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His affinity for the Central Coast along with its rich history and architecture drew him to become a real estate broker in 2013. A Verified Approval is based on an underwriter's comprehensive analysis of your credit, income, employment status, assets and debt. Malkin said there are an increasing number of bills in the state Legislature that would get tougher with jurisdictions in meeting housing demand for all income levels.
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For example, the RHNA numbers assigned to Monterey County by the state over the most recent eight-year RHNA timeframe, designated as the 5th Housing Element Cycle, includes housing for very low-income residents. Local governments must demonstrate sufficient capacity to accommodate the RHNA allocation within the sites inventory in the housing element with zoning to follow as needed,” she wrote. Trona’s heyday was in the early 1900s, when it was a company town, established in 1914 and operated by the American Trona Corp. Early on, a central building housed many workers and all the town’s businesses, including a “pool hall, a barber shop, post office, library, grocery and department store,” according to the Searles Valley Historical Society.
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These affordable communities are far-flung and a long drive from the bustle of the city. But locals say the bargain prices and charms make the trade-offs worth it. Another reason to have the trust own the real estate is that if your niece were to get in an accident or other lawsuit and a judgement were obtained, the debtor could not attach her home.
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For the last 30 years, Ann Epperly has lived in Trona, one of only nine California cities, towns and unincorporated areas tracked by Zillow with median home values under $150,000 in February 2024. Nicholas’ vast network, keen eye for detail, analytical mind and business ingenuity compliment his top-down understanding of all aspects of buying, selling, renting or investing in residential and commercial real estate. For our buyer clients we provide detailed market analysis, access to both listed and "off market" properties, skilled negotiations, and guidance through the all-important due diligence process when buying a home. Once the county has a draft housing element that the state finds that it meets the statutory requirements, they must adopt that housing element and return it to the state Housing and Community Development department for final approval. The county is targeting the first week in May to have a draft housing element completed. In a statement provided to the Monterey Herald, Alicia Murillo with the state Department Housing and Community Development, said California requires that local governments plan to meet the housing needs of everyone in the community.
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The housing element of the general plan is critical at a time when the county and the entire state is facing a housing crisis. Housing costs – both rental and home ownership – are increasingly out of reach for the majority of residents in the county. The median listing price for homes in Monterey County now stands at $1.2 million, according to Realtor.com. Real estate listings held by brokerage firms other than are marked with the Broker Listing Exchange icon and detailed information about them includes the names of the listing brokers and listing agents.
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It’s an army town named after a World War II-era captain and home to a military storage facility. But if you look hard enough, there are still a handful of cities where the median price of a home is less than $150,000. A born and raised son of California, Nicholas holds a Bachelors of Arts in Social and Behavioral Science from California State University Monterey Bay.
We pledge to be in constant communication with you, keeping you fully informed throughout the entire buying or selling process. We believe that if you’re not left with an amazing experience, we haven’t done our job. We don’t measure success through achievements or awards, but through your overall satisfaction. If you are considering the sale of a home on the Monterey Peninsula, we would be happy to provide a market analysis of your home's value. We work closely with our clients to prepare their homes for sale; and, if a short sale is in order, we are experienced at coordinating negotiations with your lender to move that process forward. But the first step is for the county to provide the land and zoning that would allow for affordable housing to be built, Malkin said.
Like so many California real estate deals, you have to journey off the beaten path, make compromises and have some imagination. An esteemed law professor recently stated that there is currently a “storm of fiduciary litigation.” Most lawsuits are brought by beneficiaries against their trustees. Our society is, in general, more litigious and the rights of beneficiaries to bring lawsuits continue to expand. So, as a trustee and fiduciary for Annie, you need to be extremely careful in how you handle the trust.
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Mining production increased and the town boomed to 6,000 people at its height. But as the nearby town of Ridgecrest grew and the mining company shrunk, Trona withered. “It’s gone downhill, but it seems to be coming back a bit,” Epperly, 80, said of the once-bustling town, built on the mining and production of borax, a potent cleaner, flame retardant and component in glass products like car windshields.
Redfin is redefining real estate and the home buying process in Monterey with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers. View properties, photos, nearby real estate with school and housing market information. In March 2024 in Monterey, CA there were 16.9% more homes for sale than in February 2024. Listings spent 23 days on the market in March 2024, and had a median list price of $1,050,000 during the same period. While more than 3 listings in Monterey, CA in March 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 3 were sold below.
By clicking SUBMIT, I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means about real estate services,and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Policy. Please use and/or share my information with a Coldwell Banker agent to contact me about my real estate needs. Then, with picturesque views of the bay on Monterey’s Old Fisherman’s Wharf, Cafe Fina dishes up some of the region’s tastiest seafood, including pistachio pasta with prawns and steamed black mussels. By the way, No. 21 is Arizona’s Flagstaff with a 10.15 cost ratio – $646,425 vs. $63,612.
Nicholas is always looking for great homes for his clients as well as potential investments. His passion for the business and unrelenting work ethic are why he excels when it comes to listening to clients’ needs, and exceeding their objectives. Monterey Coast Realty represents buyers and sellers of quality properties from cozy cottages to magnificent mansions throughout the Monterey Peninsula all the way east to Salinas Valley, through Carmel Valley and south to Big Sur. Sister brand to Carmel Realty, with its 100-year-old reputation for excellence and integrity, we are also comprised of a handpicked team of Realtors known for their professionalism, ethics and business success. We work together to offer the highest quality of personalized service to our clients.
The update was provided to the Board of Supervisors by staff from the county Housing and Community Development Department, including the county Planning Department, as part of a General Plan update that includes a housing element. As residents across urban California have decamped for more space and affordability in the exurbs, small towns statewide have grown in popularity. These towns represent islands of affordability in a state where the median home price is $789,000. California is home to 210 cities, towns and communities monitored by Zillow where the median home values are more than $1 million. If a trustee buys a house for a beneficiary and allows the beneficiary to live in the home, the trustee should treat it like a business arrangement.
Craig Spencer, the director of the county Housing and Community Development Department, explained that pulling together a housing element is extremely complicated. The details the state wants to see are time consuming to generate, while at the same time the county needs to navigate new state laws that hit the books relating to housing. The state provides oversight of those opportunities with a system called Regional Housing Need Allocation. In the Searles Valley, the median household income was $54,000 in 2022, well below the statewide average of $92,000, according to census data.
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