The sunshine and warm weather are the most often cited reasons for moving to Fresno, California. But why do people choose Fresno over other cities in California which are equally warm and sunny? Though some trace their reasoning to a job offer, the answer for most people is the real estate market. Each city's is unique, with Leaside real estate having distinct advantages and disadvantages compared to Fresno or anywhere else. To help you get a more complete picture of Fresno's market, we've compiled this overview.
One of the aspects of Fresno real estate that sets it apart from other California cities is that it has managed to maintain a lot of the early 20th century architecture that harkens back to the California's golden days. Art Deco, Modern Googie (i.e. futuristic) and Roadside architectural styles are apparent in Fresno's downtown core, though like many cities some are in danger of being demolished and replaced with Oakville homes. Oakville's neighborhood is in a similar battle, but over different styles.
Recent depressed economic circumstances have affected real estate markets all over the United States, which gives them a common thread, but not all markets were affected equally. California in general and Fresno in particular has suffered more than other parts of the country, with values continuing to drop from when they peaked two years ago. So while Mississauga condos in Toronto are experiencing a bit of a rebound, the difference with Fresno is that it is still a buyer's market, which attracts more people trying to save money.
How much money you're willing to lay out on a home is another factor that helps buyers choose between markets. Right now, the median sales price in Fresno is only $145,000, with different neighborhoods commanding listing prices between $100,000 and $1,000,000. For someone who has previously owned a Toronto townhouse this value is eminently reasonable, while rural property owners may experience a bit of sticker shock. Residential properties don't generally sport Googie or Roadside architecture, but you will find ample examples of Craftsman, California Bungalow, Spanish Revival, Storybook, and Mediterranean Revival homes that are attractive to aficionados.
All other factors being equal, it is neighborhoods that really set cities apart from one another. Fresno's downtown, as previously mentioned, is a unique historic district that draws in preservationists and redevelopers. Even one of Fresno's more upscale neighborhoods, a village-like enclave known as the Old Fig Garden, has historic connections. The most prestigious neighborhood, however is the Van Ness Extension, where the homes are newer and rival Toronto's Lytton Park in size and price. Other popular neighborhoods include the eminently walkable and hip Tower District, which is the center of the Gay and Lesbian community, and Sierra Sky Park, where planes and cars share the road.
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