Salinas Monterey homes sales volume trended downward for July 2010 with 7 homes closing escrow, a drop from the 18 sales in June! Good news is that year to date sales is 8.5% ahead of last year, and the median sales price of $635,000 is almost 50% better than July 2009 $425,250. The number of new listings in July was 33 up 10% from last month, and up 32% from July 2009. Increased new inventory most likely tied into the poor job market and sellers being forced to sell based on personal economics.
The top sale for the month of July was a estate located on Sundance Lane that sold for $3,250,000 this grand villa was located in the Pasadera, Laguna Seca, Bay Ridge, Hidden Hills community. This amazing retreat was 7000 Sqft situated on a huge lot with swimming pool, garden, state of the art everything, and outstanding views. DOM was 492 and the original list price was $4,500,000, note a realistic listing price would most likely have prevented such a long listing period. Remember it’s not always the listing agent that tells you what you want to hear, who is going to be the agent to successfully sell your home. The marketing agent who tells you the truth, backs up information with facts, and presents an exceptional marketing plan will most likely be the agent to bring you the best price in the shortest period of time. Nicole Truszkowski follows the market daily, reports monthly real estate trends, and is a certified luxury marketing expert…thinking about listing your luxury home, let a market expert show you what she can do different from the ho hum agent! Call Nicole Truszkowski at 831-238-7449
For a detailed monthly analysis of Salinas Monterey Highway home sales read the detailed report below.