Local Market Update – July 2017 Figures
The area has seen a rise in home prices four months in a row. Tight inventory seems to be the cause; there just aren’t enough homes on the market to fill the demand. Both Riverside and Orange counties have leveled off a little, but communities in Los Angeles and San Bernardino counties have continued to see a steady increase.
| CITY | July Average Sales Price | July Ave. Days on Market | Total # of Sales – July | Total # of Sales – YTD | Year over Year Appreciation |
| Arcadia | $ 1,589,149.00 | 53 | 49 | 357 | 5.90% |
| Azusa | $ 538,123.00 | 37 | 41 | 273 | 11.40% |
| Baldwin Park | $ 415,793.00 | 36 | 30 | 179 | -7.20% |
| Claremont | $ 606,879.00 | 25 | 29 | 228 | 3.20% |
| Covina | $ 486,655.00 | 23 | 64 | 407 | 3.00% |
| Diamond Bar | $ 602,868.00 | 37 | 54 | 373 | -1.80% |
| Glendora | $ 644,046.00 | 33 | 41 | 288 | 5.40% |
| Hacienda Heights | $ 609,166.00 | 46 | 29 | 233 | -2.20% |
| La Puente | $ 444,000.00 | 30 | 41 | 338 | 3.10% |
| La Verne | $ 615,000.00 | 29 | 22 | 177 | 0.30% |
| Montclair | $ 387,500.00 | 18 | 24 | 145 | 8.50% |
| Ontario | $ 375,000.00 | 27 | 101 | 781 | 2.70% |
| Pomona | $ 386,042.00 | 28 | 79 | 529 | 2.60% |
| Rancho Cucamonga | $ 528,252.00 | 31 | 157 | 1049 | 3.50% |
| Rowland Heights | $ 646,288.00 | 32 | 28 | 151 | -2.10% |
| San Dimas | $ 598,889.00 | 27 | 28 | 205 | -2.80% |
| Upland | $ 557,027.00 | 38 | 70 | 447 | 8.70% |
| Walnut | $ 923,836.00 | 21 | 18 | 194 | 18.10% |
| West Covina | $ 545,377.00 | 36 | 71 | 525 | 12.50% |
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. 626.290.1250 or maryanglin.realtor@gmail.com.
