10 Jan 2007 Hotsheet update

New listings - 8
- Great price in Seaside! A 3/2, 1484 sq ft property for $618K; it looks like we're seeing Seaside follow the path of Marina in prices converging closure to $600K and below

Reduced Listings - 5
- Average reduction amount was ~$196K
- Want a lot in Pasadera? One just came down nearly $150K to $845K
- A Monterey Multiplex with ocean views was reduced nearly $300K to $2.195M
- In Seaside some commercial property was reduced $350K to $2M

Back on Market - 3

Pending Escrow Listings - 3
- A new construction "smart home" in Marina just went into escrow; I toured one of the 10 homes the other day; they are very nice, but they are more like large townhouses then homes as there is no yard and they are all attached to each other; the prices on the smaller units are competitive for brand new construction at $644K, you just miss the yard and neighborhood ammenities of other Marina homes priced at or below the $644K price; the "smart home" feature is nice; this is a single point system like a thermostat control, where you can control numerous other functions of the home like lights, TV, stereo, security, and of course heating

Expired - 3, Canceled - 2, Withdrawn - 3

Visit my website at http://www.MontereyBayLiving.com/ for more real estate info. Feel free to contact me if you have any questions about the above info, or if you have any questions about buying or selling real estate here on the laceName w:st="on">CentrallaceName> laceType w:st="on">CoastlaceType> or anywhere in the world...have a great day! – C

 

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