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monterey peninsula: "Local Market Percolating" - 03/30/07 02:02 AM
Local Market Percolating According to the statistics, Monterey County is in a raging buyers' market. In reality, not quite! Although there is a lot of interest and pent-up demand and buyers making offers, sellers aren't budging much from their asking prices. Consequently, few deals are being struck, and, of those that are, a very high percentage are falling out of escrow. Title companies on the Peninsula are guesstimating that 30-50% are falling through.  With that in mind, please take these numbers with a grain of salt. These numbers reflect general trends and have little bearing on any particular home in any … (0 comments)

monterey peninsula: Average Home Price Tops $1,000,000 in Monterey County - But Don't Be Fooled! - 02/14/07 04:13 AM
 
Ok, now that I've got your attention let's take a look at this a little more closely.
The average home price rose 24.8% in January, 11.5% higher than the previous record set just one year ago. Playing a major role in setting this new record were individual home sales of $11 million, $8 million and a couple over $4 million on 125 total sales for January. All in all, that took the average just over a million to $1,119,986!
Let’s break this down to a more realistic assessment of our current state of the market for Monterey County:
The … (1 comments)

 

Chris Segovia

Carmel, CA

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Keller Williams Realty

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