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.

Is there a connection between the Sacramento Kings and property value?

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The talk of the town has been whether the Sacramento Kings will stay in Sacramento or move to a different arena in Southern California (Anaheim). I won’t rehash all the details here, but I did want to compare the past thirteen years of the Kings’ NBA seasons with the market median price in Sacramento over that same time period. Is there a connection between NBA wins and property value? What do you see?  

Let me make it clear that I don’t really believe there is any connection whatsoever between property value and how well the Sacramento Kings have done. I just find it interesting to think about out of the ordinary faux-indicators for real estate. When we do analyze the graphs above though, there is a similar trend with property values beginning to decline in 2005 and the Kings slipping to either 4th or 5th place from 2005 onward. It seems as if both home prices in Sacramento and our NBA team reached their peak in 2005. Also, when the Kings began to play extremely well for four seasons beginning in 2001, the real estate market was booming in Sacramento. There is even evidence of a slight uptick in each graph above for the most recent years. Median price graph by Wright Real Estate. Coincidence or not, you be the judge.   🙂 

What sort of impact will it have on the Sacramento area if the Kings do leave?

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook.

What’s going on with your neighbor’s front yard?

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I came across an interesting front yard recently while snapping comp photos during an appraisal inspection in West Sacramento. None of the eclectic lawn decor is actually fixed to the ground, so it’s considered personal property and could easily be removed. But situations like this bring up the principle of conformity in real estate, and cause us to ask questions. Could it impact market value when the front yard presentation doesn’t fit with the look of the rest of the neighborhood? Would an atypical lawn potentially dissuade you from purchasing the house next door? What might decorations like this do for relationships with neighbors – both good and bad?

Comments are welcome below. I’d especially like to hear from home owners as well as real estate agents. Share your story.

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook.

Interview: Unpacking the real estate investment market in Sacramento

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Part 1 of 3: I sat down with Real Estate Broker Joel Wright recently to discuss investment in Sacramento real estate. We hit on topics such as property value, inventory, the bubble burst, rent levels and opportunities for investors right now. Joel really knows his stuff and he’s honest. Watch the video below (or here), check out The Wright Report and let me know if you have any questions.

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our appraiser website or via Facebook.

The trend of sales in Rancho Cordova in Anatolia, Stone Creek and the entire 95670 Zip Code

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What’s the difference between Stone Creek, Capital Village, Anatolia and the rest of Rancho Cordova? Have a look at the trend graph below of all sales over the past three years throughout the City of Rancho Cordova. Houses built before 1990 include territory north of Highway 50 as well as south too. Properties built after 1990 in the 95670 zip code basically include the Stone Creek area as well as Capital Village (most houses were built in the past ten years, though there is one development built in the mid-1990s). Lastly, the 95742 zip code includes Anatolia, Kavala Ranch and Sunridge.

What do you see? What stands out to you about differences or the overall trend?

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our company website or via Facebook.

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