Posted tagged ‘Rentals’

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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

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Categories: Merced County Real Estate, Rental Market
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UC Merced Students Impact Rental Market

May 5, 2011

According to the University of California, Merced, the student population is continuing to rise! UC Merced expects 5100 students this year.  This is an increase of approximately 700 students over last year’s census.

This large influx of students is having dramatic effects on the residential rental market. According to Gonella Property Management, there may be a severe shortage of large single family residences in North Merced beginning this summer.

If you have been thinking about purchasing a single family rental NOW is the time!  Prices are still very low and according to Gonella Property Management rents are increasing!

For more information contact Gonella Realty:

Merced Office: (209) 383-2171

Atwater Offie:  (209) 358-6429

Property Management: (209) 383-6277

Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized
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Students Soak Up Summer Vacancies

August 16, 2010

According to UC Merced, there are approximately 1,450 more students starting this fall semester as compared to last fall semester. UC Merced also indicated that the dorms are filled and there are over 400 additional students on the waiting list. More than likely these students will have to find housing in the community. The overall effect will be absorption of units, thus decreasing the vacancies in the area. As the vacancy factor decreases, rental rates will continue to stabilize and will increase. Investors should definitely take note and continue to invest in both single family and multi-family residences.

Categories: Merced County Real Estate, Real Estate Market Update, Rentals
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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!


Categories: Merced County Real Estate, Real Estate Market Update, Rentals, Uncategorized
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March 5, 2010

March 5, 2010

The following is a reprint courtesy of Gonella Rentals Market Update (originally posted 1-29-10):

We at Gonella Property Management have been working diligently to accommodate the needs of the Merced community. Our staff has been assisting our customer base by showing as many properties as we can and taking as many steps as possible to get housing for people when it is needed the most. We have not seen a downturn in our customer base, even with upheaval of the holiday season. Many of our clients include new property owners, families and students.

Most of our clients of the past three months have been families that have suffered the unfortunate impact of foreclosure. Thankfully our fully staffed office is in the position to assist as many individuals/ families as we can. At this time rental homes have been the main driving force for our office. We have several apartments available and we believe that market activity will be picking up in the coming months. Typically January is a slow month for rentals February sees more activity.

Properties Rented


Featured Apartment

257 Brookdale Drive – 2 bedroom/1 bath

$600.00 Rent & $600.00 Deposit

(G Street, turn onto Brookdale) 750sf new carpet throughout,  Living

room, kitchen,central heating and air, laundry hook-ups,

No Pets, Fridge included!!!

FIRST MONTH FREE WITH A 6 MONTH LEASE!!!


Select the links to view view more listings or to print a rental application!

Categories: Rentals, Uncategorized
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