Photo from Redfin.com
It was not too long ago when the condominium complexes of Monterey Hills had and ample supply of units priced in the $200,000 range. But condos in that price range are becoming harder to find as asking prices above $300,000 become more common. In fact, last year, a total of eight condos sold for above $300,000, according to Redfin. Sales of $300,000 + condos got off to a strong start this year, with three sales reported so far. What do you get in this price range?
A new listing that popped up on Valentine’s Day in the Eaton Crest complex looks a bit bland. But the 32-year-old unit, a flip that sold for $264,500 in mid December, includes two bedrooms, two baths, den, balcony and skylight in 1,255-square-feet of space, according to Redfin. How much? The asking price is $359,000.
Don’t buy it if you don’t like the price.