Search Results for "gold river"

EDD finally posted January 2010 unemployment rates. They typically get new data on their website about 20 days into the next month (for the previous month), but this time around they took quite a bit longer. Maybe they didn’t want to release discouraging numbers (just kidding). Actually, they have a new schedule posted HERE in case you’re interested.

The graph to the right was taken from the EDD website. It looks like California is not doing too well compared with the rest of the United States. When looking at the graph or the data below, what stands out to you? Does anything surprise you? In Sacramento County, Gold River has the lowest unemployment rate at 2.6% and Walnut Grove takes home the top rate at 30.5%. These two have actually been bookends on the unemployment rate spectrum for quite some time. Overall Sacramento County has an unemployment rate of 13.10% as of January 2010.

What strikes you about the information above? How do you think unemployment influences the real estate market?

Rancho Murieta is a CDP in Sacramento County off of Jackson Road and has somewhat of a secluded feel due to its location miles away from other suburban tracts. The community consists of two separate parts called Rancho Murieta North and Rancho Murieta South. Rancho Murieta is a retirement community to many, and is also attractive to many families. As of November 2009 Rancho Murieta has the second lowest unemployment rate in Sacramento County at 3.9% per EDD (Gold River is 2.1%).

What’s been happening the Rancho Murieta real estate market? Below are two graphs consisting of all single family detached sales and listings in Rancho Murieta per Sacramento area Metrolist. What do you see? Does anything stand out to you?

I’d be very curious to hear from home owners in Rancho Murieta about their community. What do you enjoy most about RM? What do you think your neighborhood has to offer to prospective buyers? How has Rancho Murieta fared during the housing bubble burst? What sort of impact do you think the foundation troubles in Rancho Murieta South has had on the RM market?

By the way, if you are looking for an image of houses in Rancho Murieta South that had foundation problems, email me at ryan@lundquistcompany.com and I’ll get that to you. An appraiser colleague in Folsom provided this image to me and it may prove informative for your needs.

What’s been happening in the Gold River real estate market over the past several years? Gold River is a census designated place located just east of Rancho Cordova, south of the American River, and north of Highway 50. This HOA community has 25 separate villages and a combination of detached and attached housing – all single family residential. Gold River has the lowest unemployment rate in Sacramento County right now at 2.1% as of September 2009, but that does not mean that home values have been unaffacted.

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.SacramentoAppraisalBlog.com Gold River Market Trends: Past 3 Years of Sales

What’s been happening with Sacramento County unemployment rates over the past five months? Below are the most recent figures for unemployment per the Employment Development Department. The rates encompass both cities and Census Designated Places (CDP) in Sacramento County from May through September 2009. Data for October 2009 has not yet been released (wait until the third week of November for that). 

As of September 2009, Sacramento County as a whole has an unemployment rate of 12.2% (August was 12.3%, July was 12.0%, June was 11.6% and May was 11.1%). What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.8% (August 11.9%, July 11.7%, June 11.4%, May 10.8%)

Carmichael CDP  9.0%, (August 9.1%, July 8.9%, June 8.7%, May was 8.2%)

Citrus Heights city  8.6% (August 8.6%, July 8.5%  June 8.3%, May 7.8%)

Elk Grove CDP  9.9% (August 10.0%, July 9.8%, June 9.6%, May 9.0%)

Fair Oaks CDP  6.8% (August 6.8%, July 6.7% , June 6.6%, May 6.2%)

Florin CDP  18.1% (August 18.2%, July 17.9  June 17.6%, May 16.7%)

Folsom city  5.6% (August 5.6%, July 5.5%, June 5.4%, May 5.1%)

Foothill Farms CDP  15.5% (August 15.6%, July 15.3%, June 15.0%, May 14.2%)

Galt city  18.3% (August 18.4%, July 18.1% , June 17.8%, May 16.9%)

Gold River CDP  2.1% (August 2.1%, July 2.0%, June 2.0%, May 1.9%)

Isleton city  13.0% (August 13.2%, July 12.9%, June 12.5%, May 11.8%)

La Riviera CDP  6.7% (August 6.7%, July 6.6%, June 6.5%, (May 6.1%)

Laguna CDP  6.3% (August 6.4%, July 6.2%, June 6.1%, May 5.8%)

Laguna West Lakeside CDP  8.2% (August 8.3%, July 8.1%, June 8.0%, May 7.5%)

North Highlands CDP  17.8% (August 18.0%, July 17.6%, June 17.3%, May 16.4%)

Orangevale CDP  8.7% (August 8.8%, July 8.6%, June 8.5%, May 8.0%)

Parkway South Sacramento CDP  20.2% (August 20.4%, July 20.0%, June 19.7%, May 18.7%)

Rancho Cordova City  13.9% (August 14.0%, July 13.8%, June 13.5%, May 12.8%)

Rancho Murieta CDP  3.8% (August 3.8%, July 3.7%, June 3.7%, May 3.5%)

Rio Linda CDP  17.7% (August 17.8%, July 17.5%, June 17.2%, May 16.3%)

Rosemont CDP  9.6% (August 9.7%, July 9.5%, June 9.3%, May 8.8%)

Sacramento city  14.2% (August 14.3%, July 14.1%, June 13.8%, May 13.1%)

Vineyard CDP  5.7% (August 5.7%, July 5.6%, June 5.5%, May 5.2%)

Walnut Grove CDP  26.5% (August 26.5%, July 26.2%, June 25.6%, May 24.5%)

Wilton CDP  7.5% (August 7.5%, July 7.4% , June 7.2%, May 6.8%)

Every single category above, whether city or CDP, either remained the same from August to September 2009 or saw a slight decrease in unemployment rate. There was no increase in unemployment rate in any area of Sacramento County from August to September 2009. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.1%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.5%.

Let me know if you have any questions about the latest figures. You are welcome to call 916-595-3735 or email ryan@lundquistcompany.com.

www.SacramentoAppraisalBlog.com Comparing Five Months of Unemployment Rates in Sacramento County

We provide data and trend graphs for appraisals and consulting assignments to help visually demonstrate what our in-depth research has told us about specific niche or wider markets. Have a look at several example graphs below to get an idea of what we are talking about, and contact us with any questions at 916-595-3735 or emaul us at info@lundquistcompany.com.

What’s been happening with Sacramento County unemployment rates over the past several months? Below are the most recent figures for unemployment during the most recent four months per the Employment Development Department. The rates encompass both cities and Census Designated Places (CDP) in Sacramento County from May through August 2009. Data for September 2009 has not yet been released (wait about two more weeks for that). 

As of August 2009, Sacramento County as a whole has an unemployment rate of 12.3% ( July was 12.0%, June was 11.6% and May was 11.1%). What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.9%  (July 11.7%, June 11.4%, May 10.8%)

Carmichael CDP  9.1%  ( July 8.9%, June 8.7%, May was 8.2%)

Citrus Heights city  8.6%  (July 8.5%  June 8.3%, May 7.8%)

Elk Grove CDP  10.0%  (July 9.8%, June 9.6%, May 9.0%)

Fair Oaks CDP  6.8%  (July 6.7% , June 6.6%, May 6.2%)

Florin CDP  18.2%  (July 17.9  June 17.6%, May 16.7%)

Folsom city  5.6%  (July 5.5%, June 5.4%, May 5.1%)

Foothill Farms CDP  15.6%  (July 15.3%, June 15.0%, May 14.2%)

Galt city  18.4%  (July 18.1% , June 17.8%, May 16.9%)

Gold River CDP  2.1%  (July 2.0%, June 2.0%, May 1.9%)

Isleton city  13.2%  (July 12.9%, June 12.5%, May 11.8%)

La Riviera CDP  6.7%  (July 6.6%, June 6.5%, (May 6.1%)

Laguna CDP  6.4%  (July 6.2%, June 6.1%, May 5.8%)

Laguna West Lakeside CDP  8.3%  (July 8.1%, June 8.0%, May 7.5%)

North Highlands CDP  18.0%  (July 17.6%, June 17.3%, May 16.4%)

Orangevale CDP  8.8%  (July 8.6%, June 8.5%, May 8.0%)

Parkway South Sacramento CDP  20.4%  (July 20.0%, June 19.7%, May 18.7%)

Rancho Cordova City  14.0%  (July 13.8%, June 13.5%, May 12.8%)

Rancho Murieta CDP  3.8%  (July 3.7%, June 3.7%, May 3.5%)

Rio Linda CDP  17.8%  (July 17.5%, June 17.2%, May 16.3%)

Rosemont CDP  9.7%  (July 9.5%, June 9.3%, May 8.8%)

Sacramento city  14.3%  (July 14.1%, June 13.8%, May 13.1%)

Vineyard CDP  5.7%  (July 5.6%, June 5.5%, May 5.2%)

Walnut Grove CDP  26.5%  (July 26.2%, June 25.6%, May 24.5%)

Wilton CDP  7.5%  (July 7.4% , June 7.2%, May 6.8%)

Every single category above, whether city or CDP, saw an increase in unemployment from July 2009 to August 2009. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.1%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.5%.

Let me know if you have any questions about the latest figures. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

www.SacramentoAppraisalBlog.com Comparing Four Months of Unemployment Rates in Sacramento County: May-August 2009

Here are the most recent figures for unemployment in Sacramento County as of July 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP) for July 2009 (also compared with May and June 2009). Data for August 2009 has not yet been released (wait about one month for that). 

As of July 2009, Sacramento County as a whole has an unemployment rate of 12.0% ( June was 11.6% and May 2009 was 11.1%). The State of California has an 11.9% unemployment rate (up from 11.6% in May & June 2009). I also posted data for Placer County HERE in case that is of interest to you.

What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.7%  (June 2009 11.4%)  (May 2009 was 10.8%)

Carmichael CDP  8.9%  (June 2009 8.7%)  ( May 2009 was 8.2%)

Citrus Heights city  8.5%  (June 2009 8.3%)  ( May 2009 was 7.8%)

Elk Grove CDP  9.8%  (June 2009 9.6%)  (May 2009 was 9.0%)

Fair Oaks CDP  6.7%  (June 2009 6.6%)  (May 2009 was 6.2%)

Florin CDP  17.9  (June 2009 17.6%)  (May 2009 was 16.7%)

Folsom city  5.5%  (June 2009 5.4%)  (May 2009 was 5.1%)

Foothill Farms CDP  15.3%  (June 2009 15.0%)  (May 2009 was 14.2%)

Galt city  18.1%  (June 2009 17.8%)  (May 2009 was 16.9%)

Gold River CDP  2.0%  (June 2009 2.0%)  (May 2009 was 1.9%)

Isleton city  12.9%  (June 2009 12.5%)  (May 2009 was 11.8%)

La Riviera CDP  6.6%  (June 2009 6.5%)  (May 2009 was 6.1%)

Laguna CDP  6.2%  (June 2009 6.1%)  (May 2009 was 5.8%)

Laguna West Lakeside CDP  8.1%  (June 2009 8.0%)  (May 2009 was 7.5%)

North Highlands CDP  17.6%  (June 2009 17.3%)  (May 2009 was 16.4%)

Orangevale CDP  8.6%  (June 2009 8.5%)  (May 2009 was 8.0%)

Parkway South Sacramento CDP  20.0%  (June 2009 19.7%)  (May 2009 was 18.7%)

Rancho Cordova City  13.8%  (June 2009 13.5%)  (May 2009 was 12.8%)

Rancho Murieta CDP  3.7%  (June 2009 3.7%)  (May 2009 was 3.5%)

Rio Linda CDP  17.5%  (June 2009 17.2%)  (May 2009 was 16.3%)

Rosemont CDP  9.5%  (June 2009 9.3%)  (May 2009 was 8.8%)

Sacramento city  14.1%  (June 2009 13.8%)  (May 2009 was 13.1%)

Vineyard CDP  5.6%  (June 2009 5.5%)  (May 2009 was 5.2%)

Walnut Grove CDP  26.2%  (June 2009 25.6%)  (May 2009 was 24.5%)

Wilton CDP  7.4%  (June 2009 7.2%)  (May 2009 was 6.8%)

As you can see, the only city or CDP (Census Designated Place) above that was without an increase in overall unemployment numbers from June to July 2009 was Gold River. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.0%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 26.2%.

Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

www.SacramentoAppraisalBlog.com Unemployment Rates in Sacramento County Over the Past Three Months: May, June & July 2009

While driving in the field this morning I snapped a photo of a silver horse statue in the brand new Rite Aid center on the corner of Marconi Avenue and Eastern Avenue in the 95821 zip code of Sacramento. This newly constructed shopping center is located just West of Carmichael and the Rite Aid store has been open for less than two weeks.  

What do you think of the horse? It’s gleaming and it’s not hard to miss, is it? Do you like it? Do you hate it? Does it add to the appeal of the retail center? Do you think it fits in with the neighborhood? Comment above if you’d like.

This horse has been dubbed by my three year old boy as “Silver” (sounds appropriate I suppose). It is certainly a landmark for the intersection now because passersby will be drawn to look at it. For reference, Wikipedia says the following of the word “landmark”: In modern usage, a landmark includes anything that is easily recognizable, such as a monument, building, or other structure. 

On another note, this store is located in Sacramento, but the Rite Aid website currently says “Carmichael“. Why do you think  Rite Aid has listed their store location as Carmichael? Is this similar to the 24 Hour Fitness in Rancho Cordova on Sunrise Blvd (West side of street = clearly in Rancho Cordova) saying they are located in “Gold River” when they are certainly located in Rancho Cordova?

www.SacramentoAppraisalBlog.com A Silver Horse: An Instant Landmark in Sacramento (95821 Zip Code)

Here are the most recent figures for unemployment in Sacramento County as of June 2009 per the Employment Development Department. The figures below consider both cities and Census Designated Places (CDP) for June 2009 (also compared with May 2009). Data for July 2009 has not yet been released. 

As of June 2009, Sacramento County as a whole has an unemployment rate of 11.8% ( May 2009 was 11.1%). The State of California has an 11.6% unemployment rate (unchanged from May 2009).

What do you notice about the data below? Does anything stand out to you or surprise you?

Arden Arcade CDP  11.4%  (May 2009 was 10.8%)

Carmichael CDP  8.7%  ( May 2009 was 8.2%)

Citrus Heights city  8.3%  ( May 2009 was 7.8%)

Elk Grove CDP  9.6%  (May 2009 was 9.0%)

Fair Oaks CDP  6.6%  (May 2009 was 6.2%)

Florin CDP  17.6%  (May 2009 was 16.7%)

Folsom city  5.4%  (May 2009 was 5.1%)

Foothill Farms CDP  15.0%  (May 2009 was 14.2%)

Galt city  17.8%  (May 2009 was 16.9%)

Gold River CDP  2.0%  (May 2009 was 1.9%)

Isleton city  12.5%  (May 2009 was 11.8%)

La Riviera CDP  6.5%  (May 2009 was 6.1%)

Laguna CDP  6.1%  (May 2009 was 5.8%)

Laguna West Lakeside CDP  8.0%  (May 2009 was 7.5%)

North Highlands CDP  17.3%  (May 2009 was 16.4%)

Orangevale CDP  8.5%  (May 2009 was 8.0%)

Parkway South Sacramento CDP  19.7%  (May 2009 was 18.7%)

Rancho Cordova City  13.5%  (May 2009 was 12.8%)

Rancho Murieta CDP  3.7%  (May 2009 was 3.5%)

Rio Linda CDP  17.2%  (May 2009 was 16.3%)

Rosemont CDP  9.3%  (May 2009 was 8.8%)

Sacramento city  13.8%  (May 2009 was 13.1%)

Vineyard CDP  5.5%  (May 2009 was 5.2%)

Walnut Grove CDP  25.6%  (May 2009 was 24.5%)

Wilton CDP  7.2%  (May 2009 was 6.8%)

As you can see, there was not one city or CDP (Census Designated Place) that was without an increase in overall unemployment numbers from May to June 2009. If there was a prize for lowest unemployment rate in Sacramento County, Gold River would be the winner at 2.0%. On the other end of the spectrum, Walnut Grove has the highest unemployment rate in Sacramento County at 25.6% (Can you believe that? 1 in 4 working people are without a job).

Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

www.SacramentoAppraisalBlog.com Unemployment Rates in Sacramento County for June 2009

I have a stats program that enables me to see how people get to this website through search engines. Since I get to see some of what people are searching for, I make it a point to answer questions that others are asking, and I try to give a bit more information than what I have previously posted. There are way too many inquiries to respond to each one, but I hope the information below is helpful for you. 

Search:  “Anatolia Rancho Cordova Vacant Lots”

There are indeed vacant lots in Anatolia. Like many construction sites, local builders in the Sacramento Region have halted future building until the market rebounds. There are still patches of new construction though in pockets of the Greater Sacramento Region, but the pace of construction is very slow compared to the rapid building five years ago. I happened to snap a shot of a vacant site in Anatolia last week while in the field and I’ll share it here. How convenient!!! I am glad to connect you with a local Broker or Agent if you are interested in purchasing a lot or group of lots.

Search:  “How to obtain appraised value of property”

That’s a good question and the answer depends upon what type of property you are considering. Are you talking about personal property or real estate? I don’t handle personal property (though the Antiques Road Show is fun), but if you are interested in obtaining a valuation for your real estate, give me a call at 916-595-3735. You can also order online if that is convenient for you.

Search:  “How does unemployment affect the economy”

I track unemployment trends on a regular basis. Firstly, I would recommend for you to take a look at the Employment Develompent Department website to gain a sense of some of the most recent data. This comes in very handy if you are looking for information on a particular city in Sacramento County (or Solano, Placer, Yolo…) or even a Census-Designated Place like Gold River or Foothill Farms.

I am not an economist, but there is a basic principle at work here. If more people are losing their jobs, there will be more people not able to afford to purchase products in the marketplace (or afford their mortgage payments eventually). The natural progression of an increasing unemployment rate logically concludes in a more distressed marketplace with less revenue for businesses and a very likely increase in foreclosure properties unless there is some sort of legislation, government interference or act of God.

Search:  “Independence at Mather”

I won’t re-hash an entire description on the Mather subdivision referred to as “Independence at Mather” because previous blog posts will do the trick for you very well. In case any veterans who were stationed once at Mather Air Base would like to see what their former barracks now look like, take a glimpse at the images below. It’s a long way from what it used to be, huh? Veterans, thank you for your service to our country.

Well, that was sort of a shotgun approach to giving insight on a few search engine inquiries. Please let me know if you have any further questions. I am always willing to help when I can.

www.SacramentoAppraisalBlog.com Answers from Search Engine Inquiries Yesterday

Here are the most recent figures for unemployment in Sacramento County as of May 2009 per the Employment Develompent Department. The figures below consider both cities and Census Designated Places (CDP). Sacramento County as a whole has an unemployment rate of 11.1%.

Arden Arcade CDP  10.8%

Carmichael CDP  8.2%

Citrus Heights city  7.8%

Elk Grove CDP  9.0%

Fair Oaks CDP  6.2%

Florin CDP  16.7%

Folsom city  5.1%

Foothill Farms CDP  14.2%

Galt city  16.9%

Gold River CDP  1.9%

Isleton city  11.8%

La Riviera CDP  6.1%

Laguna CDP  5.8%

Laguna West Lakeside CDP  7.5%

North Highlands CDP  16.4%

Orangevale CDP  8.0%

Parkway South Sacramento CDP  18.7%

Rancho Cordova City  12.8%

Rancho Murieta CDP  3.5%

Rio Linda CDP  16.3%

Rosemont CDP  8.8%

Sacramento city  13.1%

Vineyard CDP  5.2%

Walnut Grove CDP  24.5%

Wilton CDP  6.8% 

What do you notice? Does any of the data stand out to you? Let me know if you have any questions about the latest figures and how unemployment impacts the local real estate market. You are welcome to call 916-595-3735 or visit our company website at www.lundquistcompany.com

How are unemployment levels doing in Sacramento County right now? How is your city or area doing? Have a look at the data below to check out your area or places nearby to where you live. Do you think there is any impact on property values when unemployment rises? Might this lead to more foreclosures? Do you think the large decline in price levels over the past year in many areas below might be related in part to the large percentages of unemployment which have increased sharply? Does it seem like some of the hardest hit areas are also struggling with higher unemployment rates?

Unemployment Rates are based upon information provided from the Employment Development Department from February 2009.

State of California      10.1%     

State of California One Year Ago   6.2%

Sacramento County    10.7%

Arden Arcade CDP      10.4%

Carmichael CDP          7.9%

Citrus Heights city      7.5%

Elk Grove CDP            8.7%

Fair Oaks CDP            5.9%

Florin CDP                 16.0%

Folsom city               4.8%

Foothill Farms CDP      13.7%

Galt city                   16.2%

Gold River CDP           1.8%

Isleton city               11.5%

La Riviera CDP            5.8%

Laguna CDP               5.5%

Laguna West Lakeside CDP   7.2%

North Highlands CDP    15.8%

Orangevale CDP          7.6%

Parkway South Sacramento CDP   18.0%

Rancho Cordova City   12.3%

Rancho Murieta CDP    3.3%

Rio Linda CDP             15.7%

Rosemont CDP            8.4%

Sacramento city         12.5%

Vineyard CDP             4.9%

Walnut Grove CDP       23.6%

Wilton CDP                 6.5%

For further reference and to look up unemployment information and rates on any county or city in California, see the following links:

• EDD State of California Stats
• EDD California County Stats
• EDD California City & CDP Stats

If you have any questions about the data above or any other appraisal-related issues or thoughts, contact me at 916-595-3735 or www.lundquistcompany.com