Yipes …. the market is all over the place!

Yipes …. Market is all over the place
Just when you think you have a handle on the local real estate market, the numbers go all over the place. Last month in Kingsburg we had 12 homes on the market with 11 sales. This month the inventory has risen to 21 and sales has dropped down to 8 (which is more typical for our little town). We are still experiencing a rising market, which means the price per square foot (PSF) is on the way up. In the past 30 days, the PSF has risen by $10, in other words, in March our average PSF was $115 and in April it was $127. That is close to a 10% increase. And the upper end homes are up in the $140 to $160 PSF range. Bottom line, is that the real estate market is on the road to recovery, it just appears that the road will be a little bumpy every now and then.
Please watch the video below to see the latest events happening in Kingsburg, including the big Swedish Festival this coming weekend.

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