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Real Estate: Home Sweet Home

There are countless reasons why over 480,000 people call Fresno home and the real estate market is just one of them. In the past, Fresno’s appreciation rate has reached 96 percent, one of the highest rates in the country.

Fresno continues to experience steady growth in its residential communities. The population is expected to double by the year 2020, which equals approximately 30,000 new residents per year.

One of the standout features of this area is the diverse housing options — from architecturally significant structures, stately mansions and gated communities to contemporary dwellings on large lots with mature trees. Multi-unit complexes and brand new custom-built homes with magnificent lake views are also part of the mix.

The rich history of Fresno is evidenced in its century-old homes that exude a French colonial flavor, classic Spanish Revival style or the elegance of English Tudor. Traditional designs feature native Californian bungalows, charming Italian Villa styles and comfortable ranches. Neighborhoods with meticulously manicured lawns, gardens in bloom with colors accentuated by the sun, and tree-lined streets all add to the allure of living in Fresno.

Truly, the desirability of Fresno is growing. The area’s largest increase in new home sales occurred in the first quarter of 2004. The average price of new home construction in the Fresno/Clovis metropolitan area is approximately $300,000.

Existing homes fall into a wide price range. California-style ranch homes can be purchased for approximately $150,000, while traditional bungalows often start around $200,000. For those seeking luxury, numerous homes for upwards of $1 million can be found throughout Fresno. Many of these homes offer spacious living quarters, large lots, mature landscaping, and glorious lake views.

Fresno remains one of the least expensive markets for single-family homes in California. Available land to build on is scarce and consequently in high demand. As home values continue to appreciate in this area, real estate remains a solid and safe investment.

Fresno also has a vast number of options available for its older population, including several senior and assisted living facilities. Sunrise Senior Living provides premier services to seniors that allow them to maintain a high quality of life as well as a measure of independence. With 420 senior living communities nationwide, including the Fresno location at 7444 N. Cedar Ave., Sunrise has a range of services, from at-home assisted living, independent living, Alzheimer’s care, hospice and short-term care.

Fairwinds-Woodward Park offers luxurious studio, one- and two-bedroom apartments for active seniors who desire a combination of helpful amenities and opportunities for independent recreation. A café, recreation room, spa, exercise room and more ensure that residents can remain active and worry less.

So whether a buyer is looking for a larger home to accommodate a growing family, upgrading to a layout that is ideal for entertaining or downsizing after retirement, Fresno offers it all.