A Forecast of 2015

Last month we did a recap of 2014 Kingsburg real estate, so let’s do a forecast of 2015 this month.

California Association of Realtors states that the outlook for 2015 will probably be at a slow and steady rise. They predict that actual sales will go up 5% and the median price will go up 7.1%. That’s pretty good news to me. They also predict that interest rates will hold steady at 4.5%. More good news.

Nationally, the spring housing seasons kicks off in March and stays strong into August before going into its winter lull. But the “seasonality of the market” – like everything else about housing – is local. Our market here is starting to get more active, even a little more sooner than usual. We are currently representing multiple Buyers and Sellers now and it’s almost like the first daffodils of spring. Here they come and boy are they pretty!

To compare actual numbers with December, January sales and inventory were almost identical. January sales were up by 1 and inventory up by 3. Still taking an average of 6 weeks to sell homes, which has been pretty consistent for the past year or so.

Please join in the fun on Saturday, February 28th, for the 7th Annual Kiwanis Pancake Supper and Silent Auction, from 5:30 to 8:00 pm.  Held at the Orchard Bible Fellowship Church, 2400 Stroud Ave.  The proceeds from this event funds senior scholarships. Adult tickets are $6 and children 12 and under are $3. The auction includes several new bikes, lots of local gift certificates, miscellaneous items and toys galore for the kids to bid on. Oh, and don’t forget the auction desert table: scrumptious pies, breads, cookies and such!! One thing is for sure ….. you won’t leave this event empty handed or hungry!

Remember to contact me if you have any comments. They are all welcome.

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