Sacramento Appraisal Blog

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.

Videos

Yelling “Timber” from the Front Yard

By 2 Comments

This past weekend I had my first taste of the lumberjack trade (sort of). Two friends came over and we chopped down a 30-40 foot tree in my front yard. This tree had a natural lean already, was no longer producing leaves, and was plagued with mistletoe. It had really become an eyesore, and I sure am glad to see it gone. This first chopping experience was actually quite fun. The clean-up on the other hand….. I could’ve lived without that. Enjoy a video below of the moment the tree fell.

 

In real estate appraisal terminology, we uprooted a fixture that had no contributory value whatsover. Actually, this tree probably contributed negatively to the site since the cost for removal would be the best indicator of value.

Anatolia Neighborhood in Rancho Cordova: Sales, Pendings and Listings over the past 90 Days

By 1 Comment

What’s the latest in the “Anatolia” neighborhood in Rancho Cordova? How much are houses selling for, and what are properties currently listed for on the market? Here is a quick scatter graph based upon 07/12/09 – 10/12/09 for single family detached residential properties within the defined neighborhood boundaries for Anatolia (well, technically there are no attached units located in Anatolia, but for the casual reader, I wanted to make sure the scope of data was clarified). Please note that there are more listings and pendings on the market in Anatolia, but this graph displays only listings and pendings that came on the market after 07/12/09. The intention of the graph is to display data for what has actually ocurred in Anatolia over the past three months.

Anatolia Neighborhood Rancho Cordova Sales Actives Pendings 2009 Lundquist Appraisal Company

I know, I know, the following sounds like a shameless plug, but this is very important information to understand. As an FYI, here is a video we made regarding lowering property taxes in Anatolia. We have been able to help Anatolia home owners over the past several months put together very thorough valuation reports to contest the level of their property taxes (the report is not a full appraisal OR near the cost of a full appraisal). Keep in mind that the deadline for disputing property taxes in Anatolia is 11/30/2009. 

 

Keep us posted if you have any questions. You are welcome to comment above, call 916-595-3735 or email ryan@lundquistcompany.com.

www.SacramentoAppraisalBlog.com Anatolia Neighborhood in Rancho Cordova: Sales, Pendings and Listings over the past 90 Days

City of Galt Market Trends & the Value of Age

By Leave a Comment

Over the years I have done quite a bit of appraisal work in the city of Galt. If you are not familiar with the area, then know that Galt is located off Highway 99 in Sacramento County just North of the San Joaquin County Line and South of the city of Elk Grove. The Highway basically divides Galt into two portions (Western & Eastern), and in general the Western side contains older houses (though there are still patches of newer developments as well as many properties built in the early 1990s in particular).

The information in the graph below is based upon sales in Sacramento MLS for detached single family residential units.

City of Galt Market Trends Graph by Lundquist Appraisal Company September 2009

Instead of keeping all sales in the graph as one color, I thought it would be more interesting to plot properties built after 2000 (blue dots) against homes built before 1999 (red). What do you see in the graph? It looks like the panoramic view of sales is showing that buyers are willing to pay higher amounts for properties that are newer in age. This isn’t a revolutionary concept, but it’s interesting to see on paper. Yet at the same time one notices there are many properties built prior to 2000 that compete with the upper end of blue dots between $250-400K. Overall though, we see that the lower end of the market has fewer blue dots, doesn’t it?

I suppose if we really wanted to segment the entire Galt market in the graph, it would be most prudent to further break down age categories into something like the following: pre-1900, 1900-1940, 1940-1960, 1960-1979, 1980-1989, 1990-1999, and 2000-2009. And then we could start segmenting other factors like square footage, location, lot size, bedroom count, condition, upgrades, etc…. Okay, this is starting to sound like what I do everyday as an appraiser. 

By the way, if you have not seen our Galt video on YouTube, check it out HERE or below. The photos are original and they help to show some of the different types of property found in Galt – on both sides of the freeway. The city of Galt has some neat historical properties and also really typical tract homes.

 

Feel free to comment above or contact me at info@lundquistcompany.com or 916-595-3735 if you have any questions. If you are a Galt home owner, what is it you love about your city?

www.SacramentoAppraisalBlog.com City of Galt Market Trends & the Value of Age

The First Official Video of the Silver Horse on Marconi Avenue & Eastern Avenue in Sacramento

By 2 Comments

I think I may have produced the first official video of the new silver horse on Marconi Avenue & Eastern Avenue in Sacramento. Okay, this is not my biggest achievement in life and there will be no awards, but I definitely thought it would be fun and creative to put something together. As I mentioned in a previous post, while driving around between appraisal inspections, I stopped by the new Rite Aid shopping center on the aforementioned corner and snapped some photos. Today when I passed by this gleaming statue again, I couldn’t help but grab some more images and put them online.

I am intrigued by landmarks, architecture, neighborhood design (porches especially) and how things like this make up the feel for a neighborhood. Moreover, my career as a real estate appraiser helps me to continually analyze the appearance of neighborhoods and properties.

Enjoy the video on the Lundquist Apppraisal YouTube page or below.

www.SacramentoAppraisalBlog.com The First Official Video of the Silver Horse on Marconi Avenue & Eastern Avenue in Sacramento

Skip to content