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Folsom Real Estate Appraiser

Dear Doctor, how healthy is the real estate market in Sacramento?

October 25, 2011 By Ryan Lundquist Leave a Comment

Where would you say the real estate market is “doing pretty good” in the Sacramento area? What does that even mean in a post-bubble-bursting context? Take a look at the image below to get a hint of what the real estate market has been like in places like Elk Grove, Rancho Cordova, Davis, Fair Oaks, Carmichael, Citrus Heights, Folsom and El Dorado Hills among others.

Citywide stats are only so useful because sub-markets within a particular city might have drastically different figures. For example, Land Park and Pocket / Greenhaven will not show the same trends as the entire City of Sacramento mentioned above. Without making this post exhaustive though, let’s take this one indicator for what it’s worth. Overall any neighborhood under 30% in REOs and Short Sales would really be classified as “doing pretty good” for the current market. Despite 30% still representing 1 in 3 sales being distressed, it’s a fairly low percentage for a city or neighborhood. Even 50% seems to be a fairly common stat for areas that locals often think of as more “move up” kind of places. Many cities and neighborhoods have a foreclosure/short sale rate between 60-70%. It’s amazing to think that is normative, but it is definitely the case – particularly in cities where there was ample new construction during the boom years.

What do you think the information says about the health of the market? How does it impact real estate to have such a high percentage of distressed sales? What opportunities and threats exist in the current real estate market?

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: appraisal service in Sacramento, appraiser in elk grove, appraiser in Fair Oaks, appraisers in Sacramento, Carmichael Real Estate Appraiser, Carmichael Real Estate Market, Citrus Heights Real Estate Appraiser, Citrus Heights real estate market, EDH appraiser, El Dorado Hills Real Estate Market Trends, Elk Grove real estate market, Fair Oaks Real Estate Market, Folsom Real Estate Appraiser, Galt Real Estate Appraiser, Granite Bay real estate market, health of real estate market in Sacramento, Lundquist Appraisal Company, percentage of foreclosures in Sacramento, Percentage of Short Sales in Sacramento, Rancho Cordova Real Estate Market, Real Estate Appraiser in Sacramento, Sacramento Real Estate Appraiser, West Sacramento real estate market

Is unemployment tied to Sacramento real estate?

July 31, 2011 By Ryan Lundquist 4 Comments

I have a guest post up today entitled “Is unemployment tied to Sacramento real estate” on Sacramento Real Estate Voice. Thank you Gena Riede for inviting me to post. Go check it out and give it some love. The post really focuses on sales and unemployment rates over the past few years in the Sacramento area and takes a specific look at Folsom, Galt, Rancho Cordova & North Highlands. Here is an example graph from the post. It’s amazing to me to see figures like this.

Visit my guest post HERE. Thanks so much.

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 or subscribe to posts by email.

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Filed Under: Market Trends Tagged With: Folsom Real Estate Appraiser, Folsom Real Estate Market, Folsom Unemployment, Galt Real Estate, Galt Real Estate Appraiser, Galt unemployment rate, Gena Riede, Gena Riede Realtor, guest post, North Highlands real estate, North Highlands Real Estate Appraiser, North Highlands unemployment rate, Rancho Cordova Real Estate, Rancho Cordova Real Estate Appraiser, Rancho Cordova Unemployment Rate, Sacramento Real Estate Voice, Unemployment Rates

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

Current Listings in Folsom, CA: June 2009

June 17, 2009 By Ryan Lundquist Leave a Comment

What can you purchase a property in Folsom, CA for these days? As of today there are 273 listings on the market per MLS. The low listing is $209,000 and the high price is $2,500,000. There are currently 43 properties under $300,000 and from the graph it looks like there are quite a few hovering around the $400,000 level.

Folsom CA Listings June 2009

You are welcome to contact me (Ryan) at 916-595-3735 or by email at LundquistCompany@gmail.com for any questions about Folsom or beyond.

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Filed Under: Market Trends Tagged With: Current Listings in Folsom June 2009, Folsom FHA Real Estate Appraiser, Folsom Home Appraiser, Folsom House Appraiser, Folsom Properties for Sale June 2009, Folsom Real Estate Appraisal, Folsom Real Estate Appraiser, Folsom Real Estate Market Trends, Property Value in Folsom CA

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