The real estate market in Gold River in October shows how highly localized real estate markets are. Gold River is doing quite a bit better than the areas around it.
To take one example, overall in Sacramento County in Octber, over one third of the homes that sold were REOs ("bank repos"). But in Gold River, on the other hand, none of October's sales were REOs. In fact, no foreclosures have sold all year in Gold River, or last year either. However there are two foreclosures currently in inventory — this is 5% of the inventory, compared to approximately 20% of the active inventory for the whole county.
Gold River's homes have kept their value reasonably well compared to other areas in Sacramento County as well.
In the the January-October period in 2007, seventy-one units sold in Gold River, down 6.6% from the first ten months of 2006. Gold River homes lost only 6.6% of their value (sold price per square foot). The median Gold River home selling price fell from $537,500 in Jan-Oct 2006, to $499,000 during the first ten months of 2007, a 7.2% drop. At the same time, the average selling price fell 4.4%, from $545,041 in 2006 to $521,156.