The best way to find housing trends and what is selling or not selling in the area is to use the "Your Neighborhood" feature on my website www.realprolific.com/ClientSellersCorner
What this will do is show you what is for sale, whats selling and what is not. If you want to stay up to date the system will provide you with monthly or quarterly updates to your local market. You can also check out surrounding areas like Alhambra or Montebello.
Feel free to contact me if you have any other questions.... more
Although high demand and limited supply can help to drive the prices up in an area, it's also possible that many buyers feel that a lot of the properties in Monterey are overpriced. Unless there are enough sales transacting per month there, then it will be hard to conclude anything about the property values there.... more