The Monterey spring real estate market has been very strong with the most activity in the sub $1M category. More expensive properties are sitting longer on the market, but if they are reasonably priced, there is a buyer demand.
A Look at the Housing Stats | Spring Real Estate Market
The median list price as of April 6th, 2018 is just under $1,275,000, and we have an average days to sell of 153 days.
Spring is an exciting season for buyers looking for more inventory to hit the market. We are anticipating an increase in Monterey real estate listings over the next few weeks as we approach late April and May, and we’ve noticed the average days to sell is about 20 days less than it was two months ago in February.
The Monterey Condo and Townhouse Market
Condos and townhomes in Monterey are in even more of a seller’s market.
More statistics found by clicking this graphic.
What This Data Means if You Are Buying in Monterey
If you’re considering buying, the Monterey spring real estate market is here and you can look forward to some wonderful market offerings in the coming weeks and months. We are in a strong market, and while interest rates have climbed over the last year, historically they are still exceptionally low and provide a great opportunity for buyers to get into the market.
And if You’re Selling in Monterey
Looking at the data, we can conclude that the demand for living in Monterey is still very strong due to the value of our location. The clean air, beautiful weather, and temperate climate make Monterey so much more than a vacation destination. Buyers come here from all over the world, fall in love with the location, and want to make it a full time residence or second home. The many great restaurants and outdoor activities provide long term family fun. When comparing prices in Monterey with prices of the Silicon Valley, it is evident the Monterey Peninsula is a tremendous value when it comes to the real estate market.