Monterey Hills Real Estate - January 2012 Sales Recap

Monterey Hills Real Estate - January 2012 Sales Recap

First some background:  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 - a greatly appreciated addition to the community.

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.

During January 2012 there were four sales in Monterey Hills.  Four different condominium complexes were represented:  Muir Terrace(a two bedroom, den, short sale sold for $234,000), Huntington Terrace(an updated first floor unit with two bedrooms and a large patio for $257,000), a two bedroom, two bath unit at Chadwick Terrace at $240,000) and Linden Heights(a top floor two bedroom unit at $290,000).  The average sales price for January 2012 was $255,250 with a median sales price of $248,500.    During January 2011 there were two sales.   One sale was in Eaton Crest(two bedroom/den with large patio sold for $300,000) and Catalina Terrace(a two bedroom short sale at $250,000).   

If you would like to know more about Monterey Hills real estate contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com.

Budd Weiner Park in Monterey Hills

Linden Heights in Monterey Hills

Eaton Crest in Monterey Hills

Muir Terrace in Monterey Hills