Equity Assets Real Estate

The Chief Economist for the California Association of Realtors, Leslie Appleton-Young, has come out with a report for real estate sales in June, 2010.  She reports that over the past 22 months, June was only one of two months that reported fewer home sales than 500,000 in California. She believes that people who would have normally purchased homes in June, bought them in May due to the federal tax credit.  The average home sales price in CA during the month of June was $311,950. Here are some of the quick facts comparing June, 2009 with June, 2010:

• Existing, single-family home sales decreased 4.2 percent in June to a seasonally adjusted rate of 492,800 units on an annualized basis compared with June 2009.
• The statewide median price of an existing single-family home increased 13.6 percent in June to $311,950 compared with June 2009.
• C.A.R.’s Unsold Inventory Index rose to 4.8 months in June compared with 4.2 months in June 2009.

Visit the following video link to get her full market update for June 2010.

http://videos.car.org/mediavault.html?menuID=1&flvID=8

Equity Assets Real Estate is the leader in servicing the greater Fresno area. Whether you are a first time home buyer, or looking to invest in a second property, Fresno is the perfect place to meet your goals. The diverse culture and rich heritage make Fresno an unbeatable backdrop for life’s adventures.

Not only will you find wonderful homes in Fresno, but you will be surrounded by world-class parks, rivers, lakes, agriculture, and more. The diverse culture in Fresno allows homeowners to experience cuisine from all walks of life. In addition to the food offerings, Fresno has a housing market to accommodate all styles and price points.

We are so confident that you will find Fresno appealing that we have personally chosen it as the place we want to represent. Contact us today for more information on housing availability, location, and pricing. We look forward to helping you begin your adventure in a new home in Fresno.