I report on the same statistics every time, and I’ll tell you if that number is more or less than the last report- it’s kind of like a stock market ticker. Note the change of value mentioned in the parentheses below for the difference between this market update and last market update. This way, you will have a weekly update for a sense of how your home’s “value” is trending.
Here are the statistics:
Active– the single family homes available at the time I pull the report
In Escrow– all single family homes under contract at the time I pull the report
Sold– all single family homes that closed escrow within 6 months from the time I pull the report
Median Price– the median price all single family homes that sold within 6 months from the time I pull the report.
Days on Market– the average days it takes to put a home under contract
So, here it is, Montrose and Verdugo Woodlands, your updated market watch:Active: 18 (+1), In Escrow: 29 (+2), Sold: 66 (-5), Median Price: $650k (-$10k), DOM 71 (-5)
Check back again next week for another update.
I hope you are enjoying this feature and that it will provide you with some valuable information about your home!
Featured home of the week is 1310 Hillside in the Verdugo Woodlands.
Here is a sample of homes available for sale in Montrose and Verdugo Woodlands!