Home Appreciation Up 32% over the Last 24 Months

Posted January 24, 2017 by lgonella
Categories: Uncategorized

Hard to believe but home appreciation continues to rise at a very rapid pace in the Merced and Atwater areas.  Even though the pace slowed a little bit we are up 12% from last year.   We believe the appreciation of homes will continue.

inventory-1-year

2017 Inventory remains very tight at 2.4 months compared to last December at 5.1 months.  We believe this trend will continue.

You may be surprised by the value of your property.  Contact one of our professionally trained officers with any of your property needs.

Merced Sales Office:                209-383-2171

Atwater Sales Office:               209-358-6429 

Gonella Realty also offers Property Management services.  If you are interested in our company managing your property, please contact Property Manager Kathy Jameson, or Assistant Property Manager Tina Winek.

Email: kathy@gonellarentals.com

Tina@gonellarentals.com

Phone:                                         209-383-6277

For any Sales or Leases of Commercial Properties:

Commercial Office:                  209-725-7253

Lack of Inventory Boosting Home Prices

Posted November 21, 2016 by lgonella
Categories: Uncategorized

inventory-boost

Prices continue to appreciate at a steady rate, from October 2014 to October 2016, home values appreciated 24% or 1% per month, that is an incredible rate of return. Part of the reason for this dramatic increase is the lack of inventory. From October 2014 to October 2016 the inventory of available homes for sale, decreased by 50%.

inventory

dom

Days on Market have Decreased  Substantially

The time of a property being on the market has decreased 40% from October 2014 to October 2016 from 75 days to 43 days on the market.

With this rapid appreciation in value, you may be Surprised as to the value of your property in today’s market.

If you would like information on the current value of your property we have 2 Residential Sales Offices, located conveniently in Merced and Atwater.

Merced Sales Office:                209-383-2171

Atwater Sales Office:               209-358-6429 

Gonella Realty also offers Property Management services.  If you are interested in our company managing your property, please contact Property Manager Kathy Jameson, or Assistant Property Manager Tina Winek.

Email: kathy@gonellarentals.com

Tina@gonellarentals.com

Phone:                                         209-383-6277

For any Sales or Leases of Commercial Properties:

Commercial Office:                  209-725-7253

 

 

 

 

Demand is Strong

Posted October 31, 2016 by lgonella
Categories: Uncategorized

We are definitely in a seller’s market and sellers are receiving multiple offers and some offers are over the asking price. The available inventory is down to 1.6 months, a decline in inventory from Sept 2014 of 58%.

With interest rates at historic lows, there is a very strong demand for housing in the Merced and Atwater area.  The vacancy rate for rental homes and apartments is less than 2 percent.

In conclusion demand is very strong, for both Single Family Residences, to purchase and properties to rent.

If you are interested in buying or selling, please contact or Merced Office (209) 383-2171, Atwater Office (209) 358-6429, Commercial Office (209) 725-7253, or looking for a rental property or property management services, contact our Property Management department at (209) 383-6277.

cmm_report_msi_chart

 

 

Slow but Steady

Posted October 31, 2016 by lgonella
Categories: Uncategorized

Between Sept- 2014 and Sept- 2016 the median sold price is up 37%, from 155,500 to 213,300. From Sept – 2015 to Sept- 2016, the home appreciation rate slowed to 4%. We believe homes will continue to increase in value, however at a slower rate.

cmm_report_mediansoldprice_chart

 

Real Estate Inventory Down

Posted September 19, 2016 by lgonella
Categories: Uncategorized

Between Aug-2014 and Aug-2016: The average months supply of inventory is down 51%. We see our biggest supply in the months of December, than it goes down from there.

months-supply-of-inventory

 

Moving On Up

Posted September 19, 2016 by lgonella
Categories: Uncategorized

Home values continue to appreciate at a slow rate. Between Aug-2015 to Aug-2016, the median price of for sale properties is up 9% and the median price of sold properties is up 13%. We are on a steady path upward.

median-for-sale-vs-median-sold

Right Place. Right Time. RIGHT PRICE.

Posted April 22, 2016 by lgonella
Categories: Merced County Real Estate, Real Estate Market Update, Sellers, Uncategorized

Tags: , , ,

As we move into the spring buying season, inventory has hit the lowest level in 12 months.

1 yr Inv

In the last 24 months the median list price has increased by 50% while the median sales price rose only 24%.

2 yr mlp v sp

This points out that there is a wide gap between what sellers are asking for, and what buyers are paying.

This is also reflected in the large number of homes that require a price reduction before they sell, as well as in the length of time properties are remaining on the market.

2 yr DOM

Days on market showed an increase of 40% from 38 days in 2014 to 53 days in 2016.

Best advice we can give sellers:

Make sure your home is priced correctly from the beginning.

 

If you would like information on the current value of your property we have 2 Residential Sales Offices, located conveniently in Merced and Atwater.

Merced Sales Office:                209-383-2171

Atwater Sales Office:               209-358-6429 

Gonella Realty also offers Property Management services.  If you are interested in our company managing your property, please contact Property Manager Kathy Hoffman, or Assistant Property Manager Tina Winek.

Email: KHoffman@gonellarentals.com;

TWinek@gonellarentals.com

Phone:                                         209-383-6277

For any Sales or Leases of Commercial Properties:

Commercial Office:                  209-725-7253