Garage mechanic/Student · Fresno, CA · Member since 2015 · 10 posts · 0 votes
I have been driving around and noticing the they are a lot more for rent and for sale signs yet I see more apartments being built in the same area ( downtown area). How would I determine if my market or sub market is viable? Thanks for your time.
Fresno, CA · Member since 2009 · 116 posts · 85 votes
10y
Is the market good for what? Being a landlord or flipping? As far as buyers and sellers, demand is still much greater than supply here. I'm not sure what inventory is right now, but several months ago I ran the numbers and we were at about 2.2 months of inventory. Which is very low supply (good for sellers).
Every sub market in and around Fresno is viable at the right price.
Teacher · Sacramento, CA · Member since 2015 · 82 posts · 21 votes
10y
Look how long properties are listed before they're closed. Look at the change in prices for properties in the area you're interested in. Look at employment numbers and what kinds of work people are doing.