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Monterey Hills Real Estate Market Report - November 2008

Monterey Hills real estate activity for November 2008

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

http://www.pasadenacarealestatehomes.com/0092B1