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.

Sacramento Region Estate Settlement Appraisals: Who Can You Hire in Your Time of Need?

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When an estate has a transfer of ownership due to death, it is very common for a real estate appraisal to be needed for tax and/or inheritance purposes. Sometimes an attorney or accountant will order an appraisal during such a circumstance or most typically have a family member or heir choose an appraiser for the job at hand.

Estate settlement or “Date of Death” appraisals are something we specialize in, and we work well with home owners in what can be a difficult time in life. Our goal is to provide a reliable appraisal in a timely manner and make the appraisal process as smooth as possible. We serve property owners and attorneys in the Greater Sacramento Region with the following counties: Sacramento, Placer, Yolo, El Dorado, San Joaquin, Stanislaus, Merced, Solano, Yuba and Sutter.

You can read a previous article HERE with additional information about the estate settlement appraisal process and view a short video HERE or below.

Contact Lundquist Appraisal Company at 916-595-3735, info@LundquistCompany.com or www.LundquistCompany.com for additional information or any questions. We hope to be in touch soon and to assist you if it is relevant for your needs. Thank you.

www.SacramentoAppraisalBlog.com Sacramento Region Estate Settlement Appraisals: Who Can You Hire in Your Time of Need?

Rancho Cordova Sales & Listings: Past 90 Days North of Highway 50 (”Riverside” portion of Rancho Cordova)

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What’s been happening in the Rancho Cordova real estate market North of Highway 50 (referred to as the ”Riverside” portion of Rancho Cordova due to being on the side of the freeway with the “river” – clever, huh)? Let’s take a look below at some data and graphs. What do you notice?

Rancho Cordova Sales August 2009

Rancho Cordova Real Estate Market Trends (North of Hwy 50):

Over the past 90 days there were 83 sales North of Highway 50 (not including South of Highway 50 – Stone Creek, Anatolia, Capital Village…). All data is based upon single family residential units.

  • 20 current Active listings
  • 53 current Active Short Sale listings
  • 44 current Pending properties
  • 59% of sales since January 1, 2009 have been bank-owned sales
  • 19% of sales since January 1, 2009 have been short sales
  • Low Price over past 90 days:   $76,000
  • High Price over past 90 days:  $265,000

Rancho Cordova Listings August 2009

The graph above shows all the current listings North of Highway 50 in Rancho Cordova (including pendings).

The data above is not meant to be exhaustive or be representative of every niche North of Highway 50. The Riverside portion of Rancho Cordova contains a multitude of neighborhoods and they are not all comparable to each other. You don’t have to be an expert in real estate, for example, to explain some of the differences between Sunriver, White Rock, Cordova Meadows or Croetto. So when data is lumped together as above, it does not mean that there are sales below $100,000 in every neighborhood North of Highway 50, or that the percentages of bank-owned and short sale properties are the same in each neighborhood either, or that there were even sales within certain areas of Rancho Cordova in the past 90 days.

The data above is meant solely for educational purposes. If you have a need for more detailed analysis or a need for a valuation for estate settlement, purchase, refinance, bankruptcy, pre-listing, litigation or any other type of appraisal purpose, feel free to reach me (Ryan) at 916-595-3735 or www.lundquistcompany.com.

www.SacramentoAppraisalBlog.com Rancho Cordova Sales & Listings: Past 90 Days North of Highway 50 (”Riverside” portion of Rancho Cordova)

Unemployment Rates in Sacramento County for June 2009

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

As of June 2009, Sacramento County as a whole has an unemployment rate of 11.8% ( May 2009 was 11.1%). The State of California has an 11.6% unemployment rate (unchanged from May 2009).

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

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

Carmichael CDP  8.7%  ( May 2009 was 8.2%)

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

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

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

Florin CDP  17.6%  (May 2009 was 16.7%)

Folsom city  5.4%  (May 2009 was 5.1%)

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

Galt city  17.8%  (May 2009 was 16.9%)

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

Isleton city  12.5%  (May 2009 was 11.8%)

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

Laguna CDP  6.1%  (May 2009 was 5.8%)

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

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

Orangevale CDP  8.5%  (May 2009 was 8.0%)

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

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

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

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

Rosemont CDP  9.3%  (May 2009 was 8.8%)

Sacramento city  13.8%  (May 2009 was 13.1%)

Vineyard CDP  5.5%  (May 2009 was 5.2%)

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

Wilton CDP  7.2%  (May 2009 was 6.8%)

As you can see, there was not one city or CDP (Census Designated Place) that was without an increase in overall unemployment numbers from May to June 2009. 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 25.6% (Can you believe that? 1 in 4 working people are without a job).

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 for June 2009

Real Estate Market Trends in the Tahoe Park Neighborhood in Sacramento

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“Tahoe Park” is an area of Sacramento off of Highway 50 and 65th street in the 95820 zip code (with one portion of the neighborhood in the 95817 zip code). The neighborhood consists mostly of single family detached ranch-style houses (some multi-units and occasional 2-story houses) and can be described with five portions as shown below. A previous post goes into detail about each of these portions.

tahoe-park-sacramento

What’s been happening in the Tahoe Park real estate market? What are properties selling for? Let’s take a look at the past three years of sales. What do you notice?

Tahoe Park Neighborhood in Sacramento Past 3 Years of Sales

Now let’s consider the past twelve months of sales in Tahoe Park from August 2008 to August 2009. What do you see? Does anything stand out to you?

Tahoe Park Neighborhood in Sacramento August 2009 Sales

Tahoe Park Neighborhood Real Estate Market Trends:

  • 95 sales over the past 12 months
  • Low Price over past 12 months:  $25,000
  • High Price over past 12 months:  $330,000
  • Current Actives:  19
  • Current Short Sale Actives:  13
  • Current Pendings:  19
  • 25 sales over the past 90 days
  • Median Price over Past 90 Days:  $206,000

If you have any questions about Tahoe Park or the graphs and data above, please let me know. I appraise properties in Tahoe Park for purchase, refinance, estate settlement, bankruptcy, litigation and more. Please contact me at 916-595-3735 or ryan [at] lundquistcompany.com.

www.SacramentoAppraisalBlog.com Real Estate Market Trends in the Tahoe Park Neighborhood in Sacramento

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