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.

Finding Commercial Properties in Rancho Cordova (and Listing them for FREE)

By Leave a Comment

I referred a Realtor just a few days ago to the Rancho Cordova Prospector website. This website enables anyone to search for available commercial properties within the City of Rancho Cordova (lease or sale) as well as list commercial properties for free.

Go to the website and spend a few minutes getting familiar with it. It is fairly easy to navigate and there is even a FAQ section to help out.

This is what the site looks like:

rancho-cordova-prospector

As an example of the power of Rancho Cordova Prospector, when performing a search for available office buildings to purchase within city limits, the following image came up. I was immediately given all addresses of available properties along with the ability to see APN numbers, square footage, and miscellaneous details.  

ranchocordova_office-salegpweb12592275282891

Moreover, it is possible to further refine your search (as shown below) to  obtain demographics information such as consumer expenditures, local population, workforce, wages, etc… And the icing on the cake is that you can export the data via email, print, Word, Adobe, or Excel.

ranchocordova_gpweb1259240888493

This is a great resource for residents and anyone in the real estate field to know about. No, I am not paid to mention resources like this. When I see something worthy of talking about, I talk.

Could Mandatory Flood Insurance in the Natomas Area of Sacramento Impact the Market?

By Leave a Comment

On December 8, 2008, flood insurance became mandatory for the Natomas Area of Sacramento. Since the U.S. Army Corps of Engineers determined that the Natomas area was at a greater risk for flooding because of a weakening levy system, the area was rezoned and homeowners are now forking out greenbacks for flood insurance.  

It will be interesting to see how the Natomas situation plays out and to see if there is much of an effect on the real estate market. What are your thoughts? Any home owners, agents, or other real estate professionals want to pitch in here? Do you think buyers care about flood insurance? Do some buyers avoid Natomas to not pay for this insurance? Or is it no real biggie?

fema1

I have not conducted an exhaustive study on the matter and so I won’t speak to any real effect, but I will say that when certain changes take place, such as economic, governmental, or zoning changes, there could be an impact on the local market. As an appraiser, this highlights for me how important it is to have “geographical competency” and really know what is going on in the market – especially the changes.   

Eastern Natomas Trend Graph: Below is a 12-month trend graph of a portion of Eastern Natomas with blue dots representing “sales” and red dots representing “listings”. The graph data is bound on the North by Elkhorn Blvd., West by I-5, East by Vacant Land, & South by Del Paso Road.

natomas-park-sales-and-listings-2

The Mather Real Estate Market – Past 3 Years

By Leave a Comment

What has been happening in the Mather real estate market? Here is a trend graph of the past 36 months of sales (blue) within the Mather area as well as all current listings (red). What do you notice?

mather-real-estate-appraiser

Mather Data from MLS, DataQuick, and Realist:

  • 24 sales in past 90 days (MLS)
  • 11 sales since January 1, 2009 (MLS)
  • 41 current listings on the market – 10 pending, 18 short sale actives, 13 actives (MLS)
  • Decline of 17.40% when comparing January 2008 home sales with January 2009 home sales (Data Quick HERE)
  • 21 houses in pre-foreclosure (Realist)

There are 1271 homes in the Mather community, which was built by KB Homes, and dreamed up by the Sacramento Housing and Redevelopment Agency. SHRA spearheaded the building project as an attempt to breathe life back into the Mather area when Mather Air Base was closed in 1988 (huge effects in the community and in Rancho Cordova too). Independence at Mather is an HOA with very minimal monthly fees (basically to cover front landscaping – no swimming pool or clubhouse). Mather is close to a local golf course, lake, trails, the Sacramento Speedway, and Mather Airport.

If you are a home owner in Mather, what is it that attracts you to this community? What are the benefits? What are the downfalls?

If anyone needs further information or has any needs for a real estate appraisal in Mather, I am glad to assist.

Finding Zip Codes in the Sacramento Region

By Leave a Comment

Trivia Question: How many zip codes are there in Sacramento County? (answer below)

I use the California HomeTownLocator website when looking for zip codes of particular cities. This site has been valuable for both business and personal use. I keep the link in my bookmarks since it is a quick reference to obtain zip codes for any city in California as well as search for other information such as census data and county details.

cahometown

Case in point: Whenever I sign up with a new Asset Management Company for bank-owned properties in the Sacramento Region, they typically ask for a list of zip codes I cover. Instead of having to google each city I work in and find each individual zip code, I simply go to the Home Town Locator site and I get the information I need all in one place. Very convenient.

Triva Answer: There are 145 zip codes within Sacramento County.

california-flag

Skip to content