Main menu:

Recent Posts

Categories

RSS Unknown Feed

Posted by: Irina Netchaev

Monterey Hills Jazz Festival is back for the 16th year in a row. Via Marisol will be closed for most of the day tomorrow, Saturday, October 15th, for the festivities.

Monterey Hills Jazz Festival 2008

READ MORE:  Learn about Monterey Hills

The festival takes place at the Bud Weiner Park on the corner of Via Arbolada and Via Marisol. Between the hours of 10:30 am and 6:30 pm, you will be entertained by Jazz, Blues and Latin Jazz bands including the music of the BluesMen, City Beat, Ron McCurdy Collective and headlining is the Susie Hansen Latin Band.

From what I hear Gourmet Food Trucks will be there to ensure all have a happy tummy.  However, I can not find a list of trucks scheduled to attend.  If anyone has that info, please post in the comments below.

And there will be food and other refreshments available as we have invited back Holly’s Bar-B-Que – his food is always a favorite of the crowd. Also returning will be Khani Melton who is a wonderful Masseuse.

Monterey Hills Jazz Festival is FREE and is a great opportunity to meet your neighbors and to have a great time!  ENJOY!

Coming to Monterey Hills for the first time?

Monterey Hills Google Map

Monterey Hills Google Map

You’ll need to get to the Arroyo Seco Parkway I-110 (also known as the Pasadena Freeway). Exit at Via Marisol (which is 4 exits north of the Golden State Freeway I-5). Turn onto Via Marisol and travel approximately 1.5 miles to the top of Via Marisol. On-street parking will be limited as you approach the festival. Park in any legal parking area and enjoy the day!

Or you can take the Long Beach Freeway I-710 toward Pasadena. Exit at Valley. Turn left onto Valley. Drive to Eastern and turn right. Take Eastern to Huntington Drive. Turn left onto Huntington Drive. Take Huntington to Collis (next signal). Turn right onto Collis. Take Collis to Via Mia turn left onto Collis. At the top of the hill will be Via Marisol, turn right. The festival is 2 blocks ahead in the park.

Posted by: Irina Netchaev

Spreading the Holiday Cheer!

The holiday season is a time for us to spread joy and happiness to our loved ones and those who have touched our lives in a special way!

As part of our Holiday fun we invite you and your friends and family to play a little Real Estate Holiday Trivia.

Answer the questions below and have your responses in to us by January 6th 2010. You can email, fax, mail, or stop by the office and drop off your answers. We will be doing a Live Stream drawing and announcing our winners Wednesday January 6th at 3:00 p.m.

Real Estate Holiday Trivia Questions

1) What does Alvin the Chipmunk want for Christmas?

2) How long does the average escrow take?

3) What popular drink is only available during the holiday season? Need a hint? Unscramble – GOGNEG

4) What is the last item you receive when you purchase a home? (Hint: If you receive more than one, they jingle.)

5) What country did the Gingerbread House come from?

Be sure to have your name and contact info on your answer sheet so that we may notify our winners! You have a chance to win Starbucks Gift Cards, 1 lb. of See’s Candy, and /or Movie Tickets! Your answer sheet must be in to us for you to be entered in our drawing.

It has been a pleasure to serve you during your real estate endeavors. We look forward to hearing from you, and we wish you and your loved ones a very merry Holiday Season and a prosperous New Year!

IRINA NETCHAEV & ASSOCIATES

Monterey Hills Real Estate Agents

Pasadena, California

(626)629-VIEW(8439)

Additional Reading:

Grandstand Seating for the Tournament of Roses Parade

Monterey Hills Real Estate

Search MLS for FREE

Posted by: Irina Netchaev

Huntington Terrace

One of the complexes in Monterey Hills is Huntington Terrace.

Huntington Terrace is a condominium complex in Monterey Hills. It consists of 3 stand-alone, 3 story buildings 4000 Via Marisol – 4040 Via Marisol – 4080 Via Marisol.

Huntington Terrace condo units are one level and depending on where the condo is located, you can have someone living above and/or below you. Laundry hook ups are inside each unit as well as coin operated machines on each floor.

4000 Via Marisol

Huntington Terrace

Trees

Some of the Huntington Terrace condo units have gorgeous city views. The complex is surrounded by beautiful mature trees. All units have balconies or patios. The patios on the first floor can be quite large which can be great for pets or children.

Huntington Terrace was built by J.D. Carley & Associates in 1981 and has four floor plans. A one bedroom condo, two plans of two bedroom condos and a two bedroom plus a den condo.

pool entry

Parking is in a subterranean garage. Usually, 2 spaces have been assigned to each Huntington Terrace homeowner. Some parking spaces are side by side. Others are tandem. There is plenty of guest parking spaces in the complex and easy street parking.

Amenities in this complex include a pool, spa and a recreation room.

If you are thinking of buying or selling your Monterey Hills condo or townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439

Posted by: Irina Netchaev

We have seen the rise in Pasadena’s real estate market , Monterey Hills real estate is still depressed.  Condo listings that are there are sitting and not selling. Price per square foot for Monterey Hills Condo sales dropped to mid $200s – about a 17% drop since 2008. Inventory of condos and townhomes is still non-existent given that there are close to 4,000 housing units on the hill.

Monterey Hills real estate statistics for January through April 2009:

Condos Jan-09 Feb-09 Mar-09 Apr-09
New Listings 2 1 3 3
Total Listings 5 7 6 6
Sales Pending 1 3 3 5
Homes Sold 2 1 3 2
Listings Expired 3 0 0 2
Average Days on the Market 23 242 64 38
Average Price Per Sq. Ft. $277 $303 $265 $254
Median Selling Price $310,000 $325,725 $250,000 $269,000
Average Selling Price $310,000 $325,725 $276,300 $269,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.8 30.3 8.7 7
Townhomes Jan-09 Feb-09 Mar-09 Apr-09
New Listings 1 2 1 0
Total Listings 1 3 3 2
Sales Pending 0 1 1 0
Homes Sold 0 1 0 1
Listings Expired 0 1 0 0
Average Days on the Market n/a 89 n/a 57
Average Price Per Sq. Ft. n/a $268 n/a $270
Median Selling Price n/a $550,000 n/a $386,000
Average Selling Price n/a $550,000 n/a $386,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) n/a 13.0 n/a 9

Data above from ITEC (Pasadena Foothill Association of Realtors)

Interested in seeing available Monterey Hills condos and townhomes? Below is “real time” multiple listing service information for your perusal:

For detailed Monterey Hills property information, please visit Monterey Hills condos for sale.

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Read More:

Pasadena City Guide

Take advantage of the $8,000 tax credit

Considering new construction? Don’t miss $100 million tax credit

Property Title Insurance? Learn all about it!

If you are thinking of buying a Pasadena home, Pasadena condo or townhouse, please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439

Posted by: Irina Netchaev

Are you a home buyer looking for condos and Townhomes in Monterey Hills? Unfortunately, you’re out of luck! There is no inventory!!!

Monterey Hills condos have always been a great investment and are easy to rent due to its proximity to USC Medical Center and downtown LA. Smart home owners are holding on to their investments and waiting to sell since the property values lost about 10% in equity over the last six months. On average Monterey Hills condos were selling at about $300 per sq. ft. and have been fluctuating around $270 or so.

If you don’t have to sell, why should you when you can easily rent and wait for the real estate market to turn around! We are seeing multiple offers and lack of inventory all over Pasadena and South Pasadena and Monterey Hills is right behind these neighborhoods.

In March 2009, Monterey Hillshad only 6 condos for sale and 1 townhome. Pretty amazing considering that there are over 1780 housing units on the hill.

You can still get a 2 bedroom, 2 bath condo for only $239,000 and be next to South Pasadena and Pasadena. Just take a look at the condos in Monterey Hills under $300,000.

Curious to see last month’s Monterey Hills report?

Read More: Monterey Hills condo and townhome real estate statistics for February 2009

Here’s what the Monterey Hills Real Estate Statistics are looking like for January through March 2009:

Monterey Hills
Condos Jan-09 Feb-09 Mar-09
New Listings 2 1 3
Total Listings 5 7 6
Sales Pending 1 3 3
Homes Sold 2 1 3
Listings Expired 3 0 0
Average Days on the Market 23 242 64
Average Price Per Sq. Ft. $277 $303 $265
Median Selling Price $310,000 $325,725 $250,000
Average Selling Price $310,000 $325,725 $276,300
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.8 30.3 8.7
Townhomes Jan-09 Feb-09 Mar-09
New Listings 1 2 1
Total Listings 1 3 3
Sales Pending 0 1 1
Homes Sold 0 1 0
Listings Expired 0 1 0
Average Days on the Market n/a 89 n/a
Average Price Per Sq. Ft. n/a $268 n/a
Median Selling Price n/a $550,000 n/a
Average Selling Price n/a $550,000 n/a
Absorption Rate (# of weeks to sell current inventory at present rate of sales) n/a 13.0 n/a

Information gathered from ITEC (Pasadena Foothill Multiple LIsting Service)

Search for available Monterey Hills condos and townhomes:

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Monterey Hills Real Estate Agent 626-627-7107

If you are thinking of buying or selling your Monterey Hills townhome or condo please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439

Posted by: Irina Netchaev

The inventory for Monterey Hills condos and townhomes is becoming non-existent. Considering that there are close to 1,800 housing units on the hill, only 7 condos and 3 townhomes were available for sale in February. 2008 saw only 36 Monterey Hills condos and townhomes sold – about 3 a month. That number was significantly lower from just 3 years ago of 99 sales in 2005.

For property owners looking to rent their units Monterey Hills has always been a great investment. The proximity to USC and downtown LA makes these condos easy to rent. This could explain the decreased number of sales as owners are taking advantage of the easy rentals and holding on to their property until the market turns around.

Here are statistics for Monterey Hills Real Estate for December 2008 through February 2009:

Condos Dec-08 Jan-09 Feb-09
New Listings 4 2 1
Total Listings 7 5 7
Sales Pending 0 1 3
Homes Sold 2 2 1
Listings Expired 1 3 0
Average Days on the Market 24 23 242
Average Price Per Sq. Ft. $346 $277 $303
Median Selling Price $279,500 $310,000 $325,725
Average Selling Price $279,500 $310,000 $325,725
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 15.2 10.8 30.3
Townhomes Dec-08 Jan-09 Feb-09
New Listings 1 1 2
Total Listings 1 1 3
Sales Pending 0 0 1
Homes Sold 1 0 1
Listings Expired 0 0 1
Average Days on the Market 8 n/a 89
Average Price Per Sq. Ft. $276 n/a $268
Median Selling Price $390,000 n/a $550,000
Average Selling Price $390,000 n/a $550,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 4.3 n/a 13.0

Information gathered from ITEC (Pasadena Foothill Multiple Listing Service)

Search for available Monterey Hills condos and townhomes:

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Monterey Hills Real Estate Agent 626-627-7107

If you are thinking of buying or selling your Monterey Hills Townhome or Condo please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439

Posted by: Irina Netchaev

Two new condos came up on the market and two condos closed escrow. Only one townhome is available for sale on the hill. Monterey Hills condo and townhome inventory is almost non-existent in January.

Considering there are 21 condo complexes with close to 1,800 condo and townhome units, the supply of condos isn’t quite there. The demand is not quite there as well with price per square foot falling to $277.

It’ll be interesting to track the developments on the hill over the next few months. In the meantime, here’re Monterey Hills statistics for the last three months:

Monterey Hills
Condos Nov-08 Dec-08 Jan-09
New Listings 0 4 2
Total Listings 8 7 5
Sales Pending 1 0 1
Homes Sold 4 2 2
Listings Expired 0 1 3
Average Days on the Market 100 24 23
Average Price Per Sq. Ft. $298 $346 $277
Median Selling Price $324,000 $279,500 $310,000
Average Selling Price $322,000 $279,500 $310,000
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 8.7 15.2 10.8
Townhomes Nov-08 Dec-08 Jan-09
New Listings 1 1 1
Total Listings 1 1 1
Sales Pending 0 0 0
Homes Sold 0 1 0
Listings Expired 1 0 0
Average Days on the Market n/a 8 n/a
Average Price Per Sq. Ft. n/a $276 n/a
Median Selling Price n/a $390,000 n/a
Average Selling Price n/a $390,000 n/a
Absorption Rate (# of weeks to sell current inventory at present rate of sales) n/a 4.3 n/a

Search for available Monterey Hills condos and townhomes:

Data taken from ITEC (Pasadena Foothills Association MLS service)

If you are interested in beginning your search for a Monterey Hills condominium or townhouse, please click on the search home link.

For weekly updates on Monterey Hills real estate market activity, please feel free to request market analysis reports with detailed information by clicking here. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

Posted by Irina Netchaev, Monterey Hills Real Estate Agent 626-627-7107

If you are thinking of buying or selling your Monterey Hills home please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439

Posted by:

As most of my loyal readers know, I love Monterey Hills. I used to live in Monterey Hills. My parents still live in Monterey Hills. And, what most of you do not know is that I started my real estate career, sort of, in Monterey Hills. I used to show the Monterey Hills condo models when Huntington Terrace and Hudson Terrace was first built back in the early 80s. I was, yes, a hostess. :-)

budd weiner park in Monterey Hills

So when you are ready to buy your first condo in Monterey Hills what should you look for?

  1. Amenities: each Monterey Hills condo complex has different amenities and its own history. Almost all have pools and spa, but some Monterey Hills condo complexes have a recreation room, steam room, sauna, gym and paddle tennis courts.
  2. Floor plan: In my experience, Monterey Hills has mostly 2 bedroom condos. Of course, there are 1 bedrooms and 2 plus den (which by the way some sellers try to convert and claim as 3 bedrooms – make sure to check the tax records) Mostly 2 bedroom floor plans come in two types: bedrooms on either side of the living room or together, on one side. Whats important to you? Do you have a small baby that youd want in a bedroom next to you? Or would you like more privacy and have the 2nd bedroom a bit away from you?
  3. Floor Location of the condo: what is your preference? Do you like to be on the 1st, 2nd or 3rd floor? Pricing wise, 3rd floor condos are a bit more expensive since you do not have anyone living above you. 2nd floor condos are least expensive since you have someone living above and below you. 1st floor condos can be as expensive as 3rd floor is they have large patios. Some of the Monterey Hills complexes have 1st floor condos with huge patios.
  4. Location of the condo within the complex: corner units are a bit more in demand. They usually have only one side neighbor, extra windows and better views.
  5. Architecture: some of the older Monterey Hills complexes have more traditional floor plans – clean lines and angles, four wall rooms, etc. The newer ones have more angles in the rooms – a bit more challenging to decorate, but very lovely nonetheless.
  6. Rules and Regulations: What are the quiet hours? Are pets allowed? Can you barbecue on your patio? Whats important to you? Review the Rules and Regulations carefully before buying your Monterey Hills condo.
  7. History of the complex: some of the Monterey Hills condo complexes have been modified and rebuilt over the years. Some have better reputations and are just more in demand.
  8. HOA Dues: HOA stands for Home Owners Association Dues. Each complex has their own dues. Most are based on the amenities and services provided like Post Security. For the most part, HOA dues are based on square footage of your unit.
  9. Management of the complex: as you walk around each Monterey Hills complex, you will have a pretty good feel about how this condo complex is managed. Does it look like it has some deferred maintenance? Is the landscaping taken care of? Is pool patio furniture clean and in good shape? Is the gym equipment up to date and the gym looks clean over all?
  10. Financial Health of the complex: Always ask to see the financial statements of the complex. Do they have a lot of money in reserves? Is the Association anticipating any special assessments? What are the HOA dues being spent on? Is there a trend of specific repairs that might affect your HOA dues in the future.

READ ALSO: Monterey Hills Neighborhood Overview

Make sure to hire a real estate agent that is familiar with the history of Monterey Hills and can guide you through the process of buying in the Monterey Hills.

If I can be of any assistance with your Monterey Hills Real Estate needs, please do not hesitate to email me at Irina@Irina4RealEstate.com or call me at  (626)627-7107  . Thank you!

Posted by: Irina Netchaev

LINDEN HEIGHTS

Linden Heights

Located on the corner of Via Marisol and Via Arbolada. Linden Heights is one of the newer condo complexes on the hill built in 1987.  It has a beautiful pool and spa, recreation room, sauna and a gym. A gorgeous courtyard with mature trees and beautiful landscaping envelopes this beautiful complex.

READ MORE: Monterey Hills Neighborhood Overview

There are 50 units in this complex featuring a more modern look and floorplan. All units have central air conditioning and heating, balconies or patios.

The garage is subterranean with most units having two parking spaces.

READ MORE: Monterey Hills Market Report

Linden Heights

For a current list of all condos and townhomes for sale in Eaton Crest, please click on the Contact Irina form below.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439

Posted by: Irina Netchaev

Vallejo Villas

Surrounded by majestic trees and gorgeous hill and city views, Vallejo Villas was built in 1981 and in situated on Via Marisol in the heart of Monterey Hills.

READ ALSO: Monterey Hills Neighborhood Overview

All units are built townhouse style – meaning that they are stand alone units with a common side wall. Most of these townhomes are two stories high. Each unit sports an attached two car garage, a balcony and some have back yard style patios.

Vallejo Villas Plan

Vallejo Villas has 58 townhouses with amenities including guest parking, pool and spa, a sun deck. It is truly very beautifully landscaped and it looks like the HOA (Home Owners Association) takes very good care of the complex. A true pride of ownership.

Check the most current list of all Monterey Hills homes for sale right here or let me know if youd like for me to run a specific search unique to your individual needs.

Vallejo Townhomes

This complex is just minutes away from downtown Los Angeles, USC, Old Town Pasadena and South Pasadena.

Read More: Top 10 Tips for buying a condo in Monterey Hills

If you are thinking of buying or selling your Monterey Hills Condo or Townhome, please give us a call for a comprehensive and free consultation. We can be reached at 626-204-3340.

IRINA NETCHAEV & ASSOCIATES

Pasadena Real Estate Agents

Pasadena, California

(626)629-8439