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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

 

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Categories: Merced County Real Estate, Real Estate Market Update, Rental Market, Uncategorized
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The Market Continues to Improve!

July 1, 2015

Prices continued to rise to $197,000 in May of 2015, from $169,000 in May of 2014.  This is an increase of 16% instead of stagnating.

  1 yr msp

During the 3rd and 4th Quarters of 2014, inventory was steadily increasing and approaching normal levels.  Starting in January of 2015, the inventory began dropping and is NOW BELOW the 2.8 months we were at in May of 2014, to 2.4 months currently.  This is extremely low.

1 yr inv

The number of sold properties by month has been steadily increasing since January of 2015.

1 yr sold

SUMMARY:

Prices are up; Inventory is very low AGAIN; and the volume of sales is increasing!

SO…

If you are curious about when would be a good time to place your property on the market, the answer is NOW.

We have 2 Residential Sales Offices, located conveniently in Merced and Atwater.

Merced Sales Office:                209-383-2171

Atwater Sales Office:               209-358-6429 

To be pre-qualified for a loan, contact Dorathe Catlin of Coldwell Banker Mortgage.

Email: Dorathe.Catlin@mortgagefamily.com

Phone:                                         209-261-4320

Gonella Realty also offers Property Management services.  If you are interested in our company managing your property, please contact Property Manager Kathy Hoffman, or Assistant Property Manager Tina Winek.

Email: KHoffman@gonellarentals.com;

TWinek@gonellarentals.com

Phone:                                         209-383-6277

For any Sales or Leases of Commercial Properties:

Commercial Office:                  209-725-7253

Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized

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The Market Continues to Change!

September 18, 2014

The average Days on Market is increasing, from 34 days in Aug. 2013 to 53 currently.

DOM

The rate of appreciation seems to be slowing with values increasing 16% from Aug. 2013 to Aug. 2014.

sP

However, the BIG NEWS is that the number of expired listings went up 163% in the same time period.

exp

When we look at the data, our advice to sellers is to price your property realistically from the beginning.  If your property is priced correctly, it will sell- and in a reasonable amount of time.

For additional information on this data, or if you are in need of a market evaluation of your property, please contact one of our highly trained agents.

Merced Sales Office:                                  209-383-2171

Atwater Sales Office:                                 209-358-6429

If you have questions regarding rentals or managing your property, please contact

Gonella Property Management               209-383-6277

Loan information on rates and fees can be obtained by contacting Dorathe Catlin of Coldwell Banker Mortgage.

Email: Dorathe.Catlin@mortgagefamily.com

Phone:                                                     209-261-4320

Categories: Uncategorized

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The Market is Changing!

September 2, 2014

Home values have increased approximately 29% in the past 24 months.

MSP - 24 months

However, in the past few months the market appears to be changing.  We are noticing more listings expiring.  Properties are taking longer to sell, and sellers are reducing their asking prices.

Exp

The market appears to be adjusting.  In this changing market, sellers need to be very conscious of their asking price.  The days of extra tight inventory and oversupply of buyers is changing.

For additional information on this data, or if you are in need of a market evaluation of your property, please contact one of our highly trained agents.

                        Merced Sales Office:                                  209-383-2171

                        Atwater Sales Office:                                 209-358-6429

Loan information on rates and fees can be obtained by contacting Dorathe Catlin of Coldwell Banker Mortgage.

Email: Dorathe.Catlin@mortgagefamily.com

 

Categories: Real Estate Market Update, Uncategorized
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What’s Going On with Merced Real Estate?

January 16, 2014

Over the last 24 months the Median Sold Price has increased over 48%! We believe that property values will continue to increase in 2014, but at somewhat reduced rate. We are projecting an additional 12-15%.

Slide 6

Inventory has increased slightly to 2.3 Months.  We feel that, as prices increase, the inventory may grow slightly.  This will be advantageous to buyers as it offers them more selection.

slide 7

The Median For Sale Price is up 46% over the last 2 years.  Sellers need to take note as fewer properties are under water, and with tight inventory, now is an excellent time to take full advantage of the Spring sales season.

slide 10

2014 is shaping up to be a good year for the real estate market.  Prices should continue to increase, inventory will continue to remain tight, and interest rates are still very low.

 Call us today to find out the value of your property in today’s appreciating housing market.  If you are interested in buying, we can also help you find the home of your dreams!

Merced Sales Office:                                  209-383-2171

Atwater Sales Office:                                 209-358-6429

Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized
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So what’s going on in the Merced Real Estate Market?

June 14, 2013

DOM
The average days on market (DOM) in the past 2 years has gone down from 61 days to 34 days. Homes are selling more quickly because…

Inv

…the supply of homes is down while the demand remains steady. As you can see in the graph above, inventory is down 71%!

During the same time frame, the median sold price has increased 33% from $110,000 to $146,000. The median for sale price has increase the same percentage from $119,900 to $159,000 (full details below).

MSP v MFSP
So what is going on in the market is:

  1. Prices are increasing at a fairly steep rate
  2. Inventory continues to remain at historic lows
  3. Homes are selling faster

It appears that these trends will continue, and if you are thinking of selling, now is the time to have one of our real estate professionals evaluate your property.

You may be pleasantly surprised!

Merced Sales Office: 209-383-2171

Atwater Sales Office: 209-358-6429

Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized
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The Numbers Are In for Merced County!

April 16, 2013

Image

The Median For Sale Price has increased $45,000, or 38%, from March of ‘11 to March of ’13 to $164,900.

The Median Sold Price is also up, increasing $27,000, or 23%, to $142,000 in the same time period.

Image

Inventory has dropped drastically in the last 2 years. In March of ’11 the inventory in Merced County was 3.6 months.  By March of ’13, it was down to 0.9 of 1 month.  This is a drop of 76%!

With the extreme lack of inventory, and prices continuing to increase, now is an excellent time to speak with an agent about finding out what your home is worth in today’s market- you may be pleasantly surprised.

Merced Sales Office:                                  209-383-2171

Atwater Sales Office:                                 209-358-6429

Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized
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The Trend Continues!

February 4, 2013

Home values have continued to excel in the past 12 months, showing an increase in median sales price of 24% from $109,000 in Dec ’11 to $135,000 in Dec ’12.

Inventory

Inventory continues to remain at historic lows with 1.8 months in Dec ’12. An inventory of 6 months is considered balanced while 12 months is an oversupply.

percentage of sales

The real estate market as a whole is continuing to heal. More than half of all sales are now standard owners; short sales make up approximately a third; with bank owned/REOs accounting for less than ten percent! This is a drastic drop from 4 years ago when foreclosures made up 75% of all listings.

today vs 4 rs

In summary, now is an excellent time to place your home on the market. Call us today to find out the value of your property in today’s appreciating housing market.

Merced Sales Office:                                                209-383-2171
Atwater Sales Office:                                               209-358-6429

Categories: Uncategorized

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Median Sales Price Continues to Increase!

October 15, 2012


The median sales price in September of 2012 was $139,900. This is an increase of 27% over September 2011. Local home values have hit the bottom, and continue to move up.


While home values are on the rise, the inventory of available homes for sale is moving in the opposite direction.

In September 2012 the available inventory was 1.3 months, whereas in September 2011 it was at 4.1 months. This is a decrease of 68%! When homes are placed on the market they sell quickly and, in many cases, for more than the asking 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

Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized
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106 Years of Outstanding Customer Service

August 27, 2012

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Today-  August 27, 2012 – Coldwell Banker celebrates it’s 106th Birthday!  We at Coldwell Banker Gonella Realty are proud to be a part of such a wonderful organization with such a rich history.

Click here to read more about our legacy on Coldwell Banker’s ‘Blue Matter’ blog!

Categories: Holidays, Uncategorized
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