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.

Unemployment Rates in Sacramento County for May 2009

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Here are the most recent figures for unemployment in Sacramento County as of May 2009 per the Employment Develompent Department. The figures below consider both cities and Census Designated Places (CDP). Sacramento County as a whole has an unemployment rate of 11.1%.

Arden Arcade CDP  10.8%

Carmichael CDP  8.2%

Citrus Heights city  7.8%

Elk Grove CDP  9.0%

Fair Oaks CDP  6.2%

Florin CDP  16.7%

Folsom city  5.1%

Foothill Farms CDP  14.2%

Galt city  16.9%

Gold River CDP  1.9%

Isleton city  11.8%

La Riviera CDP  6.1%

Laguna CDP  5.8%

Laguna West Lakeside CDP  7.5%

North Highlands CDP  16.4%

Orangevale CDP  8.0%

Parkway South Sacramento CDP  18.7%

Rancho Cordova City  12.8%

Rancho Murieta CDP  3.5%

Rio Linda CDP  16.3%

Rosemont CDP  8.8%

Sacramento city  13.1%

Vineyard CDP  5.2%

Walnut Grove CDP  24.5%

Wilton CDP  6.8% 

What do you notice? Does any of the data stand out to you? 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

Current Listings in Folsom, CA: June 2009

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What can you purchase a property in Folsom, CA for these days? As of today there are 273 listings on the market per MLS. The low listing is $209,000 and the high price is $2,500,000. There are currently 43 properties under $300,000 and from the graph it looks like there are quite a few hovering around the $400,000 level.

Folsom CA Listings June 2009

You are welcome to contact me (Ryan) at 916-595-3735 or by email at LundquistCompany@gmail.com for any questions about Folsom or beyond.

Photos from the Field: An Open Door in Oak Park

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While driving around during an inspection this week in the “Oak Park” area of Sacramento I snapped the following image with my mobile phone. It may be the real estate geek in me, but I get a kick out of noticing properties with issues like this. Do you notice something wrong?

Door in Oak Park

Yep, you got it. There is a door on the second story that opens to nothing below (well, except for concrete). Generally speaking, that’s not a good situation on a number of levels. To see a previous shot of a similar scenario I snapped in Midtown a few months ago, click HERE.

Door in Oak Park2

Vintage Park Area of Sacramento (95828 and 95829 zip codes)

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The Vintage Park area of Sacramento is located just North of the city of Elk Grove (Calvine Road) off of Elk Grove Florin Road. The Western side of Elk Grove Florin Road is the 95828 zip code and has homes that were constructed originally with wood shake roofs and built in the late 80s to early 90s typically. Below is an image of the neighborhood boundaries of the 95828 Vintage Park area.

Vintage Park 95828

Vintage Park Real Estate Market Data in 95828 zip code:

  • 27 sales over past 90 days
  • 8 current active listings
  • 14 current short sale active listings
  • 21 current pending listings
  • Low Price over past 90 days:  $102,500
  • High Price over past 90 days:  $205,000
  • Median Price over past 90 days:  $149,000

East of Elk Grove Florin Road is the 95829 zip code and this portion of housing is really a different real estate market than the 95828 portion of Vintage Park as houses are often several years newer and have tile roofing.

Sacramento 95829

95829 Zip Code Real Estate Market Trends:

  • 68 sales over past 90 days
  • 11 current active listings
  • 55 current short sale active listings
  • 44 current pending listings
  • Low Price over past 90 days:  $111,000
  • High Price over past 90 days:  $295,000
  • Median Price over past 90 days:  $170,000

The graph below records all sales in the 95828 zip code (red) and all sales in the 95829 zip code (blue) as shown above in the defined boundaries. What do you notice? What stands out to you?

Sacramento Vintage Park 95828 and 95829 zip codes

Elk Grove Florin Road is the dividing street between both of these areas and overall it appears that there is a difference in median price level as well as inventory in the 95828 and 95829 zip codes. It’s always interesting to see how crossing one major street can make a difference in real estate data and potentially home values. This is not a situation where one of the zip codes above is the “other side of the tracks”, but we do see a principle at hand that the best comparables are usually those closest to home because the further away you go (even just across one main street), the more likely you are to enter into other markets. If you have any questions or a need for more detailed research or a real estate appraisal, please contact me (Ryan) at 916-595-3735 or LundquistCompany@gmail.com

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