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Here’s a look at all 2-4 unit sales in the 95815 zip code of Sacramento over the past three years. No, these are not single family units. These are duplexes, triplexes and fourplexes. It’s amazing to see how far prices have come down from recent years when so many of these properties sold previously for $300,000-$400,000+. You think some of these might pencil nowadays?
Here is a trend graph of all 2-4 unit sales in the city of Vallejo, CA over the past five years. The information is based on data in Bay Area MLS. The residential-income market sure has been impacted. It’s amazing to see the low point around $250,000 several years ago has now become closer to the higher end of the market over the past few months for 2-4 unit properties.
If you own a duplex, triplex or fourplex in the Vallejo market (or Greater Sacramento region), I’d be curious to hear what has happened to your rent levels over the past five years. Also, has the Assessor decreased your property taxes?
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?
