Why Live in New Monterey
New Monterey, a coastal neighborhood perched above Monterey Bay, blends historical charm with modern attractions. Cannery Row, once bustling with sardine canning factories, now features boutique shopping, upscale dining, and landmarks honoring John Steinbeck. Art enthusiasts can explore galleries like Blake Fine Arts and Cheryl Watts Pottery and Gallery, while food lovers frequent renowned eateries such as The Sardine Factory and Chart House. For casual dining, Wave Street Café offers a scenic outdoor patio. Residents enjoy convenient grocery shopping at Trader Joe’s and Safeway. Outdoor activities are abundant, with San Carlos Beach and McAbee Beach providing spots for picnicking, kayaking, and scuba diving. The Monterey Bay Aquarium and Harbor Seal Observation Area offer unique wildlife experiences, while Oak Newton Park provides a playground, dog park, and picnic areas. Homes in New Monterey range from updated ranch-style houses and California bungalows to larger two-story homes with ocean views. The neighborhood is quieter inland, with tree-lined streets and private driveways. Children attend the highly rated Monte Vista Elementary School and Monterey High School, which offers specialized academies in oceanographic science and the arts. New Monterey is safer than the national average and is conveniently located 5 miles from Monterey Regional Airport, with Route 101 providing access to San Jose 70 miles away.
Home Trends in New Monterey, CA
On average, homes in New Monterey, Monterey sell after 48 days on the market compared to the national average of 51 days. The median sale price for homes in New Monterey, Monterey over the last 12 months is $1,092,654, down 9% from the median home sale price over the previous 12 months.
Median Sale Price
$1,092,654
Median Single Family Sale Price
$1,203,000
Median 2 Bedroom Sale Price
$1,137,250
Average Price Per Sq Ft
$968
Number of Homes for Sale
17
Last 12 months Home Sales
30
Median List Price
$1,275,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-9%