Your Real Estate Market Update

Montrose, CA

Single-Family Homes

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



Montrose, CA

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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Montrose, CA

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

The market has been strong for several consecutive weeks. Reflecting these inventory conditions, with the MAI in the Seller’s zone, it is not surprising that prices have recently resumed their climb.

Real-Time Market Profile

Never miss important changes in the Montrose market.
Median List Price $949,888
Per Square Foot $567
Days on Market 38
Price Decreased 43%
Price Increased 0%
Relisted 29%
Inventory 7
Median House Rent $3,500
Most Expensive $1,290,000
Least Expensive $665,000
Market Action Index
Strong Seller's Market
45

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,290,000 2,906 4,500 - 6,500 sqft 5 3 17 0 1 42
$1,115,000 2,257 0.25 - 0.5 acre 3 1 41 1 0 35
$874,444 1,909 4,500 - 6,500 sqft 4 2 62 0 0 7
$682,450 962 4,500 - 6,500 sqft 2 1 82 1 0 70