Monterey Hills, CA 2010 Sales Recap by Realtor Michael Jacobs

Monterey Hills, CA 2010 Sales Recap by Realtor Michael Jacobs

Monterey Hills is a planned community within the city of Los Angeles consisting of condominiums, townhomes, one planned unit development and one senior living facility(rental).  

55 units sold in 2010 according to multiple listing reports.   The sales ranged in price from a low of $188,000 to a high of $445,000.  The average price sold was $308,073 and the median price sold for all units was $310,000.   The average square footage for all units sold was 1131 and the number of days on the market for sale was 86 and the units sold for 97.51% of the last listing price.

Monterey Hills, CA 2010 Sales Recap by Realtor Michael Jacobs  BANK OWNED

According to multiple listing reports seven(7)of the reported sales were bank owned properties having been foreclosed by the previous owners lender or lenders.    The average sales price for bank owned properties in 2010 for Monterey Hills condos/townhomes was $278,786

Monterey Hills, CA 2010 Sales Recap by Realtor Michael Jacobs  SHORT SALES

According to multiple listing reports seven(7)of the reported sales were short sales.  A short sale occurs when there is a sale when the sale proceeds fall short of the balance owed on the property's loan.  The seller and the lender(or lenders) must consent averting a foreclosure.  Despite the name, a short sale may take many months(if ever) to actually close in a successful transaction.   The average sales price for short sale properties in 2010 for Monterey Hills condos/townhomes was $292,643.

Monterey Hills, CA 2010 Sales Recap by Realtor Michael Jacobs  PLANNED UNIT DEVELOPMENT

According to multiple listing reports there were no sales in Bradley Court, Monterey Hills' only planned unit development of 16 homes.

Do you want more information about Monterey Hills Real Estate?

I am available to answer your real estate questions whether you are a buyer, seller, landlord, tenant or just curious about the great Monterey Hills lifestyle.

Michael Jacobs  dre# 01165532     cell 818.516.4393