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Market Trends

Unemployment Rates in the Sacramento Area: What Effect Does Unemployment Have on the Housing Market?

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How are unemployment levels doing in Sacramento County right now? How is your city or area doing? Have a look at the data below to check out your area or places nearby to where you live. Do you think there is any impact on property values when unemployment rises? Might this lead to more foreclosures? Do you think the large decline in price levels over the past year in many areas below might be related in part to the large percentages of unemployment which have increased sharply? Does it seem like some of the hardest hit areas are also struggling with higher unemployment rates?

Unemployment Rates are based upon information provided from the Employment Development Department from February 2009.

State of California      10.1%     

State of California One Year Ago   6.2%

Sacramento County    10.7%

Arden Arcade CDP      10.4%

Carmichael CDP          7.9%

Citrus Heights city      7.5%

Elk Grove CDP            8.7%

Fair Oaks CDP            5.9%

Florin CDP                 16.0%

Folsom city               4.8%

Foothill Farms CDP      13.7%

Galt city                   16.2%

Gold River CDP           1.8%

Isleton city               11.5%

La Riviera CDP            5.8%

Laguna CDP               5.5%

Laguna West Lakeside CDP   7.2%

North Highlands CDP    15.8%

Orangevale CDP          7.6%

Parkway South Sacramento CDP   18.0%

Rancho Cordova City   12.3%

Rancho Murieta CDP    3.3%

Rio Linda CDP             15.7%

Rosemont CDP            8.4%

Sacramento city         12.5%

Vineyard CDP             4.9%

Walnut Grove CDP       23.6%

Wilton CDP                 6.5%

For further reference and to look up unemployment information and rates on any county or city in California, see the following links:

If you have any questions about the data above or any other appraisal-related issues or thoughts, contact me at 916-595-3735 or www.lundquistcompany.com

City of Carmichael Market Trends (Sacramento Region)

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What’s happening in the Carmichael real estate market lately? The graph below displays the past 36 months of sales. What do you see?

carmichael-market-trends

For starters, the overall trend appears to be declining over the past 36 months. No surprise there, huh? We are seeing this phenomenon in most niches in the Sacramento area. It looks like the bulk of sales over the past 90 days have sold between 200-300K, though there are certainly sales well beyond that range. It is also evident that there have been fewer sales above $1,000,000 in the past year.

Carmichael Real Estate Market Data:

  • 85 sales over past 90 days
  • Median Price of $219,000 over past 90 days
  • Low Price of $72,000 over past 90 days
  • High Price of $2,200,000 over past 90 days
  • Average Days on Market over past 90 days: 84
  • 125 current Active listings
  • 76 current Short Sale Active listings
  • 60 current Pending listings
  • 21 properties have sold above $1,000,000 over the past 36 months
  • 4 properties have sold above $1,000,000 over past 12 months

Carmichael Links:

NOTE: Carmichael is technically not a city, but a Census-Designated Place (CDP) in Sacramento County.

If you have any questions about the data above or any potential real estate appraisal needs within Carmichael or surrounding areas, feel free to contact me at 916-595-3735 or www.lundquistcompany.com

El Dorado Hills Market Trends (El Dorado County)

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What’s going on in the real estate market in El Dorado Hills? Here is a trend graph displaying 36 months of sales based upon Sacramento Metrolist. The data was limited to sales under $2,000,000 since there were only 11 sales at $2,000,000 or above over the past 3 years (listed on MLS).

el-dorado-hills

What do you see? For starters, El Dorado Hills has houses selling at higher levels than many surrounding areas, doesn’t it? It does look like there is a trend downward over the past 36 months with homes selling at overall lower levels as well as less houses which have sold above 1.5 million lately.

El Dorado Hills Real Estate Market Data:

  • Past 90 days:  96 sales
  • Median Price over past 90 days: $442,470
  • Low Sale over past 90 days:  $230,000
  • High Sale over past 90 days:  $1,798,000
  • Past 12 Months:  580 sales
  • Current Active Listings:  255
  • Current Short Sale Active Listings:  91
  • Current Pending Listings:  63

El Dorado Hills Links:

If you have questions about the data above or any potential appraisal needs for tax appeal, estate settlement, purchase, refinance, etc… feel free to contact me at 916-595-3735 or www.lundquistcompany.com

Elk Grove Market Trends: Past 90 Days

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What’s happening in the Elk Grove market lately? Specifically, what is going on in the following parameters: Elk Grove Blvd. to the North, Franklin Blvd. to the West, Bruceville Rd to the East, & Bilby Road to the South. There are many pockets within these boundaires (Machado Dairy, Backer Ranch, Franklin Meadows, Bilby Meadows…).

elk-grove-market-trends

In this neighborhood there were a plethora of builders who built out the neighborhood over the past five or so years and so the quality of construction varies from pocket to pocket throughout the local market depending on who the builder was (JTS, Beazer, KB…). The style is generally the same throughout with contemporary detached dwellings with stucco exterior and tile roofing. There are local commercial retail properties on the Northwestern end of the neighborhood as well as one other portion as well as a local church.

elk-grove-market-trends-graph

Elk Grove Real Estate Data:

  • 60 current Active listings
  • 187 current Short Sale Active listings
  • 141 current Pending listings
  • 205 sales over the past 90 days
  • 66 sales under $250,000
  • Median Price over past 90 days: $275,000

elk-grove-market-trends-36-months

If you have any questions about the data, the market, or have any potential appraisal needs in this neighborhood or others, please contact me at 916-595-3735 or www.lundquistcompany.com