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.

Anatolia

The smell of new construction in Sacramento & Placer County

By Leave a Comment

It’s too early in 2011 to see what this year will hold for new construction, but I’ll admit I feel cautiously optimistic to at least begin to witness some sparks of home building in the Sacramento area. Whether a few new houses in Anatolia, Empire Ranch, Ironworks, The Islands at Riverlake (Pocket Area) or Serenity Cove in West Sacramento, it’s been nice to personally spot new houses being built or planned. After construction nearly dropped off the face of the earth in the Sacramento area over the past few years, it would be warmly welcome to see that trend turn around. 

The graph is based on data from the United States Census Bureau for the number of permits pulled for new construction of single family residential properties.

Unpacking the Comparison of Building Permits:

  • It’s easy to see the very significant decline in building permits for both Sacramento County and Placer County over the past several years.
  • The history of permits in both counties seems to follow the same pattern in terms of an increase from 2000-2005 and then a major decrease from 2005 onward.
  • Sacramento County did have a much larger spike in production during the peak years. This makes sense when considering how many new subdivisions were built in Elk Grove, Rancho Cordova and pockets throughout the county.
  • While Sacramento County had more building permits pulled than Placer County from 1994-2008, Placer County narrowly surpassed Sacramento County in both 2009 and 2010 in total number of permits. 

Where have you seen new construction lately in the Sacramento area? Where would you like to see it? What stands out to you about the graph? Will we see more permits pulled in 2011 than 2010?

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook.

Comparing real estate in the 95670 and 95742 zip codes in Rancho Cordova

By 1 Comment

It’s easy to view all sales in a given city on one graph, but what happens when we begin to unpack data a bit and look at specific areas or zip codes? We just might notice differences because there are often a number of real estate segments or sub-markets within a given city. As we all know, not all neighborhoods are competitive to each other, so it’s important to try to look at neighborhood-specific data to really understand the real estate market. Below is a trend graph of all sales in the City of Rancho Cordova over roughly the past five years.

There are actually three zip codes in Rancho Cordova (only two with houses really though). Let’s put the 95670 and 95742 zip codes in Rancho Cordova next to each other below and do a little comparison to see if we might get better data this way as opposed to just looking at the graph above. What do you see when viewing data in the 95670 zip code (not Gold River – only Rancho Cordova) in comparison to the 95742 zip code (Anatolia, Kavala Ranch, Sunridge)?

Rancho Cordova Real Estate Data (95670 Zip Code)
* 107 sales over the past 90 days
* 5.4 months of current housing supply listed on the market
* $146,000 median sales price over the past 90 days
* Average days on market: 64 days
* Number of active listings: 92
* Number of active short sale listings: 59
* Number of active short sale contingent listings: 43
* Number of pendings: 56
* 42% of all sales over the past year were REO (bank-owned)
* 26% of all sales over the past year were Short Sales
* Roughly 68% of all sales were distressed in some regard (REO or SS)
* Unemployment in Rancho Cordova is 14.4% per EDD (as of 12/2010)
* Unemployment in Sacramento County is 12.6% per EDD (as of 12/2010)

Rancho Cordova Real Estate Data (95742 Zip Code)
* 61 sales over the past 90 days
* 7.1 months of current housing supply listed on the market
* $231,000 median sales price over the past 90 days
* Average days on market: 86 days
* Number of active listings: 44
* Number of active short sale listings: 60
* Number of active short sale contingent listings: 41
* Number of pendings: 54
* 32% of all sales over the past year were REO (bank-owned)
* 29% of all sales over the past year were Short Sales
* Roughly 61% of all sales were distressed in some regard (REO or SS)
* Unemployment in Rancho Cordova is 14.4% per EDD (as of 12/2010)
* Unemployment in Sacramento County is 12.6% per EDD (as of 12/2010)

What stands out to you about the differences between 95670 and 95742? When we combine 95742 data into 95670 data to show all of Rancho Cordova, the entire median sales price level for Rancho Cordova increases, doesn’t it? Can you see why I think it’s important to look at these zip codes separately? Ah, we can make data say so many things if we’re not careful to really dissect it.

If you have any real estate appraisal, valuation consulting, or property tax appeal needs, contact me at 916.595.3735, www.LundquistCompany.com or via Facebook.

Market Trends for the “Anatolia” area of Rancho Cordova: What do you see?

By 1 Comment

Here are a couple of trend graphs below for the 95742 zip code of Rancho Cordova. This area is comprised mostly of “Anatolia“, but also consists of a development called “Sunridge”, which is not part of the Anatolia HOA. 

You be the appraiser here. What do you see in the trend graphs below when looking at the past years of sales? Is there anything you notice to be different or similar when comparing the two graphs? 

Past three years of sales:

Past one year of sales: 

Superstar Kindergarten Classes: Photos from the Field

By 1 Comment

I have a “Photos from the Field” category on my site that usually includes pictures relating to real estate somehow, but today I want to shift gears and share something a bit more personal – not TMI, but something that really matters to me.

Project 680 is a grassroots community effort to find practical ways to support local homeless students within the Folsom Cordova Unified School District. We dub ourselves Project “680” because in 2008 we found out there were “680” documented homeless students in the FCUSD. That was shocking and unacceptable, so we decided to do something about it. Since then many individuals, organizations, churches and businesses have come together to advocate for local kids.   

project 680

Today was a very exciting day because a friend and I were able to go to Sunrise Elementary School in the Anatolia area of Rancho Cordova to say thank you to some all-star students who gathered items for Project 680. Three kindergarten classes ended up collecting 154 pairs of gloves, 67 hats, and 11 scarves for local homeless students. Way to go kids!!! (and teachers) We are proud of you!!!  

This is such great news and I wanted to share it with you. It’s just too good on so many levels, don’t you think?

Please know though that I don’t mention this to brag or boast in any way. I’m not looking for public kudos either. I just think it’s so important to take a stand for struggling kids as well as find a vision in life that makes a real difference. I am so thankful to be actively learning to live out a vision with locals in Rancho Cordova and Folsom through Project 680. That’s easy to write about.

Join the Project 680 Facebook Page.