Monterey Hills CA - September 2011 Sales Recap & Market Report

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Real Estate Agent with Coldwell Banker Residential Brokerage CalBRE #01165532
http://actvra.in/lrQ

Monterey Hills CA - September 2011 Sales Recap & Market Report

The Monterey Hills community is located within the city limits of Los Angeles and offers a variety of condominiums, townhomes and one single family development in a planned environment.  Most communities within Monterey Hills offer a pool, spa and a recreation/meeting room with some complexes boasting saunas, tennis/sports courts and other amenities.  

The desirable close-in location offers a relatively easy commute to Downtown Los Angeles, the Valleys and Los Angeles' Westside.  Despite this highly convenient location, Monterey Hills remains somewhat of a hidden treasure unknown to many.  You will often find joggers, walkers and pet lovers along Via Marisol and Via Arbolada -- be mindful that if you use Via Mia -- you may not need to use your stairmaster.   Budd Weiner Park in the center of Monterey Hills is also the location for the Monterey Hills Jazz Festival and Community Yard Sale.  


Michael Jacobs Realtor - Bradley Court - Monterey Hills Real Estate - 818.516.4393

The first communities in Monterey Hills were constructed in 1979 with Bradley Court the 16 unit single family community constructed in 2000.  Monterey Hills communities range in size from 16 units to 198 units. Condominiums are generally one bedroom to two bedroom/den floor plans and range in square footage from approximately 650 square feet to over 1500 square feet with subterranean parking. Townhomes with private garages have either two or three bedrooms and some have bonus rooms, dens and additional storage.

Monterey Hills - September 2011 Sales Recap & Market Report

There were nine sales for September 2011 in Monterey Hills according to multiple listing reports as of October 17, 2011.   This compares to four sales in September 2010.   In 2011, the sales ranged in price from $145,800(a bank owned one bedroom unit in Linden Heights) to $335,000(a short sale in Marshall Villas).   The median sales price for September 2011 sales was $219,500 with an average sales price of $227,744.  In September 2010, the average sales price was $264,175(median was $265,000).   The number of distressed sales(short sales and bank owned properties) continues to have an impact on sales in Monterey Hills and buyers should be mindful that the timing for short sales is longer in most cases and that there is no guarantee that a lender will accept the terms even if the offer price is higher than the list price.

 

Michael Jacobs Realtor - Monterey Hills Real Estate - Wilson Summit - 818.516.4393

Monterey Hills - September 2011 Sales Recap & Market Report

Do you have more questions about the real estate market in Monterey Hills?   Contact Michael Jacobs at 818.516.4393 cell or michaeljacobs@coldwellbanker.com for Monterey Hills information or surrounding northeast foothill communities within the city of Los Angeles or other San Gabriel Valley cities.  

Michael Jacobs Realtor - Monterey Hills Real Estate - Marshall Villas - 818.516.4393

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Rainmaker
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Belinda Spillman
Aspen Lane Real Estate LLC - Aurora, CO
Your Real Estate Resource For Life!

Michael,  Monterey Hills looks like a wonderful neighborhood.  I love the stucco and tile roofs.

October 17, 2011 04:19 PM #1
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena Real Estate Representation 818.516.4393

Hi Belinda -- yes Monterey Hills is a true hidden treasure -- I hadn't realized the photos I had chosen all had tile roofs --- there is a little more diversity in the area.   Thanks as always for stopping by and leaving your comments.

October 17, 2011 11:48 PM #2
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Suzanne McLaughlin
Sabinske & Associates, Inc. (Albertville, St. Michael) - Saint Michael, MN
Sabinske & Associates, Realtor

Michael, here's my treat for you...12 extra points. 

Happy Halloween from one of your biggest fans.

October 31, 2011 07:55 AM #3
Rainmaker
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Michael Jacobs
Coldwell Banker Residential Brokerage - Pasadena, CA
Pasadena Real Estate Representation 818.516.4393

Thanks, Suzanne -- Happy Halloween to you as well.

October 31, 2011 08:30 AM #4
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Michael Jacobs

Pasadena Real Estate Representation 818.516.4393
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