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.

Divorce Appraisals in the Sacramento Region

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I am typing up an appraisal report right now for a divorce and I figured I’d take a minute to give a little window into one of the facets of our business. My company works with home owners and attorneys to provide real estate appraisals during the process of divorce. We are typically contacted by either the home owner or attorney to provide our services. We know divorce is not an easy time, so we do our best to make the appraisal process as smooth as can be.

Here are a few tidbits about the difference between an appraisal prepared for divorce and a typical loan appraisal:

  • The divorce appraisal is very likely to have a retrospective date of value, meaning that the appraised value is based upon a date in the past (the filing date) rather than todays date. A real estate appraisal for a loan uses present day market value in most cases.
  • Sometimes both the retrospective value and current market value (as of today) are needed for divorce.
  • The appraiser in a divorce situation may be called upon to be an expert witness if the case goes to court, so it is crucial to include additional research and data within the appraisal report to ensure that value and adjustments are clearly explained and supported.
  • The divorce appraisal is not completed according to Fannie Mae guidelines as many loan appraisals are.
  • The divorce appraisal is the same as a loan appraisal in terms of confidentiality. No information regarding the appraisal or appraised value is ever shared by me with any other party than the client who ordered the appraisal (unless where required by law or subpoena to do so).
  • The appraiser is bound by USPAP in both types of appraisals. These are the uniform standards that guide the appraisal profession.
Whether you are an attorney or home owner, if you have questions regarding litigation or divorce appraisals in the Sacramento Region, please contact us at 916-595-3735 or www.lundquistcompany.com. We serve the counties of Sacramento, Placer, Yolo, El Dorado, San Joaquin, Stanislaus, Merced, Sutter, Solano and Yuba. At Lundquist Appraisal Company you can expect professionalism, confidentiality, punctuality, courtesy, and reasonable rates.
www.SacramentoAppraisalBlog.com Divorce Appraisals in the Sacramento Region
 You can see our divorce appraisal website also at www.SacramentoDivorceAppraisals.com.

San Joaquin County Hits 15% Unemployment Rate for May 2009

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I was running some data today in various counties and wanted to share a bit here. The figures below are based upon information provided by the Employment Development Department. Since I do appraisals in multiple counties surrounding the Sacramento Region, it is very important for me to know understand real estate markets as well as possible. In appraisal jargon, knowing a local market is called ”geographic competency”.

In my mind, part of being in touch with a local market is to keep tabs on unemployment. Could the unemployment rate for a city be an indicator of the overall health of a local community sometimes? Or could rising unemployment impact housing prices and values? What else can unemployment rates tell us? What do you think?

sealJuly 2009 Unemployment in San Joaquin County:

  • Stockton:  19.2%
  • Lathrop:  11.3%
  • French Camp:  48.7%
  • Manteca:  14.0%
  • Ripon:  9.6%
  • Tracy:  10.1%
  • San Joaquin County Overall Unemployment Rate:  16.0%

solano_countyJuly 2009 Unemployment in Solano County:

  • Dixon:  9.2%
  • Fairfield:  12.6%
  • Green Valley CDP:  10.5%
  • Suisun City:  11.9%
  • Vacaville:  8.6%
  • Vallejo:  14.2%
  • Solano County Overall Unemployment Rate:  11.5%

Please let me know if you have any questions about the data above or any other cities or Census Designated Places that were not listed above. The lists are not exhaustive for every city and CDP in the respective counties. You are welcome to contact me at 916-595-3735 or info@lundquistcompany.com.

www.SacramentoAppraisalBlog.com San Joaquin County Hits 15% Unemployment Rate for May 2009

882 Pictures from my Bike (Rancho Cordova)

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I have been thinking of doing a little photography / biking experiment for the past couple of weeks, and yesterday I made it happen. I set out to snap some pictures from my bike (and then make a video out of it). I manually took 882 photos while holding a small Canon SD300 in my hands. You can see the video below or HERE directly.

I rode through the trails surrounding the “Stone Creek” neighborhood in Rancho Cordova and then I headed North on Kilgore to International. I then cut through the “Capital Village” neighborhood in Rancho Cordova on the way back to my truck in the parking lot of CVS Pharmacy.

This was a little experiment and I’m glad I did it. There is definitely some room for improvement in methodology, so keep in mind that this was a first stab. I’m not a photographer by any stretch of the imagination, but just a guy who loves to ride throughout my home town.

www.SacramentoAppraisalBlog.com 882 Pictures from my Bike (Rancho Cordova)

Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009

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edd_logoHere are the most recent figures for unemployment in Sacramento County as of July 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP) for July 2009 (also compared with May and June 2009). Data for August 2009 has not yet been released (wait about one month for that). 

As of July 2009, Sacramento County as a whole has an unemployment rate of 12.0% ( June was 11.6% and May 2009 was 11.1%). The State of California has an 11.9% unemployment rate (up from 11.6% in May & June 2009). I also posted data for Placer County HERE in case that is of interest to you.

What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.7%  (June 2009 11.4%)  (May 2009 was 10.8%)

Carmichael CDP  8.9%  (June 2009 8.7%)  ( May 2009 was 8.2%)

Citrus Heights city  8.5%  (June 2009 8.3%)  ( May 2009 was 7.8%)

Elk Grove CDP  9.8%  (June 2009 9.6%)  (May 2009 was 9.0%)

Fair Oaks CDP  6.7%  (June 2009 6.6%)  (May 2009 was 6.2%)

Florin CDP  17.9  (June 2009 17.6%)  (May 2009 was 16.7%)

Folsom city  5.5%  (June 2009 5.4%)  (May 2009 was 5.1%)

Foothill Farms CDP  15.3%  (June 2009 15.0%)  (May 2009 was 14.2%)

Galt city  18.1%  (June 2009 17.8%)  (May 2009 was 16.9%)

Gold River CDP  2.0%  (June 2009 2.0%)  (May 2009 was 1.9%)

Isleton city  12.9%  (June 2009 12.5%)  (May 2009 was 11.8%)

La Riviera CDP  6.6%  (June 2009 6.5%)  (May 2009 was 6.1%)

Laguna CDP  6.2%  (June 2009 6.1%)  (May 2009 was 5.8%)

Laguna West Lakeside CDP  8.1%  (June 2009 8.0%)  (May 2009 was 7.5%)

North Highlands CDP  17.6%  (June 2009 17.3%)  (May 2009 was 16.4%)

Orangevale CDP  8.6%  (June 2009 8.5%)  (May 2009 was 8.0%)

Parkway South Sacramento CDP  20.0%  (June 2009 19.7%)  (May 2009 was 18.7%)

Rancho Cordova City  13.8%  (June 2009 13.5%)  (May 2009 was 12.8%)

Rancho Murieta CDP  3.7%  (June 2009 3.7%)  (May 2009 was 3.5%)

Rio Linda CDP  17.5%  (June 2009 17.2%)  (May 2009 was 16.3%)

Rosemont CDP  9.5%  (June 2009 9.3%)  (May 2009 was 8.8%)

Sacramento city  14.1%  (June 2009 13.8%)  (May 2009 was 13.1%)

Vineyard CDP  5.6%  (June 2009 5.5%)  (May 2009 was 5.2%)

Walnut Grove CDP  26.2%  (June 2009 25.6%)  (May 2009 was 24.5%)

Wilton CDP  7.4%  (June 2009 7.2%)  (May 2009 was 6.8%)

As you can see, the only city or CDP (Census Designated Place) above that was without an increase in overall unemployment numbers from June to July 2009 was Gold River. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.0%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.2%.

Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

www.SacramentoAppraisalBlog.com Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009

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