MERCED RENTAL INVENTORY IS LOW
Are you seeing less of these signs?
In the ’80s & ’90s the available inventory of rentals was very low. Starting in 2000 and up until 6 months ago the rental inventory in the Merced area has been normal to very high. As a result rents have remained relatively stable and landlords have not been able to increase rents.
However, in the last 6 months rental inventory has decreased drastically. Some possible reasons for this are: the increase in the UC Merced student population; potential buyers may be priced out of the market due to increasing sales prices and turning to rentals; or some potential buyers may be opting to rent in order to stay mobile.
So… it means:
If you are considering selling your rental property, please contact one of our agents- you may be pleasantly surprised at the value of residential income properties in today’s market.
Conversely, if you are considering investing now is a great time to contact one of our sales professionals:
Merced Sales Office: 209-383-2171
Atwater Sales Office: 209-358-6429
Commercial Office: 209-725-7253
If you are interested in renting, contact our Property Management:
Email: KJameson@gonellarentals.com
Phone: 209-383-6277
Explore posts in the same categories: Merced County Real Estate, Rental MarketTags: Investment, Merced, Property, Rentals
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