market data report · 2020. 8. 19. · zip: montrose, ca 91020, montrose, ca 91021 property type:...
TRANSCRIPT
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Pasadena Foothills Association ofREALTORS®
MARKET DATA REPORT
Montrose
Report CharacteristicsReport Name:Montrose
Report Date Range:7/2019 – 7/2020
Filters Used:MLS, Property Type, Location
Avg/Med: BothRun Date: 08/10/2020Scheduled: No
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Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/2020
http://www.pfar.org/
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Summary of Key Listing and Sales MetricsA summary of the key metrics selected to be included in the report. MLS sources where licensed.
Key Metrics Jul 2020 Jul 2019 + / - YTD 2020 YTD 2019 + / -
Listing Activity Charts Metrics
New Listing Count 5 13 -61.5% 27 50 -46%
New Listing Volume $4,514,776 $10,433,900 -56.7% $21,584,376 $42,483,743 -49.2%
Active Listing Count 5 13 -61.5% N/A N/A
Active Listing Volume $4,445,776 $11,458,900 -61.2% N/A N/A
Average Listing Price $889,155 $881,454 +0.9% $848,273 $852,931 -0.5%
Median Listing Price $749,000 $799,000 -6.3% $777,454 $782,389 -0.6%
Months of Inventory 1.3 1.9 -32.7% 1.4 3 -53.4%
Absorption Rate 80% 53.85% +26.2% 70.73% 32.94% +37.8%
Sales Activity Charts Metrics
Pending Sales Count 6 8 -25% N/A N/A
Pending Sales Volume $5,705,000 $6,401,990 -10.9% N/A N/A
Closed Sales Count 3 3 +– 25 29 -13.8%
Closed Sales Volume $2,855,000 $2,233,900 +27.8% $20,065,200 $22,747,900 -11.8%
Average Sales Price $951,667 $744,633 +27.8% $802,608 $784,410 +2.3%
Median Sales Price $890,000 $679,900 +30.9% $784,560 $785,128 -0.1%
Distressed Charts Metrics
Distressed Listing Count – – – N/A N/A
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20202 of 12
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Current Year
Prior Year
Percent Change from Prior Year
Current Year
Prior Year
Percent Change from Prior Year
New ListingsThe number of new residential listings that were added each month.
13 3 9 3 6 3 2 4 4 1 6 5 5
7 9 13 2 2 1 5 8 2 10 6 6 13
86% -67% -31% 50% 200% 200% -60% -50% 100% -90% 0% -17% -62%
New Listing VolumeThe sum of the listing price of residential listings that were added each month.
$10.4M $2.3M $6.23M $2.31M $4.94M $3.54M $1.65M $2.7M $2.99M $649K $5M $4.09M $4.51M
$5.37M $5.94M $10.3M $854K $1.64M $1.15M $4.41M $7.14M $1.34M $8.31M $5.16M $5.7M $10.4M
94% -61% -40% 170% 201% 208% -63% -62% 123% -92% -3% -28% -57%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Count % Chg.
Jul '20 5 -61.5%
Jul '19 13 85.7%
Jul '18 7 28.6%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Volume % Chg.
Jul '20 $4.51M -56.7%
Jul '19 $10.4M 94.2%
Jul '18 $5.37M 12%
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20203 of 12
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Current Year
Prior Year
Percent Change from Prior Year
Current Year
Prior Year
Percent Change from Prior Year
Active ListingsThe number of active residential listings at the end of each month.
13 10 11 8 11 8 4 7 6 5 7 7 5
16 15 22 13 12 10 11 12 9 15 15 10 13
-19% -33% -50% -38% -8% -20% -64% -42% -33% -67% -53% -30% -62%
Active Listing VolumeThe sum of the listing price of active residential listings at the end of each month.
$11.5M $8.75M $8.62M $6.44M $8.9M $7.71M $4.3M $6.04M $4.42M $3.78M $5.68M $6.12M $4.45M
$11.4M $10.5M $16.1M $10.1M $9.74M $8.46M $9.43M $10.4M $7.1M $12M $13.2M $8.91M $11.5M
0% -17% -46% -36% -9% -9% -54% -42% -38% -68% -57% -31% -61%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Count % Chg.
Jul '20 5 -61.5%
Jul '19 13 -18.8%
Jul '18 16 -37.5%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Volume % Chg.
Jul '20 $4.45M -61.2%
Jul '19 $11.5M 0.3%
Jul '18 $11.4M -34.1%
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20204 of 12
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Current Year
Prior Year
Percent Change from Prior Year
Current Year
Prior Year
Percent Change from Prior Year
Average Listing PriceThe average listing price of active residential listings at the end of each month.
$881K $875K $784K $805K $809K $963K $1.07M $863K $737K $756K $811K $874K $889K
$714K $699K $732K $774K $812K $846K $857K $870K $789K $798K $880K $891K $881K
23% 25% 7% 4% 0% 14% 25% -1% -7% -5% -8% -2% 1%
Median Listing PriceThe median listing price of active residential listings at the end of each month.
$799K $804K $799K $799K $780K $889K $925K $749K $693K $699K $749K $899K $749K
$732K $729K $769K $779K $799K $799K $779K $804K $700K $745K $849K $769K $799K
9% 10% 4% 3% -2% 11% 19% -7% -1% -6% -12% 17% -6%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Price % Chg.
Jul '20 $889K 0.9%
Jul '19 $881K 23.4%
Jul '18 $714K 5.4%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Price % Chg.
Jul '20 $749K -6.3%
Jul '19 $799K 9.2%
Jul '18 $732K 0.3%
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20205 of 12
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Current Year
Prior Year
Percent Change from Prior Year
Current Year
Prior Year
Change from Prior Year
Months of InventoryThe number of months it would take to exhaust active listings at the current sales rate.
1.86 3.33 1.22 2 1.57 2.67 1.33 1.17 2 1.67 1.75 3.5 1.25
2.29 1.25 3.67 4.33 2.4 5 5.5 12 4.5 3.75 3.75 1.25 1.86
-19% 167% -67% -54% -35% -47% -76% -90% -56% -56% -53% 180% -33%
Absorption RateThe percentage of inventory sold per month.
54% 30% 82% 50% 64% 38% 75% 86% 50% 60% 57% 29% 80%
44% 80% 27% 23% 42% 20% 18% 8% 22% 27% 27% 80% 54%
-10% 50% -55% -27% -22% -18% -57% -77% -28% -33% -30% 51% -26%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Months % Chg.
Jul '20 1.25 -32.7%
Jul '19 1.86 -18.8%
Jul '18 2.29 45.8%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Rate Chg.
Jul '20 80% -26.2%
Jul '19 54% -10.1%
Jul '18 44% -31.4%
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20206 of 12
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Active
Pending
Sold
Current Year
Prior Year
Percent Change from Prior Year
Active/Pending/Sold UnitsThe number of residential properties that were Active, Pending and Sold each month.
13 10 11 8 11 8 4 7 6 5 7 7 5
8 4 5 5 2 3 1 2 3 1 3 4 6
3 9 4 7 3 3 6 3 3 4 2 4 3
Pending SalesThe number of residential properties with accepted offers that were available at the end each month.
8 4 5 5 2 3 1 - 3 1 3 4 6
2 1 2 2 1 2 5 9 10 10 8 6 8
300% 300% 150% 150% 100% 50% -80% -100% -70% -90% -63% -33% -25%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20207 of 12
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Current Year
Prior Year
Percent Change from Prior Year
Current Year
Prior Year
Percent Change from Prior Year
Pending Sales VolumeThe sum of the sales price of residential properties with accepted offers that were available at the end of each month.
$6.4M $2.69M $4.07M $4.5M $1.73M $2.45M $950K - $3.08M $1.7M $3.43M $4.15M $5.71M
$1.18M $499K $1.29M $1.58M $734K $1.78M $4.06M $7.12M $8.86M $8.1M $6.05M $4.69M $6.4M
444% 438% 214% 184% 135% 38% -77% -100% -65% -79% -43% -12% -11%
Closed SalesThe total number of residential properties sold each month.
3 9 4 7 3 3 6 3 3 4 2 4 3
12 6 3 5 2 2 1 2 4 4 8 7 3
-75% 50% 33% 40% 50% 50% 500% 50% -25% 0% -75% -43% 0%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Count % Chg.
Jul '20 3 0%
Jul '19 3 -75%
Jul '18 12 -66.7%
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20208 of 12
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Current Year
Prior Year
Percent Change from Prior Year
Condo/Townhouse
Single Family Residence
Closed Sales VolumeThe sum of the sales price of residential properties sold each month.
$2.23M $8.01M $3.11M $4.75M $2.79M $2.36M $4.8M $2.77M $2.36M $2.82M $1.34M $3.13M $2.86M
$8.66M $4.6M $2.05M $3.17M $1.6M $1.35M $1.2M $1.46M $2.8M $3.91M $6.01M $5.13M $2.23M
-74% 74% 52% 50% 74% 75% 300% 90% -16% -28% -78% -39% 28%
Closed Sales by Property TypeThe percentage of residential properties sold each month by property type.
33% 44% 75% 71% 67% 67% 83% 33% 100% 50% - 75% -
67% 56% 25% 29% 33% 33% 17% 67% - 50% 100% 25% 100%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Volume % Chg.
Jul '20 $2.86M 27.8%
Jul '19 $2.23M -74.2%
Jul '18 $8.66M -64.9%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/20209 of 12
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Current Year
Prior Year
Percent Change from Prior Year
Current Year
Prior Year
Percent Change from Prior Year
Average Sales PriceThe average sales price of the residential properties sold each month.
$745K $890K $777K $679K $928K $788K $801K $922K $785K $706K $668K $783K $952K
$722K $766K $683K $634K $802K $674K $1.2M $729K $701K $978K $751K $733K $745K
3% 16% 14% 7% 16% 17% -33% 26% 12% -28% -11% 7% 28%
Median Sales PriceThe median sales price of the residential properties sold each month.
$680K $741K $695K $730K $815K $775K $797K $940K $810K $685K $668K $710K $890K
$695K $689K $740K $590K $802K $674K $1.2M $729K $700K $1.07M $725K $745K $680K
-2% 8% -6% 24% 2% 15% -34% 29% 16% -36% -8% -5% 31%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Price % Chg.
Jul '20 $952K 27.8%
Jul '19 $745K 3.2%
Jul '18 $722K 5.4%
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Month/Year Price % Chg.
Jul '20 $890K 30.9%
Jul '19 $680K -2.2%
Jul '18 $695K 0%
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/202010 of 12
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Current Year
Current Year
Distressed ListingsThe number of distressed residential properties that were for sale at the end of each month.
- - - - - - 1 - - - - - -
Distressed SalesThe count of distressed residential properties sold each month.
- - - - - - - - 1 - - - -
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Filters Used
ZIP: Montrose, CA 91020, Montrose,CA 91021Property Type:Condo/Townhouse/Apt, SingleFamily Residence
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/202011 of 12
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Include Cover Sheet Averages
Include Key Metric Summary * Include Appendix Medians
Include Metrics By
MLS: California Regional MLS(Matrix)
CRISNet MLS i-Tech MLS
Palm Springs RegionalAssociation
Pasadena Foothills MLS The MLS™/CLAW
Ventura County RegionalData Share
Property Types: Condo/Townhouse/Apt Single Family Residence
Sales Types: All
Price Range: None
State: All
County: All
ZIP Code: Montrose, CA 91020 Montrose, CA 91021
Report DetailsReport Name: MontroseRun Date: 08/10/2020Scheduled: NoReport Date Range: From: 7/2019 To: 7/2020
Information Included
* The Key Metrics Table's YTD median calculations are calculated using a weighted average of the median values for eachmonth that is included.
MLS Filter
Listing Filters
Location Filters
New Listings
Active Listings
Avg/Med Listing Price
Avg/Med Listing Price per Sq Ft
Avg/Med Listing Price vs Est Value
Median Days in RPR
Months of Inventory
Absorption Rate
Active/Pending/Sold
New Pending Sales
Pending Sales
Closed Sales
Avg/Med Sales Price
Avg/Med Sales Price per Sq Ft
Avg/Med Sales Price vs Listing Price
Avg/Med Sales Price vs Est Value
Distressed Listings
Distressed Sales
Listing Activity by ZIP
Listing Activity by Metro Area
Sales Activity by ZIP
Sales Activity by Metro Area
Listing Activity Charts
Sales Activity Charts
Distressed Charts
Data Tables Using 7/2020 data
AppendixThe metrics that are calculated by RPR® may show the same general trends as those published by other sources (i.e. MLS, Associations or vendors), but becauseof our processes and parcel-centric approach, some variation may occur. Data sources include MLS’s, where licensed, and public records for more in-depthmetrics on distressed properties.
Montrose
Copyright 2020 Realtors Property Resource® LLC. All Rights Reserved. Information is not guaranteed. Equal Housing Opportunity.
8/10/202012 of 12