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.

Real Estate Market

What does an REO fixer-upper house look like?

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I recently inspected a bank-owned huge fixer of a house in the Oak Park area of Sacramento, and I put together a one-minute video below (or HERE) for you to experience a bit of what I saw. This house sold for less than $20,000.

By the way, I do have the full blessing of my client to use images of this house they purchased. I would never violate my client’s confidentiality by posting pictures or sharing information like this without the absolute blessing of a client. Thank you also to Bill Cobb for the music. Let me know what you think.

LeBron James, Real Estate & Resale Value

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If you’re a sports fan like me, you know the big story in basketball right now is whether LeBron James will be moving on to a different team or staying in Cleveland. This topic has dominated sports talk radio today, but the one thing I kept thinking of throughout the conversation thread was LeBron’s house.

If LBJ ends up playing in New York, for example, what is he going to do with his mega mansion in Cleveland? I remember reading an article several years ago about his 35,000 square foot 11-bedroom house that includes a bowling alley, casino and barber shop. Could he sell it without taking a huge loss? Is there a market in Cleveland for a house like this?

If you are considering remodeling or adding on to your house, think about resale value and what will be most acceptable to a pool of typical buyers in the future. Even though you might really like to add a ferris wheel, triple your square footage, or make your home feel like the bat cave, if you plan to sell your property in the not-too-distant future, you may want to consider whether there is a market for such a feature. Is your addition really considered an improvement to most buyers or will it be a distraction in the marketplace? Any thoughts?

Are Property Values Going Up in Sacramento?

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It’s interesting to compare median price levels from one year ago to today’s median price levels. In many areas we have seen a definite increase in property value. What does this mean? What is fueling this trend? I used some data from a South Sacramento neighborhood in the video below to highlight this very phenomenon. If you don’t see the video in your email subscription or RSS, click HERE.

Sheep in Plumas Lake: Photos from the Field

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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. 

plumas lake

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.

plumas lake 2

www.SacramentoAppraisalBlog.com Sheep in Plumas Lake: Photos from the Field

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