As of February 15, there has been an increase of 5.5% for the median ask price per unit for apartment housing, according to current Fresno market trends data. This is compared to the past 3 months, where there has been a rise of 7.0% in comparison to the past year’s pricing. For apartment properties county wide, asking prices have increased 3.2% at $58,426 per unit. This is in comparison to the current median cost, which is $61,437 per unit for apartment properties located in Fresno, California.
Also as of February 15, 2015, regarding Fresno California apartment housing, the median number of days on the market for sale is 94. This is an increase of 2% compared to the past 3 months and year over year it’s a decrease of 4.7%.
Fresno, a city in California, is the county seat of Fresno County. The population was 509,000 as of 2013. This makes it the fifth biggest city of California. It is also the biggest inland city in the state and this makes it the number 5 biggest city in California. It also has the distinction of being the biggest inland city in the state plus it’s the 34th biggest in the U.S. Fresno is located in the center of San Joaquin Valley, and for the Central Valley it’s the biggest city, which has in it the San Joaquin Valley. In relation to Los Angeles, it is around 200 miles north. It is also 170 miles to the south of Sacramento, the state capital. 1,107,416 is the population of Metro Fresno. In Spanish, Fresno has the meaning of “ash tree.” Shown on the city’s flag is an ash leaf.
A source to get some information on the Fresno multifamily market is California Apartment Assocation – Greater Fresno – http://www.caanet.org/about/caa-local/greater-fresno
To look for Fresno apartment buildings for sale, go to http://www.loopnet.com/Apartment-Buildings-For-Sale/. Also for another source to find out more about apartment real-estate in Fresno, go to http://www.biggerpockets.com/
Apartment Loan Store is proud to serve the entire Greater Fresno area:
- Orange Cove
- San Joaquin