Monterey County Real Estate 2012 vs. 2011 The big story for Monterey County real estate in 2012 was the lack of sellable inventory available to home buyers in Monterey County. Buyers found themselves in multiple offer situations and actually having a difficult time purchasing a home! So much for the buyer’s market we were supposed to have in 2012. The lower than normal inventory resulted in the number of home sales dropping from 3344 homes sold in 2011 to 3116 homes sold in 2012, or a 6.8% decrease. This number is a bit misleading … (0 comments)
median price: Home Sales Slow Over the Holiday
- 03/03/09 12:29 PM
With the Holidays just behind us now, the numbers for Monterey, California are a bit on the sluggish side, which is to be expected. The number of sales in January reflects just how little was going on here in Monterey in the month of December. With jumbo loans still very difficult to get, and with the over abundance of lower priced investment opportunities in the surrounding areas, it is no surprise we only had 3 closed transactions for the month. But as you can see, there were only 5 sales last year in 2008 for the month of January. Historically the month … (0 comments)
median price: Monterey, CA Market Trends Report for September 2008
- 10/24/08 05:47 AM
The city of Monterey has been following the rest of the Monterey Peninsula trends with sales increasing slightly over the past several months and average and median prices falling. The increase in inventory means there are great properties to choose from and buyers are starting to take advantage. We are seeing a larger percentage of distressed sales in Monterey than in the recent past which is the driving factor on these numbers. Most impacted by the current market is the northern portion of the city where we are seeing more foreclosures and short sales. If you compare Monterey's numbers with the county … (0 comments)
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