February 2017 Market Report

A seller’s market is defined as an economic situation in which goods are scarce and sellers can keep prices high. So, if you are planning to sell a house, the market is great! If you are buying, it’s a jungle out there.

Here’s a conversation that real estate professionals have on a regular basis:


“How’s the market?”

“Great question, my friend! I hear it all the time. All I can say is that it depends.

“Way to skirt the subject. Seriously, you call yourself an expert? Come on…give me something real. What does it depend on?”

“It depends on whether you are buying or selling! Tell me a little more about your current needs?”


And the chat progresses from there into rhetoric about how it’s a crazy seller’s market. Homes are getting multiple offers the minute they hit the market and selling for over asking price! Buyers have little to nothing from which to choose and a settling for far less home and paying a whole lot more for it to boot.

Sounds awful, right? It depends. Are you buying or selling? 

A seller’s market is defined as an economic situation in which goods are scarce and sellers can keep prices high. So, if you are planning to sell a house, the market is great! If you are buying, it’s a jungle out there.

In my experience, buyers are literally stacking up and having a really tough go at finding homes that meet their needs at an affordable price. There is only one way to remedy this situation and that is to inundate the market with more homes for sale! This can be accomplished in two basic ways. Sell more existing homes and build more new homes.

If you or anyone you know has had even the slightest thought of selling, now is a fantastic time to invite me over to help you find out what your home may be worth. With inventory at historic lows across the state, homes are getting top dollar in next to no time on the market. I would be so happy to help you cash out of an investment property or even sell your starter home to trade up before prices get even higher!

If you are planning to buy, now more than ever you need the advice of a seasoned real estate professional to help you put forth your best offer. Now is not the time to lowball a seller. Most offers under asking price are being flat out rejected because sellers know that multiple more offers will not be far behind. Now is the time to show all your cards and make your strongest offers up front. Your agent can help you with that strategy and negotiate on your behalf to increase the chances you’ll come out a winner.

Take a look at my most recent market report and contact me right away of you have any questions about buying or would simply like an estimate of how much you can profit from the sale of your house.

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Cheers!

Erica

Day 78: October 2016 Market Report

hows-the-market

If you’ve been wondering how the real estate market might be in the Fresno-Clovis area, wonder no more.  Here is your hot-off-the-press October 2016 market report! I will be updating this monthly to keep you all in the know on everything related to home sales in the Greater Fresno area. I’m happy to discuss these statistics with anyone one on one as well. Enjoy!

Today’s feature house is actually a condo. It’s located in the highly coveted Villa San Marcos complex at Cedar & Nees. These units go like hotcakes. If you blink, you will miss it for sure!

Take a look around!

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8153 N Cedar Ave #125, Fresno, CA 93720

“This move in ready three bedroom condo invites you in with large windows and an open floor plan. Home features a spacious kitchen and large bedrooms. Resort-style surroundings, lush landscaping, spa, pool, fitness room, clubhouse, media center and its also gated with private security. Villa San Marcos is a highly coveted condominium complex conveniently located near some of the best shopping and dining Fresno and Clovis has to offer.”

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Features:

  • 3 Bedrooms
  • 2 Bathrooms
  • 1370 sq ft
  • Upgraded kitchen
  • $199,500

This unit is spectacular. It’s on the ground floor, so it has a rather spacious backyard for a condo. The kitchen has lovely granite counters and new appliances. It boasts hardwood floor throughout and has a very open floor plan. I was quite impressed. If you are in the market for a condo, I highly recommend checking out this complex. It has a lot to offer and is in a really wonderful NE Fresno neighborhood. I’d be happy to show you around!

Cheers!

Erica