I’m wrapping up an report tonight for an investor in Carmichael. While crunching numbers and running data, I decided to do a little comparison of sales in Carmichael and Fair Oaks. So I graphed all detached single family residential sales (from MLS) over the past three years and came up with the following trend graph. I only [...]
Our Blog
Enjoy some posts on market trends, the tax appeal process and resources.
Riding the Same Wave in Carmichael & Fair Oaks
Monday, December 28th, 2009City of Fairfield Recent Sales and Pendings
Monday, December 21st, 2009Here is a quick trend graph for you of all sales in the city of Fairfield over the past 12 months (red dots) as well as all current pendings (blue dots). What do you notice? Does anything stand out to you? Can you decipher any citywide trends based on this scatter graph? By the way, the unemployment [...]
The Assessor’s Value vs. True Market Value
Monday, November 16th, 2009This is a graph I put together earlier today for a home owner as part of the total package for appealing his property taxes. All dots represent model match sales over the past three years in a specifically defined neighborhood in the Sacramento area. The Assessor’s Office bases their value for this year on January 1, 2009, which [...]
The Crashing of the Fourplex Market in Sacramento
Monday, November 16th, 2009I wrote previously about the “Bursting of the Duplex Market in Sacramento“, so I figured I’d also provide a graph of the fourplex market so we can see visually what has taken place over the past three years in Sacramento County. Yes, I know Sacramento County is a large territory representing many neighborhoods and sub-markets, but I [...]
The Up and Down Dynamic of Foreclosures and Short Sales in Sacramento County
Sunday, November 15th, 2009We hear so many voices in today’s real estate market talk about the foreclosure rate decreasing in the Sacramento Region. Is that true? Are there less REO (bank-owned) sales today than there were two or three years ago? Let’s look at some hard numbers below for Sacramento County. The information above is based on all residential sales listed in Sacramento Metrolist over [...]
Gold River Market Trends: Past 3 Years of Sales
Thursday, November 12th, 2009What’s been happening in the Gold River real estate market over the past several years? Gold River is a census designated place located just east of Rancho Cordova, south of the American River, and north of Highway 50. This HOA community has 25 separate villages and a combination of detached and attached housing – all single [...]
The Bursting of the Duplex Market in Sacramento
Tuesday, November 10th, 2009Do you remember several years ago in the Sacramento area when duplexes were selling for $400,000-$500,000+ like it was nothing? Well, the housing bubble burst and the residential-income market came crashing down along with everything else. The graph below displays all sales in Sacramento County for duplex properties. I know, Sacramento County is an enormous territory, [...]
What is the relationship between home values and unemployment? A look at Rancho Cordova
Thursday, October 8th, 2009I thought it would be interesting to take a look at Rancho Cordova sales over the past several years and simulataneously check out unemployment rates during that same time period. Is there a relationship between unemployment and the value of real estate? Generally speaking, the higher the unemployment rate, there is a good chance of lower home prices [...]
When is the deadline for appealing property taxes? (watch our video)
Tuesday, September 1st, 2009Here is 40-second video we put together that shows all the specific dates for property tax appeal deadlines for counties we serve. The ten local counties we provide service for in the Greater Sacramento Region have an appeal deadline of either September 15 or November 30. See the video HERE or watch below. NOTE: If the Assessor [...]
Reminder: When is the deadline for appealing property taxes in various counties? (Sacramento, Placer, Yolo, El Dorado, San Joaquin, Stanislaus, Merced, Sutter, Yuba, Solano)
Monday, August 31st, 2009The deadline for appealing property taxes in the following counties in the Greater Sacramento Region will be here very soon (especially in Placer County). Please have a look at the information below and let us know if you have any questions. We are available to help home owners understand the property tax assessment and appeals [...]
Real Estate Market Trends: Past 36 Months of Sales in Folsom, El Dorado Hills, Rancho Cordova & Citrus Heights (August 2006 – August 2009)
Friday, August 28th, 2009I put together a series of city-wide graphs to show the past three years of home sales within Folsom, El Dorado Hills, Rancho Cordova & Citrus Heights. It’s always interesting to me to take a look at a market-wide graphs to try and make sense of what property values have done over a specified time period. [...]
Quick Statistics: Los Banos & Patterson Sales in 2008-2009 – Foreclosures & Short Sales
Friday, August 28th, 2009The cities of Los Banos and Patterson are located in the Central Valley of California off of Interstate 5 in Merced County and Stanislaus County respectively. If you are not from the area, but you have traveled through California along I-5, chances are you have at least seen exit signs for both Patterson and Los Banos. We [...]
What makes us Different?
Saturday, August 1st, 2009You may be wondering if we are one of those companies that sends you something in the mail that looks like a tax bill, but is really a bill to us. Well, that’s not us. No, we aren’t one of those companies that sends out mass mailers. There are a number of ways we are [...]
True Value = $80,000 Lower than Assessed Value
Saturday, August 1st, 2009Yesterday I posted a graph showing the difference between assessed value and market value. Today I have one more real-life example of this phenomenon. The property below was assessed at $210,000, and after my tax appeal process I determined the home to be worth $130,000. That’s quite a difference and represents roughly $800 in taxes. Ouch. [...]
