Posted tagged ‘Coldwell Banker Gonella Realty’

CB Gonella Realty Recognizes Dorathe Catlin

August 22, 2011

Dorathe Catlin- Coldwell Banker Mortgage

Coldwell Banker Gonella Realty is proud to recognize our Coldwell Banker Mortgage consultant Dorathe Catlin.  Dorathe has consistently placed in the Top 25 Coldwell Banker Mortgage consultants across the country.

In July, Dorathe placed 9th in the nation!

All of the staff and agents at Coldwell Banker Gonella Realty want to salute Dorathe for her hard work, dedication, and great attitude in a very challenging real estate market and always.

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Glenn Race visits CB Gonella

August 8, 2011

Glenn Race and Loren Gonella

On July 14th, Coldwell Banker Gonella Realty welcomed author, trainer, and office manager Glenn Race. Glenn has been in the real estate business since 1973, and was kind enough to share his wealth of knowledge with our agents. He spoke about the traits that are possessed by effective real estate agents and how to develop these. With a mix of humor, extensive experience, and vast knowledge, Glenn presented a remarkable program.

Due to all the positive comments, our agents cannot wait for a return visit.  Thanks again, Glenn, for a marvelous presentation. We look forward to seeing you soon!

Scott Oliver, Glenn Race, George Heiss, Robert Cardon

Coldwell Banker Gonella Realty’s Open House Sunday in July

July 14, 2011

This Sunday, July 17th, from 1-4pm,  Coldwell Banker Gonella Realty is excited about hosting our second Open House Event!   We have 17 wonderful homes to show and look forward to seeing you there for refreshments and another one of our fabulous drawings.  At the same time, we would like to recognize Jose M., Parminder K., and Chongge M., the winners of the drawing at our first event who won $100.00 gift cards.  Congratulations and thank you for your support! Please look for our ad in the Saturday Edition of the Merced Sun-Star for details on the locations. You can also view more information on the Facebook Event Page.  See you on Sunday.

If we may answer any of your questions before, during or after the event, please do not hesitate to call upon any of our sales associates who are conveniently available at these locations:

Merced Sales Office: 209-383-2171

Atwater Sales Office: 209-358-6429

Commercial Office: 209-725-7253

Property Management Office: 209-383-6277

Open House Extravaganza

June 14, 2011

Courtesy of the Merced Sun-Star (originally ran June 4th, 2011)

On June 4th and 5th we celebrated the National Association of REALTORS® Open House Weekend.  Coldwell Banker Gonella Realty held 19 open houses, and it was so exciting to welcome a total of 152 visitors to these homes.  Coldwell Banker Gonella Realty is, and always has been,  committed to providing the very best service to all of our clients – both buyers and sellers.  Our Open House Extravaganza is just one of the many ways in which we aim to serve our clients.  Please stop by to learn about the myriad of ways we may be of service to you, and please stay tuned for our next Open House Extravaganza!

If we may answer any of your questions, please do not hesitate to call upon any of our sales associates, conveniently available at these locations:

Merced Sales Office: 209-383-2171

Atwater Sales Office: 209-358-6429

Commercial Office: 209-725-7253

Property Management Office: 209-383-6277

MCAR Charitable Foundation Annual “Feed the Hungry” Auction

June 2, 2011

On May 17th, at the offices of the Merced County Association of REALTORS® (MCAR), Coldwell Banker Gonella Realty, along with Century 21 M & M and Associates, sponsored an auction through MCAR’s charitable foundation to benefit the Salvation Army and the Merced County Food Bank. The auction raised slightly more than $16,000 which will be used to help those in need in our local area.

We each want to express our appreciation to everyone who donated items, all of you who attended, and each of our sponsors. This is a prime example of what can take place when competitors stop competing for a moment and unite to help mankind.

Gonella Realty Hosts its 37th Annual Awards Breakfast

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!

Supply and Demand

December 15, 2010

The law of supply and demand is alive and well in the Merced/ Atwater Real Estate market.  In October, 2010, the inventory of available homes for sale stood at 2.3 months (meaning that if no new homes came on the market, the existing inventory would be sold out within 2.3 months if sales continued at their current pace). The inventory 2 years ago in 2008 was a 5.9 months which is a decrease of 61%.

The lack of available inventory is continuing to increase prices.  The median sales price increased from $105,000 in October 2009 to $113,000 in October 2010.  This is an increase of 8% over one year.  Interestingly, the median list price was $122,950 in October of 2009 and $125,000 in October 2010.  This is just a slight increase of approximately 1%.  What does this mean for buyers and sellers?  This represents an incredible buying opportunity for buyers because, although present inventory remains limited, prices are down 60% from the peak in 2005 and interest rates remain at historic lows, thereby increasing affordability for our local community.  In fact, over 90% of our local buyers can now afford to buy the median priced home, whereas in 2005 only about 11% of our local buyers were able to afford to buy the median priced home.

In October 2010, 205 properties were listed in the multiple listing service.  During the same period of time, 195 properties were placed in escrow.  New inventory is selling almost as quickly as it is listed.  This real estate phenomenon has resulted in the inventory continuing to remain tight.  This is a wonderful opportunity for sellers to sell their homes quickly and profitably as, in many cases, sellers are selling their homes for even more than their asking price.

September 23rd, 2010

September 23, 2010

From August 2009 to August 2010, the Median For Sale Price in the Merced Area increased from $105,000 to $122,500. This is an increase of 17% year over year.
The available inventory continues to remain very slim this year over last year–decreasing 14% from 904 properties for sale in August 2009 to 776 properties for sale in August 2010. The time a property remains on the market until it is sold has increased slightly from the average of 46 days in August 2009 to 53 days in August 2010.
Interest rates continue to stay below 5%, in some cases at or near 4.5%, which is at or near historic lows.
Overall, with prices still very low, and interest rates at or near historic lows, this remains an excellent time to buy.

August 11th, 2010

August 11, 2010

From July 2009 to July 2010, home prices have remained essentially unchanged. This is a departure from the last 6 months, which have had a steady increase when compared to the same time period during the previous year. For example, May 2010 showed an increase in price of 22% over May 2009 and June 2010 showed an increase of 14% over June 2009. The most likely conclusion is that not all recoveries are steady–there are going to be peaks and valleys.

Currently, the supply inventory of homes continues to remain very low at 2.1 months.

Even though the Median Sale Price shows no increase from July 2009 to July 2010, the Median For Sale Price, or asking price, for the same time period has increased 9% from $119,000 to $130,000. We believe the cause for this might be more traditional sellers, as opposed to short sales and bank owned properties, on the market.

Bank owned properties at the moment only represent about 25% of the total transactions in contrast to  2009 where bank owned properties accounted for almost 75% of transactions.  In 2010, private owners represent about 42% of the total transactions. It is our prediction that more and more private sellers will come into the market as it continues to rebound.

Rental Property Inventory Update

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!