In looking back at the past year, we saw a steady growth in the real estate market here in Kingsburg. In 2017 we sold a total of 128 homes within the city limits. In 2016 we sold 115 and the previous 4 years also showed an upward growth pattern. We continue to experience very low inventory and low interest rates. It is taking less time to sell homes and the average sales price has increased slightly also.
We hear that the housing market forecast for 2018 is expected to be somewhat the same; slow growth, low inventory and low interest rates.
Our current available inventory of Active Kingsburg listings is very low at 17 homes for sale. However, we had 23 homes that Sold and closed escrow in the past 90 days. In talking to other local agencies, we all experienced a busy November and December, when normally, these two months are pretty slow.
The launch of our new mobile platform property management system went very well and we are off to a good start for the upcoming year. It is so awesome to be able to receive and deposit rents from any mobile device. They say that we can operate our property management division from the beach in Maui, but I am not sure if we will be able to do that. Although it sounds pretty neat!
Communities of Compassion and Courage Exhibition: On going until February 5th at the Kingsburg Historical Park. For more information regarding hours of admittance please visit: http://kingsburghistoricalpark.org/event-item/communities-of-compassion/
Chamber of Commerce Annual Dinner Thursday, February 15th at 6:00.
Kiwanis Pancake Supper Saturday, February 24th from 5:30 pm to 7:30 pm at Orchard Church on Stroud.
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