Summer slowdown: Will July end with no home sales in Montrose?

There are no July home sales to date in the Montrose area of north Glendale, and I found only two June sales in my search on Redfin. There were 23 sales altogether, most occurring in May, with an average sale price of $342 per sqare foot.

Here are the two June sales:

3531 Rosemary Avenue
$745,000 (sold 6/10/08)
$450 per sq.ft.
Last sold in 1998.

1721 Broadview
$540,000 (sold 6/2/08)
$387 per sq.ft.
Last sold for $551,538 in April 2008; this is likely a foreclosure sale.

South of the 210 freeway, there are 25 active listings in Montrose, but only two (listed below) are close to the price of a starter home. The third and final listing here has been on the market for almost six months.

Averages
Listing price: $669,000
Price per sq.ft.: $433
Days on market: 88

2743 Sycamore
$459,000 (originally $479,000)
2 bed/1 bath
850 sq.ft.
$540 per sq.ft.
On Redfin 12 days
No recent sale records.

3018 Manhattan Avenue
$509,900 (originally $529,000)
2 bed/1 bath
1,750 sq.ft.
$291 per sq.ft.
On Redfin 40 days
The listing states this is a “Fannie Mae owned property,” and “approved for express path financing.”

2752 Sycamore
$710,000
3 bed/1.75 bath
1,547 sq.ft.
$459 per sq.ft.
On Redfin 187 days
This last sold in 2005 for $500,000. It was extensively remodeled in 2006.