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.

Sacramento MLS

Positive real estate news in Elk Grove

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How about some positive real estate news? Let’s unpack all sales in Elk Grove to see the trend with bank-owned vs. short sale properties over the past 36 months. 

The overall percentage of bank-owned sales has decreased in Elk Grove during the last few years. At the same time, short sales have more than doubled in 36 months. Additionally, the total percentage of distressed sales (REO + SS) has decreased from 86% three years ago to 73% over the past two consecutive years. I’ll unpack more of the market in coming days too to share some of the trends I see in the appraisal trenches of Elk Grove. The data above is based on all detached SFR sales in Sacramento MLS

What do you make of the numbers above?

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 appraiser website or via Facebook.

Taking a Dip in the Plumas Lake Real Estate Market

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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.

plPlumas 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. 

Plumas Lake Real Estate Market Trends Past 3 Years of Sales Lundquist Appraisal Company

Plumas Lake Real Estate Market Trends

Listings and Pendings in Plumas Lake CA by Lundquist Appraisal Company

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

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