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North Highlands

The Golden State Killer’s house, selling lower, & price changes

December 17, 2019 By Ryan Lundquist 22 Comments

I have three things on my mind today. Let’s look at the accused Golden State Killer’s house, a new visual I’m testing out, and some fresh stats.

Huge thanks: First off, thank you for reading my blog this year. This will be my last post of 2019, so I wanted to say I’m truly honored to have you here and I hope you’ll continue to journey with me into the new year. As always, I’m open to your ideas too, so hit me up if you have topics in mind.

GOLDEN STATE KILLER: There’s no holiday cheer with this topic, but we’ve been wondering what would happen if the accused Golden State Killer’s house came to the market. Well, now we know. Sort of. This property sold as a private sale to an FHA buyer a few weeks ago. The SacBee did a piece on it here.

What do you notice about the final price?

Unfortunately the home wasn’t sold on MLS, so we don’t really know the details of how the price was established, but it clearly sold at the lower end of the market. Was the low price due to stigma? Could it be due to condition or lack of upgrades? Or maybe it was the owner selling at a discount? We may never know the details, but it’s interesting nonetheless to see.

House History: It’s sobering to think Joseph James DeAngelo, the accused killer (aka East Area Rapist), was pursuing the “American dream” of home ownership while destroying people’s lives. Here’s a history of the house:

  • 1980: Bought the house for $77,000
  • 1993: Refinance
  • 2003: Refinance
  • 2012: Refinance
  • 2019: Private transfer to family member
  • 2019: Private sale for $320,000

SELLING LOWER (NEW GRAPH): I’m testing out a new graph and I wanted to see what you think. Here’s a look at Roseville and East Sacramento. Would you like to see other neighborhoods? The goal is to see how close a property sells to the original list price vs how long it’s on the market. Thanks Braden Gustafson, MAI for the graph inspiration on Twitter.

The takeaway? The longer a property sits on the market, the further it sells from its list price. I know this is what we’d expect to see, but it’s still cool to visualize. By the way, I used the original list price instead of the most recent list price because it’s a more complete picture of the market.

PRICE CHANGE IN NEIGHBORHOODS: Last week I pulled some stats to prepare for an interview with Channel 10 about price dynamics in Oak Park. So I crunched numbers in about a dozen neighborhoods to help get a wide view of both higher and lower-priced areas.

The Sacramento Bee actually did a piece on my stats too.

I looked at both the dollar change and percentage change on purpose as this helps give a well-rounded view of the market. I also looked at huge chunks of data too as this compared almost an entire year in 2012 vs the same time in 2019. The problem with neighborhood data is if we look at one month only, the numbers can end up being all over the place. 

NOTE: If you want this data in a PDF, just send me an email.

Again, thank you for being here. From my family to yours, Merry Christmas and Happy Holidays. In coming weeks I hope you get a little time off to connect and reflect. Blessings to you.

Questions: Would you feel comfortable buying this house? Would you expect a discount? Any thoughts on the new graphs or price stats? Anything to add?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

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Filed Under: Random Stuff, Resources Tagged With: 95757 zip code, 95824 Zip Code, appraisal in Sacramento, Del Paso Heights, East Area Rapist, East Sac, Golden State Killer, Golden State Killer house, Meadowview, neighborhood price change, North Highlands, Oak Park, original list price, Roseville, Sacramento Appraiser, sales to list price ratio

North Highlands Real Estate Market Trends / Loan Modification in Sacramento Region

April 15, 2009 By Ryan Lundquist Leave a Comment

North Highlands is a census-designated place in Sacramento County just South of Antelope, East of Rio Linda, West of the Foothill Farms area and generally surrounded by Sacramento. 

What’s been happening in the North Highlands real estate market lately?

north-highlands-real-estate-market-trends-2009

North Highlands Real Estate Market Data (entire area):

  • 738 sales in past 12 months
  • 163 sales in past 90 days
  • Median Price over past 12 months: $108,900
  • 83 current Pending listings
  • 32 current Active listings
  • 89 current Short Sale Active listings

Let’s take a closer look in North Highlands in a particular area typically called “Larchmont Village” or “McClellan Meadows”. Below is a map of this defined area.

north-highlands-real-estate-market-trends-2009-map

The trend graph and data below represent the area of North Highlands as pictured above in the map.

north-highlands-market-area-larchmont-village-and-mclellan-meadows-subdivisions

Larchmont Village / McClellan Meadows Market Data:

  • 200 sales over past 12 months
  • 49 sales over past 90 days
  • 25 current Pending listings
  • 8 current Active listings
  • 23 current Short Sale Active listings
  • Median Price over past 12 months: $105,000

Short Sales & Loan Modification:

When observing the data above in both the overall trend of North Highlands and a look at a specific neighborhood (Larchmont), it seems clear that the trend has been a declining market. It seems evident too that the current prices are becoming more attractive to buyers since there are a good deal of current pendings in comparison to the level of active listings.

One important observation to consider also is that there are more short sale listings than active listings (active listings are regular non-distressed properties or bank-owned homes). Short sales generally tend to stay on the market for a longer period of time and/or are less appealing for local buyers. Sometimes agents and buyers avoid short sales because they can be time-consuming or unfruitful to get an offer accepted in a timely manner. In light of this, it is common for many short sales to end up in foreclosure. So when we see a higher amount of short sales in an area, it is a bit of a red flag unless the market readily absorbs short sales (it does not appear to be the case here).

If you are potentially facing foreclosure, it is important to communicate with your bank or lender and find out what your options are. Sometimes banks are willing to modify the rate and terms of your loan, so that can be an excellent option to explore. If that is the case, you can always present your bank with a current and detailed appraisal to show them what the true value of your home is. I would be happy to help you with the appraisal process by providing you with a detailed analysis of your house and neighborhood so that the bank can see clearly what values are doing in your area.

You are welcome to call me at 916-595-3735, see my company website at www.lundquistcompany.com, or email me at ryan [at] lundquistcompany [dot] com. Whether you live in North Highlands or anywhere in the Sacramento Region, if I am able to help you, I will be glad to do so.

Lastly, the Sacramento Housing and Redevelopment Agency has excellent resources for home owners facing foreclosure. Please see www.shra.org for details.

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Filed Under: Appraisal Stuff, Market Trends Tagged With: avoid foreclosure through loan mofidication in sacramento region, contest taxes in North Highlands, FHA appraiser in North Highlands, how to find an appraiser for loan modification, Loan Modification Appraisal, Loan Modification Appraiser in Sacramento Region, Loan Modification in North Highlands, need appraiser in North Highlands, North Highalnds decline in property value, North Highlands, North Highlands Appraisal, North Highlands Appraiser, North Highlands Home Appraiser, North Highlands Home Values, North Highlands House Appraiser, North Highlands Property Values, North Highlands Real Estate Appraiser, order an appraisal in North Highlands, protest property taxes in North Highlands, SHRA, tax appeal in North Highlands, what is my home worth in North Highlands

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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.

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.

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