Your Real Estate Market Update

Montrose, CA

Single-Family Homes

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



Montrose, CA

Tue May 21 2019
This week the median list price for Montrose, CA is $959,999 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 5. 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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Montrose, CA

Tue May 21 2019
This week the median list price for Montrose, CA is $959,999 with the market action index hovering around 49. This is an increase over last month's market action index of 48. Inventory has held steady at or around 5. 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

Strong Seller's Market

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Montrose market.
Median List Price $959,999
Per Square Foot $498
Days on Market 56
Price Decreased 40%
Price Increased 0%
Relisted 20%
Inventory 5
Median House Rent $3,200
Most Expensive $1,298,888
Least Expensive $869,000
Market Action Index
Strong Seller's Market
49

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
$1,298,888 2,375 4,500 - 6,500 sqft 4 2 82 0 0 119
$1,250,000 2,800 8,000 - 10,000 sqft 4 2 14 0 0 14
$959,999 1,924 0.25 - 0.5 acre 3 1 101 0 0 98
$884,000 1,812 4,500 - 6,500 sqft 4 1 60 0 2 24