Healthy Pace of Price Appreciation

Median prices for existing homes nationally continued to climb in the third quarter of 2015, as reported by the National Association of Realtors®.

The report suggests an “encouraging lift-off” in existing-home sales, despite the low supply of available dwellings. Slower overall price appreciation is contributing to the rosier outlook.

watering-houses

Our Kingsburg outlook is not quite as rosy for October, but I can tell you that November has gone crazy.  We are busier now than all year. I think it has something to do with taking a vacation.  But getting back to the October market, we only had 5 homes that closed escrow.  The inventory dropped too, down to 28 Active listings.  However, the number of Pending homes that are in escrow and closing soon is up to18 so the November numbers should all be up.

The one day Fall Cleanup event is this weekend! Gather the things on your property that you no longer want and take them to Mid Valley Disposal for a FREE drop off.

  • Saturday, November 14
  • 7:00am-2:30pm

Residents must provide proof of residency (ID or utility bill).

Santa Lucia Festival is coming up December 5th from 10 am  to 7 pm downtown on Draper Street.  There will be Lucia processions at the city’s breakfast restaurants in the early morning.  The craft show and sale begins at 10 am, the gingerbread house competition at 11 a m and the Rotary Club of Kingsburg Festival of Lights Parada begins at 5:30.  I heard that Santa will be in residence at his little house on Draper Street throughout the day.

All our best wishes for a wonderful Thanksgiving and we sincerely hope that your able to spend time with your family and friends.  They are the most important thing around.

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