Looking Back At The 2016 Real Estate Market

Home prices were the one constant in the 2016 real estate market nationwide. Scant inventory and low interest rates kept the market steady.  As you can see from this 7 year chart2016-kingsburg-market-chart that indicates the number of homes Sold in Kingsburg and their average Price Per Square foot, our local market has been pretty constant too.  Looks like 2011 was the highest of the 7 years.

Our office is off to a great start this year and I hear that a couple local agents are experiencing the same thing.  The 2017 housing market should see a boost to inventory, although not significant to withstand the increase in demand expected.  And moving into the new year, the National Association of Realtors (NAR) predicts home prices for existing-homes to rise approximately four percent in the 2017 real estate market. Other sources, however, anticipate home prices to rise much more.

We are excited and proud to announce a new real estate agent, Tiffany Dix.  We have worked with Tiffany on several projects in the past and look forward to having her on our team.  We consider her professionalism and work ethic a great asset to our company.  Welcome aboard Tiffany!

The 2017 Color of the Year is Violet Verbena.  “This nuanced update on a classic shade adds depth, luxury and pampering to every space, making it the perfect backdrop for consumers looking to blend the masculine, the feminine, the mystic and the modern.”ppg_coloroftheyear_200x200

 

 

Upcoming events:

Chamber of Commerce Annual Dinner: January 26th from 6-9pm, Historical Park

29th Annual Blossom Trail: February 3rd at 10:00 am, at Kingsburg Train Depot

Annual Car Show: April 14th & 15th, Downtown Kingsburg

Thank you for taking the time to read this blog.  If you have any questions, please feel free to send us your comments.  As always we welcome your response.

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