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Foreclosure Auction Homes in Monterey, CA

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Living in Monterey, CA

Monterey, CA is a vibrant coastal city that offers a unique blend of lifestyle, culture, and outdoor activities. With a rich array of amenities, quality education, and beautiful natural surroundings, it is an ideal location for families and individuals looking for a balanced life. The city's picturesque views, coupled with a strong sense of community, make it a desirable place to live.

Current Market Conditions in Monterey, CA

The real estate market in Monterey remains competitive, with a mix of single-family homes, condos, and luxury properties available. The demand for housing has increased over recent years, driven by both local buyers and out-of-state interest. Sellers often receive multiple offers, particularly in desirable neighborhoods.

As of now, average home prices have seen a steady increase, making the current market prime for investors looking to capitalize on long-term appreciation. However, potential buyers should be prepared for higher price points compared to other regions, reflective of Monterey's desirability.

Home Value Estimator For Monterey, CA

There are currently 9,000 real estate properties in Monterey, CA, with a median automated valuation model (AVM) price of $1,018,750.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monterey, CA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Monterey, CA, is $1,132,507.00, with the most expensive house in Monterey, CA, topping out at $8,170,902.00 and the cheapest home in Monterey, CA, clocking in at $121,626.00. In other words, there’s something for every potential homebuyer or savvy investor in Monterey, CA!

Rent Prices In Monterey, CA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monterey, CA, is on a rollercoaster ride. The average rent price in Monterey, CA, is $2,666.00. Indeed, when looking to rent in Monterey, CA, you can expect to pay as little as $1,300.00 or as much as $5,480.00, with the average rent median estimated to be $2,540.00. The good news is that finding an affordable and desirable property to rent in Monterey, CA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Monterey, CA Foreclosure Auction Homes


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