Here is a brief podcast recap of the 2009 real estate market in general in the Greater Sacramento region. What will 2010 have in store for us? Do you think the market will surge, stabilize or decline? Do you feel like now is a good time to buy? Your comments are welcome below.
Real Estate Appraisal
Podcasts Coming to the Sacramento Appraisal Blog
In 2010 the Sacramento Appraisal Blog will be offering a “podcast” tool through AudioBoo. This feature will enable audio market updates, interviews with local real estate agents, and discussions on other relevant topics. All audio entries will be posted in the “podcast” tab above and also in a blog article too for the sake of discussion. Here is an introductory sample podcast for you.
This will be an exciting feature in 2010, and if you have any suggestions for topics, feel free to email me at ryan@lundquistcompany.com or call me at 916-595-3735. Additionally, if you have a differing podcast/audio blog tool to plug, I am open ears.
Sheep in Plumas Lake: Photos from the Field
Yesterday I wrote about the Plumas Lake real estate market, and since I inspected a property in Olivehurst today (just north of Plumas Lake), I figured I’d include a few supplementary images of the area.
This photo was taken today in the southern portion of Plumas Lake (Cresleigh Meadows / Plumas Ranch). Vacant residential lots are commonplace these days and seen in the Plumas Lake area and throughout the Sacramento Region in many cities and counties.This vacant lot is located right across the street from a brand new park, and I loved the contrast of residential cables, brown grass and grazing sheep.
Many newly constructed communites have “coming soon” signs for future residential and commercial construction. In general there is not enough profitability for local builders at this time, so postponed construction during the economic downturn is very standard protocol. Just think of how many jobs (and excited residents) there will be when the economy turns around and building can resume.
www.SacramentoAppraisalBlog.com Sheep in Plumas Lake: Photos from the Field
Taking a Dip in the Plumas Lake Real Estate Market
The Sacramento real estate market has been hit hard over the past several years, and Plumas Lake has not escaped the damage either. Plumas Lake is a community located in Yuba County about 30 miles north of Sacramento and 10 miles south of Marysville. This neighborhood was built out over the past six years, with the bulk of houses being constructed between 2003-2005.
Plumas Lake is a suburban community, but it does have somewhat of a secluded feel because of the lack of commercial property and conveniences within the immediate neighborhood. The plan was to have developed many commercial parcels by now, but unfortunately little progress has been made beyond a Walgreens. By the way, kudos to Walgreens because they also built a store in the Anatolia area of Rancho Cordova, which faced a similar situation (a new neighborhood was built, but commercial construction lagged far behind residential construction due to the market bubble burst).
Anyway, let’s take a look at recent real estate market trends in the Plumas Lake neighborhood. The graphs below depict the past three years of sales, past one year of sales and current listings and pendings.
What do you see in the graphs above? Does anything stand out to you? If you are a home owner in Plumas Lake, what is it you enjoy about your community? If you are considering buying a property in Plumas Lake, what is it that draws you to the neighborhood?
Your comments are welcome below. Please also contact me if you have any questions or a need for more developed research or my appraisal services. 916-595-3735 or ryan@lundquistcompany.com.
NOTE: Plumas Lake is located in Yuba County and so data is interesting. Since both Sacramento MLS and Yuba/Sutter MLS carry data for the Plumas Lake area, it’s important to look at and compare both sets of data to make sure to analyze all market activity. With that being said, the graphs above are based on Sacramento MLS for ease of use. Maybe a future post will analyze and compare both systems.
www.SacramentoAppraisalBlog.com Taking a Dip in the Plumas Lake Real Estate Market