Your Real Estate Market Update

Montrose, CA

Single-Family Homes

Arminé Ghevian ♦ 818-389-4465 ♦ DRE: 00945233



Montrose, CA

Tue Jun 18 2019
This week the median list price for Montrose, CA is $899,000 with the market action index hovering around 40. This is less than last month's market action index of 49. Inventory has held steady at or around 9. Click here to stay informed with the Montrose market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Montrose, CA

Tue Jun 18 2019
This week the median list price for Montrose, CA is $899,000 with the market action index hovering around 40. This is less than last month's market action index of 49. Inventory has held steady at or around 9. Click here to stay informed with the Montrose market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Montrose market.
Median List Price $899,000
Per Square Foot $493
Days on Market 63
Price Decreased 44%
Price Increased 0%
Relisted 22%
Inventory 9
Median House Rent $3,200
Most Expensive $1,390,000
Least Expensive $679,900
Market Action Index
Slight Seller's Advantage
40

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,344,444 2,640 4,500 - 6,500 sqft 4 3 79 0 0 80
$1,099,999 2,362 8,000 - 10,000 sqft 3 2 57 0 0 84
$884,000 1,812 4,500 - 6,500 sqft 3 1 60 0 0 52
$699,900 1,042 4,500 - 6,500 sqft 3 1 91 0 0 44