The real estate market in Gold River CA is red hot!

Thinking of buying or selling a home in Gold River California?

Gold River is an interesting town.  It is a planned community, comprised of a number of villages, each designed and built by a different builder.  There are a few condo communities, but most are single family homes, and all of the villages are immaculately maintained and beautiful, with parks that range from larger regional parks to little pocket parks nestled among the lovely homes.

Gold River is bordered to the north by the American River, on the south by the 50 Freeway, and to the west and east by Sunrise Blvd and Hazel Avenue.

Gold River villages have a very active homeowners association, and the HOA dues cover maintenance of front yards and many community services that the residents appreciate. 

They also work hard to maintain high standards in the uniformity of styles and all homes are neat and well cared for.  All homeowners do appear to take pride in their homes.

While market reports for many communities can be graphed by zip code, it is more difficult to do for Gold River because it shares a zip code with a neighboring city, Rancho Cordova, which is quite different, but is just across Sunrise Blvd from Gold River. 

It too is a nice town, but has a very different flavor and is not part of a planned community so that there is little uniformity in styles and sizes of homes.  There is also no homeowners association, so residents do pretty much what they want with their homes.

Some will prefer one type of community and some will prefer the other, so linking them together in the same zip code can give some mixed results.  The best way to start when using zip codes, therefore, is to work within the most popular price ranges, and after that we can compare more precise locations, and whether or not there are HOA dues.  Almost all of Gold River has HOA dues, but they are often only about $140 month. 

The most popular price point in the area appears to be $200,000-$399,999, and most Gold River homes do fit within that range these days.  There are some that are a bit higher and a very few that are much much higher priced and can skew the statistics, so I eliminate those from consideration unless we are specifically looking in that range.

In evaluating the state of a market area, it can also be useful to see the market trends, rather than a static snapshot of market conditions at any given moment.  Here is a graph showing how the market in single family homes is improving over-all in Gold River, California over the past 15 months.

Pended means that an escrow was opened, and Sold means that the escrow closed with a completed sale.

One problem with the news reporting is that they seem to pick out a very
simplified set of numbers.  They wil

l say things like:  There were fewer
sales last month or prices are down. 

My questions are:  Fewer sales of what?  And prices on what?  Where?  Those “news” statements don’t reflect my experience here in Sacramento County, and in such communities as Gold River.

Inventory is very small in Sacramento County these days and consequently, homes are sold quickly, and sometimes for a bit over list price because there are lots of buyers out these days, eager to take advantage of the lowest interest rates in 60 years.

Below are the past 15 months of Gold River/Rancho Cordova (95670) active listings, closed sales, and pendings (those for which a contract has been submitted to escrow) in the price range of $200,000-$399,999.

Also, most homes in Gold River are between 1900 and 2500 square feet.  The available inventory of these homes has shrunk to almost nothing, as you can see in this chart, which depicts how many months of inventory there is available as of the end of each month.

In most price ranges, there are fewer homes sitting on the market, more sales and pendings, and with multiple offers on the narrowing inventory, the prices are beginning to inch up.  You can see that in May there was only .3 month or 10 days worth of available inventory!  That is incredible, since the average over time has been about 6 months.

With interest rates still historically low, now is a great time to buy.  And with a smaller inventory, sellers have less competition, so it is also a great time to sell!  Our local market is achieving a great balance – and that is good for all.

So I think you can see that the real estate market in Gold River CA is recovering well, and in fact is beginning to tip toward being a sellers' market. The old cries of doom and gloom for sellers is over and our market is stabilized.

Call me if you are interested in buying or selling a home in either of the wonderful communities of Gold River or Rancho Cordova and I would be glad to help you in any price range that fits your needs.

******************
Susan Neal
Broker / Realtor

Susan Neal Fine Properties

Century 21 Noel David Realty
Fair Oaks, California

Full time real estate services in Fair Oaks CA, with friendly professionalism, 30+ years experience. 
I work hard to give my buyer or seller a low-stress transaction.

"Happy clients make me happy."

For all your real estate needs or questions, call me at (916)705-8951 or visit my website at www.SusanNealFineProperties.com.    

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