Monterey Annual Real Estate Trends

Monterey
(Single Family Homes)
  Units Prices % Change from year before
Year Listed Sold Median Average Listed Sold Med Ave
1995 221 117 $300,000 $343,825        
1996 242 135 $285,500 $305,180 9.5% 15.4% -4.8% -11.2%
1997 197 152 $282,125 $315,224 -18.6% 12.6% -1.2% 3.3%
1998 221 167 $300,000 $348,102 12.2% 9.9% 6.3% 10.4%
1999 233 187 $398,000 $438,645 5.4% 12.0% 32.7% 26.0%
2000 229 163 $489,000 $566,307 -1.7% -12.8% 22.9% 29.1%
2001 236 106 $476,100 $631,385 3.1% -35.0% -2.6% 11.5%
2002 239 174 $535,000 $588,927 1.3% 64.2% 12.4% -6.7%
2003 208 163 $625,000 $685,194 -13.0% -6.3% 16.8% 16.3%
2004 244 190 $700,000 $770,933 17.3% 16.6% 12.0% 12.5%
2005 241 160 $875,000 $936,813 -1.2% -15.8% 25.0% 21.5%
2006 251 125 $835,000 $900,346 4.1% -21.9% -4.6% -3.9%
2007 243 95 $795,000 $901,594 -3.2% -24.0% -4.8% 0.1%

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Monterey
(Townhomes/Condominiums)
  Units Prices % Change from year before
Year Listed Sold Median Average Listed Sold Med Ave
1995 101 58 $183,000 $180,883        
1996 91 61 $205,000 $211,228 -9.9% 5.2% 12.0% 16.8%
1997 80 70 $190,500 $218,202 -12.1% 14.8% -7.1% 3.3%
1998 68 75 $176,500 $206,080 -15.0% 7.1% -7.3% -5.6%
1999 76 63 $241,000 $279,711 11.8% -16.0% 36.5% 35.7%
2000 73 53 $349,000 $387,872 -3.9% -15.9% 44.8% 38.7%
2001 61 39 $285,000 $327,871 -16.4% -26.4% -18.3% -15.5%
2002 83 56 $304,250 $340,313 36.1% 43.6% 6.8% 3.8%
2003 78 61 $356,000 $396,408 -6.0% 8.9% 17.0% 16.5%
2004 65 54 $475,000 $495,110 -16.7% -11.5% 33.4% 24.9%
2005 96 66 $585,000 $574,472 47.7% 22.2% 23.2% 16.0%
2006 87 40 $510,000 $585,877 -9.4% -39.4% -12.8% 2.0%
2007 143 49 $486,000 $563,316 64.4% 22.5% -4.7% -3.9%

DEFINITIONS

Med. Price
Median Price is that at which 50% of properties sold were above that price and 50% were below.
Ave. Price
Average Price is the sum of all prices divided by the number of sales.
Ave. DOM
Average Days on Market is the average time it took to sell all properties.
Newly Listed
How many properties came on the market in the given time period.

 

These statistics are generated using information from the RE InfoLink MLS, but have not been verified and are not guaranteed. RE InfoLink disclaims any responsibility for the accuracy and reliability of these statistics. This information should not be relied upon for real estate transaction decisions.

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