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Central Valley Homes to Go For $200s

Joint venture partners will build two new residential communities, Greystone and Ashton Park, totaling 221 detached single-family homes priced from the mid-$200,000s to be open for sale by early 2019.

Greystone Ashton Park The new communities are to be across the street from the new Ridgeview Middle School.

VISALIA, CA—Facing Bay Area land scarcity and steep pricing, residential builders have found a good alternative in the Central Valley south of Fresno and 200 miles from the Bay Area. San Joaquin Valley Homes and Presidio Residential Capital have closed on 29 acres (151 lots) and plan to close an additional 19 acres (67 lots) next year.

The joint venture partners will build two new residential communities, Greystone and Ashton Park, totaling 221 detached single-family homes priced from the mid-$200,000s. These homes are scheduled to break ground this month and the neighborhoods are expected to be open for sale by early 2019. The retail value of this project is estimated to exceed $52 million.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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