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The San Gabriel Valley is just one of the many areas we serve in the Inland Empire. However, there has been a lot happening there lately, so we wanted to give you a market update to keep you up-to-date on all the latest trends.
Right now, we are seeing a cooling down of the buyer’s market we’ve seen in most places we cover. The exceptions are Rancho Cucamonga, West Covina, and Brea. Interest rates are still good across the board, but let’s dive a little deeper into the market in The San Gabriel Valley, specifically in the area called “The Heights.”
In West Covina, Diamond Bar, and The Heights, we have seen inventory levels stay even with what we saw last year, except for in Hacienda Heights, which has doubled in inventory from last year. We have noticed a lot of demand from buyers in Hacienda Heights, and the sellers in the area have seemed to respond by putting their homes on the market in droves.
Homes in the San Gabriel Valley are spending an average of 40 to 80 days on the market, with the quickest turnaround times being in Walnut and West Covina. One reason for this is because of the schools in the area. Walnut and Diamond Bar are home to the Walnut Unified School District, one of the best school systems in the state. West Covina is home to Western Christian, one of the better private schools in the area.
Homes that are listed and marketed by our team tend to list and sell for top dollar in much quicker than 40 days, as we create much higher demand for our homes than the average agent does.
If you have any questions for us or if you’re looking to buy or sell, give us a call or send us an email. We look forward to hearing from you!
