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For additional information regarding specific Real Estate information, please call the Madera Association of Realtors at (559) 673-2218

 

REAL ESTATE DATA

Rentals:

Average monthly rent for 3-bedroom home $1213 (October 2008, Madera Housing Authority)

Average monthly rent for 2-bedroom apartment $834 (October 2008, Madera Housing Authority)

 

Home Prices:

Average purchase price for new 3-bedroom home:  $221,000 (2008 Madera MLS)

Average purchase price for existing 3-bedroom home (8-11 years old):  $221,400 (2008 Madera MLS)

Average purchase price for all homes (includes new, existing, condos and single-family):  $191,400 (2008 Madera MLS)

Median home price for all homes (includes new, existing, condos and single-family):  $180,000 (2008 Madera MLS)

As of February 2009, the current average list price is $207,000 with a median of $161,000; average sales price is $135,000 with a median of $161,000.

SOURCE: Madera MLS

 

YEAR

2004

2005

2006

2007

Average Home Price

   $230,000

   $285,000

   $310,000

   $295,000

SOURCE: Grubb & Ellis Pearson Realty

 

SINGLE-FAMILY RESIDENTIAL BUILDING PERMITS

COUNTY

2007

2008

Fresno

3,736

2,322

Kings

491

245

Madera

510

237

Tulare

2,264

1,253

TOTAL

7,001

4,057

 

METRO AREA

Dec '07

Dec' 08

Fresno

195

89

Hanford - Corcoran

32

19

Madera

31

3

Visalia - Porterville

122

52

TOTAL

380

163

 

ANNUAL NEW HOME MEDIAN PRICE

COUNTY

2005

2006

2007

Madera

 $ 384,990

 $ 329,990

 $ 295,000

Fresno

 $ 414,990

 $ 384,950

 $ 339,990

Merced

 $ 334,990

 $ 330,600

 $ 295,500

 

NEW HOUSING UNITS

METRO AREA

2000

2001

2002

2003

2004

2005

2006

2007

2008

TOTAL

Fresno

2,988

3,558

3,642

4,479

5,376

6,245

4,101

3,736

2,322

36,447

Hanford - Corcoran

443

664

618

835

728

1,050

732

491

245

5,806

Madera

4,547

715

910

1,144

1,451

2,133

1,282

510

237

8,929

Visalia - Porterville

1,565

1,696

1,830

1,993

2,384

2,992

2,850

2,264

1,253

18,827

TOTAL

9,543

6,633

7,000

8,451

9,939

12,420

8,965

7,001

4,057

70,009

 

SOURCE:  Construction Industry Research Board; California Building Industry Association

CHAMBER MEMBERS - CONTRACTORS & REAL ESTATE DEVELOPERS

Contractor/Developer

Location

Phone

Basila Construction, Inc.

2121 West Almond Avenue, Madera CA 93637-5202

(559) 674-0986

Berry Construction

413 West Yosemite Avenue, Ste 106, Madera CA 93637-4574  

(559) 674-2491

Castle & Cooke

8805 North Highway 41, Fresno CA 93720

(559) 360-3009

H.S. Development

4800 Stockdale Hwy, Ste 205, Bakersfield CA 93309-2636

(661) 327-0912

Zelman Development Company

515 South Figueroa Street, Suite 1230, Los Angeles CA 90071  

(213) 533-8100

 

CHAMBER MEMBERS - MADERA/CHOWCHILLA HOUSING DEVELOPMENTS

Property Name

Contact

Address

Square Feet

Cordova Estates

(559) 673-8895   

1282 San Sabastian

990-1,715

Greenhills Estates

(559) 665-1640

East off Hwy 99, Avenue 26, Chowchilla

 

Home Ranch Estates   

(559) 674-2491

off West Cleveland Avenue

1,700-4500

Kennedy Estates

(559) 673-8895

off Merced Street, between Ellis & Kennedy  

 

Vista del Sierra

(559) 661-5110

off Avenue 14 1/2 and Tozer

 

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