It’s interesting to take a look at what the market is doing in a neighborhood by comparing sales over the past months as well as current listings. Here is a graph I made this afternoon on current sales over the past year within the Vintage Park neighborhood in the Sacramento area (95828 zip code only – not 95829). The blue dots are sales and the red dots are current listings. Click the following thumbnail image to enlarge:
Vintage Park Neighborhood Data:
- 56 current listings
- 64% of current listings are bank-owned
- 21% of current listings are short sales
- 5 listings priced under $125K
- 13 listings priced between $125-150K
- 12 listings priced between $150-175K
The data was taken from Sacramento MLS and is based upon detached single family residential properties within the following boundaries: Calvine Road to the South, UP RR to the West, Elk Grove Florin Road to the East, & Vacant Land to the North.
Have you received a letter? My household has been mailed two so far claiming that XYZ Company will help me lower my property taxes if I send them some money. Fellow residents, may I offer some advice? If you feel that the Assessor’s Office did not get your home value right, then don’t waste your money on out-of-area companies like this? If you need to contest your property tax levels, use a local specialist who knows your neighborhood very well and can personally talk you through the entire property tax appeal process.