Vacant Site in Newman, CA: Photo from the Field

While in Newman, CA today on an appraisal inspection I snapped the following image of a vacant site that will someday be Hurd Barrington Elementary School. According to the Newman Crows Landing Unified School District (NCLUSD), ground for this school was broken in July 2009.

2009-07-13 09.22.13

Vacant residential and commercial sites are fairly common in today’s market when considering developments that are newer in age (and ones that were not quite built out before the real estate bubble burst). Whenever I see an image as such, or even vacant residential lots, a “coming soon” sign for a neighborhood park or commercial area, I always think of the phrase “a sign of the times”.

www.SacramentoAppraisalBlog.com Vacant Site in Newman, CA: Photo from the Field

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