San Joaquin Valley Gentrification thread(Fresno, Merced, Stockton, Bakersfield) (Sacramento: house, neighborhoods)

[RMESMH]

Originally Posted by dontbelievehim

I highly doubt all trains will have to stop in freaking madera! Come on...
They'll probably have a turnout made for it, so everyone else can just avoid it while travelling at full speed.

Sacramento =#1 city for bay area CA redfin searchers
La 2
San Diego 3
Fresno was #4, tied with Salinas

New sfchronicle article excerpt(top redfin searches 2022):
San Diego was followed by Fresno and Salinas, each with 2.9% of the Bay Area Redfin user share of searches outside their region. California’s Central Valley was a hot real estate market at the height of the pandemic as Bay Area residents were attracted to more space and affordable housing there.

More townhome styles


https://m.youtube.com/watch?v=cCRzymXlgdk


699k glorified tract house(1900 sqft) is for sale in fig garden, Fresno
It does have a pool tho.
Kind of a crazy price, Fresnos starting to catch up to sac in nuttiness. Eek. 900k+ for east sac, but 750-800k would be my guess for other parts of sac.
Video does a good job showing how lush the fig garden area is...kind of looks like sac(edit: looks like it has a guest house. Still a little nuts to me)


https://m.youtube.com/watch?v=1qWlaVZFb7k


Eek


Bakersfields most expensive house is for sale
Article about it
https://www.kget.com/news/business/a...-for-sale/amp/

1. It's Fig Garden.


2. The lot = 31,000 square feet.


3. Half the lot is bare/scraped......open for possibilities.

[Chimérique]

Hey Don't,
We scraped our plans to Joshua Tree NP as we had to go back to Sacramento for a few days but now headed back down to Kings Canyon and Sequoia National Parks....so going through Fres.....tells us where to stop for some good food/restaurants in Fresno: Mexican, Armenia, and/or Italian. It doesn't have to be in fresno proper, could be in Clovis, Dinuba, Reedley...or any other towns near the routes to the NPs? Thanks

Is Gentrification in the San Joaquin Valley a good thing or bad thing?

[dontbelievehim]

Originally Posted by dontbelievehim

1.6 million dollar custom house for sale in Fresno.
Decent house; looks to be worth the price

https://www.zillow.com/homedetails/5...18708376_zpid/

Here's what 1.7ish million gets you in Austin, tx --
A tarted up Craftsman house...
1 million seems completely fair, but 1.7 is a joke. Thats likely more costly than a similar east Sacramento house.

https://www.zillow.com/homedetails/4...9401212_zpid/?

Fresno custom sold for a tad under 1.3 million.
Tarted up Austin Craftsman house is still on the market (with a 100k price drop). Expect a couple more price drops in Austin.

Fresno house sold for a little less than I expected.
https://www.zillow.com/homedetails/8...18747377_zpid/

320k condo for sale in downtown Fresno (sells for 340k?)
https://www.zillow.com/homedetails/2...18763430_zpid/

Fully furnished
Fireplace
Recently remodeled
With a pool, spa, and tennis court
And even has a garage
Would probably sell for 740k+ in midtown Sacramento. Midtown's a lot nicer than downtown Fresno, but 400k nicer, I dunno about that(hi, chim)







A thread update is coming soon...

Edit:

Originally Posted by Chimérique

Hey Don't,
We scraped our plans to Joshua Tree NP as we had to go back to Sacramento for a few days but now headed back down to Kings Canyon and Sequoia National Parks....so going through Fres.....tells us where to stop for some good food/restaurants in Fresno: Mexican, Armenia, and/or Italian. It doesn't have to be in fresno proper, could be in Clovis, Dinuba, Reedley...or any other towns near the routes to the NPs? Thanks

Is Gentrification in the San Joaquin Valley a good thing or bad thing?

Probably way late with this, but I'll give it a go

Triangle drive in and a and w in Visalia for an honest burger. Fresno a and ws are disgusting (franchisees?), But the Visalia one is decent, and cute looking for some reason.

Crawdaddys in Visalia is always a fun nite out.

There's a decent Italian spot in Visalia, but Fresno has it beat.

Heirloom in Fresno if you want some farm to fork healthiness.

Fugazzis if you're in Kingsburg. It's a Cute, sleepy farm town to visit.

Sal's in Selma. Solid, super cheesy tex-mex.

Monets in exeter if you want some good central coast wine, while in the valley. Smallish building, so don't expect a peaceful meal

[dontbelievehim]

425k median price for Fresno county, just as predicted a couple weeks back.
Sacramento is nearing 600k in price!
Modesto keeps seeing increases (not sure why. Is there lots of New housing being built there?)
Kern saw a large increase in prices(slowdown coming soon?)





Fresno

$425,000

$415,000


$355,000


2.4%

19.7%

1.2%

-0.7%

Glenn

$281,260

$320,000


$302,500


-12.1%

-7.0%

-17.6%

-41.7%

Kern

$385,000

$369,750


$315,000


4.1%

22.2%

-3.5%

-13.1%

Kings

$360,000

$325,000


$305,000


10.8%

18.0%

9.5%

-24.0%

Madera

$418,000

$430,000


$378,000


-2.8%

10.6%

-3.3%

3.5%

Merced

$395,000

$385,000


$325,000


2.6%

21.5%

4.2%

3.4%

Placer

$717,000

$701,730


$625,000


2.2%

14.7%

5.3%

-11.1%

Sacramento

$570,000

$560,000


$490,000


1.8%

16.3%

6.7%

-5.1%

San Benito

$860,000

$835,000


$722,500


3.0%

19.0%

6.7%

-25.0%

San Joaquin

$555,000

$550,000


$490,000


0.9%

13.3%

-5.4%

-3.3%

Stanislaus

$485,000

$470,500


$419,000


3.1%

15.8%

-3.0%

-2.3%

Tulare

$370,000

$360,980


$309,600

Trolley service is coming to Fresno :

The new trolley would run from the Brewery District north toward the Cultural Arts District, into the Tower District, and to Fresno City College, Fresno State and the Campus Pointe shopping center, Dyer said. He said to the councilmembers in attendance, teasingly, that he was sure they’d approve the proposed service.

In addition, Dyer told the crowd that Fresno is Southwest Airlines’ highest performing new launch market.

[Redflag71]

Look up Ridgecrest Ca

[Chimérique]

Originally Posted by dontbelievehim

A thread update is coming soon...

Edit:


Probably way late with this, but I'll give it a go

Triangle drive in and a and w in Visalia for an honest burger. Fresno a and ws are disgusting (franchisees?), But the Visalia one is decent, and cute looking for some reason.

Crawdaddys in Visalia is always a fun nite out.

There's a decent Italian spot in Visalia, but Fresno has it beat.

Heirloom in Fresno if you want some farm to fork healthiness.

Fugazzis if you're in Kingsburg. It's a Cute, sleepy farm town to visit.

Sal's in Selma. Solid, super cheesy tex-mex.

Monets in exeter if you want some good central coast wine, while in the valley. Smallish building, so don't expect a peaceful meal

Thanks, Don't......way late, but I'm sure we will back to Kings Canyon and Sequoia...our friends that were in Fresno moved to Kingsburg!

[dontbelievehim]

Originally Posted by Chimérique

Thanks, Don't......way late, but I'm sure we will back to Kings Canyon and Sequoia...our friends that were in Fresno moved to Kingsburg!

Cool
Def check it out when the weather is nice. Maybe even check out one of their swedish festivals If you can find the time
Old Kingsburg video showing off it's restaurant scene

https://m.youtube.com/watch?v=UrpdWBVm58I

Well, I had to spend some time in the 'ghetto' of fresno today. Here's what I saw

Bad: a noticable homeless population. but it was way, way less than I had anticipated. It looked nothing like lala land. Don't believe the hype

Also, a lack of trees. City needs to find a way to green up the southern parts asap. Got some north Vegas vibes at times(ew)

Ugly:: way too much trash. City is supposedly paying crews to clean it up, but you can't even tell.

Good: courteous drivers. Saw lots of good-mannered driving. Wasn't expecting that at all.

Lots of new construction was happening. Seemed like every two miles had some infill construction going on..
If they can add greenery, and keep infilling, things will look decent in no time.

Roads weren't in too bad shape either. I expected much worse there.

Anyone want to own a gallo wine estate in Modesto? Here's your chance
A 3 million dollar Modesto Mansion is for sale.
Looks nicer than any Sacramento house I've seen, and gives the best Fresno houses a run for their money. Check it out

https://www.zillow.com/homedetails/7...15985125_zpid/

That Fresno condo I mentioned earlier just saw a price increase. Wow.
Not something you see in this softening market.
Went up 10k in list price and 6k in zestimate

https://www.zillow.com/homedetails/2...18763430_zpid/

Fresno house flipper/REIT article
https://thebusinessjournal.com/meet-...and-only-reit/

Fresno rancher Creek shopping center update
They need to hurry up with this.
https://abc30.com/fancher-creek-sout...esno/11832343/

City of Fresno wants to copy fontuckys industrial successes. Sigh

https://thebusinessjournal.com/could...est-practices/


Bakersfield


Some tough hiking in Fresno county
Enjoy the scenery, chim

https://m.youtube.com/watch?v=9FvdmypZj3U

1505 median rent for Fresno
1600 median for Sacramento
1500 median for new Orleans

Via zumper, don't take it as gospel.

Edit: Jerry Dyer said 200 units of housing are coming online to downtown Fresno. That's merely a few drops in the bucket. Downtown Fresno needs a couple thousand more before things can start turning around.

Bakersfield college is building a new campus in Arvin

Top metros ranked by change in rent since 2019

10.) Fresno, 19.3%
9.) Portland, 19.4%
8.) Tampa, 20%
7.) Orlando, 20.3%
6.) Riverside, 21.6%
5.) Jacksonville, 22%
4.) Phoenix, 22.3%
3.) Salt Lake City, 24.6%
2.) Las Vegas, 24.8%
1.) Sacramento, 25.3%

Data from @stessaHQ

[dontbelievehim]

New tower district apartments are online
More should be coming soon


https://m.youtube.com/watch?v=30VKcxqI5LQ



Sunrise this morning.
Looks to be around Clovis

I'll have a valley wide update later this week

[dontbelievehim]

Fresno bee wrote another rising rent article. I think they used old data, so I'm not linking it(im sure they'll do another article in August). Goog Fresno bee rent to find it

Got word that the hippo exhibit is still set to be built at the Fresno zoo. Covid just messed with the timeline. Expect construction to begin in a couple of years. Great news
And more upgrades will be arriving soon after that finishes because the measure z tax passed again.

Measure p[Fresno tax] brought in millions more than anticipated. But Not much money has been spent, which has some people angry. Expect to see big park improvements starting in 2023.

Diehard Fresno State fans are floating the idea of a tax to help the uni and sports program. I think it gets on a ballot, but fails.

Fresno zillow is being flooded with small, plain sfhs. I haven't researched why, but my best guess is that investors are dumping their products en masse before the peak of the collapse.

Not much of an update, but it'll do.

[dontbelievehim]

Fresno is going to ban fireworks soon.
No word from Clovis, but I bet they consider following suit. Too many problems in this dry climate to be promoting them.

Uc Davis and the city of Fresno teamed up to build a 20 million dollar animal shelter. It opened a few days ago. Go visit it if you're ever in need of a pet.


No summer slump in rents for Fresno

Per zumper
The average rent for a 1-bedroom apartment in Fresno, CA is currently $1,520. This is a 48% increase compared to the previous year.

House flippers bought this house for pennies in Fresno and are going to make a nice profit



https://www.zillow.com/homedetails/1...18748525_zpid/

I'll search for non Fresno news soon.