Real Estate Market Watch Luxurious and Exclusive Gated Community Lake Van Ness, Fresno CA. 93711
Arguably the nicest and most exclusive gated community you will find around water in the Fresno area is Lake Van Ness. Good luck getting into the community though because along with the fence and gates all around, there is a security booth at the main entrance staffed with personel. Unless you have a legitimate reason for being there you probably won't get in without being very creative (I recommend bringing your Realtor). When you view this neighborhood even from beyond its gates, you don't get the sense that this is Fresno. It feels something more like a southern California or Bay Area community. These homes range from 3,000-6,000+ sq. ft. on lots that are 12,000-17,000+ sq. ft. The backyards of these homes all border the water. The lake and docks never touch as the docks are built into the land and are elevated above the water for style and or longevity.
Looking back as far as 2005, there was one sale at $334 per sq. ft. All of these figures come from the Fresno Association of Realtors MLS data. 2006 also had only one sale at $373 per sq. ft. 2007 recorded two sales with an average of $310 per sq. ft. 2008 was a year with three sales that averaged $290 per sq. ft. There were zero sales in 2009 but 2010 had four sales that averaged $241. There have yet to be any sales in 2011 as of 5/31/11 in this community. It is my assumption that the sales in 2011 will average out to be less than the $241 per sq. ft. that was yielded in 2010. I base this assumption on the fact that we have not seen the market going back up in the Fresno area and less people can afford these luxury homes now compared to 2005-2007.
As with any neighborhood, there are many factors that come into play that affect the price per sq. ft. Generally speaking, the larger the home the cheaper per sq. ft. the home will be because less people can afford the larger homes. That isn't always the case for a community such as this one where the wealthy people of Fresno reside. Other factors could be how custom the home is and if building materials were imported, etc. The association dues run $300 per month and this includes landscape maintenance of the green areas, lake/pond maintenance and security gate and guards 24 hours a day.
A LIST OF HOMES CURRENTLY FOR SALE ON LAKE VAN NESS RIGHT NOW!
Real Estate Market Watch Luxurious and Exclusive Gated Community Lake Van Ness, Fresno CA. 93711
Fresno and Clovis Real Estate Prices
Thank you for sharing this. I hope someone finds exactly what they're looking for here.
I hope so too Bob. I will point them in the right direction!
Wow, I had no idea that Fresno had homes like these! They seem like very nice lakefront properties.
maureen, I had a difficult time finding photos that I could use that are actually on the lake. I am new to blogging and don't really know how to get photos that I can use in a timely manner. However, if you want to see some of the actual Lake Van Ness homes in Fresno you can do a google images search and many will pop up.