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Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term.
In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As
buyers
begin to examine monterey due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in monterey provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases.
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You should give us a call how much is your house worth? pricing and faq.
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