Friday, March 23, 2007

Bakersfield home prices crumble

California Association of Realtors numbers for February 2007 are out and Bakersfield home prices crumbled along with other Central Valley towns:


City_________ CurrentYr________ Prior Yr________ Change

Bakersfield___ $280,000.00______ $295,000.00______(5.1% )

Clovis_______ $359,000.00______ $439,000.00______(18.2%)

Fresno______ $277,500.00_______$285,000.00______( 2.6%)


Inventory update. Net additions to the Bakersfield MLS are rising fast. At this same time last year we had 2,410 homes on the market, as of today we have 3,597. That is a 49.3% increase, year-over-year.

8 comments:

Anonymous said...

I gave you credit for the few photos I boosted from this site. Good job on your site.

http://video.google.com/videoplay?docid=6897935140271687860

Anonymous said...

I thought David Crisp said they controlled the market and they would not let the market fall and prices would go up for several years?

Dumbass!

Bakersfield Bubble said...

Crisp disputes those who say the boom is ending. Bakersfield has another two or three years before it "levels out," he said.


http://www.sacbee.com/content/business/projects/boom/story/13702903p-14545580c.html

Bakersfield Bubble said...

I gave you credit for the few photos I boosted from this site. Good job on your site.

http://video.google.com/videoplay?docid=6897935140271687860

________________________

Thanks!

Anonymous said...

Bakersfield has another two or three years before it "levels out," he said.

FWIW, Crisp made that prediction back in Oct 2005 when the article was written, and as the current numbers show, he clearly was a bit delusional on that "2-3 year" estimate...

BTW, I love how Crisp claims to have flipped that house in one day, earning $400k in the process. Doncha love that flipper mentality?

Anonymous said...

Nancy Harper
Closing Deals And Opening Doors
Click Here
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When did selling you @ss become legal in California?

SLO Bear said...

Good news GS - unfortunately here on the coast, the local rag is telling us the fear is over and prices are back on the rise.

http://www.sanluisobispo.com/mld/sanluisobispo/16966306.htm

AnalysisGuy said...

Perfect lead in comment by SLO bear. I'm shooting up my latest report and it's the year end report on SLO. What a nasty 2006 and it doesn't look much better for 2007.

thebubblebuster.com