Dec. 30, 2011

Monterey Hills Real Estate Market Report

Monterey Hills Real Estate Statistics for November 2011 – Monterey Hills California – Condos and Townhomes

Monterey Hills is a community next to South Pasadena, a truly hidden gem since not too many people know about it.  It's conveniently situated next to 110, 134, 5 and 10 freeways, making it easy to get to pretty much anywhere within Los Angeles County.  Known by USC Pharmacy students and Kaiser professionals as the place to live, it is a hill that only offers condos, townhomes and a few PUDs (Planned Unit Development).   This report will provide you with an overview of the real estate market.

Drake Terrace

Eaton Crest Monterey Hills

 

  • There are 12 condos and townhouses for sale in Monterey Hills California ranging between $165,000 to $558,000,000.  2 of these condos were listed in the month of November with an average list price of $285,000.
  • There are 5 pending/under contract sales and in the past 30 days there has been 5 closed sales with an average closed price $306,250 spending an average of 171 days on the market.
  • Year To Date (YTD) there have been 58 closed sales with an average sold price of $256,278 spending an average of 158 days on the market.
    • Average price per square foot was $230
    • Average interior square footage – 1,107
  • Highest Priced Condo/Townhome for November 2011 – $420,000 - an all cash purchase.
  • Lowest Priced Condo/Townhome sold for October 2011 – $240,000 sold - a short sale.

SEE ALL MONTEREY HILLS CONDO LISTINGS HERE

For comparison purposes, 2010 Monterey Hills real estate market information is below:

  • 2010 had 67 closed sales with an average sold price of $350,431 spending an average of 75 days on the market with an average price of square foot running at $259.
  • Highest Sold– $675,000 – 17 days on the market - one of the Planned Unit Developments (very few on the hill and rarely go on the market!)
  • Lowest Sold– $187,000 – 14 days on the market

Here's a 10 Year Look at the Monterey Hills Real Estate Market:

Monterey Hills - 10 Year Real Estate Data - May 2001 to May 2011

More Local Area Real Estate Housing Reports:

Arcadia Home Sales Statistics and Reporting
Pasadena Condos and Townhomes Sales Statistics and Reporting
Pasadena Single Family Home Sales Statistics and Reporting
San Marino Home Sales Statistics and Reporting
South Pasadena Home Sales Statistics and Reporting

Scroll down below the home listings to see previous months real estate data. If you have any specific questions, feel free to leave a comment below or email me directly.

 


Interested in seeing what Monterey Hills condos and townhouses are available for sale? Click on the home search button below to search for full access to the Multiple Listing Service. 

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.


Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Interested in seeing what available for sale? Take a look at the home listings below. The information is updated real-time as new homes are entered into the Multiple listings service:

Previous Months Real Estate Data

October 2011

  • There are 16 condos and townhouses for sale ranging between $156,000 to $558,000,000.  7 of these properties were listed in the month of October with an average list price of $287,229.  Even though this this an increase in inventory from only 2 listed homes in September, the inventory is really low and there are slim pickings for condo buyers right now.
  • There are 6 pending/under contract sales and in the past 30 days there has been 4 closed sales with an average closed price $246,000 spending an average of 89 days on the market.  We are consistently seeing a 3 month marketing period.
  • Year To Date (YTD) there have been 53 closed sales with an average sold price of $249,418 spending an average of 157 days on the market.
    • Average price per square foot was $229
    • Average interior square footage – 1,085
  • Highest Priced Condo/Townhome for October 2011 – $297,000.
  • Lowest Priced Condo/Townhome sold for October 2011 – $210,000 sold.

September 2011

  • There are 13 homes for sale ranging between $149,900 to $409,000.  2 of these Monterey Hills condos and townhomes were listed in the month of September with an average list price of $294,000.
  • There are 12 pending/under contract sales and in the past 30 days there has been 5 closed sales with an average closed price $204,460 spending an average of 97 days on the market.
  • Year To Date (YTD) there have been 49 closed sales with an average sold price of $249,697 spending an average of 161 days on the market.
    • Average price per square foot was $228
    • Average interior square footage – 1,086
  • Highest Priced Condo/Townhome for September 2011 – $262,000 sold in Stanford Terrace.
  • Lowest Priced Condo/Townhome sold for September 2011 – $145,800 sold in Linden Heights.

August 2011

  • There are 12 homes for sale in Monterey Hills California ranging between $165,000 to $439,000.  1 of these condos was listed in the month of July with an average list price of $292,208.
  • There are 7 pending/under contract sales and in the past 30 days there has been 8 closed sales with an average closed price $248,469 spending an average of 84 days on the market.  The average size of these sold homes is 1,109 and they are usually 2 bedrooms and 2 baths.
  • YTD there have been 44 closed sales with an average sold price of $254,838 spending an average of 161 days on the market.
    • Average price per square foot was $229
    • Average interior square footage – 1,109
  • Highest Priced Condo/Townhome for August 2011 – $388,000 – sold with FHA financing
  • Lowest Priced Condo/Townhome sold for August 2011 – $186,750.

July 2011

  • There are 21 active properties for sale ranging between $165,000 to $439,000.  8 of these Monterey Hills condos and townhomes were listed in the month of July with an average list price of $292,350.
  • There are 16 pending/under contract sales and in the past 30 days there has been 6 closed sales with an average closed price $234,658 spending an average of 48 days on the market.
  • YTD there have been 36 closed sales with an average sold price of $256,253 spending an average of 154 days on the market
    • Average price per square foot was $230
    • Average interior square footage – 1,106
  • Highest Priced Home for July 2011 – $305,000 – listed for 47 days.
  • Lowest Priced Condo sold for July 2011 – $187,950 – 49 days on the market.  A unit in Eaton Crest.

June 2011

  • There are 21 active condos and townhomes for sale in Monterey Hills California ranging between $173,500 to $419,000.  4 of these condos and townhomes were listed in the month of June with an average list price of $264,700.
  • There are 15 pending/under contract sales and in the past 30 days there has been 10 closed sales with an average closed price $239,925 spending an average of 295* days on the market.
  • YTD there have been 30 closed sales with an average sold price of $260,572 spending an average of 154* days on the market
    • Average price per square foot was $232
    • Average interior square footage – 1,118
  • Highest Priced Home for June 2011 – $315,000 – over 2,000 days on the market.  (*data from the MLS does not seem to be correct... notified Pasadena Multiple Listing Service to check into the discrepancy)
  • Lowest Priced Home for June 2011 – $135,000 – 30 days on the market.  Quite a deal - 2 bedrooms and 1 bath in Temple Terrace.  All cash buyer.

May 2011

  • There are 20 active homes for sale in Monterey Hills California ranging between $173,500 to $437,000.  6 of these condos and townhomes were listed in the month of May with an average list price of $298,000.
  • There are 11 pending/under contract sales and in the past 30 days there has been 6 closed sales with an average closed price $260,000 spending an average of 71 days on the market.
  • YTD there have been 19 closed sales with an average sold price of $273,100 spending an average of 85 days on the market
    • Average price per square foot was $245
    • Average interior square footage – 1,133
  • Highest Priced Home for May 2011 – $349,000 – 111  days on the market.
  • Lowest Priced Home for May 2011 – $185,000 – 195 days on the market.

This post will be updated monthly, around the first week of the month, for the previous month and will give you key real estate market indicators for Monterey Hills California. Bookmark this page and visit it each month to see how Monterey Hills condos and townhomes are faring in today's real estate market.

If you are already a Monterey Hills homeowner and would like to get a monthly email sent to you with real estate activity around your Monterey Hills condo or townhome, please click here and order your real estate monthly market report. You will not be contacted by me or anyone on my team and the information will be generated automatically via email based on the criteria that you list.

READ ALSO: Monterey Hills Neighborhood Overview

If you are  considering selling your Monterey Hills condo or townhome and would like a private consultation, please contact me at 626-627-7107 or email me.

Monterey Hills Real Estate Market Report for the month of June 2008:

Condos  
New Listings 5
Total Listings 24
Sales Pending 4
Homes Sold 4
Listings Expired 2
Average Days on the Market 136
Average Price Per Sq. Ft. $297
Average Selling Price $304,520
   
   
Townhomes  
New Listings 0
Total Listings 4
Sales Pending 1
Homes Sold 1
Listings Expired 0
Average Days on the Market 154
Average Price Per Sq. Ft. $401
Average Selling Price $655,000

Monterey Hills Real Estate Market Report for the month of May 2008:

Condos May-08
New Listings 7
Total Listings 26
Sales Pending 6
Homes Sold 5
Listings Expired 3
Average Days on the Market 83
Average Selling Price $356,400
   
   
Townhomes May-08
New Listings 6
Total Listings 8
Sales Pending 0
Homes Sold 3
Listings Expired 0
Average Days on the Market 48
Average Selling Price $426,000

* Data compiled from ITEC MLS

Posted By: Irina Netchaev - Pasadena California Real Estate Agent. Irina is a real estate broker who has founded Pasadena Views Real Estate Team in Pasadena California specializing in Pasadena Real Estate, San Marino Real Estate, South Pasadena Real Estate, San Gabriel Real Estate, Altadena Real Estate, Alhambra Real Estate, Monterey Hills Real Estate, Arcadia Real Estate, Sierra Madre Real Estate and surrounding communities.

(626) 629-8439

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Monterey Hills Real Estate Listings – Homes Sept. 24, 2011

[...] Read:  Monterey Hills Real Estate Housing Report Statistics – Updated Monthly! [...]

Larry Brewer Nov. 4, 2011

Irena this tells me a lot about the trends that Monterey Hills Real Estate is having. It looks like Monterey Hills Real Estate is still a fantastic deal for buyers.

Irina Nov. 4, 2011

Hi Larry, so glad to have you stop by and visit our site. Yes... Monterey Hills is a hidden community with great deals for condominium and townhome buyers!

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