Current Real Estate Market Trends:
Average price per square foot for Fresno CA was $93, a decrease of 56.3% compared to the same period last year. The median sales price for homes in Fresno CA for Feb 10 to Apr 10 was $147,000 based on 2,471 home sales. Compared to the same period one year ago, the median home sales price increased 11.4%, or $15,080, and the number of home sales decreased 7.4%.
The average listing price for homes for sale in Fresno CA was $263,104 for the week ending May 12, which represents a decrease of 0.6%, or $1,459, compared to the prior week. Popular neighborhoods in Fresno include Bullard and Woodward Park, with average listing prices of $325,788 and $497,568.
History of Fresno:
Located in central California, 184 mi southeast of San Francisco and 222 mi northwest of Los Angeles. It is the seat of Fresno County. Fresno was incorporated as a city in 1885.
Fresno began as a station for the Central Pacific Railroad in 1872 and was made the seat of Fresno County in 1874. The city’s name is Spanish for the ash trees that the early explorers found in the area.
Fresno is a leading agribusiness hub, with 250 different crops produced by 7,500 farmers on 1.9 million irrigated acres, worth $3 billion a year. Fresno County’s top agricultural products are grapes, cotton, tomatoes, cattle and calves, and turkeys.
The city is also a distribution and manufacturing center. Its diverse industries include agricultural chemicals, farm equipment, canned fruit and vegetables, clothing, computer software, electric wire, pumps, glass, and plastic products.
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