A local realtor named Jesse Garcia of Keller Williams Realty interviewed me last week and the video is live today. We talked about the real estate market in Sacramento, property values, property tax appeals, and Project 680. Jesse is a good guy and I feel honored for the opportunity to chat a bit in his “Information You can Use” blog series. You can view more videos in Jesse’s series on his YouTube channel or on The Sacramento Real Estate Tube. Anyway, check it out and let me know what you think.
I’m heading to an appraisal inspection shortly in Roseville and I wanted to share some preliminary research. I find it interesting to take a panoramic glimpse of citywide data like this. What do you see in these trend graphs below? What stands out to you? The graphs are based on all single family residential sales and listings in Roseville from Sacramento Metrolist. I’d love to hear your comments below.
While on the subject of Roseville, I wanted to mention that one of my Twitter friends, Realtor Steve Ostrom of Coldwell Banker, posted an interesting video a couple of weeks ago about shadow inventory in Roseville and Rocklin. It’s interesting to look at what the numbers are saying. How many houses are in the process of foreclosure? How many loans have defaulted but not listed on the market yet? Statistics like this are very important to watch and they can be indicators of what is to come too. If you can’t see the video below, then click HERE.
I sighted something interesting the other day in a neighborhood in Rancho Cordova (next door to my house). There was a telephone pole leaning toward a single story house within fall distance. The photo almost looks “photoshopped”, but it’s not. Even if you failed geometry, it’s quite obvious that this pole is not at 90 degrees.
If I was appraising this property, this would be something I would need to mention as a potential safety hazard, don’t you think? After all, most people think a “Flat Teresa” is not a great idea in real life. Lenders would want to know about something like this too (and they always ask about high power tension lines).
The real estate market has been hot lately for investors since prices and inventory have both come down so far. I get hits everyday on my website and blog from keywords and phrases such as “duplex bank-owned properties in Sacramento”, or “residential-income units”, or “quadruplex for sale Sacramento”. People are looking to buy and the competition has been fierce lately, hasn’t it?
I figured it might be helpful to provide a list of all duplex and fourplex units for sale in Sacramento County (under $200,000). This information is based on Sacramento Area MLS. Click on the following links to open a PDF file.
If you have any questions about the 2-4 residential-income market in the Sacramento area, let me know. I’m familiar with the local market and I do a good amount of work for a handful of local and Bay Area investors. Also, if you see a property in the files above, and you need the Listing Agent’s phone number or other information, I’d be happy to get that to you. Give me a call at 916-595-3735 or email me at email@example.com.