Gonella Realty's Market Update

Properties are taking less time to sell than last year, Sep. of 2016 average days on market 62, Sep. 17 average days on market 43 days.

Median sold price for Sep. 2017, 255K this is up 19% from Sep. 2016 when the median sale price was 214K, and up 24% from Sep. 2015 when the median sell price was 205K, so in the last 24 months properties have appreciated 1% per month.

Prices are continuing to increase and the inventory of available property for sale continues to remain at historical lows. These two factors make it an excellent time for sellers to place their property on the market. Because of this rapid appreciation, you may be pleasantly surprised by the value of your home. Contact one of our Real Estate Professionals to obtain a free competitive market analysis.

On the other hand, if you are thinking of buying, interest rates remain at historical lows and your buying power may be the best it has been in years. Contact anyone of our agents today.

Coldwell Banker Gonella Realty also provides Property Management services, and Commercial Real Estate services, we are your one stop shop for all of you real estate needs in Merced County.

Coldwell Banker Gonella Realty- Merced Office (209) 383-2171

Coldwell Banker Gonella Realty- Atwater Office (209) 358-6429

Coldwell Banker Commercial Gonella Realty- (209) 725-7253

Gonella Property Management (209) 383-6277

Coldwell Banker Gonella Realty CalBRE# 00654462

This entry was posted on October 17, 2017 at 10:53 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.