Local Market Stats – August 2018 Figures
05 Sep 2018 by Mary Anglin

Let’s take a look at what has been happening in our local market, as well as what’s expected over the next year. Experts are predicting a slowing of price appreciation, though with a natural moderation, not a sharp decline.  This is good news for buyers, coupled with a relatively healthy economy and job market, as well as stabilized mortgage rates.

Comparing August’s figures to July’s, we see that the supply of homes has decreased in nearly every one of our local cities. This is not unusual, as typically in the housing market we see lower inventory supply during October through March.  The demand typically lowers as well.

What does this mean for those considering buying and selling in the coming months? Sellers, the buyers who will be coming to view your home are more serious buyers than the flood of window shoppers we normally see in the summer months. Yes, it’s still a fine time to sell your home. Buyers, you’ll encounter less competition and will have more possibility to get into a new home now. For both buyers and sellers, the process will be less hectic and less stressful.

Below are the local market statistics, city by city.

CITY August Average Sales Price Aug. Ave. Days on Market Total # of Sales – August Total # of Sales – YTD Year over Year Appreciation Active Listings Months of Supply
Arcadia  $         1,163,636 45 62 384 10.4% 313 5.0
Azusa  $            459,926 34 46 313 0.80% 100 2.2
Baldwin Park  $            472,670 28 23 202 10.50% 85 3.7
Claremont  $            774,933 43 36 231 8.20% 74 2.1
Covina  $            538,885 31 57 420 8.40% 120 2.1
Diamond Bar  $            621,554 41 52 375 4.90% 201 3.9
Fontana  $            416,405 29 192 1313 8.40% 372 1.9
Glendora  $            649,567 37 49 363 3.80% 125 2.6
Hacienda Heights  $            638,533 35 45 284 10.60% 95 2.1
La Puente  $            473,085 27 60 399 8.80% 100 1.7
La Verne  $            605,436 33 32 200 6.80% 58 1.8
Montclair  $            438,815 28 19 154 7.40% 39 2.1
Montebello  $            506,430 37 19 182 10.50% 63 3.3
Ontario  $            423,438 29 151 869 8.60% 218 1.4
Pomona  $            442,342 31 76 625 10.70% 190 2.5
Rancho Cucamonga  $            569,635 33 161 1202 8.40% 352 2.2
Rowland Heights  $            745,016 38 19 155 5.30% 94 4.9
San Dimas  $            662,160 26 25 231 7.60% 87 3.5
Upland  $            581,971 37 74 582 7.90% 218 2.9
Walnut  $            909,056 35 32 186 1.50% 116 3.6
West Covina  $            595,019 30 77 486 5.60% 189 2.5

Let me know if you need more detailed information on your city or your home. I’m always happy to help. And remember, when hiring an agent it’s always important to look for someone who understands the market and can answer your questions.

Feel free to share this report as well as my contact info.

Mary Anglin

With expertise in Southern California residential real estate, I have a passion for assisting those in more seasoned stages of life whether retiring, downsizing, or transitioning through another milestone. Utilizing efficient processes, professional collaboration, and comprehensive experience in my field, I am dedicated to being your trusted advocate and resource while navigating your real estate needs with innovation and expertise.

I'm a Realtor serving the Los Angeles Metro area, with a focus in the San Gabriel Valley. Certified as a Seniors Real Estate Specialist®, a Certified Probate and Trust Specialist®, a Certified Real Estate Negotiator®, a Commitment to Excellence Realtor®, and a Pricing Strategy Adviser®, I also hold designation as a Real Estate Digital Marketer® and a Listing Expert Agent® and have advanced training in Transaction Coordination.

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