Patterson Real Estate

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Patterson Real Estate & Homes for Sale in California

Patterson, the "Apricot Capital of the World," is located in California's lush central valley within a short drive to both San Francisco and Sacramento. A number of popular recreation areas such as Lake Tahoe, the Monterey/Carmel area and Yosemite National Park are also within driving distance. Home to approximately 13,000 residents, the city is located on Highway 33 near Interstate 5 in Stanislaus County. Although Patterson depends primarily on agriculture for its primary economic source, the city's unique design mimics the urban cities of Washington D.C. and Paris, France. The community is laid out in a wagon wheel shape made up of a series of circles and radiating streets that are lined with trees. Each May, Patterson residents take part in the two-day Apricot Fiesta at the city center. Over the years, the Fiesta has grown from a one-day celebration held in the city park to a month long series of events. The list of activities for Fiesta Weekend is increasing every year and includes a king and queen pageant, a crafts faire, art contest, petting zoo, family fun, food and entertainment. The city also presents a Farmers Market and Street Faire every Saturday evening during June, July and August.

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Price Range of Patterson Houses

The real estate market in Patterson is made up predominantly of single-family homes with only a few townhouses or condominiums. Single-family homes can be found in a variety of architectural styles including Ranch and Mediterranean to contemporary and custom. One new residential development, "Heartland Ranch," features large homes with views and/or acreage. Home prices range from $330,000 to $1,000,000 plus for large estate properties with amenities include equestrian facilities. Land and lots are also available for custom home building.

Patterson Real Estate Stats and Trends for the week of August 22nd, 2019: homes priced around $411,697 compared to $405,702 the previous week, showing a increase of more than +1%.  For Thursday, August 22nd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.

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