According the the Monterey County Association of Realtors, 17 homes were sold in the first two months of 2012 with many of them selling far quicker than the previous year, with the average days on market running at about 112 days in February. The average sale price for the properties that sold in January was just over $2.7 million and just under 2.1 million in February. That's up from the $1.852 million average for all of 2011 during which time a total of 82 homes sold. Many local agents agree that the luxury market is experiencing a resurgence, and that prices for higher end homes in our market seem to be stabilizing and continuing to hold steady, which is a good sign for sellers and buyers alike.
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