Bakersfield Californian Real Estate

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Updated: 9 years 44 weeks ago

Local construction perking up

Mon, 06/18/2012 - 03:00

Construction has been one of the hardest hit sectors in the economic downturn, but there are signs that the beleaguered industry is clawing its way back to health.

Kern County had 3,000 more construction jobs in May of this year than it did the same month last year, according to California Employment Development Department figures released Friday.

Bakersfield Realtors form fraud task force

Wed, 06/13/2012 - 05:03

Leaders of state and local Realtor organizations joined Kern County District Attorney Lisa Green on Tuesday to offer advice for avoiding home loan modification fraud and announce the formation of a new mortgage fraud task force.

The effort is part of an initiative the California Association of Realtors has launched to replicate statewide a program begun about six years ago by the Ventura County Coastal Association of Realtors.

Bakersfield home values drop slightly, supply still low

Thu, 06/07/2012 - 13:00

The median sale price of an existing single-family home in the Bakersfield area in May was $137,000, down 5.6 percent from April but up 1.4 percent from May 2011.

That's according to the Preliminary Crabtree Report, a monthly guage of the local housing market prepared by Gary Crabtree of Affiliated Appraisers.

Bakersfield, state see decline in foreclosures

Thu, 05/31/2012 - 00:10

The foreclosure rate in the Bakersfield-Delano area was 3.02 percent in March, down slightly from 3.82 percent a year earlier and lower than the national foreclosure rate of 3.41 percent, according to newly released figures from real estate data firm CoreLogic.

The report counted properties in any stage of the foreclosure process.

Limited supply elevates home prices

Thu, 05/03/2012 - 20:08

The median sale price of an existing single family home in the Bakersfield area rose to $145,000 in April, a 9.5 percent increase from March and up 14.3 percent from a year ago.

That's according to The Preliminary Crabtree Report, a monthly gauge of the local housing market produced by Gary Crabtree of Affiliated Appraisers.

Market squeezing homebuyers

Sun, 04/15/2012 - 05:43

Home shopper Dian Schneider was four houses in on a whirlwind tour of local homes for sale Friday when her real estate agent issued her a warning.

"Now if you like this one you'll need to move today because there are already two offers on it, and they're both above list price," said Anna Hernandez of McKinzie Nielsen Real Estate. "They're not crazy high, but you'll have to go in high, too, if you're serious about it."

Bakersfield apartments filling up fast

Sun, 04/08/2012 - 16:00

Lori Blattenberg didn't expect to find herself looking for an apartment on her own again.

But because she and her husband are separating, she was at a downtown property management office Friday morning, looking through the listings.

Homeowners unhappy with new builder's models

Sat, 03/24/2012 - 20:39

Homeowners in the northwest Bakersfield subdivision of North Pointe have resorted to erecting signs on their lawns to protest what they say is a change in neighborhood building standards that allegedly are lowering the value of their houses.

When Jennifer Yester bought her four-bedroom, three-bathroom house in North Pointe, the sales agent assured her the community would be upscale.

As rate of home ownership falls, some worry

Tue, 03/13/2012 - 22:19

As investors in and outside Kern County continue to scoop up foreclosed houses at deep discounts, some worry that a decline in owner-occupied homes is changing the character of the region's neighborhoods.

Although there appear to be more owner-occupied homes in the county than in 2000, the percentage of home ownership is dropping.

Bakersfield home prices dip inexplicably

Thu, 03/01/2012 - 03:32

Proving once more that the Bakersfield housing market is anything but predictable, home prices in the Bakersfield area fell last month even as supply contracted and demand surged.

The price of an existing single-family home in the Bakersfield area was $119,975 in February, according to the Preliminary Crabtree Report, a monthly guage of the local real estate market produced by Affiliated Appraisers. That's down 7.7 percent from January and down 4 percent from a year earlier.