The Hamptons in Monrovia
Homes In A Planned Unit Development
This is a real estate market activity report for The Hamptons, a planned unit development(P.U.D.) in the city of Monrovia. In this report, I will provide information for year-to-date 2017 as well as sales data for the previous three 
years. The statistical information has been gathered from our local multiple listing service(mls) and may not include all transactions in the community.
Built in 1987, The Hamptons is a community of 51 homes in one or two story floor plans with attached garages in an architecture that I would describe as Modern Cape Cod. Doray Circle winds through the neighborhood as the only street in the community. Each home features three bedrooms with up to two-and-one-half baths. In a planned unit development, the lot sizes are generally smaller than you would find in surrounding single family neighborhoods.
While there are CC&Rs(Conditions, Covenants and Restrictions) and a homeowner association, the homes are detached and so much more like a single family home in appearance than a townhouse. This can be a more 
affordable option for those looking for a home with a yard. The Hamptons community features a pool, spa and lounge area.
Monrovia is located just east of Pasadena and is more than just a bedroom community. There are major employers located in the city including the company headquarters for Trader Joe’s. Restaurants, a Sprouts Farmers Market, Kohls, Bed Bath and Beyond and many other retailers are located along Huntington Drive.
In Old Town Monrovia along Myrtle Avenue, you will find a variety of unique shopping and dining options as well as a Krikorian Premier Theater complex. There is also the weekly Friday evening Farmers Market. Residents and visitors alike enjoy the small town appeal of Monrovia. With the San Gabriel Mountains as a backdrop, Monrovia is located close to the Foothill(210) and west of the San Gabriel River(605) freeways. In 2016, the Gold Line Monrovia station opened which further enhanced the appeal of the city.
There are currently no homes available for sale or in escrow in the community. The last sale at The Hamptons closed in December 2016 according to our mls statistics. There were a total of three mls-reported closed transactions in 2016 ranging from $525,000 to $548,000 with an average sales price of $536,000(median sales price $535,000). All were two story floor plans. Two of the three sold at their list price for an overall average of 99.75% and for a relatively affordable $354.76 per square foot.
In 2015, there were two sales reported for the year. Also two story models, they sold for $495,000 and $500,000.
There were also two closed transactions in 2014 according to mls records. The homes sold for $530,000 and $540,000.
Home prices will vary based on location within the community, condition, upgrades(or lack thereof), emotional appeal and timing. A more detailed look is always recommended for a buyer who may be crafting an offer to purchase. Obviously the same holds true for a homeowner who is thinking of selling -- an appropriate list price and proper presentation will bring the best possible results.
If you are interested in knowing more about The Hamptons or any Monrovia real estate, let’s discuss what’s important to you. Better yet, if you are a homeowner who has been thinking of selling, this may be the right opportunity for you to consider it. Let’s discuss what is important to you. I can be reached at 818.516.4393 cell.
Published: September 26, 2017
The Hamptons in Monrovia
Homes In A Planned Unit Development
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