• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Sacramento Appraisal Blog | Real Estate Appraiser

Real estate appraisals for divorce, estate settlement, loans, property tax appeal, pre-listing and more. We cover Sacramento, Placer and Yolo County. We're professional, courteous and timely.

  • About
  • Appraisals
  • Order
  • Ask Ryan
  • Areas
  • Classes
  • Press
  • Trends
  • Share
  • Contact

Unfolding trends and fresh stats under $200K in the Sacramento market

November 29, 2012 By Ryan Lundquist 2 Comments

Let’s unpack some fresh stats today to help interpret the market and see trends as they are unfolding before us. In the past month I’ve shared about hedge funds, cash and FHA, but let’s throw in conventional sales into the mix today. What is the quarterly percentage of FHA, cash and conventional sales in Sacramento County over the past few years? The chart below shows all sales under $200,000. Why have I been focusing on the market under 200K? This is why: 35% of all sales in Sacramento County this quarter have been cash, but 49% of all sales under $200,000 have been cash deals during the same time period. As you can see, cash has been devouring the market – particularly in Q4 so far. Conventional sales have seen a slight uptick from previous years. FHA deals have been suffering as cash has trumped the market.

By the way, last Sunday The Sacramento Bee wrote a solid piece on investment funds purchasing in Sacramento. I recommend reading it. You’ll see a quote from yours truly in the article too.  🙂

What else do you see? Does anything surprise you?

Chart of Cash FHA and Conventional Sales in Sacramento County - by Sacramento Appraisal Blog

Sacramento County Unemployment rate - Hostess - by Sacramento Appraisal BlogUnemployment Rates & Hostess: Jobs are an important economic indicator. When interpreting real estate stats, I tend to go back to how many people are working in the Sacramento area. This impacts people’s ability to purchase as well as how much house they can afford too. Click on the thumbnail image on the side to see the trend of unemployment in Sacramento County over the past few years. Do you think we’ll see lower numbers next month in light of Hostess closing its doors in Sacramento? Feel free to use the image on your own blog or website (please use according to my sharing policy).

If you have any questions or Sacramento home appraisal or property tax appeal needs, let’s connect by phone 916-595-3735, email, Twitter, subscribe to posts by email (or RSS) or “like” my page on Facebook

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Related

Filed Under: Market Trends, Resources Tagged With: appraisers in Sacramento, cash in Sacramento market, chart of market trends in Sacramento, competition in real estate market, Conventional vs. Cash vs. FHA, decline of FHA in Sacramento, hedge funds in real estate, Home Appraiser, House Appraiser, Sacramento Bee

Reader Interactions

Comments

  1. Bill McKnight says

    December 1, 2012 at 11:19 AM

    Hostess is closing right on the heels of Comcast closing its local call center and Campbells announcing that it is shutting down by July, 2013. How many jobs total? Comcast had 300 locally and Campbells 700. That is no small bump in the unemployment numbers.

    Reply
    • Ryan Lundquist says

      December 2, 2012 at 5:20 AM

      I know, Bill. It’s not easy out there. Despite some of the positive news in real estate lately, we have 69,000 people listed as unemployed in Sacramento County. In the thick of news about cash in the market and low inventory, I think it’s easy to gloss over an unemployment rate of 10.2%. That’s still way too high though. Thanks Bill.

      Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Connect with Ryan

 Facebook Twitter LinkedIn YouTube Pinterest

Subscribe to Weekly Post

* indicates required

Search this site

Blog Categories

  • Appraisal Stuff (401)
  • Bankruptcy (3)
  • Divorce (4)
  • Estate Settlement (6)
  • FHA Appraisal Articles (56)
  • Internet (53)
  • Market Trends (439)
  • Photos from the Field (126)
  • Property Taxes (70)
  • Random Stuff (225)
  • Resources (560)
  • Videos (161)

Blog Archives: 2009 – 2019

Lundquist Appraisal Links

  • Appraisal Order Form
  • Appraisal Website
  • Rancho Cordova Appraiser Website
  • Sacramento Appraisal Blog Sitemap
  • Sacramento Real Estate Appraiser Facebook Page
  • Twitter: Sacramento Appraiser (@SacAppraiser)
  • YouTube: Sacramento Appraiser Channel

Most Recent Posts

  • My real estate mind never shuts off
  • How might rent control affect the housing market?
  • Street names & hot stats with an asterisk
  • Thoughts on PG&E and the housing market
  • That place where shiplap & murder meet
  • Does the market really change every seven years?
  • When sellers care too much about the Zestimate
  • Zillow has officially entered the market
  • Not everything is getting multiple offers
  • When 1,000 square feet doesn’t count

Disclaimer

First off, thank you for being here. Now let's get into the fine print. The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

The information on this website is meant entirely for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or any other potential real estate or non-real estate purpose. The material found on this website is meant for casual reading only and is not intended for use in a court of law or any other legal use. Ryan will not appear in court in any capacity based on any information posted here. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose or valuation consulting, please contact Ryan at 916-595-3735 for more information.

There are no affiliate links on this blog, but there are three advertisements. Please do your homework before doing business with any advertisers as advertisements are not affiliated with this blog in any way. Two ads are located on the sidebar and one is at the bottom of each post. The ads earn a minor amount of revenue and are a simple reward for providing consistent original content to readers. If you think the ads interfere with your blog experience or the integrity of the blog somehow, let me know. I'm always open to feedback. Thank you again for being here.

Copyright © 2019 Sacramento Appraisal Blog