smartzip roseville top10 real estate investment market report july 2009

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TM Local Expert Insights • Recommend zip codes 93765 and 95678 as attractive markets • Approximately 75% of current listings are either bank-owned or short sales • Estimate that 70% of investor buyers are buying and holding/renting, but the remaining 30% are still flipping • Inventory levels are definitely being monitored closely by the lenders and they are not letting bank-owned property flood the market • Properties in short sales are being priced aggressively in a declining market so there are typically 10-20 offers on a new listing Overview Roseville is part of the metropolitan area of Sacramento (the city of Sacramento is 17 miles to Roseville’s southwest). Roseville was an unchallenged railroad center since it’s inception in the 1800’s through to the the 1940’s. By the 1950s the airline and trucking industries also got a foothold. While transportation is still strong there, today’s Roseville has branched out to the electronics industry has made its presence felt with both Hewlett-Packard and NEC Electronics becoming major employers in Roseville and South Placer County. A number of large retail centers and a large Auto Mall generate sales tax revenue for the State; for this reason, it is expected that once the economy turns around, the city will see a fairly rapid recovery. On the Map July 2009 | www.SmartZip.com ROSEVILLE, CA Key Investment Metrics Average SmartZip Score™ 71 Growth 60 Income Average Market Value: $333,471 $175 per Sq. Ft. 10-Year Proj. Appreciation: 64% Average Monthly Rent: $1,621 Average Cap Rate: 2.4% 10-Year Proj. Population Growth: 39%

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SmartZip's Analysis and insights into Roseville, CA as a fundamentally strong real estate market for investors and homebuyers, based on SmartZip's investment ratings and local insights

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Page 1: SmartZip Roseville Top10 Real Estate Investment Market Report July 2009

TM

Local Expert Insights

• Recommend zip codes 93765 and 95678 as attractive markets

• Approximately 75% of current listings are either bank-owned or short sales

• Estimate that 70% of investor buyers are buying and holding/renting, but the remaining 30% are still flipping

• Inventory levels are definitely being monitored closely by the lenders and they are not letting bank-owned property flood the market

• Properties in short sales are being priced aggressively in a declining market so there are typically 10-20 offers on a new listing

Overview Roseville is part of the metropolitan area of Sacramento (the city of Sacramento is 17 miles to Roseville’s southwest). Roseville was an unchallenged railroad center since it’s inception in the 1800’s through to the the 1940’s. By the 1950s the airline and trucking industries also got a foothold.

While transportation is still strong there, today’s Roseville has branched out to the electronics industry has made its presence felt with both Hewlett-Packard and NEC Electronics becoming major employers in Roseville and South Placer County.

A number of large retail centers and a large Auto Mall generate sales tax revenue for the State; for this reason, it is expected that once the economy turns around, the city will see a fairly rapid recovery.

On the Map

July 2009 | www.SmartZip.com

ROSEVILLE, CA

Key Investment Metrics

Average SmartZip Score™ 71 Growth

60 Income

Average Market Value: $333,471

$175 per Sq. Ft.

10-Year Proj. Appreciation: 64%

Average Monthly Rent: $1,621

Average Cap Rate: 2.4%

10-Year Proj. Population Growth: 39%

Page 2: SmartZip Roseville Top10 Real Estate Investment Market Report July 2009

Rosevile, CA Heat Maps

About the Top 10 Markets The SmartZip Top 10 Markets™ is a featured list of the top rated markets hand-picked by our panel of investment analysts. Candidates for the list are identified using our proprietary SmartZip Score™ ratings averaged across the Growth and Income investment strategies. Learn more at www.SmartZip.com

www.SmartZip.com | ©2008-2009 SmartZip, Inc. All rights reserved.

10 Year Population Growth 10 Year Appreciation Ratings

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