The Power(Point) of Real Estate
Last week, CBGR’s Broker, Loren Gonella, presented his Annual Real Estate Update to both the Merced County Association of REALTORS®, and the Greater Chamber of Merced, as well as presenting at our monthly sales meeting.
Needless to say, it was a crazy week!
In case you missed them, here are some highlights of these presentations:
- Local residential prices increased, however, at a slower rate. (click here for chart)
- Residential for-sale inventory remains very tight, not just at the local level, but at the state & national levels as well.
- Locally, new residential construction is gaining momentum with 85 permits pulled for new homes in the city of Merced, and 112 in the city of Atwater in 2015. (In 2014 Merced had 53, and Atwater had 44!)
- Rental Market: Inventory is tight, and rents are increasing.
- Shopping / Retail Centers: are about the same as 2014
- Office Space: has an oversupply, and rents are negotiable
- Industrial Space: Inventory is improving and there is an upward pressure on rents.
- Agriculture: Commodities are experiencing downward pressure, and this is causing downward pressure on prices.
(and these are just the highlights!)
If you are interested in finding out about Loren coming to speak to your group please do not hesitate to contact him:
Loren Gonella lgonella@gonellarealty.com
209-383-2171
If you are interested in understanding how all this great information relates to you as a buyer or seller, any of our qualified agents will be happy to assist!
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, Real Estate Market Update, Rental Market, Uncategorized
Tags: 2015, Market Update, presentations, Real Estate
You can comment below, or link to this permanent URL from your own site.
Gonella Realty's Market Update 
Leave a Reply