Your Real Estate Market Update

Montrose, CA

Single-Family Homes

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



Montrose, CA

Sun Aug 18 2019
This week the median list price for Montrose, CA is $1,094,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 4. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Montrose, CA

Sun Aug 18 2019
This week the median list price for Montrose, CA is $1,094,000 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 4. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Montrose market.
Median List Price $1,094,000
Per Square Foot $491
Days on Market 96
Price Decreased 75%
Price Increased 0%
Relisted 75%
Inventory 4
Median House Rent $3,450
Most Expensive $1,290,000
Least Expensive $798,000
Market Action Index
Strong Seller's Market
52

The market seems to have paused around this plateau. 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 0 70
$1,290,000 2,416 4,500 - 6,500 sqft 4 2 82 0 1 203
$898,000 1,996 4,500 - 6,500 sqft 3 1 91 0 1 14
$798,000 1,479 6,500 - 8,000 sqft 3 0 64 0 1 98