Gonella Realty's Market Update

For several months now, the Central Valley has had very small number of properties for sale. Now, it appears that this trend is also beginning to affect rental properties.

According to our Property Management Department, Gonella Realty Property Management – out of 30 single family residences available for rent, there has been an application for, or a holding deposit on all but 3 properties. This indicates a tremendous surge in demand for rentals and we believe that rental prices, which have been steadily rising, will continue to increase.

So, if you’ve been thinking about buying a rental property, but are wondering if you will be able to find a tenant, the answer is more than likely to be ABSOLUTELY!

This entry was posted on July 23, 2010 at 9:14 am and is filed under Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments.

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