Monterey County housing plan falls short on affordable housing

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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.

Monterey County home prices fell 2.9% in October, with houses listed at a median of $1,262,250 - The Californian

Monterey County home prices fell 2.9% in October, with houses listed at a median of $1,262,250.

Posted: Mon, 06 Nov 2023 08:00:00 GMT [source]

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Waller said the buildings that were removed from CDEC Hill, the area above the Dunes shopping center at the top of 2nd Avenue, more than a year ago, may have erased part of his memories. But the recollection of the sports arena where he once played basketball still stands out, mostly because that is where he and his current wife first met. Waller, along with his wife and sister, are co-owners of the new venture joining a family of nearly 50 sites in 16 states.

Housing to crypto to wellness: How California fares in 20 national rankings

Coldwell Banker Realty can help you find Monterey homes for sale and open houses. Refine your Monterey real estate search results by price, property type, bedrooms, baths and other features. View our Monterey real estate offices and let us help you find the perfect property.

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.

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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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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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Monterey County median price for single-family home at record $1.093M - Monterey Herald

Monterey County median price for single-family home at record $1.093M.

Posted: Tue, 14 Nov 2023 08:00:00 GMT [source]

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.

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.

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It is a large, inviting bar and restaurant venue with indoor, patio and outdoor seating, along with a lawn games area. The pandemic had hit and a local newspaper published an article about a couple that had just started a business that was struggling and was rallying the community to come out and support them. Waller went to Patton Elementary School as a youngster, which would years later become Marina High School. He remembers the Patton Park area where his family lived and CDEC Hill where his father worked, and the red brick building that once served as the first commissary at the Army post that still stands near his new business.

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.

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.