Monterey Overview
63% of sales up to $1M 23% median price increase from 2016 98.3% of asking price received of Monterey listings sold in 2020
Monterey is predominantly a primary home market. However an increasing number of buyers for second and retirement homes contributed to a growing median sales price over the past several years. 166 single family homes sold in 2020 with the median price up 12% to $949,000 from $849,500 in 2019. Similarly the average sales price up 14% to $1,101,488 from $888,520 a year earlier. Total sales volume increased 21.5% to $167,741,062. There was another $54,427,925 in condo and town home sales with a median price of $534,500. There were four sales between $2M-$3M with three near Del Monte Beach with ocean views. The traditional neighborhoods of Peter’s Gate, Old Del Monte and Alta Mesa continue to be in demand as the homes are more stately and larger in square footage and lot size.
Cannery Row 111
New Monterey 110
Oldtown 113
Del Monte Beach 124
Downtown 118
Oak Grove 119
Mar Vista 114
Casanova 123
Alta Mesa 117
Monte Vista / Peter’s Gate 116
Deer / Fisherman Flats 121
Skyline 115
Aguajito 120
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