Fresno County Approved TTM Lots Going Once, Twice…

Land Advisors Organization is pleased to say SHOUT! the handful of approved tentative tract maps (TTM) available for sale within Clovis’ city limits have been receiving multiple offers.  The City of Fresno is next to follow where lots previously located in “B” and “C” locations are quickly becoming the new “A” lots.   The time is now for developers and homebuilders to pounce on every reasonably priced TTM.  Call LAO’s Fresno office at (559) 549-6326 for a current list of available inventory.

POLL:  

HOME SALES:

  • Distressed homes sales are on the decline. FULL STORY
  • Home prices are up 18% from a year ago. FULL STORY

NEW DEVELOPMENTS: On November 7, 2012 The Madera County Board of Supervisors re-approved 4-0 the 1,656-acre, 5,190-home Tesoro Viejo planned urban community proposed by McCaffrey Group.

Source: Mark Utman, Marketing Consultant, (559) 549-6326

Fresno?… Fres-YES! Permits, Pigskins & Progress

  • New home sales in Fresno and Madera Counties are still slumping www.ksee24.com
  • City of Fresno & City of Clovis together have 2,200 vacant finished lots.
  • Central San Joaquin Valley Single Family Permits pulled YTD = about 760
  • Foreclosures are down – www.thebusinessjournal.com
  • Fresno County unemployment is still hovering around 17%
  • One public homebuilder made the most notable lot purchase in 2011 – $85,000 per finished lot in a highly desirable area of Clovis
  • This month, the City of Sanger (15 minutes west of Fresno) eliminates development fees for new home construction. www.ksee24.com
  • 3Q 2011 – Land Advisors sold 17 acres in Clovis and 112 partially improved lots in Fresno.  Both were bank REO transactions.
  • Although many REOs sold to investors in 2011, there are still opportunities for investors to buy distressed lots/land.
  • Earlier this year Bonadelle Neighborhoods broke ground on the Brighton Master Plan. The first neighborhood will have 161 lots.  First home closing is scheduled around Thanksgiving. 
  • This summer Wilson Homes began construction on Herndon Avenue, building their new plan called “elev8ions” elev8ions.com
  • Last Saturday Fresno State Bulldogs traveled to Cal Berkeley… unfortunately the “Dogs” lost 36-21.  Next game is this Saturday at Nebraska.

Source: Mark Utman, Marketing Consultant (559) 449-4500 x127