Are you in or out? It could make a huge difference in property value whether you live in a certain neighborhood or not. A boundary line for a neighborhood could include anything from a street, park, city or county line, different design of houses, train tracks, commercial district, etc… Whatever it is that separates one neighborhood from another is very significant to be aware of because real estate is about location, location, location.

Let’s take a look at the Tahoe Park area of Sacramento. What are the boundaries to Tahoe Park? As you may know, the Tahoe Park neighborhood is comprised of four sections as shown below. You can read more about these four sections of Tahoe Park from a previous post.

Let’s think further about the neighborhood boundaries above. If you are local, do you see any big value differences between some of the bordering areas such as Tallac Village, Colonial Heights, Elmhurst, Oak Park or UC Med Center? Some of these portions are competitive or more similar to each other, but others are VERY different neighborhoods despite sharing a street border such as Stockton Blvd.

What sort of boundaries have you seen make a big difference in real estate values in the real estate market? Maybe you’re thinking of a certain dividing street, a freeway, or a newly constructed subdivision in the midst of an older tract. Or think of the home you grew up in as a child. What boundaries do you think defined that neighborhood?

Let me know if you have any questions. Feel free to call me at 916.595.3735 or ryan@LundquistCompany.com.

What’s the latest in the “Tahoe Park” market in Sacramento? Below is some basic data based on information from Sacramento MLS as of 10/28/09. The points on the graph represent sales within the entire Tahoe Park neighborhood – all four sections.  I wrote previously about the different areas of Tahoe Park HERE as well as a look at thirty-six months of the market in Tahoe Park.

Tahoe Park Real Estate Market Data:

• 36 sales over the past 90 days (07/28/09 – 10/28/09)
• 15 current Active listings
• 17 current Active Short Sale listings
• 26 Pendings
• Low sale in past 90 days: $67,000
• High sale in past 90 days: $349,500

This graph is a bit interesting. It looks almost like a fork that represents two different segments of the market – a lower end and a higher end. So what does each of those lines represent? Now there is a great question worth exploring. Any thoughts? Let me know if you have any questions or a need for further research. Call me at 916-595-3735 or email ryan@lundquistcompany.com.

www.SacramentoAppraisalBlog.com  “Tahoe Park” Real Estate Market Data in Sacramento: The Past 90 Days

“Tahoe Park” is an area of Sacramento off of Highway 50 and 65th street in the 95820 zip code (with one portion of the neighborhood in the 95817 zip code). The neighborhood consists mostly of single family detached ranch-style houses (some multi-units and occasional 2-story houses) and can be described with five portions as shown below. A previous post goes into detail about each of these portions.

What’s been happening in the Tahoe Park real estate market? What are properties selling for? Let’s take a look at the past three years of sales. What do you notice?

Now let’s consider the past twelve months of sales in Tahoe Park from August 2008 to August 2009. What do you see? Does anything stand out to you?

Tahoe Park Neighborhood Real Estate Market Trends:

• 95 sales over the past 12 months
• Low Price over past 12 months:  $25,000
• High Price over past 12 months:  $330,000
• Current Actives:  19
• Current Short Sale Actives:  13
• Current Pendings:  19
• 25 sales over the past 90 days
• Median Price over Past 90 Days:  $206,000

If you have any questions about Tahoe Park or the graphs and data above, please let me know. I appraise properties in Tahoe Park for purchase, refinance, estate settlement, bankruptcy, litigation and more. Please contact me at 916-595-3735 or ryan [at] lundquistcompany.com.

www.SacramentoAppraisalBlog.com Real Estate Market Trends in the Tahoe Park Neighborhood in Sacramento