Local Market Stats – July 2018 Figures
11 Aug 2018 by Mary Anglin

When we look at our sales figures for July and our current month’s supply of homes, we see that the numbers for each city have changed slightly up or down, but not significantly. We remain in a sellers’ market.

However, Arcadia is now in what’s considered an even market, with Walnut close to that status.  The reason for that is the higher price of homes. Homes is the upper dollar ranges don’t tend to sell as quickly and those markets are subsequently normally fairly even.

There is recent concern about ‘affordability’, with the concept that the continually rising price of homes coupled with rising interest rates makes purchasing a home unaffordable for many people. However, one factor to consider is that homes were more affordable from 2009-2015 simply because that’s when distressed properties dominated the market. Without that anomaly, housing is more affordable now than it has been since 1990.  Check out this short video to see what I mean.

Here are July’s figures.

CITY July Average Sales Price July Ave. Days on Market Total # of Sales – July Total # of Sales – YTD Year over Year Appreciation Active Listings Months of Supply
Arcadia  $         1,638,267 22 42 321 2.3% 277 6.6
Azusa  $            491,324 14 58 267 -7.60% 83 1.4
Baldwin Park  $            446,346 19 27 179 7.30% 83 3.1
Claremont  $            770,884 26 32 195 27.00% 92 2.9
Covina  $            554,677 28 35 361 14.40% 116 3.3
Diamond Bar  $            695,427 37 50 322 16.50% 203 4.1
Fontana  $            401,404 25 170 1122 4.10% 349 2.1
Glendora  $            687,524 30 59 314 6.80% 127 2.2
Hacienda Heights  $            655,679 31 37 239 12.60% 102 2.8
La Puente  $            467,524 27 58 340 10.00% 77 1.3
La Verne  $            681,434 34 36 168 9.60% 68 1.9
Montclair  $            410,109 24 14 135 7.70% 39 2.8
Montebello  $            543,380 35 26 163 14.60% 52 2.0
Ontario  $            410,064 22 92 719 11.30% 267 2.9
Pomona  $            418,794 24 94 548 8.80% 210 2.2
Rancho Cucamonga  $            563,616 24 155 1041 6.90% 411 2.7
Rowland Heights  $            594,834 28 29 136 -7.90% 94 3.2
San Dimas  $            630,041 26 30 206 5.20% 75 2.5
Upland  $            567,932 29 88 508 2.60% 193 2.2
Walnut  $            825,348 28 23 154 -10.70% 118 5.1
West Covina  $            588,405 23 59 409 7.50% 176 3.0

Let me know if you need more detailed info 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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