Gonella Realty's Market Update

Merced is still very affordable, 52% of the local community can afford to buy the median price home in the county, in comparison, 31% in the state of California and 13% in San Francisco, can afford to buy the median priced home.

Locally the inventory is down to 1.8 months, the lowest it has been in the last 12 months.

With low inventory you have lots of buyer’s chasing very few properties, prices have moved up. 13% up in the past 12 months, from 199,500 to 225K. In the past 24 months sales prices have gone from $169,225 to $225,000, that’s a 32 % increase in value.

The Spring Buying season is the best time of the year to place your home on the market. Demand is very strong, interest rates are still very low and most homeowners are pleasantly surprised when we evaluate their homes and let them know what their homes are worth.

Call any of our professional agents with your home buying needs, or our Property Management with your Rental needs, we also have a Commercial office that can help you with a commercial lease or purchase.

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

This entry was posted on April 3, 2017 at 8:56 am and is filed under Uncategorized. You can subscribe via RSS 2.0 feed to this post's comments. You can comment below, or link to this permanent URL from your own site.