Recent Articles
How far has the Sacramento real estate market declined since the “bubble” burst?
Home owners often wonder how far the real estate market in the Sacramento area has declined since the housing “bubble” burst several years ago. Or in other words, if you bought your house today, how far back would you have to go to find the same price in the past? The graphs below from the Sacramento Association of Realtors help answer this question as they compare median sales price in respective zip codes to the county-wide median sales price from 1997 to 2010.
Have a look at the following graphs, see my commentary below, and let me know what you think. What do you see?
Carmichael Trend Graph (95608 zip code):
Elk Grove Trend Graph (95624 zip code):
Elk Grove Trend Graph (95758 zip code):
Fair Oaks Trend Graph (95628 zip code):
Greenhaven / Pocket Trend Graph (95831 zip code):
Land Park / Curtis Park Trend Graph (95818 zip code):
Mather Trend Graph (95655 zip code):
West Sacramento Trend Graph (95605 zip code):
Basically, if you bought a house today in the post-bubble real estate market in Sacramento, you’d be paying somewhere around late 2001 house prices generally (depending on the area of course). Many areas currently have a median price somewhere just before 2002, while some of the higher-priced zip codes tend to have a median price level right now closer to 2003-ish level. Keep in mind too that each house is different and may or may not be consistent with the overall zip code trend.
If you have any questions or insight, I’d love to hear your comment belows. If you have a need for my real estate appraisal or consluting services also, feel free to call 916.595.375, visit my website at www.LundquistCompany.com or email ryan@LundquistCompany.com.
How do the graphs above strike you?
Which house is overbuilt for the neighborhood?
I came across this street in Sacramento last week and shot a quick video. Which house do you think might be overbuilt for the area? Does one stand out to you? The answer is obvious, I know, because one house is defnitely 2x or more the size of surrounding houses.
What disadvantages or advantages might an overbuilt house have? I’d love to hear your comments and stories below.
Let me know if you have any questions. Call 916.595.3735, email me, or contact me through my appraisal website.
What Legos can teach us about real estate
Did you play with Legos as a kid? After building a four-story home recently with my six-year old son, I snapped a few photos to show just how much Legos can teach us about real estate. These images will give you a glimpse into some of the things I see while inspecting properties in the Sacramento area. Have a look and let me know if you notice anything else too.
I hope you enjoyed the pics. If you have any questions about real houses in the Greater Sacramento Region, give me a call at 916.595.3735, see my website, appraisal blog, catch me on Facebook, or send me an email.
Appraising the myTouch 4G phone in Sacramento
I mentioned a couple weeks ago about getting a new phone for my appraisal business. Well, during some time off last week I bought a myTouch 4G by T-Mobile. This is definitely an upgrade from my G1.
The features I like most so far about the myTouch4G include: the internet speed is so much faster than my previous phone, it plays flash videos, tethering, two camera lenses, there is a flash on the camera, it’s very easy to sync with Google apps, the flashlight app is far more than just a lit-up screen, it has a decent camera and a great video camera, no dropped calls yet, and there are seven screens. It doesn’t have a pull-out keyboard, which I thought would be a deal-killer for me, but I’ve adjusted quite easily to the on-screen touch keyboard.
Here is a video overview of the myTouch 4G below (or an external link). It came out a bit blurry unfortunately, so next time I won’t shoot with my Flip camera for up-close videos.
On the job I anticipate using the following apps and features the most: Square (to accept credit card payments by phone), flashlight, video, camera, email and internet of course, social networking to connect with clients, Google Voice, Google Calendar, and Google Maps. The phone does have a video chat feature, but I don’t know that I’ll really use that during the business day.
Having the right technology for business these days is very important to me so I can stay in touch with clients and be a quick resource as needed. What tech gadgets make your business run smoothly?
If you have any questions or real estate appraisal needs in the Greater Sacramento Region, give me a call at 916.595.3735, see my website, appraisal blog, catch me on Facebook, or send me an email.
