There were 35 Monterey Real Estate sales for the month of May which is up from 21 in April. The most expensive home to sell was a Mediterranean estate located in the gated community of Pasadera. Featuring 5 bedrooms, 4 full and 2 half bathrooms, 7,855 SqFt of living space, originally listed for 3.795 million and selling 188 days later for 3.475 million.
10 listings hit the market in May. A unique investment or owner/user opportunity; 650 Camino El Estero, a G.T Marsh building which was originally designed as a wealthy merchants residential compound and renovated in 2007, currently used as commercial space on the bottom level and residential on the top. This unique property is listed for 4.88 million.
There are currently 92 homes active on the market and 32 homes pending sale.