market report: Where is the Monterey Condo market going in 2010
- 01/09/10 09:26 AM
To predict the future we must first look to the past. There were a total of Forty-three units that sold in Monterey in 2009. $165,000-$250,000 = 12 $300,000-$400,000 = 13 $400,000-$500,000 = 6 $500,000-$600,000 = 8 $600,000-$800,000 = 4 As you can see the lower-end dominated the 2009 market place. Currently there are 30 units on the market and 9 units in escrow. $60,000-$250,000 = 11 Active 3 pending $250,000-$400,000 = 14 Active 5 pending $400,000-$500,000 = 3 Active $500,000-$600,000 = 8 Active 1 pending $600,000-$700,000 = 2 Active Over 2 Millon = 1 Active So what do these numbers … (0 comments)
As the New Monterey market sales cycle accelerates into the summer season, average sales prices have increased from $483,000 in the first quarter to $625,000 in the second.
The New Monterey marketplace second quarter 2008: -In the second quarter 4 homes sold compared with 3 home sales the first quarter. -7 homes are currently in escrow compared with 3 in the first quarter. -18 homes are currently for sale compared with 12 in the first quarter.
The following homes have sold in 2008: Address Sales Price … (0 comments)
Looking at statistics can be tricky. We cannot always take them at face value, especially when looking at median home prices. The big numbers don’t always show you the entire picture. Every area is different. Yes, the overall market has gone down but there are sub areas (neighborhoods) that are still forging forward.
Monterey Counties Median Sales Price for June 2008 *Data provided by DQ News
So what is the good news? 1. There are two cities on the Monterey Peninsula that the median price has gone up, Carmel Valley and Pebble … (0 comments)
To predict the future we must first look to the past. 
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