Fresno California Real Estate Market

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Real Estate Broker/Owner - Lazarus Realty
Information on the Fresno California Real Estate Market from Fresno's Foremost Blogging Broker -- Randy "Lazarus" McAtee Owner/Broker of Lazarus Realty.
Thought I might say a few things about unlicensed contractors. If you hire a contractor and they perform a job where the total amount of labor and material exceeds $500.00, by law, they must be licensed. You are not obligated to pay an unlicensed contractor for a job if the combined total of labo...
Read the recent article from the Fresno Bee HERE Simply put – inventory is TIGHT How tight you ask? Take a look at todays 24 HOUR MARKET WATCH We have 45 new listings and in the last 24 hours 64 homes have gone into contract.  The market is highly in favor of Sellers… that is, the ones who are AB...
The latest stats from the California Association of Realtors show prices of Fresno homes in December rose 6.3% in month-over-month sales  (meaning December sales prices were 6.3% higher on average than November sales prices) and a whopping 15.3% year-over-year. You can read the report online her...
I've been noticing for quite some time the dwindling inventory in the Fresno Real Estate Market.  Listings are being out numbered by pending sales at a significant clip. This is what I saw when I logged on to the MLS today. This means over twice as many homes went into contract (Pendings =52) in ...
This blog should go under my series titled "So You Want To Be A Landlord" But I'm putting it out there as a warning to anyone renting property in the Fresno area.  I have a property I am renting in a gated community in North West Fresno.  Most all properties rented in that area are going for arou...
FOR RENT 3676 W,Cottonwood Ln Fresno CA, 93711 I have available an adorable home in the gated commutinity of European Grove. {cross streets Barstow and Valentine) This 3 bd / 2 ba home has an open floor plan with arched entries and an island kitchen.  It was built in 2008 and looks and shows like...
Courtesy of the Fresno Bee you can review the health inspection report of your favorite Fresno eatery. Its great that you can use YELP to find out what others have to say about the food but the health inspection report allows you to know what inspectors see when they go behind the counter. If yo...
IT SUCKS TO HEAR IT BUT THIS IS WHAT THEY SAY :  Fresno continues to lag behind most of the nation in its pace of economic recovery, ranking 99th out of the 100 largest metropolitan areas in a Washington think tank’s latest analysis Wednesday. READ MORE HERE I’m sure some people may think: “why d...
Years ago I would comment on how lop-sided the market was to the sell side.  For example in THIS POST from Aug. of 2007 the stats showed that sellers were over buyers by over 3 to 1.  Things have really changed.  Last week on one of our Fresno MLS 24 hour market watches we had one day that was RE...
This is pretty funny.  Unfortunately,  it isnt far from the truth.  For example, yesterday I received a full price cash offer for a property from another agent.  Then, about an hour later I get a call from some guy who says he's in front of the property and wants me to come down and show it to hi...

Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
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