Your Real Estate Market Update

Montrose, CA

Single-Family Homes

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



Montrose, CA

Fri Dec 06 2019
This week the median list price for Montrose, CA is $943,500 with the market action index hovering around 33. This is less than last month's market action index of 43. Inventory has held steady at or around 4. Click here to stay informed with the Montrose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Montrose, CA

Fri Dec 06 2019
This week the median list price for Montrose, CA is $943,500 with the market action index hovering around 33. This is less than last month's market action index of 43. Inventory has held steady at or around 4. Click here to stay informed with the Montrose market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling off consistently for several weeks, as more homes are available and demand is less. We have begun to seen prices move lower as a result. If the MAI falls into the Buyer’s zone, it is likely that prices continue their downward trend until we see some turnaround in Market Action.

Real-Time Market Profile

Never miss important changes in the Montrose market.
Median List Price $943,500
Per Square Foot $570
Days on Market 21
Price Decreased 25%
Price Increased 0%
Relisted 0%
Inventory 4
Median Rent $3,800
Most Expensive $1,100,000
Least Expensive $780,000
Market Action 33
Slight Seller's Advantage

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle. 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
$1,100,000 1,792 8,000 - 10,000 sqft 3 0 66 0 0 14
$989,000 2,099 6,500 - 8,000 sqft 4 2 74 0 0 14
$898,000 1,080 6,500 - 8,000 sqft 4 1 70 0 0 56
$780,000 1,479 6,500 - 8,000 sqft 3 0 64 1 0 0