Market Report for the San Gabriel Valley Area

The San Gabriel Valley is a region with a rich heritage and numerous developments that have been undertaken with the people of Pasadena and their welfare in consideration. The valley has experienced exponential growth in recent years, mainly as a consequence of the rise in demographics. San Gabriel Valley real estate market analysis for 2021 indicates that the real estate industry in the San Gabriel Valley Area is on the increase in the forthcoming years.

During the previous 36 months, the residential real estate market in San Gabriel has been in a favorable cycle, and the increasing trend is projected to continue further. Homes are selling at a faster rate than they have in the past, with median prices exceeding $1 million. In the city of San Gabriel, properties are selling after only 30 days on the market, which is 18 percent faster than the previous year.

The median list price of properties in San Gabriel, California, in October 2021 was $1,100,000, up from $788,000 in the same month in 2020. It rose by 39 percent as compared to the previous year.

It is projected that the value of San Gabriel real estate would increase by 16 percent during the course of 5 years. A growing number of economists believe that rising family incomes and dropping mortgage rates are fundamental for the consistent, progressing, and sustained improvement that has occurred.

At present, the San Gabriel Valley sector of Los Angeles, California, is experiencing a seller's market, which implies that more buyers are looking to purchase than there are available property listings.

If you want to learn everything there is to know about the San Gabriel Valley real estate market; we encourage you to keep reading this market analysis.

Snapshot of Median San Gabriel Valley Home Values by Community

San Gabriel Valley is an excellent area to reside particularly due to the wide variety of affordable homes available and its adjacency to the greater Los Angeles area. The San Gabriel Valley is also conveniently located near a number of major freeways, which makes commuting simpler for everyone.

In the following section of our San Gabriel Valley real estate market study, we will look at the median home values by the community.

Azusa, California
* Median home price: $628,000
* The median value is expected to rise by 2.9% in 2022 compared to the previous year.
* The median list value per square foot: $371

San Dimas, California
* Median home price: $831,500
* The median value is expected to rise by 2.2% in 2022 compared to the previous year.
* The median list value per square foot: $411

West Covina, California
* Median home price: $949,000
* The median value is expected to rise by 2.8% in 2022 compared to the previous year.
* The median list value per square foot: $473

Glendora, California
* Median home price: $882,500
* The median value is expected to rise by 2.7% in 2022 compared to the previous year.
* The median list value per square foot: $462

Walnut, California
* Median home price: $1,799,000
* The median value is expected to rise by 2.9% in 2022 compared to the previous year.
* The median list value per square foot: $470

Covina, California
* Median home price: $614,499
* The median value is expected to rise by 2.8% in 2022 compared to the previous year.
* The median list value per square foot: $421

Azusa, California

* Azusa is a city in southern Los Angeles County, California that defines the San Gabriel Mountains on the southwest side.
* Foothill Boulevard and Alosta Avenue, which are two of the city's principal roadways, run through the neighborhood.
* Compared to the same time during the previous year, the median home price in Azusa has increased by 20.2%, reaching roughly $628,000.
* By 2022, it is projected that the Azusa housing market will have increased by 2.9% compared to the previous year.
* Homes in Azusa, California, have a median cost per square foot of approximately $371.
* Numerous homes receive frequent offers, some of which have waived contingencies.
* The average home sells for approximately 4% more than the listing price and averages 30 days to go pending.
* Houses that are high in demand may sell for 7 percent more than the listing price and take an average of 12 days to enter the pending status.
* The growth rates of homes in Azusa have likewise climbed consistently during the last five years, reaching approximately 5.51 percent each year on average.
* North San Gabriel Canyon Road/West Sierra Madre Avenue, East Sierra * * Madre Avenue/North Nobhill Dive, and Arrow Highway are some of the communities that feature more highly valued properties in Azusa.

San Dimas, California

* It is approximately 20 miles from Los Angeles to reach San Dimas, a picturesque mountain village nestled in the San Gabriel Mountains.
* The median home price in the city of San Dimas is roughly $831,500, which represents a 2% decrease from the previous year's median home value.
* 2.2% is likely to be added to the anticipated median house value in 2022, according to estimates.
* The average selling price per square foot of San Dimas' usual assortment of properties is expected to be $411.
* Numerous homes receive frequent offers, some of which have waived contingencies.
* The average home sells for approximately 3% above the asking price and goes into escrow in about 33 days.
* Houses in high demand can sell for up to 7% above the asking price and go pending in as little as 17 days after going on the market.
* However, although the number of residences in San Dimas is growing at an increasing rate, the city has maintained a stable appreciation rate of 4.63% every year, identical to that of its neighboring cities.
* A few of San Antonio's most valuable addresses are Viva Verde and Puente Avenue, among others.

West Covina, California

* West Covina is a vibrant and thriving city in Los Angeles, California. It is situated in the north of the San Gabriel Valley and has appeared on different television series in the United States.
* Even though West Covina's house prices are among the highest in the country, they are not as pricey as those in some of California's most expensive neighborhoods.
* The median home value in Covina is approximately $949,000, which is a 27% increase compared to the previous year. According to projections, the median property price in West Covina is predicted to rise by 2.8% by 2021.
* Real estate listings in West Covina have a median list cost per square foot of $473, which is cheaper than the citywide average.
* Numerous homes receive frequent offers, some of which have waived contingencies.
* A typical home sells approximately 4% above the asking price and goes pending in about 28 days.
* A high-demand property can sell for approximately 9% above the asking price and go pending in approximately 11 days.
* The appreciation rates in this area have climbed at a pace of 5.12% each year during the last ten years.

Glendora, California

* A medium-sized city in the eastern segment of San Gabriel Valley, Glendora is positioned between the San Gabriel Mountains and the South * Hills.
* The average home in San Antonio is worth $882,500.
* Their current median home value has increased by 8.1% over the previous year, but it is expected to rise by 2.7% in 2022, according to forecasts.
* The average value of a Glendora property is $462 per square foot.
* Some properties receive several bidders.
* The average home sells for approximately 3% above the asking price and goes into escrow for about 27 days.
* When a house is in high demand, it can sell for approximately 7% above the asking price and go pending in approximately 12 days.
* Glendora's average yearly appreciation rate for homes and real estate properties is an impressive 4.73%.

Walnut, California

* Walnut, a city in the San Gabriel Valley, is located in the eastern portion of Los Angeles County.
* Walnut, California, is one of the most expensive cities in the state, with a typical house value of $756,606.
* Home values in Walnut City have climbed by 4%, and it is expected that they will rise by another 2.9% in the coming year.
* The median list value per square foot of Walnut real estate is $419, which is still cheaper than the average for the surrounding cities.
* Some assets receive several proposals.
* Home sales in the average market sell for approximately 2% above the list price and go pending in about 26 days.
* Houses in high demand can sell for approximately 8% more than the asking price and go pending in roughly 12 days.
* Since the beginning of the millennium, Walnut residents have seen an average annual increase in the value of their homes of 4.73%.

Covina, California

* Covina is a hamlet in the San Gabriel Valley flanked by orchards of oranges and grapefruit.  It is lushly covered with orange and grapefruit orchards, which provide a stunning sight.
* The median house value in Covina is predicted to be around $614,499, representing a 19.4% rise in value over the previous 12 months.
* In addition, the median home value in the city is predicted to rise by 2.8% by 2022, according to forecasts.
* Real estate in Covina has a typical list cost per square foot of $421.
* Prospective Covina homeowners can acquire properties that will appreciate at a rate of 5.16% each year, which is a good investment.

* Many properties receive a large number of offers, some of which are without contingencies.
* The average house sells for approximately 4% above the list price and goes into pending status in about 31 days.
* Residences in high demand may sell for up to 8% over the posted price and may be placed on hold for 11 days.
* The total value of Covina real estate has increased by 161.05% over the course of 20 years.

Final Thoughts

To conclude, the San Gabriel Valley real estate market study shows that the typical property value in San Gabriel Valley and its adjacent area is $1,100,000, with appreciation rates averaging 5.57% on an annual basis.

A median home price of $882,500 and yearly appreciation rates of 4.73% characterize Glendora's real estate market, which is trendy right now.

Walnut's homes are as peaceful as they come, with an average value of $756,606 and a predicted increase of 2.9% in 2022.

Property values in Covina have climbed to only $614,499, representing an annual appreciation rate of 5.16% on average. Covina is also well-known for having one of California's most affluent and costly real estate markets.

Because of rising property values, particularly in light of the present appreciation rate, the Los Angeles real estate market is often recognized as one of the most excellent markets in the country for both investors and homeowners alike.

Experts project that the real estate market will continue to grow in 2022, even though home values in Los Angeles County are at an all-time high.

The real estate industry in Los Angeles County, particularly in the San Gabriel Valley, is expected to remain moderate throughout 2022, which will be beneficial to those who invest in it.

In the United States, the sector for real estate in Los Angeles is considered to be one of the best long-term ventures due to its high return on investment. However, not every real estate investor or purchaser is interested in investing or purchasing in Los Angeles. Because of how expensive and competitive the city's real estate market is, not everyone will be interested in making an investment there.

The real estate portfolio in San Gabriel Valley is quite affordable at the moment, and with the appreciation of these homes, they will continue to be fantastic investment opportunities.

This is why it is advisable to purchase real estate in the San Gabriel Valley while prices are still reasonable and have not increased much.