Change in Median Price by Zip Code Since Market Peak

Sacramento County – September 2010

with analysis by Joel Wright

Zip Median Sold August 2005 % Drop since $ Drop Since

Area
Code Price Sold Price Aug. 2005 Aug. 2005
95605 West Sacramento $114,000 $302,500 62.3% $188,500
95608 Carmichael $249,700 $450,000 44.5% $200,300
95610 Citrus Heights - East $180,000 $375,000 52.0% $195,000
95621 Citrus Heights - West $169,000 $350,000 51.7% $181,000
95624 Elk Grove - Old $227,000 $450,000 49.6% $223,000
95626 Elverta $182,250 $307,500 40.7% $125,250
95628 Fair Oaks $280,458 $491,000 42.9% $210,542
95630 Folsom $328,500 $552,500 40.5% $224,000
95632 Galt $168,000 $395,000 57.5% $227,000
95638 Herald $345,000 $629,950 45.2% $284,950
95655 Mather $175,000 $384,000 54.4% $209,000
95660 North Highlands $113,000 $299,000 62.2% $186,000
95662 Orangevale $202,500 $375,000 46.0% $172,500
95670 Rancho Cordova $188,750 $416,500 54.7% $227,750
95673 Rio Linda $157,250 $369,000 57.4% $211,750
95683 Rancho Murieta $285,000 $623,000 54.3% $338,000
95691 West Sacramento $240,000 $440,000 45.5% $200,000
95693 Wilton $424,500 $909,701 53.3% $485,201
95742 Rancho Cordova - New $260,000 $0 0.0% $0
95757 Elk Grove - New $254,000 $0 0.0% $0
95758 Elk Grove - New $202,700 $512,000 60.4% $309,300
95814 Downtown $0 $418,000 100.0% $418,000
95815 North Sac. - Del Paso $63,000 $265,000 76.2% $202,000
95816 Midtown $302,500 $406,000 25.5% $103,500
95817 Oak Park $94,000 $275,000 65.8% $181,000
95818 Land Park $344,000 $465,000 26.0% $121,000
95819 East Sacramento $365,200 $444,000 17.7% $78,800
95820 Stockton Blvd. $80,001 $295,900 73.0% $215,899
95821 Arden Area $168,000 $350,000 52.0% $182,000
95822 South Sac. - Freeport $91,944 $315,000 70.8% $223,056
95823 South Sac. - Florin $115,000 $330,000 65.2% $215,000
95824 Fruitridge $78,000 $269,900 71.1% $191,900
95825 Arden Area $167,500 $360,500 53.5% $193,000
95826 Rosemont $160,300 $365,000 56.1% $204,700
95827 Rosemont $160,000 $340,500 53.0% $180,500
95828 South Sac. - Florin East $140,000 $350,000 60.0% $210,000
95829 South Sac. - Vintage Park $214,500 $419,900 48.9% $205,400
95831 Greenhaven $336,000 $485,000 30.7% $149,000
95832 Meadowview $118,000 $302,500 61.0% $184,500
95833 Natomas - Old $156,500 $375,000 58.3% $218,500
95834 Natomas - New $200,000 $423,500 52.8% $223,500
95835 Natomas - New $229,250 $485,000 52.7% $255,750
95838 North Sacramento $75,000 $310,000 75.8% $235,000
95841 Arden Area $155,000 $349,500 55.7% $194,500
95842 Foothill Farms $140,000 $335,000 58.2% $195,000
95843 Antelope $192,500 $400,400 51.9% $207,900
95864 Arden Area $327,500 $514,500 36.3% $187,000
 Change in Median Price by Zip Code Since Market Peak
Sacramento County – September 2010
with analysis by Joel Wright

Market Price Decrease Analysis: Sacramento County & West Sacramento

The median* price of home sales has dropped a total of 54.2% since the reaching its highest price point
in August 2005 ($392,750). The median price in September 2010 has reached $180,000.

The areas that have been the least affected by the downturn in the economy are older gentrified areas –
95819 – East Sacramento, 95816 – Midtown, 95818 – Land Park that represent Sacramento’s core
neighborhoods that surround downtown. These areas were all built before 1950 and seen as desirable
places to live.

The hardest hit areas showed more than a 70% drop from the high are the older areas of North
Sacramento 95815 – Del Paso Heights and 95838 – Marysville Blvd. and South Sacramento 95820 –
Stockton Blvd. North of Fruitridge, 95824 – Stockton Blvd. South of Fruitridge, 95822 South and East of
the Executive Airport. These areas also are older with homes dating predominantly from the 1930’s to
the mid 1960’s and surround the least affected zip codes on the North and South.

(95814 – Downtown Sacramento is also typically in this group, but sale prices fluctuate dramatically and
0 sales occurred that were reported to the MLS in September 2010.)

Square footage also varies for these distinct home types. In the gentrified core where value has been
retained the average square footage is between 1,400 and 1,800 square feet per dwelling. In the zip
codes of North and South Sacramento the average square footage is between 800 and 1,250.

The areas West of Downtown (West Sacramento) have dropped 45% (95691 – newer West Sacramento)
and 62% (95605 – older West Sacramento), and the areas East of C.S.U. Sacramento and East
Sacramento (the Arden area) have dropped 36% (95864) and 52% - 53% (95821 & 95825).

OTHER AREAS:

Other areas that have performed better than the market are:

Carmichael (95608), Fair Oaks (956228) & Orangevale (95662) which have dropped between 42% and
46% about 15% less than the market as a whole.

Areas that have lost more than the market as a whole are:

Other areas in South Sacramento have also lost between 60% and 70% of their equity, including: 95823,
95832, 95828, 95817.

Foothill Farms (95842) and North Highlands (95660) have also lost between 58% and 62% in value.

These areas fell right in line with the market median price drops:

Citrus Heights (95610 & 95621) have dropped 52%, Rosemont (95826 & 95827) fell 56% and 53%, and
Rancho Cordova (95670) has lost 54% since the high.
 Change in Median Price by Zip Code Since Market Peak
Sacramento County – September 2010
with analysis by Joel Wright

ADDITIONAL NOTES:

Areas like 95742 – Rancho Cordova and 95757 – Elk Grove are new subdivisions with little to no resale
statistics from 2005 with which to compare them.

* Median Price is the middle number where the number of houses that sold for more is the same as
those that sold below that price. It is generally more stable and not subject to dramatic shifts like
average price when a few homes sell very high prices.