Monterey Real EstateWhether you want to find Monterey real estate for your primary residence, a vacation home or investment property, you may be interested in this overview of the local housing market. The Monterey Peninsula contains some of the most scenic areas of the California Central Coast. Since it has hilly terrain and sits on a peninsula surrounded on three sides by water, there's lots of opportunities for ocean views. As of September 2009, the median sales price according to Zillow.com is right around $664,000, and the median estimated home value according to cyberhomes.com is about $519,000.. The cost of living on the Monterey Peninsula is quite high due to its desirability and location. Entry level homes tend to be in the New Monterey or Sunbelt areas. Head for the hills around downtown, or the Skyline Forest or Jacks Peak neighborhoods for the more expensive homes. Monterey itself is populated with many homes of Spanish adobe style or Monterey Colonial style. Most of these homes were built in the early 1900s, but even new homes have this Spanish and Mediterranean style. Victorians are prevalent as well near the downtown area. This page was last updated 9/09/2009. Read more about the Monterey real estate market.
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