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08 Sep

Focus on La Riviera Condos

Posted September 8th, 2007 | View Comments

In response to a floor call inquiry, I pulled up information on condos located around La Riviera and Salmon Falls and came away pleasantly surprised. Yes, I know I’m going to get blamed again for being an optimist in this market but this time it seems like I might have the numbers to support my theory that real estate in the right location does well for its buyers in any market. And homes around the American River seem to agree.

Even condos, which historically fall in value faster than single family houses.

Consider this: in the overall Sacramento condo market, in which there are or have been 1478 condos for sale in the last six months, only 39% have sold or are pending sale. Contrast this with the La Riviera neighborhood, where there have been only 31 condos for sale. And 51.6% of those are pending sale or have already been sold.

Difference in median price? Not astoundingly different. Overall Sacramento market condos – the median sits at $215,000. For La Riviera, it sits at $210,000.

  • http://www.sacramento-home.com/real-estate-agents/ John Lockwood

    I love the La Riviera and Salmon Falls area. I have two “the only time” stories from there.

    The only time a buyer ever looked at a grand total of one house and bought it was on Salmon Falls. They’d done their homework online so they knew the area they wanted, they looked at the unit and liked it, and the comps were well below market.

    Also, the only time I ever helped a buyer physically move stuff in (which was also the only time I ever did it in the rain at night two days before Christmas) was on La Riviera. We had a ball. :)

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