Roseville, Rocklin, Lincoln, Loomis, Granite Bay - Placer County, California - Real Estate Blog - Souza Realty

head_left_image

Real Estate Recovery in Lincoln, CA - Lot Sales Are Up At Catta Verdera Country Club

Real Estate Recovery in Lincoln, CA - Lot Sales Are Up At Catta Verdera Country Club

Catta Verdera Country Club - 2011 Lot Sales

Lot sales at Catta Verdera Country Club in Lincoln, CA have officially hit bottom this year, with lots selling at $50,000 (March 2011), $49,000 (April 2011) and $60,000 (May and June 2011). Since then, sales prices of vacant lots at Catta Verdera have doubled, with the last three sales closing at $130,000 (June 2011), $100,000 (June 2011) and $130,000 (July 2011). There is one pending sale of a Catta Verdera lot at $150,000.

Catta Verdera Country Club - Lincoln, CA 95648

With all of this recent sales activity for vacant lots at Catta Verdera, I'm wondering when we'll start seeing another construction project breaking ground, since there hasn't been any new construction in Catta Verdera for a few years now. My guess is that the next home will be designed, built and lived in by the owner. With the high cost of building permits in Lincoln, combined with holding costs that include monthly HOA dues and high property taxes with extra assessments, a builder can't compete with existing home sales by trying to make a profit by building a spec home.

Page copy protected against web site content infringement by Copyscape

BOB & LEILANI SOUZA
Real Estate Investment Specialists
Southwest Placer County, CA

Souza Realty, Bob & Leilani Souza - Real Estate Investment Specialists in Southwest Placer County, CA

Bob Souza - 925.513.3400 - bob@souzarealty.com

Leilani Souza - 916.408.5500 - leilani@souzarealty.com

Souza Realty - Real Estate in Roseville, Rocklin, Lincoln, Loomis and Granite Bay, CA

FORECLOSURES : TRUSTEE'S SALE AUCTIONS : INVESTMENTS
LOTS AND LAND : PROPERTY MANAGEMENT : RENTALS

Roseville : Rocklin : Lincoln : Loomis : Granite Bay
Auburn : Newcastle : Penryn : Meadow Vista
 

Souza Realty on Facebook   Leilani Souza on LinkedIn   Souza Realty on Trulia   Souza Realty on Twitter   Souza Realty on YouTube   Souza Realty on Zillow

SEARCH CALIFORNIA FORECLOSURES FOR FREE:

Search Foreclosures in Roseville, California   Search Foreclosures in Rocklin, California   Search Foreclosures in Lincoln, California   Search Foreclosures in Loomis, California   Search Foreclosures in Granite Bay, California

Copyright © 2002-2012 Souza Realty | All Rights Reserved | DRE #01262541

6 comments • Bob & Leilani Souza (Placer County, CA) Foreclosures, Trustee Sales, Lots & Land • August 21 2011 10:58PM

Comments

This is some very positive news indeed. Lets hope this trend continues.

Posted by Malcolm Johnston, Trenton Real Estate (Century 21 Lanthorn Real Estate LTD., Trenton, Ontario) 9 months ago

Up is great!  That's the signs we are looking for.  Our market in Northern Nevada is so dependent on your market in CA ... I'm happy to hear you have some good news!

Posted by Lisa Wetzel CDPE, SFR carsonvalleyland.com (RE/MAX Realty Affiliates) 9 months ago

Glad to see that, Leilani!  It is so pretty out there!!!

Posted by DeeDee Riley El Dorado Hills Realtor (916)225-2719 (Lyon Real Estate - El Dorado Hills CA) 9 months ago

HI Bob and Leilani,

Those are some significant price increase and over a rather short period of time, people are really getting back to busines in Catta Verdera

Posted by Peter Pfann (250) 213-9490 PAY-LESS For Victoria Property Results. (FAIR Realty, Victoria BC www.Pay-LessRealty.com) 9 months ago

Leilani, when pricing starts increasing - sure does resemble real estate recovery!    Great post Leilani, and hope you get more lot sales in the Country Club!

Posted by Joan Cox, Denver Real Estate-720-231-6373 (Metro Brokers - House to Home, Inc. - Denver Real Estate) 9 months ago

That's great to see, Leilani. Wonderful post!

Posted by Toni Weidman- New Port Richey-FL Homes (Re/Max Sunset Realty-Trinity-Holiday-Port Richey-Hudson) 9 months ago

This blog does not allow anonymous comments