This winter, Fresno homebuyer traffic is the best we’ve seen in 2+ years! Could it be due to Fresno’s declining unemployment rate? Or, perhaps it’s the dry warm weather this season? Either way, homebuilders active in the Fresno marketplace right now are welcoming the new interest from homebuyers with open arms as the spring selling season begins full bloom.
Median new home base prices are hovering around $110 per square foot, which is $60 per square less than peak values in 2006.
News You Can Use from the Fresno/Clovis Submarket…
Valley Builders Optimistic In Spite Of Housing Market: Despite a sea of foreclosures and bargain-priced houses for sale across the central San Joaquin Valley, homebuilders are still finding a reason to raise the walls and roofs on new homes… MORE
More on the Activity in Fresno’s New Home Market: New home construction seems to be on an upswing in neighborhoods across the Valley. And builders are optimistic that the market is starting to turn. (This week’s) story in The Bee tells you what some Fresno homebuilders have done to get through the downturn and who is buying new, but it doesn’t cover everyone.
Here’s a look at what other builders in town have done to attract buyers along with more from homebuyers that we couldn’t squeeze into the final story… READ ON
Clovis City Council Oks Map Laying Out City’s Future: A plan that lays out the future neighborhoods of Clovis was approved Monday (2/13) night by the City Council, despite fears from some rural residents that it won’t adequately protect their land from urban intrusion. …Rural residents who live on large lots east of the city say a proposed open-space buffer of 100 feet is not wide enough to shield their homes from the housing tracts of smaller-lot homes that would be allowed under the new general plan… READ ON or, WATCH VIDEO via KFSN.
California’s High-Speed Rail Project Continues despite Criticism: California’s high-speed rail project is already projected to take longer and be more costly than originally projected, but the obstacles facing it are not yet over. Governor Jerry Brown is trying to push the project through the Legislature this year, though… MORE
Source: Mark Utman, Marketing Consultant, (559) 449-4500
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CLOSINGS: August 2012 – Land Advisors closed seven vacant lots within Tract 5351 to a private homebuilder. The private homebuilder bought the lots to expand its presence in the City of Clovis.
LANDED 