Clovis Home Prices Drop Nearly 18%

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Clovis Real Estate News

August 25th, 2009

Depending on what side of the Clovis real estate market you’re sitting on, the 17.7% price drop on Clovis homes over the past year is either good news or bad. Buyers undoubtedly love it, whereas Clovis sellers have to be wondering when will the market finally hit bottom?

The latest market number are out — and it still doesn’t look good for the Clovis housing market. Home values in Clovis decreased 17.7% in the second quarter of 2009, compared to the second quarter of 2008. Nationally, home values decreased 12.1% during this same period. What does this mean to Clovis home buyers and sellers? It really depends on your situation. There’s probably never been a better time to buy a Clovis home, especially with low interest rates and the first-time home buyer incentive. Selling your Clovis home, however, will still be a challenge, but it can be done. We sold our last Clovis listing in only 17 days. If you price it right, use our state-of-the art marketing technology you have a very good chance of selling your home. There’s plenty of buyers out there — they’re just very picky and are looking for a good deal.

Whether you’re buying or selling a Clovis home, let us know. We’ll walk you through the latest marketing numbers and show you how they impact you whether you’re a Clovis buyer or seller.

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This entry was posted on Tuesday, August 25th, 2009 at 2:22 PM and is filed under Buyer Info, Current Home Values. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.