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Harold Penner's Blog

By Harold Penner | Agent in Clovis, CA

2010 Hot Real Estate Deals!

HAROLD PENNER: Fresno Real Estate Market Analysis

2010 Hot Real Estate Deals!

A lot of my buyers interested in newer homes are being lured by the prices of Fresno homes along the Highway 99 corridor. New communities sprang up along the 99 during the housing boom of 2005 and 2006 and now with so many homeowners defaulting on their loans, there are some excellent buys in the area.

Clovis vs. West Fresno Foreclosures:
This past month there were 22 homes sold in 93722 and 93723 that were built in 2000 or sooner. 21 of those 22 homes were foreclosures or short sales with the only remaining house being brand new.

A similar number of homes were sold in the newer areas of Clovis (93619, 93730) yet the ratios and prices are quite different. Out of 20 homes sold, 9 were foreclosures or short sales, 4 new construction and 7 traditional sales.

For those that are open to expanding their search area to find the best deals, the 93722 and 93723 zip codes are a must see. A much higher ratio of discounted homes (foreclosures and short sales) are available in the Highway 99.

Clovis vs. West Fresno Pricing:
The same floorplans can often be purchased near Highway 99 for around $40 less per square foot. In 2009, the average selling price per square foot was only $99 in west Fresno (93722, 93723) compared to $143 in Clovis (93619, 93730). On a 2,000 square foot house that is a difference of a whopping $80,000!

Contact my office for the latest Fresno real estate deals!

FEBRUARY MARKET STATISTICS* - Fresno and Madera Counties

  • Average Price of Sold Homes in February 2009 vs. 2010 - $149,246 vs. $167,025 (12% Increase)

  • Sold Homes in February 2009 vs. 2010 -763 vs. 639 (16% Decrease)

  • # of Foreclosures and Pre-Foreclosures Sold in February 2009 vs. 2010 - 627 vs. 411 (35% Decrease)

  • Avg. Loan Percentage Rate in March 2010 – 4.89% (30 Year Fixed)

  • *Unless otherwise indicated, all stats are based on residential sales in Fresno and Madera counties.

    Click here to visit HomesInFresno.com

2516 E. Prestwick Ave., Fresno, CA 93730

  • $615,000

  • 5 Bedrooms

  • 4.5 Bathrooms

  • 4,081 sq. ft.

  • Over An Acre! Near Copper River Country Club, this sprawling, extensively remodeled home features 5 bedrooms, 4 bath, with fenced pool and 3 car garage. The gourmet kitchen features granite counters, mahogany wood floors, stainless steel Jenn-Air appliances, and a sub-zero fridge. The adjoining pantry is a room in itself! The family room includes an office, bathroom, and laundry. Four bedrooms center around a playroom with two adjoining bathrooms. The isolated, master bedroom suite has double door entry and a private patio. Relax in your jacuzzi tub next to frameless shower. In the center of the home, there is a 34x21 great room, with vaulted ceiling and brick fireplace. The grounds feature mature trees, wonderful entertaining and play areas. An exceptional property and price!

    Click here to view 2516 E. Prestick!

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