Market trends and 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.
I thought this might interest anyone living or considering purchasing in the 95828 zip code of Sacramento. What do you see? What stands out to you about this trend graph? All sales are based on information provided in Sacramento MLS (single family detached sales only).
Builders were really cranking out houses throughout the Sacramento Region during the housing boom a few years back. I remember 5+ years ago going to virtually any builder website and seeing pockets of projects they had going on from Merced County to Sutter County. The market was hot, profit was ripe, and prices were high too.
I happened to be on Beazer’s website today and I noticed they only have one project right now in the Sacramento Region (Capital Village – as shown below). Times certainly have changed, haven’t they? I know, I know, this is not great news. So let me give you something uplifting to end on. If you are feeling discouraged about life and the housing market, give local real estate broker Keith Klassens’s recent post a read.
A local realtor named Jesse Garcia of Keller Williams Realty interviewed me last week and the video is live today. We talked about the real estate market in Sacramento, property values, property tax appeals, and Project 680. Jesse is a good guy and I feel honored for the opportunity to chat a bit in his “Information You can Use” blog series. You can view more videos in Jesse’s series on his YouTube channel or on The Sacramento Real Estate Tube. Anyway, check it out and let me know what you think.
Looking at the sales history of a property can be very telling. In fact, you can often get clues into the happenings of the real estate market. Here is an interesting sales history for a Sacramento fourplex I came across in the course of a current appraisal I’m working on. This is not at all atypical because the market for residential-income properties really boomed in Sacramento (and then it fell hard too).
7/25/2000 – $110,000 sale
7/16/2002 – $278,000 sale
8/18/2004 – $435,000 sale
2/10/2005 – $459,000 sale
9/08/2008 – $377,500 sale (maybe a short sale – did not list in MLS)
5/01/2009 – $104,250 (transfer to bank – foreclosure)
7/13/2009 – $140,000 sale
What do you see? Does anything stand out to you? Let me know if you have any questions about the local real estate market or your neighborhoood. One of the things I enjoy most about my job is that I get to talk with local home owners and real estate agents about important decisions they are making.