Clovis Home Values
Clovis Home Info.
Search by Clovis School
- Buchanan High School
- Clovis High School
- Clovis East High School
- Clovis North High School
- Clovis West High School
- Clovis Unified School District
Clovis Home Prices – Up or Down in 2010?
February 2nd, 2010
Clovis Home Prices – Up or Down in 2010?
Clovis Home Prices Fall in December
Lower Clovis home prices is good news – if you’re a Clovis buyer. But behind the scenes of falling Clovis home prices is more bad economic news. Things aren’t getting better in the Central Valley. But they are in other parts in California.
Central Valley Homes Struggling
According to the Wall Street Journal, unemployment rates are dipping and home prices are rebounding in the San Francisco Bay area, which is driven by its technology industry and exports, and in coastal Southern California, where entertainment and other industries are starting to benefit from the economic thaw. But in the state’s Central Valley, where the downturn struck earlier and harder, unemployment rates are still rising and the battered construction industry keeps shedding workers.
Overall, California’s economy remains weak, and the stabilization on the coast is just beginning. The state’s seasonally adjusted unemployment rate was 12.4% in December, down from an October peak of 12.5% but still higher than the national unemployment rate of 10%, according to the California Employment Development Department.
Housing prices in coastal areas again are rising, a sign that their economies are reviving. For example, the median home price in the nine-county Bay area increased 15.2% in December from a year earlier to $380,000, according to data provider MDA DataQuick. In coastal Southern California, the median home price increased 7.5% to $360,000. Unfortunately, that’s not the case in the Central Valley where median home prices fell 11.3% to $142,000 over the same period.
It’s too early to tell what this means for 2010 Clovis home prices. Any sign of a California housing recovery is good news. But in reality, the Central Valley will likely be a step behind. Want to know more about Clovis homes? Read our reports on the 2009 Clovis housing market and Clovis Homes – Future Home Values.
Clovis Real Estate
At Clovis Real Estate we have our pulse on the Clovis housing market. That means we report all news relating to Clovis home prices, whether it’s good news or bad news. Visit ClovisExperts.com often to stay up to date and learn the current market conditions of Clovis homes.
Wondering the value of your Clovis home? Use our Clovis Home Value Estimator. Just complete the form below and you can find the estimated value of any Clovis home in just seconds.
Thinking About Selling Your Clovis Home?
Sell it FAST & for the HIGHEST price!
Contact Dr. John McMillen
FREE, no-obligation, confidential appointment.
Get your home’s value!
(559) 325-4545
John@ClovisExperts.com
Clovis Real Estate − "The Clovis Home Experts"Leave a Reply
Contact Us
