k e e p i n g
BUSINESS JOURNAL
b u s i n e s s e s
c o n n e c t e d ™
JULY 2022
VOLUME 7 ■ ISSUE 7
TABLE OF CONTENTS
DARAMAN...............................
2
BIRD RANCH...........................
3
GREENS ON TENTH...............
4
WYLDE WILLOW WOODWORKS........................
5
FOSTER FARMS......................
6
OPINION..................................
7
FOOD TRUCK PARK...............
8
WOMEN IN AGRICULTURE....
10
ACCOLADES...........................
11
LATHROP: HOME OF THE $1M+ NEW TRACT HOMES 209 BUSINESS JOURNAL FILE PHOTO
This 2,786 square-foot new home with four bedrooms and three bathrooms on Garden Farm Avenue in Lathrop is now in escrow for for $1,012,420.
Lathrop celebrating 23rd anniversary of incorporation BY DENNIS WYATT
209 Business Journal
L
athrop — the youngest city in San Joaquin County — is now the proverbial million-dollar baby when it comes to new home sales. As the city celebrates its 23rd year of incorporation, three new tract homes in excess of $1 million are in escrow. The homes — in the 3000
block of Garden Farms Avenue in the 15,001-home planned River Islands community — have pending contracts. It means Lathrop is the second city in San Joaquin County to have new tract homes — as opposed to custom homes — on traditional sized city lots commanding seven figure prices. The first was Tracy. The three homes range in
size from 2,786 square feet with four bedrooms and three bathrooms for $1,012,420 to 3,176 square feet with five bedrooms and 4.5 bathrooms for $1,074,217. It’s unlikely anyone that voted for the official incorporation that happened in 1989 with 6,841 residents envisioned what is taking place today. Back then Lathrop was a
mixture of older homes with several modern-style subdivisions. The median resale price of existing homes was just under $110,000. Today the median piece of existing homes sold on the resale market is closing in on $700,000. There was nothing except for farmhouses west of Interstate 5. SEE LATHROP, PAGE 8