Archive for the ‘Rentals’ category
August 15, 2012
Not only have home values bottomed out, they are increasing. When we compare the median sold price of $109,450 in July 2011 to $132,000 in July 2012 we see an increase of $22,500 – or 21%!
The inventory continues to remain very tight. The inventory for Merced currently stands at 1.3 months, which greatly benefits sellers. Sellers are continuing to receive multiple offers, and in some cases, offers above list price.
For more information, or if you would like to speak with a sales person about selling your home, please feel free to contact us today at one of the following numbers.
Merced Sales Office: 209-383-2171
Atwater Sales Office: 209-358-6429
We also offer professional property management services:
Gonella Property Management: 209-383-6277
37.319723
-120.480950
Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized
Tags: Coldwell Banker Gonella Realty, home sales, housing inventory, Merced, Merced County, prices of homes
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June 23, 2011
Source: Zillow
Inman News, a leading source of real estate news for industry professionals and consumers, recently reported that Zillow, a real estate marketplace that compiles information on homes for sale, homes for rent, and homes not currently on the market, has identified the top 10 hottest markets for real estate investors in the country.
7 of the 10 markets are in California. The #1 market is Merced. According to Loren Gonella, Broker of Coldwell Banker Gonella Realty, “UC Merced Students are having a profound effect on the rental market. Beginning last year and significantly increasing this year, students have been renting housing in N. Merced. At the present moment, the inventory of available housing in N. Merced has decreased dramatically.”
Students indicate that renting off campus is significantly less expensive than on-campus housing. The increased demand for rentals has resulting in rental amounts increasing in the N. Merced Area.
To read the full article on Inman News click here.
37.319723
-120.480950
Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized
Tags: Hottest Markets, Inman news, investors, Merced, Real Estate, Rental Markets, UC Merced, Zillow
Comments: 1 Comment
May 5, 2011
According to the University of California, Merced, the student population is continuing to rise! UC Merced expects 5100 students this year. This is an increase of approximately 700 students over last year’s census.
This large influx of students is having dramatic effects on the residential rental market. According to Gonella Property Management, there may be a severe shortage of large single family residences in North Merced beginning this summer.
If you have been thinking about purchasing a single family rental NOW is the time! Prices are still very low and according to Gonella Property Management rents are increasing!
For more information contact Gonella Realty:
Merced Office: (209) 383-2171
Atwater Offie: (209) 358-6429
Property Management: (209) 383-6277
37.319723
-120.480950
Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized
Tags: 95301, 95340, 95341, 95348, 95388, buyers market, Central San Joaquin Valley, City of Merced, College Students, Home Buyer Tax Credit, home sales, housing inventory, Merced County, Real Trends, Rentals
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March 25, 2011
Coldwell Banker Gonella Realty celebrates its staff! We held our 37th Annual Awards Breakfast this past Thursday. We recognized our staff, agents, and managers for their hard work, dedication, and professionalism in 2010. Despite a challenging economy, our staff, agents, and managers rose to the occasion and have performed exceptionally. Doris Gonella, Founder, and Loren Gonella, Broker/ Owner, want to extend their heartfelt thanks and appreciation to all of our coworkers at Gonella Realty for making 2010 a great year.
We think that 2011 is going to be even better. Thank you for being part of the family that treats business like family.
3/28/11 UPDATE: More Photos of this event can be seen on our Facebook Page!
37.319723
-120.480950
Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized
Tags: Appreciation, Atwater, Awards, Coldwell Banker Gonella Realty, gratitude, Loren Gonella, Market Update, Merced, Real Estate
Comments: 4 Comments
August 16, 2010
According to UC Merced, there are approximately 1,450 more students starting this fall semester as compared to last fall semester. UC Merced also indicated that the dorms are filled and there are over 400 additional students on the waiting list. More than likely these students will have to find housing in the community. The overall effect will be absorption of units, thus decreasing the vacancies in the area. As the vacancy factor decreases, rental rates will continue to stabilize and will increase. Investors should definitely take note and continue to invest in both single family and multi-family residences.
37.319723
-120.480950
Categories: Merced County Real Estate, Real Estate Market Update, Rentals
Tags: investors, Merced County, Rentals, UC Merced
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July 23, 2010
For several months now, the Central Valley has had very small number of properties for sale. Now, it appears that this trend is also beginning to affect rental properties.
According to our Property Management Department, Gonella Realty Property Management – out of 30 single family residences available for rent, there has been an application for, or a holding deposit on all but 3 properties. This indicates a tremendous surge in demand for rentals and we believe that rental prices, which have been steadily rising, will continue to increase.
So, if you’ve been thinking about buying a rental property, but are wondering if you will be able to find a tenant, the answer is more than likely to be ABSOLUTELY!
37.319723
-120.480950
Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized
Tags: 95301, 95340, 95341, 95348, 95388, buyers market, Central San Joaquin Valley, City of Merced, Coldwell Banker Gonella Realty, College Students, Gonella, gonella realty market update, Home Buyer Tax Credit, home sales, housing inventory, Loren Gonella, Merced County, prices of homes, Real Estate, real estate boom, Real Trends, Rentals, sellers market, UC Merced
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March 5, 2010
The following is a reprint courtesy of Gonella Rentals Market Update (originally posted 1-29-10):
We at Gonella Property Management have been working diligently to accommodate the needs of the Merced community. Our staff has been assisting our customer base by showing as many properties as we can and taking as many steps as possible to get housing for people when it is needed the most. We have not seen a downturn in our customer base, even with upheaval of the holiday season. Many of our clients include new property owners, families and students.
Most of our clients of the past three months have been families that have suffered the unfortunate impact of foreclosure. Thankfully our fully staffed office is in the position to assist as many individuals/ families as we can. At this time rental homes have been the main driving force for our office. We have several apartments available and we believe that market activity will be picking up in the coming months. Typically January is a slow month for rentals February sees more activity.
Properties Rented
Featured Apartment
257 Brookdale Drive – 2 bedroom/1 bath
$600.00 Rent & $600.00 Deposit
(G Street, turn onto Brookdale) 750sf new carpet throughout, Living
room, kitchen,central heating and air, laundry hook-ups,
No Pets, Fridge included!!!
FIRST MONTH FREE WITH A 6 MONTH LEASE!!!
Select the links to view view more listings or to print a rental application!
37.319723
-120.480950
Categories: Rentals, Uncategorized
Tags: 95301, 95340, 95341, 95388, College Students, Foreclosures, Gonella, Market Update, Merced County, Rentals, UC Merced
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