Local Market Report – August 2019
My blog post this month provides a National Snapshot of the real estate market. That article gives a deeper explanation of the insights I normally share in my local market update report. So for this month, I’m going to refer you to that article, and simply share here the statistics chart for our local areas.
Briefly, every city in our report remains in a fairly strong seller’s market, with the exception of Arcadia, Rowland Heights, and Walnut. What IS notable in this report is the level of year-over-year appreciation. While two years ago we were looking at 8% growth in many cities, we are now experiencing a much slower growth, many cities at approximately half that. Yes, properties are still appreciating, but not at such a wild rate as in the recent past.
Reach out to me if you have any questions regarding this information or real estate in general. And for a little more info on what’s available in 3 of our cities, click on this video link.
| A “balanced market” is a 6 month supply of homes. A “sellers’ market” is anything less than that, while a “buyers’ market” is any that has more than 6 month supply. | ||||||||
| CITY | August Average Sales Price | Year over Year Appreciation | August Ave. Days on Market | Total # of Sales – August | Total # of Sales – YTD | Active Listings | Months of Supply | Previous Yr Supply Change |
| Arcadia | $1,190,924 | -5.8% | 46 | 58 | 344 | 300 | 7.2 | 21.20% |
| Azusa | $536,024 | 4.9% | 41 | 41 | 287 | 88 | 2.4 | 13.60% |
| Baldwin Park | $443,670 | 4.3% | 41 | 36 | 214 | 68 | 2.8 | 29.60% |
| Claremont | $788,508 | -0.1% | 51 | 39 | 225 | 112 | 4.5 | 50.00% |
| Covina | $547,654 | 1.5% | 33 | 50 | 377 | 112 | 2.7 | -15.60% |
| Diamond Bar | $649,704 | 0.4% | 41 | 51 | 373 | 241 | 5.4 | 27.50% |
| Fontana | $434,673 | 4.2% | 35 | 220 | 1,304 | 397 | 2.6 | 7.70% |
| Glendora | $732,569 | 1.4% | 43 | 60 | 336 | 142 | 3.5 | 6.50% |
| Hacienda Heights | $684,702 | 0.0% | 23 | 42 | 292 | 102 | 3.0 | 17.90% |
| La Puente | $507,078 | 4.6% | 37 | 46 | 307 | 80 | 2.0 | 2.30% |
| La Verne | $615,143 | 1.4% | 50 | 30 | 194 | 80 | 3.6 | 3.00% |
| Montclair | $434,743 | 4.1% | 17 | 16 | 145 | 32 | 1.9 | 2.00% |
| Montebello | $552,585 | 4.0% | 40 | 23 | 165 | 51 | 2.6 | 2.60% |
| Ontario | $443,808 | 7.1% | 34 | 153 | 945 | 280 | 2.4 | 22.70% |
| Pomona | $446,234 | 4.3% | 36 | 69 | 544 | 199 | 3.0 | 7.40% |
| Rancho Cucamonga | $566,949 | 0.9% | 30 | 156 | 1,121 | 451 | 3.4 | 26.90% |
| Rowland Heights | $793,261 | 1.2% | 34 | 26 | 159 | 102 | 5.7 | 13.20% |
| San Dimas | $573,748 | -0.4% | 30 | 33 | 215 | 74 | 3.6 | 12.50% |
| Upland | $607,494 | 1.9% | 40 | 82 | 532 | 235 | 3.7 | 14.80% |
| Walnut | $839,100 | -8.2% | 46 | 29 | 182 | 132 | 6.4 | 61.50% |
| West Covina | $590,466 | 3.8% | 31 | 76 | 450 | 171 | 2.9 | -17.10% |
For those of you who may have friends or relatives outside our area who need a Realtor, I’m happy to do some behind the scenes screening and recommend a good agent or two to them. No cost to you or your friends, of course. Learn more here.
As always, find me at 626-290-1250 or MaryAnglin.Realtor@gmail.com
