Monthly Archives: January 2016

Recap, Forecast and #5

Following is a comparison of the number of sales of properties located within the Kingsburg city limits over the past several years plus the average price per square foot:
2013: 123 units sold at $125 average per square foot
2014: 116 units sold at $133 average per square foot
2015: 98 units sold at $143 average per square foot
So, as you can see, inventory has dropped and the values have gone up. Both of these indicate data points indicate that the market is still in a correcting mode from the crash of 2006.
The forecast for 2016 and beyond looks promising. The real estate industry is predicted to stay on a steady, solid course for the next several years, according to the Urban Land Institute Center for Capital Markets and Real Estate. We have seen an increase each year of about 12% from the year before. So it looks like your property values here in Kingsburg will continue to rise.
And saving the best for last …… Kingsburg is No. 5 on the list of the “10 Best Places for Young Families in Northern California.” The southeastern Fresno County city had the lowest median home value of the top 10 cities at $219,700, the study said. And the city’s median income grew 57 percent between 1999 and 2014, the highest jump of any city on the list. Click on this link to read the full article in the Fresno Bee dated January 8th.
Fresno Bee article: Kingsburg #5 North California Cities
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