Not much change in the Monterey Hills real estate inventory in November 2008. Monterey Hills townhomes are non-existent - only one unit on the market. Monterey Hills condos are also pretty much at a stand-stil with no new condo listings in November and only eight total condos available for sale.

Statitstics for Monterey Hills real estate for September through November 2008:

Condos Sep-08 Oct-08 Nov-08
New
Listings
2 1 0
Total
Listings
12 10 8
Sales
Pending
3 2 1
Homes Sold 2 3 4
Listings
Expired
3 4 0
Average Days
on the Market
108 75 100
Average
Price Per Sq. Ft.
$313 $268 $298
Median
Selling Price
$425,000 $280,000 $324,000
Average
Selling Price
$394,500 $295,667 $322,000
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
26.0 14.4 8.7
Townhomes Sep-08 Oct-08 Nov-08
New
Listings
0 1 1
Total
Listings
1 1 1
Sales
Pending
3 1 0
Homes Sold 3 2 0
Listings
Expired
0 0 1
Average Days
on the Market
57 74 n/a
Average
Price Per Sq. Ft.
$307 $285 n/a
Median
Selling Price
$394,500 $467,500 n/a
Average
Selling Price
$425,667 $467,500 n/a
Absorption
Rate (# of weeks to sell
current inventory at present rate of sales)
1.4 2.2 n/a

See Monterey Hills condos and townhomes available for sale below:

(Please note, because there are multiple listing services in the Pasadena Monterey Hills area and our listing service combines condo and townhome information from all these listing services, some of the home listings can be duplicated since these condos and townhomes have been entered into each indivdual service separately - have fun searching)

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search
for a Monterey Hills condominium or townhouse
, please click on the
search
home link
.

For weekly updates on Monterey
Hills real estate market activity
, please feel free to request
market analysis reports with detailed information by clicking
here
. These reports are gathered and updated by Altos Research and
will be emailed to you with my compliments.

Posted by Irina
Netchaev, Monterey Hills Real Estate
Agent
626-627-7107