Because the Monterey Peninsula is one of the most beautiful places in the world, real estate here is always in demand, and buyers pay a premium for ocean views. However even on a modest budget it's easy to find the perfect home on the Peninsula. According to the 2010 Annual Report from the Monterey County Association of Realtors, the average price of a Single Family Home ranged from $232,437 in Salinas to over $2,000,000 in Big Sur and Pebble Beach.

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