Local Market Update – September 2017 Figures
The housing market remains tight as home prices continue to rise. With the exception of Arcadia, year-over-year appreciation continues to climb. A six month supply of homes is considered a ‘normal’ market; most of our area sits with approximately a two and one-half month supply. This means that there are still many buyers searching for homes who weren’t able to find one during the busy summer season. The buyers out there now are serious buyers. These next few months are a good time for both buyers and sellers: buyers will have less competition and can get into a home before the prices climb even higher; sellers will experience fewer buyers coming through their doors, but those who come will be serious buyers, ready to purchase now. Below are the city by city statistics for the month of September:
| CITY | September Average Sales Price | Sept. Ave. Days on Market | Total # of Sales in September | Total # of Sales – YTD | Year over Year Appreciation |
| Arcadia | $ 1,290,100.00 | 44 | 51 | 475 | -3.00% |
| Azusa | $ 460,629.00 | 39 | 56 | 370 | 10.30% |
| Baldwin Park | $ 404,339.00 | 31 | 34 | 244 | 7.50% |
| Claremont | $ 729,637.00 | 27 | 35 | 307 | 2.20% |
| Covina | $ 559,910.00 | 32 | 59 | 521 | 7.20% |
| Diamond Bar | $ 665,039.00 | 34 | 61 | 500 | 4.30% |
| Glendora | $ 661,422.00 | 36 | 48 | 380 | 5.10% |
| Hacienda Heights | $ 626,210.00 | 40 | 45 | 323 | 5.20% |
| La Puente | $ 442,289.00 | 31 | 56 | 438 | 7.80% |
| La Verne | $ 698,624.00 | 33 | 35 | 243 | -2.40% |
| Montclair | $ 408,962.00 | 31 | 18 | 181 | 4.80% |
| Ontario | $ 391,444.00 | 31 | 119 | 1021 | 6.70% |
| Pomona | $ 415,219.00 | 34 | 100 | 709 | 9.90% |
| Rancho Cucamonga | $ 524,077.00 | 33 | 169 | 1393 | 6.90% |
| Rowland Heights | $ 743,733.00 | 32 | 30 | 236 | 2.60% |
| San Dimas | $ 628,894.00 | 34 | 34 | 272 | 5.40% |
| Upland | $ 560,185.00 | 37 | 85 | 619 | 3.90% |
| Walnut | $ 934,319.00 | 41 | 31 | 257 | 8.80% |
| West Covina | $ 533,714.00 | 25 | 73 | 673 | 5.90% |
For homeowners who’ve been contemplating selling, now is a fantastic time. Prices are at the highest level since 2007. Contact me for a personalized professional home valuation, as well as a free consultation. For those looking to buy, I’ll work hard to get you into your new home now. Give me a call or shoot me a text or an email. 626.290.1250 or maryanglin.realtor@gmail.com.
