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95757 zip code

The Golden State Killer’s house, selling lower, & price changes

December 17, 2019 By Ryan Lundquist 22 Comments

I have three things on my mind today. Let’s look at the accused Golden State Killer’s house, a new visual I’m testing out, and some fresh stats.

Huge thanks: First off, thank you for reading my blog this year. This will be my last post of 2019, so I wanted to say I’m truly honored to have you here and I hope you’ll continue to journey with me into the new year. As always, I’m open to your ideas too, so hit me up if you have topics in mind.

GOLDEN STATE KILLER: There’s no holiday cheer with this topic, but we’ve been wondering what would happen if the accused Golden State Killer’s house came to the market. Well, now we know. Sort of. This property sold as a private sale to an FHA buyer a few weeks ago. The SacBee did a piece on it here.

What do you notice about the final price?

Unfortunately the home wasn’t sold on MLS, so we don’t really know the details of how the price was established, but it clearly sold at the lower end of the market. Was the low price due to stigma? Could it be due to condition or lack of upgrades? Or maybe it was the owner selling at a discount? We may never know the details, but it’s interesting nonetheless to see.

House History: It’s sobering to think Joseph James DeAngelo, the accused killer (aka East Area Rapist), was pursuing the “American dream” of home ownership while destroying people’s lives. Here’s a history of the house:

  • 1980: Bought the house for $77,000
  • 1993: Refinance
  • 2003: Refinance
  • 2012: Refinance
  • 2019: Private transfer to family member
  • 2019: Private sale for $320,000

SELLING LOWER (NEW GRAPH): I’m testing out a new graph and I wanted to see what you think. Here’s a look at Roseville and East Sacramento. Would you like to see other neighborhoods? The goal is to see how close a property sells to the original list price vs how long it’s on the market. Thanks Braden Gustafson, MAI for the graph inspiration on Twitter.

The takeaway? The longer a property sits on the market, the further it sells from its list price. I know this is what we’d expect to see, but it’s still cool to visualize. By the way, I used the original list price instead of the most recent list price because it’s a more complete picture of the market.

PRICE CHANGE IN NEIGHBORHOODS: Last week I pulled some stats to prepare for an interview with Channel 10 about price dynamics in Oak Park. So I crunched numbers in about a dozen neighborhoods to help get a wide view of both higher and lower-priced areas.

The Sacramento Bee actually did a piece on my stats too.

I looked at both the dollar change and percentage change on purpose as this helps give a well-rounded view of the market. I also looked at huge chunks of data too as this compared almost an entire year in 2012 vs the same time in 2019. The problem with neighborhood data is if we look at one month only, the numbers can end up being all over the place. 

NOTE: If you want this data in a PDF, just send me an email.

Again, thank you for being here. From my family to yours, Merry Christmas and Happy Holidays. In coming weeks I hope you get a little time off to connect and reflect. Blessings to you.

Questions: Would you feel comfortable buying this house? Would you expect a discount? Any thoughts on the new graphs or price stats? Anything to add?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

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Filed Under: Random Stuff, Resources Tagged With: 95757 zip code, 95824 Zip Code, appraisal in Sacramento, Del Paso Heights, East Area Rapist, East Sac, Golden State Killer, Golden State Killer house, Meadowview, neighborhood price change, North Highlands, Oak Park, original list price, Roseville, Sacramento Appraiser, sales to list price ratio

Seeing real estate trends in Sacramento (you pick the neighborhood)

March 5, 2014 By Ryan Lundquist 6 Comments

Let’s look at some specific neighborhoods today in Sacramento. How is the real estate market evolving in each of these areas? In this post I plan to include 10 graphs, but the fun part is YOU CHOOSE which ones I make.

HOW IT WORKS: Email me a request to graph a specific neighborhood or area. I’ll then make a graph like the ones below and post it here over the next few days. Keep checking back. You can use the graph as personal research, for a listing presentation or post online as you see fit. I’ll need three things:

  1. Name: Location or name of neighborhood (in Sacramento, Placer or Yolo).
  2. Time: How many years of sales do you want on the graph (1 to 5 years)?
  3. Other: Do you want to see all sales? Or would you like to refine data to see a certain square footage range, bedroom count, etc…?

Send me a quick email? Seriously. ryan@lundquistcompany.com

NOTE: I have all graphs in larger sizes if you need them. Just email me.

1) Antelope: Here all all sales over the past 5 years in Antelope per request of Scott. Isn’t it interesting to see how the market has moved? Bottomed out in early 2012, massive appreciation and then leveling off.

All Antelope Sales - 530

2) Days on Market for Antelope Sales: How long have sales in Antelope spent on the market? Here are all sales. A chart of average number of days on market each month or quarter would be great, but maybe in a different post.

days on market for all sales in Antelope in MLS - 530

3) Midtown/Downtown: Per request in a comment below, here are all sales in Midtown/Downtown from 0-2 bedrooms and under 1000 sq ft. This graph only includes single family sales – NOT condos. What do you see?

Midtown Downtown Sales in Sacramento - SFR Detached Only - NOT Condos

4) Elk Grove: Per request of Bruce, here are all sales between Bruceville, Franklin, Bilby and Elk Grove Blvd. This is the 95757 zip code. Any thoughts?

Elk Grove Market Trends - by Sacramento Appraisal Blog - 530

5) Arden Manor: Per request of Cass, here are all 3-Bed / 1-Bath sales in Arden Manor (located off Watt Avenue in Sacramento in case you are not familiar).

Arden Manor Sales - by Sacramento Appraisal Blog - 530

6) Carmichael: Per request of Susan, here are all 3-4 bedroom sales in Carmichael over the past five years. I took the liberty to include only sales under $1,000,000 because there were only a handful above that level (and including them made the graph less legible). It would be interesting to see a precise square footage range in Carmichael as a follow-up to this graph.

carmichael sales 3-4 bedrooms - 530

7) Natomas: Here are all sales in the 95835 zip code for houses at 3200 sq ft or larger (hope you like this one John).

Natomas 95835 Sales - 3200 sq ft and larger - 530

8) Elk Grove: This is a graph of all sales in Elk Grove under $400,000 with 3-4 bedrooms, 1500-3000 sq ft of living area and properties built between 1997 to 2007. Hope you like it Gary.

Elk Grove Market Data - 530

9) Condos in City of Sacramento: This pie graph helps shows all condo sales in the City of Sacramento from 2010 to 2014 – and it really says something about the market, doesn’t it? Being that many condo complexes have too many rentals, pending litigation or some other issue that is a turn-off for financing, there has been a very high percentage of cash purchases. Note this is the City of Sacramento and NOT the entire county. Hope you enjoy this one Barbara.

condo sales in city of sacramento

10) Laguna West in Elk Grove: Here are all sales with a gross living area between 2400-3000 and with no pool in the Laguna West neighborhood over the past three years. Hope you like this one Doug.

Laguna West Sales - 2400-3000 GLA - no pool - 530

Examples for Blog Post:

1479 model in Mather

Mather: This graphs shows all 1479 model sales in Mather over the past five years. I appraised a model recently that was priced beyond the highest recent sale. It was out of sync with the market.

Gold River Station Sales

Gold River Station: It’s easy to confuse Gold River Station with Gold River, but they are two different areas. Gold River Station is located just north of Highway 50 and immediately south of the Gold River HOA. Gold River Station is not a part of Gold River, which is important to consider when choosing comparable sales.

Any thoughts, insight or questions?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

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Filed Under: Market Trends Tagged With: 95757 zip code, 95835 zip code, Antelope Sales, Arden Manor, Arden Manor sales, Carmichael, cash sales condos, Condos in Sacramento, Downtown, Elk Grove Real Estate, Gold River Station, Graph of Sales in Antelope, graphs of sales, Home Appraiser, House Appraiser, Laguna West, Market Trends, Mather, Midtown, Natomas, real estate sales Carmichael, Sacramento Neighborhoods, Sacramento Real Estate, trend graphs

Elk Grove Market Trends: Past 90 Days

March 12, 2009 By Ryan Lundquist Leave a Comment

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

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Filed Under: Market Trends Tagged With: 95757 zip code, 95758 zip code, Bibly Meadows, Bilby Ranch, Elk Grove Decline in Property Value, Elk Grove Home Appraiser, Elk Grove Market Data, Elk Grove Market Trends, Elk Grove Property Appraiser, Elk Grove property values, Elk Grove Real Estate, Elk Grove real estate appraisal, Elk Grove real estate appraiser, experienced Elk Grove appraiser, Franklin Meadows, how much is my house in Elk Grove worth, how to find an appraiser in Elk Grove, Machado Dairy, Quail Ridge

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