Average Home Sizes and Asking Prices
Updated On: May 24, 2015
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Homes for Sale in Monterey
Current Monterey CA Real Estate Listings
The magnificent Monterey Peninsula has been called the greatest meeting of land, sea and sky on earth. It is one of the world's most popular vacation and business destinations for good reason. Its temperate climate, beautiful scenery and diversity of activities and experiences make it an ideal place to relax and live!
Monterey, a beautiful seaside community, combines the charm of small town America with an endless variety of recreational and cultural activities. Monterey's rich history, the saga of California's Mission Trail, historic Fisherman's Wharf and Cannery Row, the 17-Mile Drive and its world-class golf courses, the Monterey Bay Aquarium, a unique variety of shops and galleries, and a spectacular assortment of parks and natural areas combine to provide a truly unrivaled place for your next getaway and the home of your dreams.
Prospective homebuyers will be delighted and impressed with Monterey's real estate market, which runs the gamut from oceanfront homes, single-family residences in quiet, residential neighborhoods, gated communities, and condominiums.
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Monterey Real Estate Market - Price Range of Monterey CA Homes for Sale
Monterey's housing market is eclectic and much more affordable than one might expect. Whether you're looking for a waterfront home that overlooks the Monterey Bay, or are looking to live in a golf course or country club setting, Monterey has something for everyone. You can experience the delights of city living (Monterey has a wonderful small city vibe) or find yourself on private acreage with serene and peaceful views. More affordable than most people would imagine, single-family homes in Monterey start in the $425,000s for small bungalows, starter homes and cottages and run up to $3 million for larger properties in exclusive communities. Monterey's condos and townhomes market feature a pricing spectrum that ranges from $215,000 to upwards of $1 million.
Monterey Real Estate Stats and Trends for the week of May 18th, 2015: homes priced around $964,829 compared to $1,006,373 the previous week, showing a decrease of less than -4%. For Saturday, May 23rd, the current national mortgage rate for a 30 year fixed mortgage is 3.89%; the 15 year fixed rate is at 3.05%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.23%, while the 15 year jumbo rate currently is at 3.76%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Monterey CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Monterey to help you find the best home!