Blogging Broker

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

Anyone who knows anything about the Fresno Ca real estate market knows that we have substantial supply of lender owner properties for sale. Here is one listed by Lazarus Realty that just had a substantial price reduction. The ask price was 118,500 and was recently reduced by the lender to $95,900.

If you would like to preview this home or make an offer on it - Call me @ 559-301-1647

Share This

Sunday’s Fresno Bee reported that home sales in Fresno are indeed picking up. I read the news and intended to comment on it but even if you ARE the blogging broker you still only have 24 hours in a day. Then last night ABC 30 did segment on the market. Unfortunately, I’m not able to embed the video into my blog but you can go here and see/read the story.

I will add that besides the sales being UP as they mention, the *MSI (months supply of inventory) is WAY DOWN from what it was in the fall of last year when I began reporting the numbers. In September of 2007 the MSI was at 20.2 months. In April the MSI was down to 6.3 months. What an improvement!

As I’ve stated before, the numbers show we hit a bottom in November of 2007 - and AGAIN - whether or not this is THE bottom I can’t tell you. But the numbers are improving and it would be nice to see things continue like this.

Lazarus will be out showing homes this evening and hopes to write and OFFER THAT STICKS

If you are looking to area, call me, Lazarus @ 559-301-1647

*The MSI is calculated by taking the number of properties listed on the last day of the month and dividing it by the number of solds in that month

Share This

Yesterday, as I often do, I drove around the neighborhood

View Larger Map

looking for open houses to preview. Their weren’t many which is one of the good things about this area: very low turnover. It’s not a great market for the real estate agent who “farms a neighborhood” for that very reason. Many of the folks around here are original owners (from the 50’s and 60’s) or have been around for quite awhile.

We have lived in Northwest Fresno’s 93711 zip code for 20 years and we really like it here. The only drawback is the Bullard schools don’t have as high a rating as the new Clovis schools. If you can deal with the school system, this is great Fresno Neighborhood. There is ample shopping close by, including my favorite: Fig Garden Village.

Of the 4 homes I looked at two of them are worth mentioning:

1365 W Roberts - CLICK HERE FOR DETAILS - is just two blocks south of where I live on a quite culdesac street.  I have been previewing homes in this neighborhood for several years and this home is as nice as ANY home I have ever looked at in the area. It looks like its been on the market for LoooooOnG time (295 days) so I would suspect the sellers would be open to an offer.

1151 W Ellery - CLICK HERE FOR DETAILS -i s a very nice home that just came on the market about 10 days ago. The home is priced a bit too high (in my opinion) but it has a really nice layout and I’m confident the sellers would accept a reasonable offer.

If you would like to see either of these homes - CALL ME 559.301.1647 and I will be happy to arrange a showing.

Share This

[Read more →]

Share This