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Capital Village Sales

A drive through property value in Capital Village

August 26, 2011 By Ryan Lundquist Leave a Comment

Sometimes when thinking of property value in the Sacramento area, I think of the “steep grade” signs on the side of the road. Most trend graphs for the market over the past several years end up looking something like these signs.

I just finished up an appraisal in the Capital Village neighborhood of Rancho Cordova, and I wanted to give a glimpse of recent sales and listings in the neighborhood and larger market area. There is a pretty clear downturn, which is difficult to swallow for home owners, but prospective buyers have a sweet taste. The graph below includes all property types in Capital Village (fusion, bungalows, reflections, cottages).

What about current listings in Capital Village? Here they are per Sacramento MLS.

It’s very common for a neighborhood to see trends that are similar to the overall city or region, but it’s not always the case. Sometimes a neighborhood can stand out for whatever reason and escape some of the turmoil from the surrounding market. Though in this case, it’s clear that property values in the 95670 zip code have seen a decline over the past several years.

I know, I’ve shared some bad news today about the real estate market. I’m sorry. But stats are stats and my property has not escaped similar stats either (oh, the pain). The one redemptive feature of a downturn in property value is a savings on property taxes. Additionally, a decline in value does not mean the neighborhood is any less unique. Check out a tour I gave of Capital Village in 2009 (It’s discouraging to see so much more gray hair from two years ago).

What stands out to you about the graphs? How might information like this be useful? If you live in Capital Village, what do you love about the community?

If you have any questions, or real estate appraisal or property tax appeal needs in the Greater Sacramento Region, contact Lundquist Appraisal by phone 916-595-3735, email, Facebook, Twitter or subscribe to posts by email.

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Filed Under: Market Trends, Resources Tagged With: 95670 Zip Code, appraisal service in Sacramento, appraisers in Sacramento, Beazer Homes, Capital Village Neighborhood in Rancho Cordova, Capital Village Sales, Listings in Capital Village, Lundquist Appraisal Company, Market Trends in Rancho Cordova, Rancho Cordova Real Estate Appraiser, Rancho Cordova Real Estate Market, Real Estate Appraiser in Sacramento, Sacramento Real Estate Appraiser, Trend Graph of Rancho Cordova Sales, Video Tour of Capital Village

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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.

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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.

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