Sacramento Appraisal Blog

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Sacramento Association of Realtors

Are you going to the 2011 NorCal Real Estate Expo?

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Are you going to the NorCal Real Estate EXPO? It’s on Wednesday, April 6, 2011 from 8:30am-4:00pm at the Sacramento Convention Center. The Expo is going to be packed with numerous real estate classes, 50+ vendors, 500+ people, networking, cocktails and even a fashion show. I’m looking forward to meeting Frank & Brian from Think Big Work Small, hearing Jim Pelley as one of the key note speakers (I follow him on Twitter, but haven’t met him in person yet) and of course gleaning some tech tips from Chris Tellez & Mike Mueller.

I met up with Realtor Jeff Jurach this afternoon to shoot a promo video for this year’s Expo as shown below. Check out the video and let me know if you plan to be there. It would be great to meet up.

If you have any real estate appraisal, consulting, or property tax appeal needs in the Greater Sacramento Region, contact me at 916.595.3735, by email, on our company website or via Facebook.

Are you using QR codes for your Sacramento area business yet?

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There has been quite a bit of buzz lately about QR codes. I’ve been intrigued with the conversation, and since I’ve found a few uses for QR codes lately for my appraisal business, I thought this post might be useful.  I’d love to hear what you think. Do you see any potential uses for QR codes for your business?

What is a QR code? “QR” stands for “Quick Response”, and a QR code looks like the image to the right. Basically, a QR code is sort of like a customizable bar code where you can insert whatever information you’d like. You can very easily make a QR image online (free) and put it on a flyer, sticker, business card or your store front. Anyone with a smart phone can in turn quickly scan your code and view the information you’ve embedded – whether a video, PayPal “buy now” button, document, or maybe all your social media links.

What benefit does a QR code have? You can customize these codes to store information like websites, directions, your contact information, and so many other types of data. What if you put one of these codes on a flyer and then linked to a video with more information? What if your QR code linked to a free resource or offered a discount to others using your services? What if you gave a presentation and linked all your contact information into an image on the bottom of your handout? (like my FHA presentation document below).

How do you get a QR code? Simply go to a website like www.qrstuff.com and follow their simple instructions. It’s so easy (and free). Just enter the information you want to embed in the image, the website generates the image for you, then download the image.

How do people scan the QR code? Any smart phone user can download a free “QR Code” app in whatever app market the phone uses. Just search for “QR code” and there are bound to be many free QR code reader apps. Simply install a reader, hover over the QR code, and you’ll get to where you need to go.

Lastly, here is a video from Daniel Allen of the Sacramento Association of Realtors. Daniel knows his stuff, and he explains in more depth about QR codes and their potential use for the real estate field.  

What do you think?

Let me know if you have questions, insight, or any real estate appraisal or property tax consulting needs. Contact me at 916.595.3735, on my company website, or on Facebook.

A tour of the Citrus Heights real estate market over the past several years

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What’s been happening in the Citrus Heights real estate market? I wanted to give you a glimpse below at some market-wide data to help give some insight. Of course, keep in mind that a specific property in Citrus Heights may or may not fit in with the general trend of the data below. 

As you can see, when looking at all sales from 2006, property values have clearly declined over time. When you consider the lower end of the market was hovering around $250,000 in mid-2006, but is now closer to $100,000, the drop in property value is pretty substantial. There is big difference for the upper end too.

But at least the past three years have shown a bit more stability, right? That’s encouraging news for home owners (I know real estate data can feel dysmal at times). Overall the trend below over the past three years appears to show a decline,  but the blue dots representing sales sure do look a whole lot more horizontal over the past couple years. 

For historical reference, below are two graphs of all sales in Citrus Heights between 1997-2010 based on the 95610 and 95621 zip codes. The blue line represents monthly median price figures for the respective zip code, whereas the red line shows the market-wide median price (Sacramento Area). These historic graphs come from the Sacramento Association of Realtors.

Specific Citrus Heights Real Estate Market Data:

  • 217 sales over the past 90 days.
  • 171 current active listings
  • 108 current active short sale listings
  • 84 current short sale contingent listings (this means an offer has been submitted already)
  • 39.5% of all sales over the past year were REO (bank-owned)
  • 25% of all sales over the past year were Short Sales
  • Roughly 65% of all sales were distressed in some regard (REO or SS)
  • Unemployment in Citrus Heights is 9.0% per EDD (as of 11/2010)
  • Unemployment in Sacramento County is 12.8% per EDD (as of 11/2010)

If you’ve been looking for Citrus Heights real estate information, I hope this was helpful for you. What do you see in the data above? Does anything stand out to you? Keep me posted if you have any questions or a need for a real estate appraisal. I do appraisal work for estate planning, probate, divorce, second opinions, FHA, property tax appeal, private loans, bankruptcy, and so much more. Call 916.595.3735, email me, or visit my company website.

Rico Rivera interviews me about property taxes and second appraisals

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After a meeting at Sacramento Association of Realtors HQ yesterday, Rico Rivera of Old Republic Home Protection pulled me aside to do a little interview. He wanted to talk shop about property tax appeals as well as second appraisals. This was a spur of the moment brief conversation. I wish I would’ve added a few extra bits of information, particular about second appraisals, but that’s how impromptu dialog goes. Thank you Rico for the opportunity and for all you do in the community. Keep up the tremendous work. Watch the video here or below.

If you have any questions, give me a call at 916.595.3735, catch me on Facebook, or contact me through my website at www.LundquistCompany.com.

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