The Aronson Team

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Monterey County

Change Area  Change Time Period  Change Property Type
Trends At A Glance Aug 2014 Previous Month Year-over Year
Median Home Price +7.5%$483,750 $450,000 +20.9%$400,000
Average Sales Price -3.6%$697,514 $723,476 +19.3%$584,889
No. of Homes Sold -7.1%208 224 -16.1%248
Pending Properties -3.7%181 188 -52.1%378
Foreclosures Sold -14.3%6 7 -45.5%11
Short Sales Sold 0.0%3 3 -93.5%46
Active Listings +5.5%714 677 -17.2%862
Active Foreclosures +45.5%16 11 -42.9%28
Active Short Sales -33.3%4 6 -96.3%107
Sales Price vs. List Price -1.0%97.5% 98.4% -3.2%100.7%
Average Days on Market +27.1%65 51 +40.3%47

Market MomentumEnlarge Graph

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Market Report Commentary

Market Continues to Slow

The real estate market in Monterey County is anemic. Since January 2003, sales of single-family, re-sale homes has averaged 248 sales per month. There has only been one month in the past year where sales where higher...

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Mortgage Rate Outlook

Balancing Act For Mortgage Rates August 29, 2014 -- Summer came to an unofficial end on Monday, closing a spring and summer "housing season" which has been mixed at best. You can't blame the present modest levels of...

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Foreclosure Statistics

Notices of default, the first step in the foreclosure process, in Monterey County were up 26.8% in July from June. Year-over-year, notices were down 29.7%. There were 52 new notices in July. Notices of sale, which set the...

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Monterey County Stats At A Glance

Year-Over-Year Median home prices increased by 20.9% year-over-year to $483,750 from $400,000. The average home sales price rose by 19.3% year-over-year to $697,514 from $584,889. Home sales fell by 16.1%...

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Prices & SalesEnlarge Graph

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Sales BreakdownEnlarge Graph

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Days of InventoryEnlarge Graph

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Sales To DateEnlarge Graph

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Sale Price RatioEnlarge Graph

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