Gonella Realty's Market Update

Prices continued to rise to $195,000 in March of 2015, from $149,000 in March of 2014.  This is an increase of 31% over 12 months.

During the 4^th Quarter of 2014, the inventory steadily rose to 5.5 months in December.  Starting in January of 2015, and continuing throughout the 1^st Quarter, inventory dropped like a rock and at the end of March was down to 2.3 months.

Summary:  Prices continuing to move up, and inventory at near record lows! For sellers this is indicative of a strong markets- so if you are considering selling, now is the time!

We believe that the market will continue to remain strong throughout the remainder of the Spring / Summer selling season.

For buyers- interest rates continue to remain at near historic lows, even though the inventory is tight.  Our agents can utilize the Multiple Listing Service’s auto-prospecting program to notify you immediately when a property that matches your purchasing criteria is placed on the market.

We have 2 Residential Sales Offices, located conveniently in Merced and Atwater.

Merced Sales Office:                209-383-2171

Atwater Sales Office:               209-358-6429 

To be pre-qualified for a loan, contact Dorathe Catlin of Coldwell Banker Mortgage.

Email: Dorathe.Catlin@mortgagefamily.com

Phone:                                         209-261-4320

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: KJameson@gonellarentals.com;

TWinek@gonellarentals.com

Phone:                                         209-383-6277

For any Sales or Leases of Commercial Properties:

Commercial Office:                  209-725-7253

This entry was posted on April 30, 2015 at 4:25 pm and is filed under Merced County Real Estate. You can subscribe via RSS 2.0 feed to this post's comments.

Tags: 2015, Inventory, Merced County, prices of homes, Real Estate