SACRAMENTO PARK NEIGHBORHOODS

SACRAMENTO PARK NEIGHBORHOODS

Along with being the “the city of trees”, Sacramento is also home to several prominent parks some of which lend their names to some great neighborhoods.  WILLIAM LAND PARK is probably the granddaddy of them all and is the focal point for the impressive land park neighborhood.  Its namesake William Land was a Sacramento pioneer who built one of the first hotels in the City.  The park area is home to the Sacramento Zoo, the landmark Vic’s Ice Cream Parlor as well as the City’s oldest golf course.  It also features Fairytale Land, Funderland and pony rides for the kids.

Land Park neighborhood boundaries:


Like East Sacramento, the Land Park neighborhood boasts some of the most beautiful and prestigious older homes in the City, with a wide range values…and sizes.  Prices tend to be lower in the area west of Riverside Blvd as well as on some of the neighborhood’s boundary margins.  During the 12-month period from 8/1/13 through 7/31/14, prices ranged from $235,000 to $1,755,000.  The property that sold for $235,000 was an 868 sq ft home with 1-bedroom and 1-bath while the $1,755,000 home was 3,950 sq ft with 5-bedrooms. 

The table below shows the average square footage and average price by number of bedrooms for homes sold during the period.


There were only 155 sales for the entire year with an average price of $476,904 and a median price of $415,000.  The average price exceeded the median prices for the most of the year.  See the table and graph below:  




I thought it would be interesting to see the Land Park median prices for the twelve months ending 7/31/14 juxtaposed with the East Sac and the overall Sacramento County median prices for the same period:
 


Sean Safholm BRE#01270334 Headshot
Author:
Phone: 916-920-7000
Dated: August 20th 2014
Views: 398
About Sean: Sean Safholm started his career in real estate in 1999 when he was going to college to study real es...

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