Lack of Inventory Boosting Home Prices

inventory-boost

Prices continue to appreciate at a steady rate, from October 2014 to October 2016, home values appreciated 24% or 1% per month, that is an incredible rate of return. Part of the reason for this dramatic increase is the lack of inventory. From October 2014 to October 2016 the inventory of available homes for sale, decreased by 50%.

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Days on Market have Decreased  Substantially

The time of a property being on the market has decreased 40% from October 2014 to October 2016 from 75 days to 43 days on the market.

With this rapid appreciation in value, you may be Surprised as to the value of your property in today’s market.

If you would like information on the current value of your property we have 2 Residential Sales Offices, located conveniently in Merced and Atwater.

Merced Sales Office:                209-383-2171

Atwater Sales Office:               209-358-6429 

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: kathy@gonellarentals.com

Tina@gonellarentals.com

Phone:                                         209-383-6277

For any Sales or Leases of Commercial Properties:

Commercial Office:                  209-725-7253

 

 

 

 

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