What is the future of the Monterey Peninsula Real Estate Market?

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Real Estate Agent - Keller Williams - CalBRE 01362347
The market as a whole right now is relatively flat. We historically rely on sales of entry level homes to be bought from move up buyers from Salinas, but since that market is hurt by the sub prime debacle, we no longer have that pressure. We also have a flux of condo conversions that are impacting lower end values. Higher end homes and markets are holding strong. It will be interesting to see what happens when the 1000+ homes are built on the former Fort Ord.

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2011 

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Hey Everyone! Please check out my listing and bring all of your buyers to this fabulous property situated right on the golf course in Monterey! Listed for just $2,995,000, this astonishing 5 bed/4+ bath home features a pool, jacuzzi, outdoor living/entertaining area, gourmet kitchen, wine cellar,...
08/30/2011

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Washington, August 26, 2011 As homeowners across the East Coast brace for Hurricane Irene and the heavy rains that are expected to fall over the next few days, the current threat underscores the importance of flood insurance, which is the only way for homeowners to financially protect their prope...
08/29/2011
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Ben Beesley

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Service Areas

  • Carmel, CA
  • Carmel Valley, CA
  • Seaside, CA
  • Carmel by the Sea, CA
  • Monterey, CA
  • Pebble Beach, CA
  • Marina, CA
  • Pacific Grove, CA

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What is the impact of the Salinas market, condo conversions and future developments on the Monterey Peninsula Real Estate Market?