Sacramento Appraisal Blog

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Real Estate Appraiser

Low Duplex Sales in the South Sacramento Area

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I’m doing some research for a duplex in South Sacramento. I thought readers would be interested to see a trend graph of all sales over the past twelve months for 2-4 unit properties (duplex, triplex, fourplex) within the South Sacramento & Fruitridge market area. It’s amazing to see how low prices have come down. In 2005, for example, something would have been sincerely wrong to see a residential-income property selling anywhere near $100,000 (or below). For reference, 67% of the sales below were REO and 19% were Short Sales.

What do you see? Also, how have you seen the decline in property value impact rents in the Sacramento area? 

Where do you find owner-occupancy information for a city, neighborhood or zip code?

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A local Realtor called me yesterday asking if I had any resources to help her find the owner occupancy rates for a particular zip code in the Sacramento area. One of her investor clients needed more specific information about a neighborhood he is considering buying in.

Off the top of my head, I suggested the Census Bureau or maybe the Post Office or city websites (for free resources), but through the course of research and conversation with colleagues on the REAA forum, I now have a pretty good list to give to my Realtor contact. I figured this information might be useful to others, so here you go.

United States Census Bureau
Motovo “neighborhood” search (www.movoto.com)
Brainy Zip (www.brainyzip.com)
Neighborhood Scout (www.neighborhoodscout.com)
City Data (www.city-data.com)
Tax Records Search (www.realist.com) – paid service – available through MLS

Do you have any other resources to add? Comment below. Also, what other websites do you think investors or home owners should take a look at before making a purchase?

A look at REOs & Short Sales: Is the Sacramento real estate market getting healthier?

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How is the Sacramento real estate market doing? Is it getting better or worse? Are there more bank-owned sales right now than in recent years? There are so many indicators for the health of a real estate market, but let’s take a look at the percentage of bank-owned foreclosure sales (REO) vs. short sales. What do you see? What stands out to you? Any good news here? 

* Data is based on Sacramento MLS for all single family detached properties in Sacramento.

Why it took me so long to start a Facebook page as a Sacramento Appraiser

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Check it out. I started a Facebook page for my business last week. My rationale for taking the plunge is threefold: 1) I like Facebook and I use it all the time; 2) Facebook is a ripe arena for conversation; 3) I want to make sure to be available and able to connect with others in this simple (free) way. Click the image below (or here) to visit the page.

You may wonder, “well, Ryan, you are so into social media, so why did it take you so long to create a Facebook page?” Honestly, I felt conflicted for a while, so I needed time to really think this through. Facebook is so personal, and I just didn’t want to be “that guy” who looked and sounded like he was marketing to his friends. This was really a philosophical hurdle that I needed to sift through over time before rolling out in confidence with a page. It just took a bit of time for me to ultimately feel comfortable enough that starting a page was the best move, and that it’s acceptable and non-spammy to have a page for business (well, non-spammy depending on how you use it of course). And by the way, I am not “that guy”.

Do you have a Facebook page? Why? Why not?

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