Sacramento Appraisal Blog

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Market Trends

What is the Unemployment Rate in El Dorado County for July 2009?

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el dorado countyThe Employment Development Department publishes unemployment rates on a monthly basis. The most recent rates available are for July 2009. EDD usually takes about three weeks or so to publish data from the previous month, so rates for August should be out in the next ten days.

The overall rate of unemployment in El Dorado County is 11.8%. If you have interest to compare other county/city unemployment rates, see previous posts on Sacramento, Placer, and San Joaquin & Solano counties.

Cameron Park CDP   8.2%

Diamond Springs CDP   14.5%

El Dorado Hills CDP    7.0%

Georgetown CDP   20.0%

Placerville city   17.2%

Pollock Pines CDP   13.3%

Shingle Springs CDP   8.7%

South Lake Tahoe city   15.8%

Please let me know if you have any questions. You are welcome to call me at 916-595-3735 or email at ryan@lundquistcompany.com.

www.SacramentoAppraisalBlog.com What is the Unemployment Rate in El Dorado County for July 2009?

Market Trends in the City of Lincoln (Placer County, CA)

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I am working on an appraisal right now in the city of Lincoln. I am running some general data for the entire city and figured I’d share it here. I like to compile city-wide data and then most-importantly, neighborhood specific data. This helps me see the overall market in which the neighborhood is located, as well as the neighborhood itself.

What do you notice below on the trend graph? Does it look like there is a slight upswing on the bottom right corner? Take a peak at some other recent graphs on my blog and see if you can find this same phenomenon elsewhere. What do you think this means?

City of Lincoln Real Estate Sales September 2009 Trend Graph by Lundquist Appraisal

Lincoln, CA Real Estate Market Trends:

  • 978 sales over the past 12 months
  • 45% of 978 sales were bank-owned (REO)
  • 20% of 978 sales were short sales
  • 272 sales over the past 90 days
  • 199 current active listings
  • 247 current short sale listings
  • 159 current pending properties
  • Lincoln unemployment rate is 20.1% for July 2009 (was 19.3% in May ‘09)

The information above is based on Sacramento Area Metrolist for single family residential detached properties. The graph includes sales under $1,000,000 because there were few sales above $1,000,000. If you have a need for further research or more in-depth analysis or a valuation report, contact me at 916-595-3735 or ryan@lundquistcompany.com.

www.SacramentoAppraisalBlog.com Market Trends in the City of Lincoln (Placer County, CA)

City of Ripon Real Estate Market Trends: Past 3 Years of Sales in MLS

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A quick post. What’s been happening in the Ripon real estate market over the past several years? The city of Ripon is located in Southern San Joaquin County just North of the Stanislaus County line. The trend graph below accounts for all sales in MLS over the past three years (detached single family residential properties only).

City of Ripon Sales 2006 to 2009 Real Estate Trend Graph Lundquist Appraisal

What do you notice in the trend graph? Does anything stand out to you? Feel free to comment above. If you have any questions, don’t hesitate to call 916-595-3735 or email info@lundquistcompany.com.

www.SacramentoAppraisalBlog.com City of Ripon Real Estate Market Trends: Past 3 Years of Sales in MLS

How Many Bank-Owned Properties Sold in the City of Auburn Last Year?

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025It always interests me to run data to see how many of the sales in an area or city were bank-owned or short sales over a certan time period. This type of information is just one piece of the puzzle for observing the health of lack thereof in a real estate market. Generally speaking, the lower the rate of foreclosure, the better off it is for the market.

City of Auburn Real Estate Data as of August 28, 2009:

  • 30% of sales over the past year were bank-owned properties
  • 11% of sales over the past year were short sales

It seems unfortunate to think that 3 out of every 10 sales within the city of Auburn were bank-owned properties, but at the same time, when we compare this rate to other places in the region, it’s important to keep things in perspective. For example, the city of Roseville saw 39% of its sales over the past year as bank-owned and 18% as short sales. Rocklin had 36% of its total sales sell as foreclosures and 19% as short sales. Newcastle came in higher at 40% of sales being bank-owned and 16% of sales being short sales (it’s important to keep in mind, however, that there were only 45 sales in Newcastle and less data can skew results). Or at an extreme in the Region as a whole, take the city of Los Banos in the Central Valley. I mentioned in a previous post that 89% of sales over the past year in Los Banos were foreclosures and 4.5% were short sales.

The data above is based on information provided in Sacramento MLS for single family detached residential properties having sold within one year of 08/28/2009.

www.SacramentoAppraisalBlog.com How Many Bank-Owned Properties Sold in the City of Auburn Last Year?

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