All About Fresno Real Estate Marketing 2021

All about Fresno Real estate Marketing 2021

Last year at the same time, we were discussing the Fresno Real estate market 2020. We were ready to expect the most unexpected because of the prevailing Covid-19 scenarios. And rest we all know what happened next, the property rates hit the new lows and the housing market ended up hotter than ever. 

While 2020 brought us the most unexpected, through the latest updated Fresno real estate market we have adapted to the “new normal”. Let’s glimpse into some latest and expected real estate market insights in Fresno 2021:

Comparison between Fresno real estate market 2020 and 2021 :

Taking you to some fresh comparisons between the Fresno real estate market in 2020 and 2021:

• Fresno home market in 2021 is 19% higher than the year 2020, reaching a median price of $345 K.
• Selling days of homes in 2021 have become 8 while in 2020 on average home would take 23 days to be sold.
• By June 2021 there 575 homes have been sold as compared to last year's June only 499 houses were sold.

Present trends in Fresno real estate 2021 

In Fresno, the median price of a single-family home according to the latest studies in May 2021 was $361,500. The figure clearly depicts a hike of about 22% from the median of last year which was less than $300,00. 

The reason for such a hike in median price has been observed under the prevailing Covid-19 pandemic. The top real estate agents in Fresno CA have concluded that the extended confinement of residents to their homes has driven people to upgrade and furnish their living situations. The pandemic has made people appreciate their homes more while affecting more sales of the homes. Their homes are not only the place they have to sleep, but it has now become a place where they have to work, do schooling and even play. These changes have even urged people to sell out their old small houses and shift towards a larger and comfortable home. 

Through all this chaos, while the buyers have been increasing substantially, the supply of homes has decreased proportionally. As a result, the sellers are getting multiple offers on their properties and hence the homes are selling faster than ever. 

Some predictions for the Fresno real estate market 2021:

• Home values will continue surging: The national home values in Fresno have ever in six years observed such heights with a year-per-year increase of almost 6.7 %. 

On the other side of the plane, we can also observe a low asking price by next September. A possible wave of foreclosures could also happen by mid-year. Hence one can face flattening housing price growth, but in the end, time can only tell what will happen. 

Recommendation - If you are the seller then consult your nearest Indian realtor in Fresno, CA, and get into the listing window as soon as possible. But if you buy you can wait for the latter half of the year to choose from and in less competition.

• Increased Construction across the state: Due to Covid-19 situations, many projects got suspended and ended up on hold. The hold resulted in affecting new construction inventory, along with mixed-use residential-commercial projects designed to revitalize many neighborhoods. Hence now resurrecting every partially completed work, the construction industry will face an upsurge and hence resulting in increased pricing. These heaving prices could further affect the real estate market in Fresno, thereby further booming the housing rates. 

Recommendations: If you are a buyer then speed up your planned new construction while making your property more attractive to impact your potential sale. And if you are a buyer then go for numerous options before preferring new construction housing. For some advanced search options through Indian residing areas contact the Indian realtors in Fresno, CA. 

• Remote working will continue to exist: Now, while everything is returning back to normal and some industries have called back their employees in the office. But still, remote working will remain an option to choose. While remote working is more workable and presents many savings for the company. If your location is near office parks, downtown cores where trendy startups are mostly initiated once prized for commutability, there may be less demand if these companies go fully remote. Hence also homes situated near to outdoor recreation will be considered more worthwhile than those located near office parks.  

Recommendation: 

If you are a seller then keep in mind at home remote workforce concept, while providing home offices, zoom sightlines, utilities like cables and internet, and smart home features for bonus price. You can include a fire pit, comfy chairs, outdoor kitchens, outdoor media centers, and pools as a plus for people in quarantine. Also, you should market plans around selling your home including resources for those moving in from out-of-the-area. And if you are a buyer then through the top real estate realtor in Fresno, CA try to hit a property offering you something different and special with added benefits of traditionally affordable due to prevailing distance from the cities and lack of full-time employment. 

Although no one is exactly sure what will happen in the future, still the above studies have come out of the closest assumptions.