So what’s going on in the Merced Real Estate Market?

Posted June 14, 2013 by lgonella
Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized

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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

The Numbers Are In for Merced County!

Posted April 16, 2013 by lgonella
Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized

Tags: , , , ,

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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.

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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

The Trend Continues!

Posted February 4, 2013 by lgonella
Categories: Uncategorized

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

Coldwell Banker Gonella Realty Welcomed Robert Brand

Posted November 5, 2012 by lgonella
Categories: Real Estate Training

Tags: ,

Loren Gonella & Robert Brand

Once again, it was Coldwell Banker Gonella Realty’s pleasure to have Robert Brand as one of our presenters in our Speakers Series.

Mr. Brand is a risk management expert specializing in real estate disclosures. He instructs real estate agents on how to properly fill out disclosure paperwork.

Robert has spoken to Coldwell Banker Gonella Realty each year for almost 20 years! On behalf of the entire staff at Coldwell Banker Gonella Realty, we wish to thank Mr. Brand for keeping us on the cutting edge of disclosure management.

Median Sales Price Continues to Increase!

Posted October 15, 2012 by lgonella
Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized

Tags: , , ,


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

106 Years of Outstanding Customer Service

Posted August 27, 2012 by lgonella
Categories: Holidays, Uncategorized

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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!

Inventory Remains Very Tight – Home Values are Increasing

Posted August 15, 2012 by lgonella
Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized

Tags: , , , , ,

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

Legal Update with Neil Kalin

Posted June 19, 2012 by lgonella
Categories: Merced County Real Estate, Real Estate Training, Uncategorized

Tags: ,

Coldwell Banker Gonella Realty was proud to welcome Neil Kalin when he led a seminar for our agents this past Thursday, June 14, 2012. Mr. Kalin, the Assistant General Counsel with the California Association of REALTORS® (C.A.R.), came to Merced to update Gonella Realty on the changes that have taken place in real estate law.
Mr. Kalin’s 90 minute seminar focused on a number of different areas. He spoke of several new laws such as changes in small claims court limits, new discrimination laws based on gender, as well as new rules regarding licensees’ behavior towards appraisers. Neil also presented new and revised C.A.R forms, in addition to updating our agents on the most recent case law affecting real estate sales, leases, and property management.
At Gonella Realty, we believe it is vital for our agents to constantly strive to be the best possible resource for our clients, both by having a solid foundation in current real estate laws and regulations as well as having an in-depth understanding the present market.
We would like extend our appreciation to Mr. Kalin for his time and outstanding information.

Merced ranked in the top 10!

Posted June 14, 2012 by lgonella
Categories: Merced County Real Estate, Uncategorized

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According to the special report by Inman News – “10 Prime Real Estate Markets for First-Time Buyers,” Merced, CA is considered 4th in the nation! As stated in the article, “The markets in this report were chosen based on the percentage of all home sales in the area made to first-time buyers with FHA-insured loans in 2011.” 4 of the 10 markets listed are in the Central San Joaquin Valley.
The complete list of markets is as follows:

    1. Wilmington, Del.-Md.-N.J.
    2. Charleston, W.Va.
    3. Visalia-Porterville, Calif.
    4. Merced, Calif.
    5. Fresno, Calif.
    6. Hagerstown-Martinsburg, Md.-W.Va.
    7. Modesto, Calif.
    8. Minneapolis-St. Paul-Bloomington, Minn.-Wis.
    9. Atlanta-Sandy Springs-Marietta, Ga.
    10. Camden, N.J.

So, what makes Merced such a friendly environment for first time home buyers?  The largest of several contributing factors is the drastic drop of 71.5% in median sales price from the peak in 2006.

Our very own Dorothy Kielty, from Coldwell Banker Gonella Realty Merced Office was quoted with the following explanation:

“With the drop in prices to 1989 levels, many first-time homebuyers who were left behind when prices were climbing and thought they would never be able to buy a home are taking advantage of these low prices to get themselves situated.”

Stay tuned as we look at the other contributing factors in the next coming weeks!

To get started buying your first home, click here!

Now is a Fantastic Time to Sell!

Posted June 11, 2012 by lgonella
Categories: Merced County Real Estate, Real Estate Market Update, Uncategorized

Tags: , , , , ,

According to Clarus Market Metrics, the inventory in Merced County’s MLS (Multiple Listing Service) is 1 month.  In my 34 (soon to be 35) years in real estate, I have NEVER seen inventory this low!

As  sellers place their property on the market, many are receiving multiple offers,  a number of the offers that are often above the asking price, and in many cases the offers are all cash.

The sales data indicates that we have bounced off of the bottom and that home prices are definitely increasing.

Note the trend line for 2012- it is heading straight up!  The median sold price in May ’12 was $115,750. This is an increase of over 5% from $110,000 in May ’11.

So, if you have been thinking of selling your property, now is a GREAT time to take advantage of the low inventory, increasing prices and the large number of qualified buyers.

Call us today for professional real estate assistance:

Merced Sales Office:                                   209-383-2171

Atwater Sales Office:                                  209-358-6429

Commercial Office:                                     209-725-7253

Property Management Office:                209-383-6277