What’s been happening in the Rancho Cordova real estate market North of Highway 50 (referred to as the ”Riverside” portion of Rancho Cordova due to being on the side of the freeway with the “river” – clever, huh)? Let’s take a look below at some data and graphs. What do you notice?
Rancho Cordova Real Estate Market Trends (North of Hwy 50):
Over the past 90 days there were 83 sales North of Highway 50 (not including South of Highway 50 – Stone Creek, Anatolia, Capital Village…). All data is based upon single family residential units.
- 20 current Active listings
- 53 current Active Short Sale listings
- 44 current Pending properties
- 59% of sales since January 1, 2009 have been bank-owned sales
- 19% of sales since January 1, 2009 have been short sales
- Low Price over past 90 days: $76,000
- High Price over past 90 days: $265,000
The graph above shows all the current listings North of Highway 50 in Rancho Cordova (including pendings).
The data above is not meant to be exhaustive or be representative of every niche North of Highway 50. The Riverside portion of Rancho Cordova contains a multitude of neighborhoods and they are not all comparable to each other. You don’t have to be an expert in real estate, for example, to explain some of the differences between Sunriver, White Rock, Cordova Meadows or Croetto. So when data is lumped together as above, it does not mean that there are sales below $100,000 in every neighborhood North of Highway 50, or that the percentages of bank-owned and short sale properties are the same in each neighborhood either, or that there were even sales within certain areas of Rancho Cordova in the past 90 days.
The data above is meant solely for educational purposes. If you have a need for more detailed analysis or a need for a valuation for estate settlement, purchase, refinance, bankruptcy, pre-listing, litigation or any other type of appraisal purpose, feel free to reach me (Ryan) at 916-595-3735 or www.lundquistcompany.com.
www.SacramentoAppraisalBlog.com Rancho Cordova Sales & Listings: Past 90 Days North of Highway 50 (”Riverside” portion of Rancho Cordova)
Here are the most recent figures for unemployment in Sacramento County as of June 2009 per the 
Yes. If there is an air conditioner at the subject property, it must be in working order for HUD to guarantee the loan. What if the air conditioner was stolen (that happens quite a bit with bank-owned properties)? If there is clearly supposed to be an air conditioner at the house, then it must be installed and working. Often times the owner or bank will install a new one before the close of escrow to meet this requirement. The gist is that FHA does not require an air conditioner in a house, but if one is there (or should be there), then it must work properly. Does that make sense?