The Montgomery Estates saw mostly positive notes in almost all the categories we follow. Both the average and median home prices increased. The average increased from $506,694 to $609, 204. That is a 20.2% increase. The median increased by almost the same amount at 19%. The number of closed sales increased by 12.5%. The days on the market (the time between listing and close of escrow) decreased by 31.1% while the average dollar per square foot went up. It is important to note that the larger the home, the lower the dollar per square foot.
The month supply of available homes decreased from 5.4 to 2.3 for the Montgomery Estates neighborhood. Under 4 months indicates a seller market. The list to sale ratio stayed exactly the same.
|Meyers Market Comparison||2017||2016|
|Number of Sales||8||13|
|Median Home Price||$595,000||$500,000|
|Average List to Sale Ratio||98.2%||97.5%|
|Median Dollar Per Square Foot||$274||$241|
|Days on the Market||84||122|