Sacramento Area Duplex Market – Latest Report – Guess What…?

Yes There Is More Inventory and Fewer Sales.

I’ve noticed this recently as I drive around the region.   Below is the graph that shows the market in the last couple of months and I think you’ll agree the pendulum is moving back towards a Buyer’s market.

Don’t get me wrong.   There are properties out there that get multiple offers if they are in great condition, have the rents at market and of course “priced right”.

Anyway… check out the graphs and data below

 

Duplex Sales - July - Sept 2013

duplexes days on market

I hope you found the above useful and informative.

In the Mean Time…?

Make it a Great Day…!

Ed Favinger, Broker CRS, GRI, SFR, CDPE        916-203-1260     favinger@rwnetwork.com

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It’s the Fall Season – Now’s The Time to Improve The Landscaping..!

Trees In this Area Raise the Value of Your Home Or Investment – Some Helpful Links to help you pick the “right tree”…

Anyone who follows this blog site or is a current/past client of mine knows how I feel about the impact of  good landscaping on a Home or a Rental Investment Property.

Here’s a short slide show below that shows a “before” and “after” of a Duplex in Orangevale that we manage.

Today is Sept 29th and already you can feel the evening air is a little more crisp and mornings are kind of chilly.   I bet you have noticed in the last couple of days that the trees in the area are beginning to change their color.

What Kind of Tree

We are having a discussion right now in our company regarding landscaping improvements and a planting day for various properties we manage throughout the region.    Among the discussion was some suggestions of various kinds of trees.

I’m partial to deciduous trees because they are fast growing and give some great colors.

Here’s a great resource to help you find the right tree.  It’s the Sacramento Tree Foundation’s website.

Here’s a list of what they will tell you that I found informative.

  • The Scientific Name
  • Mature Height
  • Mature spread
  • Leaves
  • Fruit
  • Root system – where it has large surface roots
  • Where you can see a “specimen”
  • and… “minimum” planting distances from fences… pools… between trees etc.

I looked up Red Maple and took a drive out to Carmichael near the intersection of Oak Avenue and California Avenue to get a picture of it.  It is a big tree as you can see.  I didn’t have time to go to the other locations that show smaller specimens.

If you wanted to see what a mature tree looks like before you plant it, this is a great resource for you.

I hope this gives you some useful information.

In the mean time…?

Make it a Great Day…!

Ed Favinger Broker, CRS, GRI, SFR, CDPE     916-203-1260      favinger@rwnetwork.com

 

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Bank Owned Fixer Upper Duplex in Citrus Heights…!

I like the location but it will take some work and imagination

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I ran across this Duplex located at 6553-6555 Mauana, Citrus Heights when I noticed that the listing agent had reduced the price by $25,000 down to $200,000.   I think it’s still overpriced because of it’s condition, but in this market who knows for sure.

I have estimated that to do this right you’d need about $45,000 in fix up, but that will mean you will wind up with new kitchens, bathrooms, paint etc.

After the fix up, if you could buy this property at that price it would still have a decent cash flow given the current market.  Click Here to see the Proforma Cash figures for 6553-6555 Mauana, Citrus Heights

Take a peek at the short walk through video here below.  Let me know what you think.

 

In the mean time…?

Make it a Great Day…!

Ed Favinger, Broker, CRS, GRI, SFR, CDPE      916-203-1260    favinger@rwnetwork.com

 

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