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.

Appraisal

Is property value in South Sacramento declining?

By 3 Comments

What has the housing market been doing? Are property values in Sacramento going down? I’ve done quite a bit of appraisal work in South Sacramento lately (I even have an inspection in the Meadowview area today), and over the past several months I’ve noticed a trend downward in property value in South Sacto and some other local areas too. What’s going on? Well, during the past 120 days we’ve seen inventory increase, the federal tax credit expire, and the beginning of the Fall season too, which is traditionally a bit slower. With all these factors at hand, competition has increased lately in various niches and the spike upward we saw in the beginning of 2010 is beginning to fade. Have a look at the screencast below where I talk through some graphs I made for a particular neighborhood.

Let me know if you have any questions. Comment below, send an email, give me a call at 916.595.3735 or catch me on Facebook. If you work in real estate, what are you seeing the neighborhoods you work in most often?

How is the Sacramento area real estate market doing these days?

By 6 Comments

The question “How is the real estate market doing?” usually deserves more time than just 30 seconds. There’s definitely background research, information, and experience needed to answer this question properly. 

I wanted to take you through (in part) how I get this answer as a Certified Real Estate Appraiser in the Sacramento area. In the video below (or HERE) I analyze a portion of the Lincoln Crossing community in Lincoln, CA, and I’ll show you what goes on in my mind as I crunch numbers and explore the local market. I hope this video is helpful.

Quick Real Estate Conversations at Starbucks

By Leave a Comment

I ran into an acquaintance at Starbucks recently and we ended up having a very brief conversation about the real estate market in Sacramento. This friend of a friend just happened to be spending some time with her Realtor, and while waiting for our drinks to come to the bar, the Realtor asked me, “So how is the real estate market doing?”

We literally only had about a minute to talk, and like usual I find that it’s no small task to truly sum up the happenings of the real estate market in only sixty seconds. I suppose technically real estate market conversations can be treated like some sort of a speed-networking introduction, but my sense is that this type of exchange is really best for sitting down over coffee instead of waiting for coffee. Nonetheless, I had the brief conversation of course, but I found myself wishing for more time to realy grapple with different facets of the market. 

I mention this because I have quite a few visitors to this blog every day (thank you). People type in questions in a search engine to find answers to what they are looking for. So I say to you, if you have questions about the local real estate market, appraisal standards, FHA, a particular neighborhood, property taxes, or any other topic you might find on my blog, I just wanted to let you know I’m accessible.

You can reach me at 916-595-3735, ryan@LundquistCompany.com, on Twitter at @SacAppraiser, YouTube, Facebook, or in the form to the right or below. Please contact me for questions, discussion, or if you are in need of my appraisal or property tax appeal services.

By the way, does anyone keep an app on your phone to find coffee shops, whether Starbucks or something else?

Current Houses for Sale in the “Capital Village” Neighborhood in Rancho Cordova CA: Aug 2009

By Leave a Comment

capital-village-rancho-cordovaHave you wondered what properties in the “Capital Village” neighborhood of Rancho Cordova are currently selling for. I’d like to satisfy your curiosity by providing all 28 of the current MLS listings (as of 08/28/2009). Please note that Beazer may also have other properties for sale that are not listed through MLS. For more information on “Capital Village”, see previous posts HERE and HERE as well as a Capital Village video tour I put together. By the way, “DOM” stands for “Days on Market”.

Status                  List Price     DOM    Address                       Sq Ft  
Active 216990 55    3115 Eades Way 1311
Active 219990 56    3139 Minturn Way 1311
Active 219990 51    10877 Wraysbury Way     1311
Active 234990 9    10892 Disk Dr 1658
Active 244990 45     10881 Wraysbury Way 1658
Active 249990 13    3103 Lea Sterling Way 1585
Active 251990 46    3102 Lea Sterling Way 1698
Active 257990 192    3105 Lea Sterling Way 1698
Active 257990 63    3113 Lea Sterling Way 1698
Active 315000 62    3480 Nouveau Way 1953
Active Short   174900 189    10896 Atherstone Dr 1774
Active Short 195000 189    11035 International Dr 1651
Active Short 199000 70    10966 Stourport Way 1650
Active Short 200000 147    11013 International Dr 1374
Pending 217108 21    10888 Disk Dr 1311
Pending 231208 2    10905 Tower Park Dr 1311
Pending 233990 13    3156 Lea Sterling Way 1286
Pending 237490 97    10929 Oakham Dr 1309
Pending 239990 33    10927 Oakham Drive 1444
Pending 244153 33    10894 Disk Dr 1658
Pending 249791 107    10909 Tower Park Dr 1658
Pending 249990 29    3108 Mowbray Way 1309
Pending 252490 42    10925 Oakham Drive 1585
Pending 255990 9    3110 Mowbray Way 1444
Pending 264990 29    3157 Lea Sterling Way 1857
Pending 266990 27    3112 Mowbray Way 1585
Pending 274990 6    3154 Lea Sterling Way 2090
Pending 299990 21    3159 Lea Sterling Way 2090

 

Capital Village Real Esate Listings Graph August 2009 Rancho Cordova CA

What do you notice about the listings above? Does anything stand out to you or surprise you? Let me know if you have any questions about the data or a need for additional research or valuation services. I know the Capital Village market area well. You can comment at the top of the post (just below the main post title) or contact me at info@lundquistcompany.com or 916-595-3735.

www.SacramentoAppraisalBlog.com Current Houses for Sale in the “Capital Village” Neighborhood in Rancho Cordova CA: Aug 2009