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At the auction in Fresno this past weekend, most bakersfield properties went for between $90-95/sqrft.  A few of the nicer, move in quality homes went for a little more.  A 2300 sqrft home in Brighton Parks gated community, with all the trimmings and upgrades, large lot, and move in quality, went for $130/sqrft, selling for $300k.  That was less than half from its previous listing price.  A large, 3500sqrft home off Brimhall and Oldfarm, near move in quality (maybe 10-15k of work needed) sold for $113/sqrft.  Another property near ming and ashe sold for $66/sqrft after being posted for reauction.  My wife and I were kicking ourselves for not getting around to inspecting that property beforehand! I believe that before the bubble, the avg $/sqrft was sitting around $98.  I'd say the average at that auction was about the same, and this was just the first major round of homes (some have been sitting on the market 2yrs).  A sign of...
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