Luxury Homes and Real Estate - Sotheby’s International Realty

There are several metrics by which to measure the strength of a region's housing market - sales price, inventory, average time a house spends on the market - but few are as straightforward as builder optimism. When home builders feel confident enough to undertake ambitious construction projects, it is usually a strong sign that a given me Read More

Increased optimism among homebuyers and low interest rates have combined to slash the inventory of for-sale homes in Monterey. According to the  Monterey Herald , the rapidly rising demand for homes has reduced the region's inventory to nearly half the total it was at two years ago . While this may be contributing to an increasingly compe Read More

2012 ended on a good note for the housing market in the Monterey area, as home prices rose, sales volume increased and development projects were announced. According to the Monterey Herald , Monterey real estate saw marked improvements as the year came to a close, largely due to rising consumer sentiment and steady increases to property values. Th Read More

The enduring demand for high-quality homes in the Monterey area has helped the region's housing market stabilize, according to The Californian. In fact, many investors view the market as so strong that they are scooping up properties, further raising the value of local land. These factors led to a 12 percent jump in single-family home values b Read More

Located on the central coast of California, Monterey typically attracts residents for a variety of reasons. While some citizens are likely to enjoy the city's temperate year-round climate, others may appreciate the area's booming economy, which has recently displayed signs of growth. According to the state's Economic Development Depart Read More