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Clovis CA Home Prices Drop
September 7th, 2009
Clovis CA Home Prices Drop
Clovis CA Home Prices Drop
Have Clovis home values peaked? The chart above indicates that median home values climbed April – June but then decreased over the past 2 months. As more and more foreclosures are sold, median home prices naturally will drop. This doesn’t necessarily mean we’re in for another huge price drop. Here’s why.
Most experts predict that home values will continue to fall over the next few months, until the beginning of 2010. After that, we should begin to see prices go up. Barring an economic meltdown, the bottom of the real estate appears to be very near.
What does this mean for the Clovis real estate market?
If you’re thinking about buying or selling a Clovis home, keep this in mind: there’s a shortage of Clovis homes on the market. We actually need more homes to sell. In many instances, there are multiple offers on homes — a sign the market is reaching the bottom. Also keep in mind that bargain-priced foreclosures are sold almost as quickly as they’re put on the market. Well-priced Clovis homes are selling quickly as well. It’s a great time to buy a Clovis home with prices and interests rates so low. And if you price your Clovis home right, it’s also a great time to sell.
Let us know if you’re thinking about buying or selling a Clovis home. We’ll discuss the latest Clovis market data and then walk you through the home buying or selling process. It’s a different market in years past and we’ll go over the latest buying and selling strategies.
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