Posted tagged ‘Investment’

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