Times have changed and the real estate market has started picking up. The 2008 crisis took many investors down with it and the industry recovered in the year of 2014. Ever since then, the real estate market in the entire country has seen rising home values.
The real estate market of California has been the main focus of investors. The home of Hollywood is everyone’s apple of the eye. Moreover, thanks to Silicon Valley there will always be a plethora of jobs in the region. The city of Fresno has also benefited from growth in the region.
For investors, the best way to invest in the real estate market of Fresno is by following the hands-on approach of house-flipping. It is said that the flipping market of this city has outperformed all the markets in California.
The Fresno Market Overview
If you are looking for a home in the Fresno real estate market, then you need to know about the following facts.
- Over the past 4 years, single bedroom house prices have increased by about 20%.
- The current state of the rental market suggests that the median rent is currently at an all-time high of $1500.
- The median sales price is $241,500, which is going to increase in the coming year.
Looking at the overall stats suggest that the market is heading in the right direction. Moreover, 27% of the entire populating is single, which is the reason behind the high demand for single bedroom homes.
If you are looking to invest in the market, make sure you do your homework. If you want to enter as a house-flipper, then you must ask for help from experienced professionals. Since real estate involves a lot of money, it is important that you don’t just jump into it and get help from the data.