• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

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.

  • About
  • Appraisals
  • Order
  • Ask Ryan
  • Areas
  • Classes
  • Press
  • Trends
  • Share
  • Contact

midtown sacramento condos

The L Street Lofts, Kevin Martin & Condo Sales

April 20, 2011 By Ryan Lundquist 1 Comment

It’s Day 3 of “Condo Week” on the Sacramento Appraisal Blog, so let’s take a look at all condominium sales in the City of Sacramento in Downtown and Midtown over the past three years. You can see all condo sales in a previous post if you wish to see the overall context of the condo market. What do you see in the graph below?

Most of the higher condominium sales over the past three years are from the L Street Lofts in Midtown Sacramento. These lofts have quite a selling range depending on floor location, view and size of course. Between the lofts not being listed on the market between June 2008 to the end of 2009, a challenging real estate market in general, and difficulties for buyers to obtain financing in this development, there have been few loft sales as shown above. Per conversation this week with Michael Onstead of Coldwell Banker, there were many buyers lined up to purchase lofts, but financing stood in the way. With that being said, imagine the graph above with more sales at higher levels. That could change the overall look of the trend line, couldn’t it?

Right now the lofts on L Street are typically listed between $300,000 to $600,000 for the most part (that doesn’t include penthouse lofts though). If you’re local, you’ve probably seen or read stories about the L Street Lofts having gone into foreclosure. Hopefully this unique project will be able to resume their sales program soon. 

As an FYI, former Sacramento Kings basketball player Kevin Martin is currently selling his penthouse loft on L Street. He paid $1,340,000 in September 2008 and it is currently listed as pending in MLS at $899,000. This is one beautiful property!!

What is your favorite condominium development in Sacramento? Why?

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook. 

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Market Trends Tagged With: #herewebuild, #herewestay, appraiser in Sacramento, Condo Week, condoweek, downtown sacramento condos, here we build, Kevin Martin NBA, Kevin Martin's Sacramento Condo, L Street Lofts, midtown sacramento condos, sacramento appraisers, Sacramento condominiums, Sacramento Kings, trend graph of condo sales

Primary Sidebar

Connect with Ryan

 Facebook Twitter LinkedIn YouTube Pinterest

Subscribe to Weekly Post

* indicates required

Search this site

Blog Categories

  • Appraisal Stuff (401)
  • Bankruptcy (3)
  • Divorce (4)
  • Estate Settlement (6)
  • FHA Appraisal Articles (56)
  • Internet (53)
  • Market Trends (439)
  • Photos from the Field (126)
  • Property Taxes (70)
  • Random Stuff (225)
  • Resources (560)
  • Videos (161)

Blog Archives: 2009 – 2019

Lundquist Appraisal Links

  • Appraisal Order Form
  • Appraisal Website
  • Rancho Cordova Appraiser Website
  • Sacramento Appraisal Blog Sitemap
  • Sacramento Real Estate Appraiser Facebook Page
  • Twitter: Sacramento Appraiser (@SacAppraiser)
  • YouTube: Sacramento Appraiser Channel

Most Recent Posts

  • My real estate mind never shuts off
  • How might rent control affect the housing market?
  • Street names & hot stats with an asterisk
  • Thoughts on PG&E and the housing market
  • That place where shiplap & murder meet
  • Does the market really change every seven years?
  • When sellers care too much about the Zestimate
  • Zillow has officially entered the market
  • Not everything is getting multiple offers
  • When 1,000 square feet doesn’t count

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.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

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.

There are no affiliate links on this blog, but there are three advertisements. Please do your homework before doing business with any advertisers as advertisements are not affiliated with this blog in any way. Two ads are located on the sidebar and one is at the bottom of each post. The ads earn a minor amount of revenue and are a simple reward for providing consistent original content to readers. If you think the ads interfere with your blog experience or the integrity of the blog somehow, let me know. I'm always open to feedback. Thank you again for being here.

Copyright © 2019 Sacramento Appraisal Blog