Sentinel staff report–
Latest local news briefs include an update on home sale price trends in Citrus Heights, the Grocery Outlet shopping plaza at Greenback Lane and Auburn Boulevard selling for $13 million, a local tax audit-defense firm moving out of the city, and more.
Report: average Citrus Heights home sale prices up over 10% in August
Latest housing market trends published in The Sacramento Bee on Tuesday show average Citrus Heights home sales rose more than 10 percent in August of this year, compared to August 2016. In the 95610 zip code, which covers the eastern half of Citrus Heights, home sales were up 10.4%, rising from an average of $313,500 in August last year up to $346,000 this year. In the 95621 zip code, which covers the western half of Citrus Heights, home sales rose 15.3%, rising from an average of $270,000 up to $311,000.
The report included data for sales of detached single-family homes and also included price comparisons of homes sales of all zip codes in the Sacramento region. (See SacBee report)
Grocery Outlet shopping plaza sells for $13M
The Creekside Shopping Center at the corner of Greenback Lane and Auburn Boulevard has been sold for $13 million, according to a report in the Sacramento Business Journal last month. The center includes Grocery Outlet, Petco and Dollar Tree, as well as several other smaller stores and restaurants. Future plans for improvements to the property are unknown, but Sara Wheeler, whose family owns the Citrus Heights Grocery Outlet, told The Sentinel on Tuesday she is hopeful “this will be an opportunity to make the property even better.”
The center was sold as an exchange deal to Las Vegas-based W.Y. Heritage Grove, LLC, according to The Journal. (See full story)
More Briefly:
- The City of Citrus Heights and Chamber of Commerce held their annual business walk on Wednesday, gathering feedback from business owners on Sunrise Boulevard near Woodmore Oaks.
- A Citrus Heights-based tax audit-defense firm, Taxaudit.com, has hired a new CFO and will be moving to Folsom (read more).
- A benefit dinner was held at the Citrus Heights Community Center on Friday night in recognition of the 26th independence day anniversary of Ukraine.
