Home Buying in 93619>Question Details

Homebuyer, Home Buyer in Clovis, CA

Harlan Ranch - Rivage Cypress - Is 350K too much?

Asked by Homebuyer, Clovis, CA Thu Sep 18, 2008

I noticed that there are several foreclosures in Harlan Ranch. The comps have really fallen in the last 3 months. Is 350K too much for a Rivage Cypress (2500 sq ft, 4 bed, 2 bath, 3 car garage)?

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The properties in Harlan Ranch area are nice, and that is a good area as per schools and locality.

Prices keep going up and down, depends upon the area and house. I can do a free market analysis for you on any particular property.


Puneet Bhargava,
Realtor, ( CA ) BRE Lic # 01859500 and Notary Public,

CDPE Foreclosure and Shortsale EducationCertified Distressed Property Expert ( Short Sale Expert)
( Free Notary Services for Clients and Friends )

1615 Shaw Avenue, Ste 1
Clovis CA 93611

Cell 559-274-7025
0 votes Thank Flag Link Thu Sep 12, 2013
Thanks for shedding light on pricing bubble in Harlan Ranch area. I recently heard that Cypress plan was less than 200 K (80 $/sq ft) in 2000. It had a different name back then. If this is true, then it is probably not worth more than 300K after the bubble completely bursts in the next 12 months.
0 votes Thank Flag Link Thu Oct 2, 2008
If you buy this home in the short term similar homes will sell for less. It is simple supply and demand... The supply of homes in our area out weigh the demand. The only way for the market to balance is for prices to come down. If you look at the median household income for the fresno clovis areas you will see that a 350k mortgage is only affordable to a very small population. With the current struggles in the US economy the demand is shrinking even faster because of consumer confidence.
If you love the home and can afford the mortgage then in the long run you will be able to sell your house for more than 350k. In the short term you could get a similar house for less by waiting.
0 votes Thank Flag Link Thu Oct 2, 2008
There are some huge homes at Harlan Range selling for $399K that are REO's built by Wathen that are over 3700 square feet. The Harlan Range development is tanking in terms of the prices in a huge way. The homes at Harlan Range were way overpriced that is why the area is just getting smashed right now. My brother purchased Wathen home at Shepherd and Fowler in January of 2003 and he paid $280K and then another $30K for the pool for a 2200 sq. ft. home. Before long prices will be right back to those levels the way this market is going. The bailout bill is going make things worse and it's disaster we have let things get this bad in terms of our financial markets. In fact I believe it's an embarrasment to the entire country to be proposing such a massive bailout.

The party on Wall Street may be over; however the hang over is going to last for a number of years to come especially when you consider the damage we have done to the broader economy and financial markets.
0 votes Thank Flag Link Wed Oct 1, 2008
There are about 13 homes in Harlan Ranch in the foreclosure process. The 399K REO is a Delmar model which is larger than Cypress on a huge lot with completed Back/Side/Front landscaping.
0 votes Thank Flag Link Sun Sep 21, 2008
No I do not think it is. Our office has a foreclosure listing in Harlan Ranch, same model with some cabinet doors missing. Price is $399,999. Bank open to offer, but bank turned down $350,000 and $370,000
Call me if you want more info on Realty Concepts listing Cypress plan at Harlan Ranch. Dan hawkins Realty Concepts 559-490-1542, or if you need a list of foreclosures at Harlan ranch email me at Dan@RealtyConcepts.com
0 votes Thank Flag Link Fri Sep 19, 2008
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