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Rancho Cordova Real Estate Appraisal

Pony Express Monument in Rancho Cordova: Photos from the Field

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If you didn’t know, the city of Rancho Cordova is home to several stellar monuments. Between appraisal inspections today I snapped the following images of a Pony Express memorial on Folsom Boulevard next to the Valero gas station on Dawes. This historic monument is an important piece of local history, yet it’s quite easy to miss because of its location in front of a vacant lot and next to commercial properties (gas station and Rosie’s Country Kitchen).

Does anyone know how many other Pony Express monuments there are in Rancho Cordova? And where are they located? What other tributes to history can one find in Rancho Cordova? Let’s see who knows local history. 

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Rancho Cordova Listings in the 95670 Zip Code: June 2009

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Here is a quick post to show what you can buy a house for in the 95670 zip code in Rancho Cordova these days. It looks like there are some good deals, huh? The 95670 zip code covers the North side of the freeway (”Riverside” portion) as well as some of the Southern side of Highway 50 (Stone Creek, Capital Village, some older tracts). There are currently 193 listings in MLS for detached single family residential properties.

rancho-cordova-listings-june-2009

If you have any questions about the Rancho Cordova real estate market, feel free to give us a call at 916-595-3735 and see www.lundquistcompany.com or www.ranchocordovaappraiser.com

“Anatolia” Neighborhood Real Estate Trends in Rancho Cordova

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“Anatolia” is a newly-built HOA community in Southern Rancho Cordova located within the 95742 zip code. There are roughly 2000 housing units which have been built since 2005 and construction is still ongoing. Below you will find some of the latest real estate market trends in Anatolia as of today’s date.

The following graphs take the past thirteen months of sales into consideration and are based upon data provided through Sacramento Metrolist.

anatolia-in-rancho-cordova-real-estate-market-trends-21

anatolia-in-rancho-cordova-real-estate-market-trends1

“Anatolia” in Rancho Cordova Real Estate Market Data:

  • 347 sales over past 12 months
  • 80 sales over past 90 days
  • Average of 26.67 sales per month over past 90 days
  • 201 current Listings
  • 7.5 months of housing supply currently listed on the market (due to aggressive pricing, this inventory may not necessarily be on the market that long. In fact, the previous 90 days had 8.5 months of inventory and then the six months prior to that had 12.4 months of inventory. It would appear then that right now the inventory is decreasing).
  • Median Sales Price over past 90 days: $288,000
  • Median Sales Price over previous 90 days: $312,016
  • Median current List Price: $275,000
  • Median Listing Days on Market: 54

Please feel free to give your two cents, ask questions, or provide any supplementary information or data by commenting above. You are welcome to contact me for additional information and questions too at 916-595-3735 or www.lundquistcompany.com

Is that a ski slope? Nope, it’s a trend line of the housing market.

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I had a conversation today with a friend about Rancho Cordova real estate market trends and I made this graph to show her in an image of what words so often say – that the market has declined.

rancho-cordova-sales-2006-2009

When making trend graphs in many local areas and cities in the Greater Sacramento Region, I often think the overall trend looks like a ski slope. This one above is maybe a bit more bunny-slope-like, but still, you get the point. If you have questions about the local real estate market, feel free to contact me at 916-595-3735 or www.lundquistcompany.com

A Closing Thought:  Looking at market trends doesn’t often times “bring gladness to the heart of man” so to speak (that was a quote from Chimay, if you follow), so let’s remember that relationships and so much of life can be wonderful even though home values aren’t much to brag about right now.

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