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Sacramento Real Estate Investment Boom
| | Monday, September 13, 2004 @ 03:54 PM EDT
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Contributed by: Michael Setz
Michael Setz Properties
Read more archived articles about News and Announcements
Sacramento is Hot! And I'm not just
talking about the weather. The real estate market is white hot, and there's a
lot of good reasons. Look out Las Vegas, Sacramento is set up to be the next hot
region for real estate investment.
Whether you are just beginning in real estate
investment, or an expert investor, you can make money investing in some of the
most beautiful and relatively affordable property in the nation. And best of
all, its California Real Estate! Some of the most valued property in the
USA.
The World knows California for so many
wonderful things; Hollywood, Disneyland, Beaches, Mountains, Deserts.
There's the Bay, Yosemite, Redwoods, The Silicon Valley, which, by the way, is
some of the most valuable property not only in California and the United States,
but the World.
It has some of the most beautiful and desirable
coastline; From the warm Southern California beaches to the cool, crisp, rocky
Northern Coast. San Diego, L.A., Santa Barbara, Pismo Beach, Carmel, Monterey,
San Francisco, Mendocino.
And the literal heart and mind of California is
Sacramento. Hidden in the shadow of so many great attractions to a great
and golden state is this little river city so vital and vibrant, modest and
regal, soft and spectacular, all at the same time.
What makes this simple city so special, you ask?
And why would I want to invest in Sacramento real estate? Let me explain.
First of all, it is so perfectly located
within California as to be within a two hour drive to some of the best
attractions in California, and a half a days drive to many others. You can be in
Lake Tahoe skiing in the morning, and in San Francisco for Dinner.
The Greater Sacramento Region consists of
seven counties, which includes:
-
Sacramento County
-
Placer County
-
El Dorado County
-
Sutter County
-
Yuba County
-
Nevada County
-
Yolo County
Each one of these counties has an outstanding
location with a high quality of life for all its inhabitants. Each county also
has its own growth and terrific opportunities for investment, both commercial
and residential.
There is a high quality lifestyle in
Sacramento. Affordable housing can buy you a much bigger, newer house than
in other areas. We have quality Indian Casinos in Western Placer County, which
is the Gem of the Sacramento Region.
The job market is strong. Sacramento is
the State Capitol, so politics and government abound. The support structure for
this activity affords a great service market. There are also several
high-technology corporations in Sacramento like HP, Apple, NEC and Aerojet. In
Sacramento they can afford more warehouse and manufacturing space than most
other locations in the state.
It is a central hub for both North/South and
East/West transportation. There is a large rail and carrier presence in
Sacramento Metropolitan area. Major Freight carriers are located here for many
of the same reasons.
There are great schools and universities.
Cal State University at Sacramento (CSUS), UC Davis, known for its outstanding
life sciences, engineering and medicine curriculums. There are numerous
Community colleges: Sacramento City College, American River, and Sierra College
to name a few. And the recently opened William Jessup University. Other schools
are also considering satellite campuses.
Agriculture is a key component. Sacramento
is located in the heart of the California Central Valley. It has one of the most
productive and fertile locations on Earth. The Port of Sacramento aids
California growers to ship hundreds of thousands of tons of food to the world
each and every year. And of course, you always have the freshest fruits and
vegetable here because they are all grown locally.
It has affordable housing, relative to the rest
of California. You can buy a high quality housing and enjoy the one of the
richest social and cultural environments ever. In fact, much of the phenomenal
growth can be attributed to migrations of families from the San Francisco Bay
Area and the Silicon Valley. With prices so high, many people are forced to move
inland to seek affordable, quality homes.
Basically, the economy is rock solid with a
diverse and productive infrastructure. Along with this virile economy is a
healthy job market, so demand for affordable housing has been outpacing supply
at a record pace.
And the great news is that the Greater
Sacramento Metropolitan Region is forecasted to continue this record growth for
at least the next 5 years!
From an investment perspective, the market
is on fire, with the average property value appreciating at around 17%, with
many doing well over 20% annualized. This puts investors in an excellent
position to profit from buy and hold, as well as fix and flip for the
first-time homebuyer.
There is a lot of flat, undeveloped land ready to
build. Developers are swooping in to snatch up vast amounts of land for
development. I personally believe that there is a huge opportunity here by
simply following the path of development.
There is, of course, development in all
directions from Sacramento Proper. But there are differences. The East is
basically limited by the Sierra foothills. development is strong in this area,
but limited. The West has growth also, especially in West Sacramento, which has
long been dormant and overshadowed by industrial parks. South Sacramento has
seen the biggest growth in the town of Elk Grove. It is limited ultimately by
the Delta.
But North Sacramento is a huge area just now
being developed. The Highway 99 corridor is soon to become a major artery
between Sacramento and Yuba City. There is ample land for development with no
natural boundaries. It, I believe is the area for large scale development and
the biggest future growth.
There are already world-class developments like
Del Webb Sun City in Roseville and Lincoln California. Elk Grove and Natomas,
Yuba City and West Sacramento. All have tremendous opportunity for current and
future growth.
Real estate all over the US has risen in value
over the last several years as people pulled money out of the stock market
looking for better performing investments. There is no doubt that it will be
worth watching Sacramento in the future.
Note: Michael Setz is the founder and author of realestateinvestment.net - The network for successful real estate investors. You can contact him personally here.
Word Cloud:
boom here great housing many which some estate county area located with land market other just have state affordable real most california growth west there also development sacramento region property quality high yuba this investment city over
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