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Clovis Real Estate News

November 20th, 2009

Clovis Real Estate – Is the Worst Over?

There’s been a lot of talk recently where the Clovis real estate market heads next. We thought we’d share with you some interesting data on Clovis homes compared to the Fresno metropolitan area and let you decide for yourself. Have we hit bottom yet? Read on and we’ll then give you our opinion.

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Clovis Homes

Clovis homes have been on a roller-coaster ride of late. As of September, 2009 (October home sales have not been released yet), the median sale price of a Clovis home is $214,500 which is down 11.5% from a year ago, and down 6.6% from last month. This is somewhat discouraging news as Clovis home prices had been increasing over the past several months. However, some of the loss is seasonal and we’re entering the low selling season. In other words, the fact that Clovis home prices are dropping may be due to season adjustments or a continue drop in prices in the Clovis real estate market.

The Clovis real estate housing market is in a lot better shape than the rest of the Fresno metropolitan area where the median home price is $164,900. In fact, home prices in the Fresno metro area have dropped 23.8% over the past year (down from $174,400 and 21.7% from last month. See the chart above).

The chart below demonstrated Clovis home prices over the past 5 years. Clovis home values have fallen considerably from there 2007 highs, but have increase over the past several months – a good sign that the market is beginning to recover.

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The Clovis real estate market is constantly changing. If you’re in the market to either sell or buy a Clovis home, you need Clovis Realtors who know the Clovis real estate market. We’re ClovisExperts.com. We specialize in Clovis homes so you can sell or buy a Clovis home for the best possible price. Just fill out the form below and we’ll answer any questions you have.

Clovis Real Estate − "The Clovis Home Experts"

This entry was posted on Friday, November 20th, 2009 at 4:10 PM and is filed under Buyer Info, Seller Info. 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.