Gonella Realty's Market Update

According to the University of California, Merced, the student population is continuing to rise! UC Merced expects 5100 students this year.  This is an increase of approximately 700 students over last year’s census.

This large influx of students is having dramatic effects on the residential rental market. According to Gonella Property Management, there may be a severe shortage of large single family residences in North Merced beginning this summer.

If you have been thinking about purchasing a single family rental NOW is the time!  Prices are still very low and according to Gonella Property Management rents are increasing!

For more information contact Gonella Realty:

Merced Office: (209) 383-2171

Atwater Offie:  (209) 358-6429

Property Management: (209) 383-6277

This entry was posted on May 5, 2011 at 2:14 pm 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.

Tags: 95301, 95340, 95341, 95348, 95388, buyers market, Central San Joaquin Valley, City of Merced, College Students, Home Buyer Tax Credit, home sales, housing inventory, Merced County, Real Trends, Rentals