Monterey County Market Trends
July 19 2019
Market trends for Monterey County markets over the past several years.
Market trends for Monterey County markets over the past several years.
Circa-1933 home was used in “Play Misty for Me” as Jessica Walter’s residence
Since the recovery began in 2012, spring has typically been the most active season of the year, and the period during which appreciation gains have been the largest. The spring 2019 market is just getting started amid a diverse set of economic indicators. Financial markets have, so far, recovered in 2019, interest rates have dropped, and big local IPOs loom. We will know much more soon.
The Monterey Peninsula market is a unique with its own factors that impact pricing, supply and demand. Reviewing current global luxury markets we can learn why they are seeing changes in their prices and apply those insights to see if we'll see a change.