• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Sacramento Appraisal Blog | Real Estate Appraiser

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.

  • About
  • Appraisals
  • Order
  • Ask Ryan
  • Areas
  • Classes
  • Press
  • Trends
  • Share
  • Contact

real estate trends in Sacramento

The market continues to cool in Sacramento

December 11, 2014 By Ryan Lundquist 6 Comments

The market is cooling, and that’s normal to see at this time of year. Yet beyond the expected chill of the season, the market as a whole is still clearly slowing down to become a buyer’s market. Let’s take a quick look today at real estate trends in Sacramento County so we can better understand what values are doing, and how to talk to clients about the market (don’t miss my 5 tips at the bottom). I’ll have a post on Tuesday to discuss the regional market and Placer County. Remember, you can use some of the graphs in your marketing too (see my sharing policy).

Two ways to read this post:

  1. Scan the talking points and graphs quickly.
  2. Grab a cup of coffee and spend a few minutes digesting what is here.

GRAPHS

(I was getting spam from the form, so email me)

1)  The median price dipped about 2% last month:

median price and inventory since 2013 - by sacramento appraisal blog

The median price declined from $270,000 to $265,000 from October to November in Sacramento County. Remember, it’s normal to see prices cool during this season, and the graph below helps illustrate that. Yet at the same time the overall market is definitely slowing regardless of the season.

median price in fall - by sacramento appraisal blog

2)  The median price is 33% lower than it was at the TOP of the market:

context for median price since the real estate bubble by sacramento appraisal blog

Since the bubble burst by sacramento appraisal blog

Let’s get some context. The median price hit its peak in Sacramento County in August 2005 at $395,000, and now it’s about 33% lower at $265,000. It’s hard to imagine prices were that high, but at the time buyers were willing to buy at those levels.

3)  Prices overall are softening

price metrics since 2014 in sacramento county

It’s important to look not just at the median price, but other metrics such as average price per sq ft and average sales price. This helps us get a stronger sense of the trends of the market so we don’t put too much weight on one metric.

price metrics since 2012 in sacramento county

4) Inventory increased to 2.75 months last month.

inventory in sacramento county  Since 2011 - by sacramento appraisal blog

Housing inventory increased  from 2.47 months to 2.75 months from October to November. This seems like a dramatic increase, but remember that inventory is the relationship between the number of sales last month and the number of current listings. Sales volume was REALLY low last month, so it’s natural to see inventory see an uptick. Having 2.75 months of housing inventory means there are 2.75 months worth of houses for sale right now (active listings).

months of housing inventory by sacramento appraisal blogGenerally speaking, the higher the price, the more inventory there is. Knowing what the market is doing at various price ranges can help us better market or value properties. The market doesn’t behave the same at every price level.

inventory in sacramento county - by sacramento appraisal blog

BIG POINT: The market has ultimately become much more sensitive to increases in inventory in recent years, so what happens with inventory in coming months will help set the stage for next year.

inventory during fall 2 - by sacramento appraisal blog

5) Sales volume was sluggish in November (lowest November in 7 years):

sales volume in Sacramento County since 2001

We had a slow November. In fact, sales volume in November hasn’t been this low since November 2007. Granted, volume this year was only down by 4% from November 2013, but it’s still important to note when volume is sluggish.

sales volume in fall through 2014 - by sacramento appraisal blog

Remember that sales volume always declines in the Fall months. This is part of the normal real estate cycle, and we see this every year. However, the decline in sales volume was slightly higher this past month than normal. Volume usually declines by about 15% from October to November, but this year was 22%. This isn’t something to write home about because it’s only one month of data. It’s simply important to explain what happened.

6) Cash sales are down 40% in Sacramento County in 2014:

cash sales and volume in sacramento county - by home appraiser blog

Cash sales since 2009 in Sacramento County by sacramento appraisal blog

Sales volume is down by 8.5% in 2014 compared with 2013. When we break down the numbers in Sacramento County, this means there have essentially been 1336 less sales this year compared to last year. The chief culprit in lower sales volume is the fact of 40% less cash sales in 2014 compared to 2013. Cash sales represented only 17% of all sales last month, which is far lower than 36% of all sales less than two years ago. This is great news for conventional, VA, and FHA buyers in that there is now more space to get into contract. Furthermore, non-cash sales are about 4% higher in volume this year compared to last year, which is also good news.

7) FHA sales were 25% of all sales last month (buyers are gaining power):

FHA and cash sales since 2009 in Sacramento County by sacramento appraisal blog

The market is still fairly competitive out there, especially for well-priced listings in good condition, but overall buyers continue to gain an edge in the market. One out of ever four buyers in Sacramento County last month used FHA financing. As you can see in the graph above, as cash declines, FHA has increased (conventional and VA are also increasing). Moreover, the market used to be about 33% FHA, so there is still some room for FHA to take an even greater share of the market.

8) It’s taking an average of 45 days to sell a house in Sacramento:

CDOM in Sacramento County - by Sacramento Appraisal Blog

It took an average of 45 days to sell a home in Sacramento County last month (that’s the same as the previous month). As you can see above, the market doesn’t behave the same in every price range. Generally speaking, the higher the price, the longer it takes to sell. There were only 5 sales above $1M last month, and they sold very quickly. For reference, current listings above $1M have been on the market for an average of 119 days. Take stats below $100K and above $1M with a grain of salt since data is limited in both price segments.

9) Distressed sales are only 5% of the entire market:

REOs and Short Sales since the bottom in Sacramento County

The market hit bottom in early 2012, and since then both REO sales (bank-owned) and short sales have seen a dramatic decline. The market simply is not driven by distressed sales any longer. In fact, only 5% of all sales last month were REOs and 6% were short sales. Investors did a great job buying up the distressed market over the past couple of years, and banks have likely done a better job with loan modifications too. Some say there is a “foreclosure wave” coming, but friends, people have been saying that for 6 years. When looking at the stats, there is a slight uptick in foreclosures this year in terms of volume, but it’s more like a rain drop rather than a wave.

10) There are many layers to the housing market

layers of the market sacramento county since 2001 - by sacramento appraisal blog layers of the market sacramento county since 2008 - by sacramento appraisal blog layers of the market sacramento county since 2011 - by sacramento appraisal blog

These are some of my favorite graphs because they help show that the market is made up of many layers. Housing trends are never just about supply and demand, but interest rates, the job market, cash investors, the economy, buyer confidence, availability of financing, etc…

Conclusion: The market is experiencing a normal Fall seasonal dip, yet at the same time the market as a whole is definitely cooling. Interest rates have seen a decline lately, which helps buyers gain more power in the market to a certain extent, but increasing inventory is the trump card in that higher inventory carries the most weight to drive values these days in Sacramento.

5 Quick Tips for Real Estate Agents:

  1. Price Correctly: Houses that are priced right are selling, but overpriced homes are sitting. The market is still very price sensitive, meaning buyers will pull the trigger quickly when the price is right.
  2. Current Listings: Remember to price according to the most current listings that are actually getting into contract. Of course you’ll want to pay attention to sales, but remember that sales are historical documents in that they tell us what the market used to be like whenever the sales got into contract. Today’s market might have softer prices compared to six months ago, so that’s why current pendings (and listings) can sometimes help give us a better temperature of what the market is like right now.
  3. Concessions & Credits: As inventory increases, buyers in some price ranges are going to be asking sellers for more credits for repairs and/or concessions in the purchase price. Preparing your sellers for this reality is important. Also, remember to be cautious about padding the price with concessions beyond what it can appraise for.
  4. Know FHA Standards: One in four sales were FHA last month, so it makes it all the more important to be in tune with what it takes for a property to meet minimum FHA appraisal standards. On a side note, if you do not know where a carbon monoxide detector should be installed, read here.
  5. Being a “Short Sale Specialist”: There are still short sales happening, but keep in mind only 6% of all sales last month were short sales (which translates to 64 short sales in November in the entire county). It’s still somewhat relevant for your website and business card to say “Short Sale Specialist”, but keep in mind there are lots of agents out there to service this limited pool of sellers. Consider marketing to sellers who have equity again and to buyers who went through a foreclosure or short sale several years ago and can now re-enter the market (these buyers are called “Boomerang Buyers”).

I hope this was helpful. Thank you so much for being here.

Sharing Trends with your Clients? If you want to share graphs online or in your newsletter, please see my sharing policy. Thank you for sharing.

Questions: How else would you describe the market? What are you seeing out there?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Market Trends Tagged With: appraisal group in sacramento, appraisers in Sacramento, cash investors, House Appraiser, housing supply, inventory, less investors, market trend graphs, Median Price, real estate trends in Sacramento, Sacramento County, Sacramento Real Estate Market, sales volume, soft Fall in real estate

The real estate market continues to soften in Sacramento

September 11, 2014 By Ryan Lundquist 6 Comments

uncle ricoHave you ever met someone stuck in the “glory days” from high school or some other period of life? The best example I can think of is the character Uncle Rico from the 2004 film Napolean Dynamite. This guy could do nothing but think about his former life as a quarterback, and how if he could just go back in time, he’d win the state football championship. He simply couldn’t move on because he was fixated on the past. But isn’t that sort of like what is happening in real estate today? Many sellers are stuck in the mindset that the market is still aggressive like it was in the “glory days” of 2012 and the first half of 2013. But the market has changed. Let’s take a look at ten quick talking points to help explain what the Sacramento market is doing, and why it is moving the way it is. I hope this is helpful for you and your clients.

Two ways to read this post:

  1. Scan the talking points and graphs quickly.
  2. Grab a cup of coffee and spend a few minutes digesting what is here.

free market trend graphs from sacramento appraisal blog

1)  The median price has been flat for FOUR MONTHS in a row:

median price and inventory since 2013 - by sacramento appraisal blog

The median price has been $270,000 for four months straight in Sacramento County. Can you see why many in the real estate community have been describing the market as flat? Remember of course that not every neighborhood or property type in Sacramento is experiencing this same flat trend, but there is no mistaking the market has been leveling off.

But Trendgraphix Showed an Increase? Trendgraphix in MLS shows the median price increased from $270,000 to $272,000 this month, but unfortunately that’s not an accurate number since they pulled their data a bit too early before all sales from August were entered into MLS.

2) Average sales price has also been flat:

price metrics since 2014 in sacramento county

If you need wisdom, don’t just ask one person for advice, but seek the council of a few. It’s the same in real estate. We need to be careful to not just look at the median price to determine what the market is doing. Let’s also take a look at the average price per sq ft and average sales price in Sacramento County. Of course we can check out other metrics too, which we’ll get into below.

price metrics in sacramento county

As you can see, the past few months of each metric above shows the market is flattening out. The market tends to cool down as summer fades away, but just as I said last month, the cooling began early this year, so it will be interesting to see how the Fall unfolds.

3) Distressed sales are still very low:

REOs and Short Sales in Sacramento County

REOs and Short Sales Percentage and Volume in Sacramento County

There have been slightly more bank-owned sales over these past few months, but any uptick has minimal at best. There is no “foreclosure flood” that has hit the market as REO sales were still just barely over 5% of all sales last month. Short sales have persisted to decline, and only represented about 6% of the market last month.

4) The number of listings has been increasing (so have price reductions): 

Active listings in Sacramento County by sacramento appraisal blog

number of listings in sacramento - July 2014 - by home appraiser blog

There were slightly more listings in August compared to July. If the market unfolds like it did last year, listings will increase again in September, but then begin to decline as a part of the normal cooling season in Fall (we’ll see what happens though). The psychology of buyers has been changing drastically over the past two months as buyers are gaining more power from sellers. Buyers seem more prone to believe time is on their side, they are aware of price reductions, and they are generally not willing to pay top dollar unless it is truly warranted. The market has been inching toward a buyer’s market over the past 15 months, but these past few months there were some very big strides taken toward a buyer’s market. In August there were seemingly about 400 price reductions every single day in MLS. For every new listing that came on the market, it seemed there was about an equal number of price reductions. What does that tell us?

5) Inventory increased again last month and is now at 2.4 months:

inventory in sacramento county - by sacramento appraisal blog

Inventory is now at 2.4 months of housing supply (up from 2.2 month last month). This means there are 2.4 months worth of houses for sale right now in Sacramento County. Inventory for the Sacramento Region increased from 2.5 months to 2.65 months, but I’ll get into that on Tuesday when we look at the regional market and Placer County.

months of housing inventory by sacramento appraisal blog

number of listings in sacramento - by home appraiser blog

Inventory is one of the X-factors for setting the tone of the market and the direction of values. Housing inventory is still relatively low, but the market is very soft despite having less than 2.5 months of housing supply. Our market has been tapering off being on “steroids” (cash investors and 3% interest rates), and now we’re seeing how strong the local market really is now that regular non-cash buyers have to support the market. By the way, as you can see above, inventory is not the same at each price level. Generally speaking, the higher the price, the higher the inventory.

6) Sales volume is down 11% from last year:

sales volume in Sacramento County since 2008

Sacramento County has seen about 11% less sales volume so far in 2014 compared to 2013, and sales volume in August 2014 is down 14% from August 2013.

7) FHA sales were 23% of all sales in Sacramento County last month:

FHA and cash sales since 2009 in Sacramento County by sacramento appraisal blog

FHA and cash sales under 200K in Sacramento County by sacramento appraisal blog

Cash is down and FHA is up. That’s been the story over the past few quarters. Last month 23% of all sales were FHA, while the month before saw 25% of all sales as FHA. This 2% decline shows up on the graph above, but take it with a grain of salt until we add in an extra month of data to round out the quarter. It’s actually nice to see that FHA buyers under $200,000 have been over 30% of the market over the past few months. This is fantastic news since first-time owner occupant buyers can finally get into contract again after getting beat out by cash investors when the market was really hot. If it’s been a while since you’ve brushed up on FHA appraisal standards, be sure you get in tune with FHA minimum property requirements.

8) There have been 44% less cash purchases in 2014 compared with 2013:

cash sales and volume in sacramento county - by home appraiser blog - Copy

Cash sales since 2009 in Sacramento County by sacramento appraisal blog

Did you know there have actually been more non-cash purchases so far in 2014 compared with 2013? At the same time there have been about 44% less cash sales during this same time period. Remember, if cash volume was still as high as it was last year, inventory would be incredibly low, and the market would feel much like it did in early 2013.

9) It took 3 days longer on average to sell a house last month:

CDOM in Sacramento County - by Sacramento Appraisal Blog

On average it’s taking 40 days to sell a home in Sacramento County and 42 days in the Sacramento Region. Last month it took 37 days to sell a home in Sacramento County, and it’s not a surprise to see the days on market increase since the market has been slowing. Forty days is still relatively quick to sell a home because just a few years back it was taking an average of 90 days to sell in Sacramento. Keep in mind many properties are still selling quickly if they are priced correctly. Generally speaking, the higher the price, the longer it takes to sell. There were only 7 sales above one million last month, so take the 1M+ stat with a grain of salt.

10) Interest rates are hovering in the 4% range:

interest rates by sacramento appraisal blog since 2008

Interest rates took a very slight dip last month, and they’ve been hovering in the lower 4s all year. The Fed still hasn’t given any indication they will raise rates aggressively since we all know that would be a disaster for the market because of how fragile the housing market and economy still is. It would be an equal disaster to lower rates aggressively too since that would create more upward value movement, and we really need the job market to catch up to the housing market, don’t we?

Was this helpful? I hope this was helpful for you and your clients. My goal each month with writing such a big post is to help illuminate what the market is doing, and in turn help explain why the market is moving the way it is. The real estate market has many “layers” that impact value, which is why it’s important to take a look at so many trends at one given time.

Summary: The market is slowing down, and it’s simply not the “glory days” of 2012 and 2013 any longer. While this is not cheerful news for some sellers, it’s great news for buyers since they are gaining more power to negotiate. Part of the market softening is normal since values tend to cool as the summer fades away, yet part of it is the market adjusting and trying to figure out how to be “normal” and cope without outside cash investors acting as a “steroid” for values. In closing, a few months ago we talked about signs to look for when a market begins to get soft, and many of these things below have been happening.

signs-of-a-soft-real-estate-market-by-sacramento-appraisal-blog-530

Sharing Trends with your Clients? If you want to share graphs online or in your newsletter, please see my sharing policy. Thank you for sharing.

Questions: How else would you describe the market? I’d love to hear your take.

If you liked this post, subscribe by email (or RSS). Thanks for being here.

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Market Trends Tagged With: August 2014, average price per sq ft, Fall Market, Home Appraiser, home appraisers, House Appraiser, is the market slowing down, less investors in Sacramento, Median Price, real estate trends in Sacramento, Sacramento Real Estate, trend graphs, what is the market doing

5 trends to watch in Sacramento real estate

October 14, 2013 By Ryan Lundquist 1 Comment

There is so much talk about the real estate market shifting. Yes, it has been slowing down. But that’s normal. Like kids, markets are constantly moving – sometimes very quickly. Today let’s look at five real estate trends in Sacramento County. For those who work in real estate, it’s good to internalize stats like this to help clients understand what is happening so they can make informed decisions. Moreover, paying attention to the trends can tell you who your future clients might be.

5 real estate market trends in Sacramento County:

  1. FHA is up 3.3% since July 2013.
  2. FHA is up 6.4% under $200,000 since July 2013.
  3. Conventional sales are seeing an increase (more equity sellers lately).
  4. Cash sales under $200,000 have decreased by 10% since last quarter.
  5. Cash has declined by 12.5% in the entire county since Q1 of 2013.

sacramento real estate market stats through Q3 2013 - by sacramento home appraiser

Speaking in Elk Grove: By the way, I’m speaking tomorrow at the Elk Grove Regional Realtor Meeting. I’ll be talking through various market trends and touch on some tips for working with appraisers (as well as fielding questions I’m sure). The meeting is from 8:15-9:30am at Stockman’s Community Room at 9275 E Stockon Blvd in Elk Grove. Come out if you’d like.

Question: What strikes you about the stats above? If you work in real estate, what are the implications for your business?

If you liked this post, subscribe by email (or RSS). Thanks for being here.

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Market Trends Tagged With: decline of cash buyers, FHA buyers increasing, Home Appraiser, house appraisers Sacramento, increase of conventional buyers, investors leaving market, less cash in Sacramento market, real estate trends in Sacramento

Blackstone’s focus in the 2013 real estate market

April 8, 2013 By Ryan Lundquist 10 Comments

Even if you only follow real estate casually, you’ve probably heard of Blackstone, a private equity fund that has garnered wide media attention for pumping billions of dollars into the housing market. Their plan has been to acquire thousands of properties as rentals and then sell them in years to come.

The Local Market: Blackstone has been targeting cities throughout the country, and their presence has definitely been felt in the Sacramento area since they began buying tenaciously last August. Let’s take a look at some stats and areas of focus to help understand what they are doing locally.

Blackstone activity in the Sacramento real estate market - by Sacramento Appraisal Blog

Has Blackstone Been Slowing Down? Blackstone appears to have slowed down a bit over the past few months compared to the previous quarter. Their 96 purchases under $200,000 in Sacramento County on MLS during 2013 represent 4% of all sales under $200,000, which translates to 8% of all cash purchases under $200,000. Previously Blackstone had 324 purchases under $200,000 from August 2012 to December 31, 2012, which was almost 13% of cash sales for the time period. Blackstone has been a big player in the market, though ultimately they are really only one piece of the investor pie since 53% of all sales under $200,000 last quarter were cash deals. However, we must ask of course whether their recent slow down is a result of strategy or a lack of inventory. That is the critical question.

Blackstone Purchases in Sacramento County - Graph by Sacramento Appraisal Blog

Blackstone’s Strategy: As you can see, over 80% of Blackstone’s purchases have been under $200,000. It seems they have been primarily focused on the first-time buyer market, and they’ve purchased traditional sales, flipped properties, foreclosures, short sales, private sales, trustees sales, non-performing loans directly from banks and really whatever they can get their hands on. They are buying as “THR California LP”, and Tax Records indicates they have purchased 548 properties since August 2012. However, some local media outlets state they have picked up over 1000 homes since last year. That could definitely be the case since there may very well be many private sales off the books, but since Tax Records only shows 548, I’ll stick with that and consider it a representative sample.

Blackstone purchases according to Tax Records in Sacramento County in 2013 - data from Tax Records - compiled by Sacramento Appraisal Blog

Sacramento County: THR California LP has purchased a total of 126 properties in Sacramento County so far in 2013 according to Tax Records. 96 of these sales were listed on MLS and priced under $200,000. As you can see, areas like Natomas, Rancho Cordova, Elk Grove, South Sacramento and North Highlands have been on their radar. At the same time Blackstone has seemed to pretty much avoid North Sacramento (Del Paso Heights), Oak Park, and well-established classic neighborhoods with higher property values.

Blackstone purchases according to Tax Records in Placer County in 2013 - data from Tax Records - compiled by Sacramento Appraisal Blog

Placer County: Blackstone has been purchasing in Placer County also, though activity has been substantially lower than Sacramento County as there have only been 26 sales so far in 2013. It seems most of the Placer County action has been in Lincoln, Roseville and Rocklin.

Blackstone purchases according to Tax Records in Yolo County in 2013 - data from Tax Records - compiled by Sacramento Appraisal Blog

Yolo County: Clearly Yolo County has not been much of a target for THR California LP. They’ve had a sprinkling of purchases in West Sacramento and Woodland this year, and one in the City of Davis (a short sale condo at $245,000).

 Implications of so much cash in the market: 

  1. Diversify: If you work in real estate, continue to diversify your business above the $200K price level where the market is less saturated with investors.
  2. Save Money: If you’re trying to buy a home with little money down, it’s time to save more money. You may need it to compete with investors.
  3. Keep Frustration in Context: If you’re frustrated about so many cash investors in the Sacramento area right now, that’s definitely understandable and you’re not alone. However, it’s important to keep frustration with Blackstone in context. By no means am I trying to defend a private equity fund with billions of dollars, but I’m simply highlighting that they’ve purchased 96 of 1,202 cash sales as “THR” under $200,000 on MLS so far in 2013. I know that’s quite a bit for one investment fund, but the truth is there are many other investors in the market besides Blackstone. This means it’s important to let the data inform our conversations and complaints. (by the way, The SacBee posted an interesting article today highlighting some of the critiques of investment funds).

My quote in RealtyTrac Foreclosure Report March 2013RealtyTrac Quote: By the way, here is a partial quote I gave in RealtyTrac‘s March 2013 Foreclosure Report. They did a story on institutional investors, and called me for an interview. I would link to the report here, but unfortunately the report is private and only for subscribers.

UPDATE ON 04/09/2013: I talked with a Sacramento Bee Reporter about their data that shows Blackstone has purchased 1000+ properties since August. The Bee reporter stated that Blackstone confirmed this number and his search of the Sacramento County Recorder also confirms this number (it is very tedious to do this search – I didn’t confirm). All things considered, it looks like only about half of Blackstone’s sales are recording in Tax Records for whatever reason. I am only using Tax Records because that is what I can control best. Nonetheless, despite a difference in numbers in my post, the data in Tax Records still appears representative of the overall trends when comparing the data in this post with The Sac Bee data. The SacBee also reported a huge downtrend in 2013 so far.

Any thoughts?

If you have any questions or Sacramento home appraisal or property tax appeal needs, let’s connect by phone 916-595-3735, email, Twitter, subscribe to posts by email (or RSS) or “like” my page on Facebook

Share:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)

Filed Under: Market Trends, Resources Tagged With: Blackstone, cash investors in Sacramento, hedge fund purchases, Home Appraiser, House Appraiser, investment funds, Placer County, private equity fund, real estate trends in Sacramento, Sacramento home appraisers, THR California LP, wall street money in housing market, Yolo County

Primary Sidebar

Connect with Ryan

 Facebook Twitter LinkedIn YouTube Instagram

Subscribe to Weekly Post

* indicates required

Search this site

Blog Categories

  • Appraisal Stuff (406)
  • Bankruptcy (3)
  • Divorce (4)
  • Estate Settlement (6)
  • FHA Appraisal Articles (56)
  • Internet (53)
  • Market Trends (476)
  • Photos from the Field (126)
  • Property Taxes (70)
  • Random Stuff (230)
  • Resources (566)
  • Videos (161)

Blog Archives: 2009 – 2019

Lundquist Appraisal Links

  • Appraisal Order Form
  • Appraisal Website
  • Rancho Cordova Appraiser Website
  • Sacramento Appraisal Blog Sitemap
  • Sacramento Real Estate Appraiser Facebook Page
  • Twitter: Sacramento Appraiser (@SacAppraiser)
  • YouTube: Sacramento Appraiser Channel

Most Recent Posts

  • The housing market nobody predicted
  • Real estate trends to watch in 2021
  • You carried me & a spreadsheet for Christmas
  • Real estate drama (and a market update)
  • Goodbye California. Is everyone leaving?
  • How much are buyers paying above the list price?
  • What would happen to the housing market if we went on lockdown again?
  • Overpricing, multiple offers, & hot ranges
  • Why your home isn’t worth 16% more today
  • Condos, halfpipes, & cooling 2-4 units

Disclaimer

First off, thank you for being here. Now let's get into the fine print. The material and information contained on this website is the copyrighted property of Ryan Lundquist and Lundquist Appraisal Company. Content on this website may not be reproduced or republished without prior written permission from Ryan Lundquist.

Please see my Sharing Policy on the navigation bar if you are interested in sharing portions of any content on this blog.

The information on this website is meant entirely for educational purposes and is not intended in any way to support an opinion of value for your appraisal needs or any sort of value conclusion for a loan, litigation, tax appeal or any other potential real estate or non-real estate purpose. The material found on this website is meant for casual reading only and is not intended for use in a court of law or any other legal use. Ryan will not appear in court in any capacity based on any information posted here. For more detailed market analysis to be used for an appraisal report or any appraisal-related purpose or valuation consulting, please contact Ryan at 916-595-3735 for more information.

There are no affiliate links on this blog, but there are three advertisements. Please do your homework before doing business with any advertisers as advertisements are not affiliated with this blog in any way. Two ads are located on the sidebar and one is at the bottom of each post. The ads earn a minor amount of revenue and are a simple reward for providing consistent original content to readers. If you think the ads interfere with your blog experience or the integrity of the blog somehow, let me know. I'm always open to feedback. Thank you again for being here.

Copyright © 2021 Sacramento Appraisal Blog