What do you notice about the graph above? It looks like the upper end of the market above $550,000 has pretty much disappeared during 2009. It’s also evident that in the midst of a downward trend over the past several years that there have been few sales under $300,000. What else do you see? If you are a local Realtor or home owner in Gold River, what insight do you have into your market, and why is Gold River desirable to buyers in the marketplace (as a real estate appraiser, I love to hear people respond to questions like this)?

Gold River Real Estate Market Data:

• 251 sales over the past 3 years
• 62 sales over the past 12 months
• 13 sales over the past 90 days
• 11% of all sales over the past 12 months were REO (bank-owned)
• 3% of all sales over the past 12 months were Short Sales
• 29 current active listings
• 13 current active short sale listings
• 6 current pendings

The lower Western portion of the Gold River area is comprised of a subdivision called “Gold River Station”. Since Gold River Station is not a part of the Gold River HOA, it was prudent to look at data separately from Gold River. Sometimes outsiders to the area get confused about Gold River Station and therefore lump it in with Gold River, but it’s not a part of the Gold River neighborhood.

It’s not hard to see that there is a big value difference between Gold River and Gold River Station. Whereas there are few sales under $300,000 in Gold River, it appears that most recent sales in Gold River Station sold under $300,000. What else do you notice when comparing the graphs?

Feel free to contact me at 916-595-3735 or ryan@lundquistcompany.com if you have any questions about the local real estate market or any appraisal needs.

www.lundquistcompany.com/blog Gold River Market Trends: Past 3 Years of Sales

The graph below analyzes the entire 95670 zip code and contains Gold River area sales in blue and Rancho Cordova sales in red (not 95742 zip code – “Anatolia” neighborhood of Rancho Cordova).  

“Gold River HOA” excluding “Gold River Station” – 95670:
- 74 sales in past 12 months
- 12% of sales were bank owned
- 2.5% were short sales
- Low Sale: $235,000
- High Sale: $650,000
- Overall Median Price for Past 12 Months: $414,000

Rancho Cordova – 95670:
- 458 sales in past 12 months
- 64% of sales were bank-owned
- 12% of sales were short sales
- Low Sale: $71,150
- High Sale: $580,000
- Overall Median Price for Past 12 Months: $190,000

“Gold River Station” in Gold River – 95670:
- 17 sales in past 12 months
- 41% of sales were bank owned
- 1 short sale
- Low Sale: $263,000
- High Sale: $340,000
- Overall Median Price for Past 12 Months: $315,000

The data above is from mid-February 2009 and is based upon Sacramento Area MLS through a search of SFR properties. It is interesting to see a much higher foreclosure rate in the city of Rancho Cordova in the 95670 zip code in comparison to the Gold River community.

Lundquist Appraisal Company is based out of Rancho Cordova and knows the local area very well. We do also appraise properties within ten counties surrounding the Sacramento area. See www.lundquistcompany.com or www.ranchocordovaappraiser.com for more information.

NOTE: The lower Western portion of the Gold River area is comprised of an area called “Gold River Station”. Since Gold River Station is not a part of the Gold River HOA, it was prudent to look at data separately from Gold River.

http://www.lundquistcompany.com/blog Property Value in the 95670 Zip Code: Gold River, Gold Station, Rancho Cordova