Thursday, January 25, 2007
Has the Fresno Real Estate Market Bottomed Out?
One thing's for sure. The market is picking up! Our office is seeing increased activity in 2007 now after the holidays are over. The market was slow during the fall months of 2006, but now I see many buyers and sellers believing that the market has pretty much bottomed out. Many buyers are coming out of the woodwork to look at homes. My website www.FresnoHomes.net has had some incredible traffic increases, Jan 13th getting 459 visitors! On the average I get about 250 visitors per day. I got 3 offers on an investment property I listed, and that is a good sign. Many investors have left the market over the last year, but now I see more of them coming back. The Fresno market is attractive to many buyers, basically it's still one of the lowest priced areas in California. Do you think the market has bottomed out?
Subscribe to:
Post Comments (Atom)
1 comment:
People in Fresno are currently in a huge state of denial in my humble opinion ... especially real estate agents. The Fresno market is extremely overvalued and the correction is just beginning. When it is all over, prices may be down to $150/sq. ft. for homes. It may take 10 years for the Fresno Real Estate Market to recover. Many of the houses in Fresno are old and in undesirable areas. Houses going for $300,000+, I would not even offer $200,000 for. Get a reality check, those days are gone! It truly is a buyer's market, accept it.
Post a Comment