Monterey Hills December 2011 Real Estate Market Recap
Budd Weiner Park in Monterey Hills
The Monterey Hills community is located within the city limits of Los Angeles and offers a variety of condominiums, townhomes and one single family development in a planned environment. Most communities within Monterey Hills offer a pool, spa and a recreation/meeting room with some complexes boasting saunas, tennis/sports courts and other amenities.
The desirable close-in location offers a relatively easy commute to Downtown Los Angeles, the San Gabriel and San Fernando Valleys and Los Angeles' Westside. Despite this highly convenient location, Monterey Hills remains somewhat of a hidden treasure unknown to many. In 2011 a new grocery store, Fresco Community Market opened in the community of Hermon just down the hill from Monterey Hills on Monterey Road between Via Marisol and Avenue 60
The first communities in Monterey Hills were constructed in 1979 with Bradley Court the 16 unit single family community constructed in 2000. Other communities range in size from 20 units to 198 units. Condominiums are generally one bedroom to two bedroom/den floor plans and range in square footage from approximately 650 square feet to over 1500 square feet with subterranean parking. Townhomes with private garages have either two or three bedrooms and some have bonus rooms, dens and additional storage.
Monterey Hills December 2011 Real Estate Market Recap
Fremont Villas in Monterey Hills
In December 2011, there were twelve sales in Monterey Hills according to our local mulitple listing service statistics as of January 9, 2012. The closed sales ranged in final price from $145,000(two condos actually, one was a bank owned top floor one bedroom unit in Linden Heights and a two bedroom/one bath unit that the listing agent told me had a low income restriction in Chadwick Terrace) to $278,000(a townhome in Fremont Villas that sold prior to being exposed to marketing). There are currently 18 properties on the market for sale ranging in price from $178,000(one bedroom in Wilson Summit) to $558,000(a two bedroom townhome in Marshall Villas). Ten properties are in escrow ranging in list price from $169,000 to $469,000. In December 2010, there were eight properties sold ranging in price from $225,000 to $380,000.
Eaton Crest in Monterey Hills
Monterey Hills December 2011 Real Estate Market Recap
If you want to know more about Monterey Hills or any of the surrounding community, contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com. Michael has successfully represented buyers and sellers in the area since 1994 and welcomes your inquiries.
Bradley Court in Monterey Hills
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