Brady and Son Realty

A Real Estate Team from Keller Williams Silicon City

Fulfilling Dreams, one Home at a Time.

Whether you are selling, buying, or investing, our goal is to meet your Real Estate needs so well that you recommend us to your family and friends.

2221 Oakland Road #268, San Jose, CA 95131

Phone: 408-868-8052

Monterey County Real Estate

Monterey's iconic Cannery Row (Image credit: Hotel Pacific)

Monterey Area Profile

Demographics:

Business and Economy:

County Government

Monterey County is governed by a Board of Supervisors consisting of 5 members elected to overlapping 4-year terms. Supervisors are elected by district.
Monterey County Government Building

Monterey County Real Estate Market

Monterey County Real Estate Trends
Monterey County Real Estate Trends: 12-month Average Sales Price and Average Sales to List Price Ratio by Month

Average sale prices in Monterey County have held fairly well around a median of about $940,000 for the past 12 months, up from about $880,000 average a year ago. Prices have held reasonably well despite the COVID-19 restrictions.

The average sales price to list price ratio shown by the red line has remained within 2.9% of list indicating strong demand for homes that are well priced.

Monterey County Sales by Price Range
Santa Clara County Real Estate Trends: 12-month Residential sales by price range

The histogram above shows the breakdown of Monterey County residential home sales by price range. Here we see the bulk of the Monterey County market is in the range from $200,000 to $1,000,000 despite the high prices in coastal areas such as Pebble Beach, Carmel, and Pacific Grove. Within this range, homes selling from $400,000 to $600,000 constitute the bulk of the sales. This shows that most of the homes sold in Monterey County are in middle class neighborhoods, not the wealth areas.

Monterey County Average Days to Sell
Monterey County Real Estate: 6-month Average: Days to Sell versus Price Range

The average days to sell histogram shows that for homes priced between $400,000 and $1,200,000, sellers can expect to be in contract in 1 to 2 months, compared while moster higher price brackets take 3 months or more to sell, suggesting listing agents are not properly targeting the most opportune buyers in their marketing.

In the sale-price-to-list-price-ration histogram here, we see that offers average more than 93.8% of list for the bulk of the market. This is a normal market and indicates that homes in the area are well priced for the demand. The average of 8.9% below list for the over $5,000,000 indicates either that sellers there are expecting too much for their properties or the agents are not properly marketing them to the most opportune buyers.

Monterey County Real Estate Sales to List Price Ratio by Price Range
Monterey County Real Estate: 6-month Average Sale Price to List Price Ratio by Price Range

Help me with Monterey County Real Estate

The accuracy of the information displayed in this site is not guaranteed. The user is advised to conduct their own investigations to validate any information on which purchase or sale decisions are made. Data from the Multiple Listings Service subject to applicable limits on accuracy and content.

Original content ©2018, 2019, 2020 Brady and Son Realty Team @ KW Silicon City . Referenced images and data subject to originator copyrights.