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Vintage Park decline in property value

Vintage Park Area of Sacramento (95828 and 95829 zip codes)

June 15, 2009 By Ryan Lundquist Leave a Comment

The Vintage Park area of Sacramento is located just North of the city of Elk Grove (Calvine Road) off of Elk Grove Florin Road. The Western side of Elk Grove Florin Road is the 95828 zip code and has homes that were constructed originally with wood shake roofs and built in the late 80s to early 90s typically. Below is an image of the neighborhood boundaries of the 95828 Vintage Park area.

Vintage Park 95828

Vintage Park Real Estate Market Data in 95828 zip code:

  • 27 sales over past 90 days
  • 8 current active listings
  • 14 current short sale active listings
  • 21 current pending listings
  • Low Price over past 90 days:  $102,500
  • High Price over past 90 days:  $205,000
  • Median Price over past 90 days:  $149,000

East of Elk Grove Florin Road is the 95829 zip code and this portion of housing is really a different real estate market than the 95828 portion of Vintage Park as houses are often several years newer and have tile roofing.

Sacramento 95829

95829 Zip Code Real Estate Market Trends:

  • 68 sales over past 90 days
  • 11 current active listings
  • 55 current short sale active listings
  • 44 current pending listings
  • Low Price over past 90 days:  $111,000
  • High Price over past 90 days:  $295,000
  • Median Price over past 90 days:  $170,000

The graph below records all sales in the 95828 zip code (red) and all sales in the 95829 zip code (blue) as shown above in the defined boundaries. What do you notice? What stands out to you?

Sacramento Vintage Park 95828 and 95829 zip codes

Elk Grove Florin Road is the dividing street between both of these areas and overall it appears that there is a difference in median price level as well as inventory in the 95828 and 95829 zip codes. It’s always interesting to see how crossing one major street can make a difference in real estate data and potentially home values. This is not a situation where one of the zip codes above is the “other side of the tracks”, but we do see a principle at hand that the best comparables are usually those closest to home because the further away you go (even just across one main street), the more likely you are to enter into other markets. If you have any questions or a need for more detailed research or a real estate appraisal, please contact me (Ryan) at 916-595-3735 or LundquistCompany@gmail.com

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Filed Under: Market Trends Tagged With: 95828 vs 95829 property values, 95829 Real Estate Appraiser, Churchill Downs Real Estate Appraiser, Property Value in the 95828 zip code, Property value in the 95829 zip code, Property Value in the Vintage Park Neighborhood of Sacramento, Vintage Park decline in property value, Vintage Park Estate Settlement, Vintage Park FHA Appraisal, Vintage Park Home Appraiser, Vintage Park House Appraiser, Vintage Park Neighborhood, Vintage Park Property Values, Vintage Park Real Estate Appraisal, Vintage Park Real Estate Appraiser

Vintage Park Real Estate Market in Sacramento

February 22, 2009 By Ryan Lundquist Leave a Comment

It’s interesting to take a look at what the market is doing in a neighborhood by comparing sales over the past months as well as current listings. Here is a graph I made this afternoon on current sales over the past year within the Vintage Park neighborhood in the Sacramento area (95828 zip code only – not 95829). The blue dots are sales and the red dots are current listings. Click the following thumbnail image to enlarge:

vintage-park-trends-sacramento1

Vintage Park Neighborhood Data: 

  • 56 current listings
  • 64% of current listings are bank-owned
  • 21% of current listings are short sales
  • 5 listings priced under $125K
  • 13 listings priced between $125-150K
  • 12 listings priced between $150-175K

The data was taken from Sacramento MLS and is based upon detached single family residential properties within the following boundaries: Calvine Road to the South, UP RR to the West, Elk Grove Florin Road to the East, & Vacant Land to the North.

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Filed Under: Market Trends Tagged With: 95828 Zip Code, 95828 Zip Code Property Values, 95829 Zip Code Property Values, Market Trends, Property Value in the 95828 zip code, Property value in the 95829 zip code, Property Value in the Vintage Park Neighborhood of Sacramento, Sacramento, Sacramento Appraisal, Sacramento Appraiser, Sacramento Decline in Property Value, South Sacramento Property Values, Vintage Park decline in property value, Vintage Park Neighborhood, Vintage Park Property Values, Vintage Park Real Estate Appraiser

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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.

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