Archive for the ‘Rental Market’ category

The Power(Point) of Real Estate

March 28, 2016

Title Slide

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

TWinek@gonellarentals.com

Phone:                                         209-383-6277

 

MERCED RENTAL INVENTORY IS LOW

November 2, 2015

for-rent-sign

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

TWinek@gonellarentals.com

Phone:                                         209-383-6277