I hope everybody impacted by the PG&E power outages are back in full swing after weeks of random outages. I know my office was impacted as well and made for some creative game planning around the outages the last few weeks. In the foothill...
In my foothill market area, some areas have long, meandering gravel/dirt roads. The roads can definitely vary in condition and appeal. Some are long and adequately maintained gravel and/or dirt. Some can be bumpy, fair to poor condition, have areas of rocks, etc. Either way,...
Lake of the Pines is a popular gated subdivision in Nevada county. 99% of the homes are detached SFRs. However, there is one street in LOP comprised of attached halfplexes/duets known as Lone Pine Drive. Every once in a while I'll receive an assignment on this street and...
With recent mortgage interest rate drops, there has certainly been an influx of refinance work available. I know this to be true as I've been solicited from some companies that I normally don't complete much or any work for. The ability to refinance has been advantageous especially for buyers...
Below is a recent graph configured for a recent appraisal assignment in Lake of the Pines. The subject is a true 2 BR and wanted to visually see the market of how 2 BR compared to 3 BR SFRs. This is helpful as there were...
Attached are two recent sales charts for Area 12305 (Alta/Dutch Flat/Emigrant Gap). Due to less annual sales in this market area, it's important to look at data over longer periods of time. Regarding the segmented market (1300-2300sf, 1.5 ac or less), there is definitely an...
It's a USPAP requirement to review and report the subject's 3 year sale/transfer history and the subject's 12 month listing history. This does not preclude us from analyzing the subject's transfer/sale(s) prior to the 3 years. In fact, reviewing the subject's prior sale(s) can help...
We all generally know that the real estate market is slowing. But that statement alone is vague. As a professional, we need to know more specifics about our market to convey to our clients. Let's take a closer look at some data. This is only one component...
Happy New Year! I hope everybody is refreshed as the new year starts rolling. I am hearing nationally and locally more and more news that the market is slowing. While that is stating the obvious, I think its imperative to embrace the market changing and look...
Over the past few years, there has been continued questions and at times misinformation as far as what is appropriate communication between real estate agents and appraisers. The industry tends to shift in extremes and went to the far extreme in the post 2008 real...