Posted tagged ‘Merced County’

1st Quarter of Real Estate in 2015- the Highlights

April 30, 2015

Prices continued to rise to $195,000 in March of 2015, from $149,000 in March of 2014.  This is an increase of 31% over 12 months.

1 year MSP

During the 4th Quarter of 2014, the inventory steadily rose to 5.5 months in December.  Starting in January of 2015, and continuing throughout the 1st Quarter, inventory dropped like a rock and at the end of March was down to 2.3 months.

1 year Inv

Summary:  Prices continuing to move up, and inventory at near record lows! For sellers this is indicative of a strong markets- so if you are considering selling, now is the time!

We believe that the market will continue to remain strong throughout the remainder of the Spring / Summer selling season.

For buyers- interest rates continue to remain at near historic lows, even though the inventory is tight.  Our agents can utilize the Multiple Listing Service’s auto-prospecting program to notify you immediately when a property that matches your purchasing criteria is placed on the market.

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 Jameson, or Assistant Property Manager Tina Winek.

Email: KJameson@gonellarentals.com;

TWinek@gonellarentals.com

Phone:                                         209-383-6277

For any Sales or Leases of Commercial Properties:

Commercial Office:                  209-725-7253

So What Will Happen to Real Estate in 2015?

March 26, 2015

If you take a look at the change in Median Sold Price from February 2013 to February 2015 we see a 34% increase from $127,000 to $170,000 in 2 years.

 2 yr (2)

However, if you look at the change in Median Sold Price from February 2014 to February 2015, we see a 6% decrease from $180,000 to $170,000 in the last year.

1 yr (2)

Going forward, we believe that prices will continue to appreciate, however at a much more modest rate of +/- 7%-10% per year.

A 34% appreciation rate is not sustainable; we believe that the market is moving back towards the slower appreciation rates we experienced in the 80’s & 90’s.

So What Does That Mean???

For Buyers: It means that homes purchased will continue to appreciate (however, at the slower rate) and are still a good investment!

For Sellers:  It means that homes are selling, although sellers need to be sure their homes are priced correctly before being placed on the market.

With interest rates still at historic lows and more homes to choose from, now is an excellent time to buy your new home.

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 Jameson, or Assistant Property Manager Tina Winek.

Email: KJameson@gonellarentals.com;

TWinek@gonellarentals.com

Phone:                                         209-383-6277

If you are interested in selling, you may be surprised at the market value of your property.  If you would like a current market analysis of your property, please contact one of our highly trained agents.

Merced Sales Office:                209-383-2171

Atwater Sales Office:               209-358-6429 

Commercial Office:                  209-725-7253

Is Now A Good Time to Buy?

December 15, 2014

Home values continue to appreciate; however, at a slower rate.

MSP - 2 yr

Inventory remains somewhat tight.

Inventory- 1 year

Demand is very steady.

 Supply & Demand 2 yr

It is important to note that expired properties are still increasing at a dramatic rate.  We believe this is due to sellers not pricing their homes correctly.

Expired 2 yr

With interest rates still at historic lows and more homes to choose from, now is an excellent time to buy your new home.

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

If you are interested in selling, you may be surprised at the market value of your property.  If you would like a current market analysis of your property, please contact one of our highly trained agents.

Merced Sales Office:                                  209-383-2171

Atwater Sales Office:                                 209-358-6429 

Commercial Office:                                    209-725-7253

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

 

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

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

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

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

Inventory Remains Very Tight – Home Values are Increasing

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

Coldwell Banker Gonella Realty Congratulates Dorothy Kielty

December 9, 2011

This Wednesday, December 07, 2011, the Merced County Association of REALTORS® (MCAR) recognized Dorothy Kielty with the “Jesse Fees Memorial Award.” This award is given annually to the REALTOR® that exemplifies Professionalism, Service and Congeniality.

Since obtaining her real estate license in 2004, Dorothy has been very active in the real estate community – holding several positions, and being recognized with several awards. Among them include:

President of MCAR – 2008
“Lou Gonella Award” 2008 – Coldwell Banker Gonella Realty
“REALTOR® of the Year” 2007 – MCAR
“Member of the Year” 2010 – Merced Women’s Council of REALTORS®
“Entrepreneur of the Year” 2011- San Joaquin Valley Women’s Council of REALTORS®

Dorothy is honored to have been welcomed so openly to the local real estate community. She states that she is honored by all the awards she has received. The “Jesse Fees Award” and the “Lou Gonella Award” have the most sentimental value for Dorothy as they show her colleagues value her professionalism and service. The “Lou Gonella Award” is voted upon by the staff and agents of Gonella Realty when asked to select “The person, who, in your opinion, is a team player, exhibits integrity & ethic, treats everyone with equality, and takes great pride in their work.”

Before real estate, Dorothy was a computer engineer with Hewlett Packard/Agilent Technologies for 19 years. Dorothy enjoys being a member of the Gateway Quilters Guild. She is happily married to Larry Thompson, is a proud mother of 4, and grandmother of 5.

Coldwell Banker Gonella Realty would like to extend our sincerest congratulations to Dorothy. We are proud to have her as a part our real estate family.

If you are interested in receiving Dorothy’s award winning service, she can be reached through any of the following:

Merced Office:                                   209-383-2171 ext 318
Cell:                                                        209-489-0621
Email:                                                   dkielty@gonellarealty.com
Website:                                              www.DorothySellsMerced.com