• 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

rancho cordova decline in property value

New Foreclosures Coming in Sacramento Region: Comparing Data in RealQuest & Realist

March 17, 2009 By Ryan Lundquist Leave a Comment

072308ins006aOne of the key factors for our market to improve and get back to “normal” is for the oversupply of foreclosure properties to be absorbed. Basically, it’s a messy real estate market out there in the Sacramento Region, and the mess has to be dealt with to move on.

Sacramento MLS allows us to analyze past sales as well as current listings to see how many properties sold as bank-owned or short sales and so on. What about future listings though? How many foreclosures will be coming to the market? Two interesting data sources for this type of information are Realquest and Realist.

RealQuest provides a free service online for anyone to view properties which are in “Pre-foreclosure” (coming soon to the market unless something happens to stop them – loan modification, catch up on payments, legislation, act of God, etc…), “Auction” (you’ve seen the commercials for the auction properties where “there are 2000 properties to sell off and they MUST sell this weekend”), and “Bank-Owned” (yes, the bank has title already).

This is what RealQuest looks like when doing a property search:

folsom-realquest1

Realist is also a service of First American Core Logic and is commonly known as “Tax Records” for Sacramento Metrolist Subscribers (a paid service). Realist has a new “foreclosure activity” search feature that covers the same categories that RealQuest does. But when looking up data in both RealQuest and Realist, there is definitely a difference. Sometimes the data is very similar, but other times the figures are way off. This may be due to the way RealQuest and Realist categorize their information as well as the difference between a free service (RealQuest) and a paid service (Realist). Ultimately there could be a number of factors why the data is so different, but it’s not the purpose of this post to go into depth about that. The real thrust here is to show that there is a new wave of foreclosure properties coming and we ought to be prepared for that. Let’s continue to be full of hope as well as avoid a lifestyle of worrying, but let’s keep an eye on what is going on.

Market Data from RealQuest & Realist:

City of Folsom in Sacramento County

  • Preforeclosure Properties: 296 (RealQuest) 186 (Realist)
  • Auction Properties: 46 (RealQuest) 79 (Realist)
  • Bank-Owned Properties: 158 (RealQuest) 262 (Realist)

City of Citrus Heights in Sacramento County

  • Preforeclosure Properties: 309 (RealQuest) 435 (Realist)
  • Auction Properties: 57 (RealQuest) 161 (Realist)
  • Bank-Owned Properties: 134 (RealQuest) 330 (Realist)

City of Orangevale in Sacramento County

  • Preforeclosure Properties: 136 (RealQuest) 145 (Realist)
  • Auction Properties: 26 (RealQuest) 45 (Realist)
  • Bank-Owned Properties: 126 (RealQuest) 128 (Realist)

City of Rancho Cordova in Sacramento County

  • Preforeclosure Properties: 245 (RealQuest) 256 (Realist)
  • Auction Properties: 32 (RealQuest) 107 (Realist)
  • Bank-Owned Properties: 223 (RealQuest) 298 (Realist)

City of Fairfield in Solano County

  • Preforeclosure Properties: 309 (RealQuest) 710 (Realist)
  • Auction Properties: 51 (RealQuest) 283 (Realist)
  • Bank-Owned Properties: 140 (RealQuest) 745 (Realist)

City of West Sacramento in Yolo County

  • Preforeclosure Properties: 232 (RealQuest) 225 (Realist)
  • Auction Properties: 109 (RealQuest) 114 (Realist)
  • Bank-Owned Properties: 159 (RealQuest) 207 (Realist)

NOTE: The discrepancy in the data above would be very important to research and explain if the data was actually used in an appraisal report or to support value conclusions in any way. It is very important to use the best available data in an appraisal report because solid value must be based upon reliable information.

The data above was really provided as an FYI for those who may be interested. Since RealQuest provides a free service too, go spend a few minutes on their website, see what you can find, and draw your own conclusions about reliability.

If you have any questions or potential appraisal needs, please contact me at 916-595-3735 and www.lundquistcompany.com

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: Appraisal Stuff Tagged With: Citrus Heights Foreclosures, Citrus Heights Home Appraiser, Citrus Heights Market Trends, Citrus Heights Property Values, Citrus Heights Real Estate Appraisal, Citrus Heights Real Estate Appraiser, Fairfield Foreclosures, Fairfield Home Appraiser, Fairfield Market Trends, Fairfield Real Estate Appraisal, Fairfield Real Estate Appraiser, Folsom Home Appraiser, Folsom Market Trends, Folsom Property Values, Folsom Real Estate Appraisal, Folsom Real Estate Appraiser, Foreclosures in Folsom, Foreclosures in Rancho Cordova, Orangevale Appraisal, Orangevale Appraiser, Orangevale Foreclosures, Orangevale Home Appraiser, Orangevale Market Trends, Orangevale Property Values, Orangevale Real Estate Appraiser, Rancho Cordova, Rancho Cordova Appraisal, Rancho Cordova Appraiser, rancho cordova decline in property value, Rancho Cordova Home Appraiser, Rancho Cordova Home Values, Rancho Cordova Real Estate Appraisal, Rancho Cordova Real Estate Appraiser, Sacramento Appraisal, Sacramento Appraiser, Sacramento Decline in Property Value, Sacramento Real Estate Appraisal, Sacramento Real Estate Appraiser, West Sacramento Foreclosures, West Sacramento Home Appraiser, West Sacramento Market Trends, West Sacramento Property Values, West Sacramento Real Estate Appraiser

Capital Village in Rancho Cordova

March 14, 2009 By Ryan Lundquist 4 Comments

Here are some images from the field today in the “Capital Village” neighborhood within the City of Rancho Cordova. Capital Village is a new and ongoing project by Beazer Homes. It is distinct locally because of its mixed-use concept and unique design (small lots, 1 to 3 stories, units attached or detached, flat or pitched roofing, vibrant or earth-tone colors, close proximity to commercial retail, two parks…).

Vibrant Colors & Unique Design: 

capital-village-rancho-cordova-3

View of one of the local parks and detached units in background:

capital-village-rancho-cordova-2

Construction is currently ongoing within Capital Village.

capital-village-rancho-cordova-1

In the words of Beazer Homes:

Located in Rancho Cordova, off Zinfandel Drive just south of Highway 50, Capital Village is a progressive new home community featuring a combination of various architectural designs, several popular retail stores and restaurants, a mixed-use town center, numerous parks, a water feature and more! Urban living meets true suburban comfort at the new Capital Village community by Beazer Homes.

Capital Village Links:

  • Capital Village Blog
  • Beazer Homes Website
  • Capital Village Video Tour by Lundquist Appraisal

If you are a Capital Village home owner, what is it that drew you to this community? And what do you think now that you are there? What commercial retail shops do you want to see come into your neighborhood?

If anyone has appraisal-related questions pertaining to Capital Village, let me know. I am experienced with appraising properties in the Capital Village market as well as the nearby “Stone Creek” area of Rancho Cordova. I can be reached at 916-595-3735 or www.ranchocordovaappraiser.com  And no, I am not paid to advertise Capital Village. I simply mention things I think I worthy of mentioning.

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: Random Stuff Tagged With: Capital Village FHA Real Estate Appraisal, Capital Village FHA Real Estate Appraiser, Capital Village Home Appraiser, Capital Village Home Values, Capital Village in Rancho Cordova, Capital Village Neighborhood, Capital Village Property Values, Capital Village Real Estate Appraisal, Capital Village Real Estate Appraiser, Rancho Cordova, Rancho Cordova Appraisal, Rancho Cordova Appraiser, rancho cordova decline in property value, Rancho Cordova Home Appraiser, Rancho Cordova Home Values, Rancho Cordova Property Values, Rancho Cordova Real Estate, Rancho Cordova Real Estate Appraisal, Rancho Cordova Real Estate Appraiser, Rancho Cordova Real Estate Market Trends

The Anatolia Market in Rancho Cordova: Past 90 Days

March 4, 2009 By Ryan Lundquist Leave a Comment

What has been happening in the Anatolia real estate market lately? Anatolia is a planned community located in the Southern territory of Rancho Cordova near Sunrise Blvd. & Douglas Rd. 

Over the past 90 days there have been 93 sales within the Anatolia market area (95742 zip code of Rancho Cordova). These sales are depicted below on the graph:

anatolia-rancho-cordova-past-90-days

There are currently 92 available properties in the Anatolia market (per MLS). It is possible that not all builders within Anatolia are listing their properties on MLS, though it is typical for them to do so in today’s market).

anatolia-rancho-cordova

Anatolia Neighborhood Data in Rancho Cordova, CA:

  • 92 current Active listings (Active, Active Short Sale)
  • 48 current Pending Listings
  • 93 sales over past 90 days
  • Median Price over past 90 days: $300,000
  • Low Sale over past 90 days: $170,000
  • High Sale over past 90 days: $513,000

The information above can be informative to the casual reader who is interested in local data, for the Anatolia home owner, and also for prospective home owners. If you are pondering the data and have questions or any sort of potential appraisal needs, please comment above or contact me at 916-595-3735 or www.lundquistcompany.com

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: 95742 Zip Code, 95742 Zip Code of Rancho Cordova, Anatolia Neighborhood in Rancho Cordova, Anatolia Property Values, Anatolia Real Estate Appraisal, Anatolia Real Estate Appraiser, Anatolia real estate market, Home values in Anatolia, Home values in Rancho Cordova, Rancho Cordova, Rancho Cordova Appraisal, Rancho Cordova Appraiser, rancho cordova decline in property value, Rancho Cordova Home Values, Rancho Cordova Real Estate Appraisal, Rancho Cordova Real Estate Appraiser

Lowering Your Property Taxes (Greater Sacramento Region)

March 3, 2009 By Ryan Lundquist Leave a Comment

Many local residents are wondering if they’ll need to contest their property taxes this year. Will the assessed value from the Sacramento Assessor be accurate? Will it take into consideration the substantial decline in last year’s market? Hopefully so.

appraisalpichousebigger1Each local county has specific steps for home owners to follow to contest their property taxes if the owner feels the Assessor did not get it right. There are basically four steps to follow to appeal your property taxes as I have outlined in an article I wrote, “The Skinny on Lowering Property Taxes.” During this process the home owner is asked by the local Assessor’s Office to offer evidence for a lower opinion of value than what the Assessor came up with, but since not all home owners can provide that themselves, property owners sometimes need to hire a credible and local specialist to help provide solid and convincing evidence for the true value of their property. As a licensed and experienced real estate appraiser based in Sacramento, part of the supporting evidence I offer for home owners includes graphs of market trends, standing before the appeals board on your behalf, charts, convincing data and analysis, the best available comparable properties, and among other things, other properties that are not comparable but may have been used to support the Assessor’s value.

For your reference and in case you own rental properties in other counties, here is a list of Assessor websites for 10 Counties in the Greater Sacramento Region, Central Valley, & Bay Area:

  • Sacramento County Assessor’s Website
  • Placer County Assessor’s Website
  • Yolo County Assessor’s Website
  • El Dorado County Assessor’s Website
  • San Joaquin County Assessor’s Website
  • Stanislaus County Assessor’s Website
  • Merced County Assessor’s Website
  • Sutter County Assessor’s Website
  • Yuba County Assessor’s Website
  • Solano County Assessor’s Website

As a Sacramento-based real estate appraiser, I may be able to help you in this process. Please let me know if I can be of any assistance. You can reach me at 916-595-3735.

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: Property Taxes Tagged With: contesting property taxes in Greater Sacramento Region, decline in property value in El Dorado County, decline in property value in Merced County, decline in property value in Placer County, decline in property value in Sacramento County, decline in property value in San Joaquin County, decline in property value in Solano County, decline in property value in Stanislaus County, decline in property value in Sutter County, decline in property value in Yolo County, decline in property value in Yuba County, how to appeal property taxes in El Dorado County, how to appeal property taxes in Merced County, how to appeal property taxes in Placer County, How to appeal property taxes in Sacramento County, how to appeal property taxes in San Joaquin County, how to appeal property taxes in Solano County, how to appeal property taxes in Stanislaus County, how to appeal property taxes in Sutter County, how to appeal property taxes in Yolo County, how to appeal property taxes in Yuba County, Lowering Property Taxes, rancho cordova decline in property value, Sacramento Appraisal, Sacramento Appraiser, Sacramento County Assessor, Sacramento Real Estate Appraisal, Sacramento Real Estate Appraiser, The Skinny on Lowering Property Taxes

  • « Go to Previous Page
  • Go to page 1
  • Go to page 2
  • Go to page 3
  • Go to Next Page »

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