When I tell most people that West Covina IS a seller's market; they tend to nod and then try to correct that it is a buyer's market. I smile and assure these people that although it is still a great time to buy, it is certainly no buyers market...

A buyer's market is indicative of a high inventory (over 7 months) which would mean that the buyers would have a large quantity to choose from, and they could afford to be more picky. A neutral housing market is when the supply is between 5-7 months inventory available, which would make for standard transactions where neither party really has a negotiating edge. Where a sellers market is when there is a shortage of inventory (below 5 months supply) which means that if one buyer is too demanding or expecting credits or repairs the seller probably has back-up offers that are not as picky.

West Covina is currently a seller's market having only just over 2 months Single Family Residence inventory on hand with 44.4% being distressed property.  The West Covina Condo and Town Home inventory comes in at just under 3 months supply of inventory with 73.5% distressed.

When purchasing in West Covina you can expect that there are going to be multiple offers, and potential bidding wars. Try to keep your offers as attractive as possible, and remember... Don't just hire anyone for your West Covina Real Estate needs, Hire a Pro!