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Folsom Home Values

Real Estate Market Trends: Past 36 Months of Sales in Folsom, El Dorado Hills, Rancho Cordova & Citrus Heights (August 2006 – August 2009)

August 28, 2009 By Ryan Lundquist Leave a Comment

I put together a series of city-wide graphs to show the past three years of home sales within Folsom, El Dorado Hills, Rancho Cordova & Citrus Heights. It’s always interesting to me to take a look at a market-wide graphs to try and make sense of what property values have done over a specified time period. When looking at data like this, I ask questions like: What is the lower end of the market doing? Have there been any changes in the upper end? What does the overall trend look like? Declining? Stabilizing after a decline? Increasing? What types of circumstances may have triggered a change in the overall price levels during various times over the past three years? New laws or regulations? Unemployment? Loan rates adjusting? Economic factors? Zoning?

All graphs below are based on information from Sacramento Metrolist between 08/28/2006 to 08/27/2009. The points on the graphs represent single family residential detached units.

Number of Sales in the Past 3 Years:

  • Folsom:  2,183
  • El Dorado Hills:  1,665
  • Rancho Cordova:  1,732
  • Citrus Heights:  2,374

What do you see? What does it look like the market has done in the areas below? Does anything stand out to you or surprise you? What do you notice about the higher end of the market on all of the graphs?

Folsom Real  Estate Market Trends: 

Folsom CA Sales Trend Graph August 2006 to August 2009

 El Dorado Hills Real Estate Market Trends

El Dorado Hills Sales Graph August 2006 to August 2009

Rancho Cordova Real Estate Market Trends:

Rancho Cordova Sales Graph August 2006 to August 2009

Citrus Heights Real Estate Market Trends:

Citrus Heights CA Sales from August 2006 to August 2009 Trend Graph

City-wide data is important to look at because what is happening in the overall city can sometimes have an impact on smaller niches and portions of housing within the same city. This is not always true, but it’s relevant to at least be aware of what is happening in the overall market so that we can more readily decipher a city’s sub-markets.

On the other hand, one of the glaring downfalls of city-wide data is that information is too general to really draw neighborhood-specific conclusions from. As we all know, each city or area typically has a host of different types of neighborhoods, and these pockets of real estate can vary drastically from each other in terms of buyer perception, price range, and many other factors. For example, Rancho Cordova has two main zip codes and the 95742 zip code (Anatolia) is far different from most of the 95670 zip code (everything else). Or properties near Old Town Folsom may have weathered the market differently than those in Empire Ranch. Or Governor’s Village and Serrano in El Dorado Hills may show differing market trends because of location, square footage, year built, or some other factor.

With all that being said, I am very curious to hear your observations and insight about the city-wide trend graphs above. Feel free to comment above (just below the post title)  or email info@lundquistcompany.com. If you are in need of additional and more specific research or an appraisal, let’s talk soon (916-595-3735).

www.SacramentoAppraisalBlog.com Real Estate Market Trends: Past 36 Months of Sales in Folsom, El Dorado Hills, Rancho Cordova & Citrus Heights (August 2006 – August 2009)

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Filed Under: Market Trends Tagged With: Citrus Heights Home Values, Citrus Heights Property Values, Citrus Heights Real Estate Appraiser, Citrus Heights Real Estate Market Trends, Citrus Heights Sales August 2006 to August 2009, El Dorado Hills Home Values, El Dorado Hills Property Values, El Dorado Hills Real Estate Appraiser, El Dorado Hills Real Estate Market Trends, El Dorado Hills Sales August 2006 to August 2009, Folsom Home Values, Folsom Market Trends, Folsom Property Value, Folsom Real Estate Appraiser, Folsom Real Estate Market, Folsom Sales August 2006 to August 2009, Home Appraiser, House Appraiser, Rancho Cordova Home Values, Rancho Cordova Property Values, Rancho Cordova Real Estate Appraiser, Rancho Cordova Real Estate Market Trends, Rancho Cordova Sales August 2006 to August 2009, Valuation

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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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