Here’s a quick trend graph for you of all sales in the Pocket-Greenhaven area of Sacramento over the past three years. What stands out to you? What do you see?
Market Trends
Should the Arden-Arcade area of Sacramento become a city?
Will the Arden-Arcade area of Sacramento become a city? We shall see. There is a measure on the ballot for November 2010 that puts this important decision in the hands of residents (Measure D).
If you live in the Arden-Arcade community or have an opinion about cityhood either way, I am very curious to hear what you think, especially as it pertains to the current quality of life under Sacramento County. I’m paying close attention to this issue because it’s my professional duty to know what is happening locally, but more than that I am a resident of the newest city in the Sacramento area and my Rancho Cordova antennas are tuning in.
The image below shows boundaries for Arden-Arcade.
Links for further reading about Arden-Arcade:
Arden-Arcade Cityhood Observer (blog)
Arden-Arcade Cityhood Website
Arden-Arcade Sacramento County Website
Arden-Arcade Wikipedia
List of Arden-Arcade Council Candidates
SNR Story: Is Sacramento cracking up? 7-10-10
Sacramento Bee: In Arden-Arcade, cityhood fever heats up again 08-18-10
Stay Sacramento Facebook Page
Stay Sacramento (opposition to cityhood)
Yes on Measure “D” Facebook Group
The impact of foreclosure on a neighborhood and a few thoughts on condominiums
I inspected a condominium last week in the Hillcrest Park neighborhood in Vallejo, CA. I wanted to share a graph of sales within the subdivision over the past five years. What do you see?
While in the Hillcrest Park neighborhood, I shot the following video as I was considering the vast decline in property value and the impact foreclosure can have on a neighborhood – even beyond real estate values.
Condominium properties have been hit hard in many niches within the Greater Sacramento Region because the price of single family detached homes has become so much more affordable, and an HOA fee plus a mortgage payment often does not make good economic sense for buyers. Why pay more for a condo when you can get a detached home without an HOA fee, right? That’s often the rationale.
By the way, if you are in the market to purchase a condominium, I would strongly suggest you research the health of the HOA before making a purchase. It would be tragic to purchase a condo only to find out the association is bankrupt.
A Decade of Unemployment Rates in Sacramento County
Put on your economist hat and let’s take a look at the past decade of unemployment rates in Sacramento County based on the month of June. What do you see? Comments are welcome below.
June 2010 12.6%
June 2009 11.5%
June 2008 6.9%
June 2007 5.4%
June 2006 4.9%
June 2005 5.1%
June 2004 5.9%
June 2003 6.3%
June 2002 5.8%
June 2001 4.5%