The Market Continues to Improve!

Prices continued to rise to $197,000 in May of 2015, from $169,000 in May of 2014.  This is an increase of 16% instead of stagnating.

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During the 3rd and 4th Quarters of 2014, inventory was steadily increasing and approaching normal levels.  Starting in January of 2015, the inventory began dropping and is NOW BELOW the 2.8 months we were at in May of 2014, to 2.4 months currently.  This is extremely low.

1 yr inv

The number of sold properties by month has been steadily increasing since January of 2015.

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SUMMARY:

Prices are up; Inventory is very low AGAIN; and the volume of sales is increasing!

SO…

If you are curious about when would be a good time to place your property on the market, the answer is NOW.

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 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

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Explore posts in the same categories: Merced County Real Estate, Real Estate Market Update, Uncategorized

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