I scan many news sources to provide recent articles of importance on issues pertaining to the Fresno real estate market, as well as occaisionally exchanging my own Realtor views and advice to homeowners and buyers of residential and investment properties. I encourage you to read the articles and post comments and opinions on the issues before our industry in these modern times.
Friday, June 03, 2005
Investors Buying Up Fresno Properties!
I've never seen anything like it in all my experience selling homes in the Fresno area. Most of the sales activity, seems to be from out of town buyers. I'm seeing most buyers coming from the bay area or San Jose. I estimate that 50% of the business is from out of towners. Our prices are considerably lower than most cities in California, with our median price currently just under $300,000, and slightly over $300,000 for Clovis. For this reason, investors have flocked here and are able to make good, solid investments .
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