Gonella Realty's Market Update

According to the MCAR Multiple Listing Service the median sales price in the City of Merced  from Sept 2009 to Aug 2010 was $111,112.  The median sales price from Sept 2010 to Aug 2011 was $111,775.  This is an increase of .6%.

Why is this significant? It is significant because we are not declining!

When comparing the median prices of Merced County to Fresno, Kern, and Sacramento Counties year to year, Merced showed an increase of 3.9%, while the other 3 counties showed decreases.

We believe this shows that since we were the first to head lower that maybe we will be the first to recover.

This chart offers a historical perspective.  Median prices from 1989 through 2001 were approximately $105,000 – $110,000.  In 2001, we started accelerating and peaked in 2005 at approximately $350,000.  Since then prices have returned to a level comparable to the 1990’s.

This entry was posted on October 25, 2011 at 10:34 am and is filed under Merced County Real Estate, Real Estate Market Update, Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.