Nationally, housing prices have bottomed and are on the rise. Same here in Kingsburg. The average PSF (price per square foot) is almost dollar for dollar what it was one year ago this month, which is right at $113-115 PSF. What makes the difference in the market is the low inventory of existing home sales ….. still low at 31 for April, and how quickly these homes are selling; average of 58 DOM (days on market). Supply and demand; works every time. Supply goes down and demand goes up!
The list of Kingsburg pre-foreclosures, foreclosures and auction properties remains about the same as over the past 4 to 5 months. Remember, if you are interested in getting into the investor market, our Bulls Eye Investor Team is here to help. So far we have taken 5 clients to the auction in Fresno and assisted them in their purchase of investment properties. We do all the research and hand-hold our clients throughout the process. This is a great way to obtain property at a good price, before it hits the MLS and goes public.
An interesting article in the Drudge Report this week: “The Government Accountability Office just completed its study of a study ordered by the Pentagon into studies ordered by the Pentagon. In 2010, Defense Secretary Robert Gates was interested in the growing number of studies at the Pentagon and their costs so he ordered a study of the studies.” What?? Can’t make this stuff up folks …… your tax dollars at work!
Remember the Swedish Festival this weekend. Lots going on with the season opening of the Farmer’s Market on Thursday at 5:00 with pea soup/pancake dinner, the Smorgasbord Friday night at 5:30, the Swedish Pancake breakfast Saturday morning starting at 7:00 am, the Dala horse Trot early Saturday, the Grand Parade at 10:30 and of course, arts, crafts and food vendors set up throughout the day.
We also are privileged to have visiting our town this weekend, the Jenkins Family Reunion, which is made up of survivors of World War II and the USS Jenkins. There will be a free concert in the park on Saturday night featuring the Sons of the San Joaquin performing a lot of patriotic songs in honor of these wonderful men.
Be sure to visit our booth to pick up your FREE Vote cloth grocery bag, provided by Kingsburg Insurance, New Era Financial and The Housing Connection. The purpose of the exercise is to encourage everyone who is of age, to speak out and vote in the upcoming election.
Please feel free to call us if you have any questions regarding the real estate market or lending. We are here to help!