2019 San Gabriel Valley Real Estate Market Report

By
Services for Real Estate Pros with InboundREM

2019 San Gabriel Valley Real Estate Market Report

Market Report

The median home value in the San Gabriel Valley is $764,400. The home value in the region has decreased by 2.9% over the past year with the median price of homes sold being at $717,400. This makes it an excellent time to buy houses to build equity or for families looking for a new residence in the valley. The median listed price per square foot is $487 while the median rent price is $2,700. If you are in the market for a new house in one of the communities in the region, our team can help find a new home for you and your family.

There's a wide range of real estate options available to buyers looking at the San Gabriel Valley. There are affordable condominiums and apartments, high-end luxury developments, single-family homes, townhouses, private subdivisions, and many more. Buyers and investors can easily pick a property that best suits their budgets and needs.

 

Check out our original blog post at https://cristalcellar.com/ for more information.

San Gabriel Valley, CA Home Affordability

There is a diverse selection of properties in San Gabriel Valley providing buyers with ample opportunity to pick a home that they consider affordable for their budget. The median home price in San Gabriel Valley, CA is $764,400, while the median home income is $55,939. The home price to income ratio in the region is 13.65 which is higher than the state average. This means homes in the San Gabriel Valley are more expensive for the typical family compared to other districts in California. With that fact in mind, San Gabriel Valley has some excellent benefits adding to the overall value of the households in the community. Schools are quite well with several public schools in the region ranking highly. There are also several recreational attractions in the area including restaurants, public parks, outdoor trails, libraries, shopping malls, and more. The close proximity to Los Angeles also makes the valley an excellent option for busy professionals working in the region.

Check out our original blog post at https://cristalcellar.com/ for more information.

Los Angeles County Property Taxes

An important consideration that all home buyers have to consider are the various property taxes involved with their new home. Property Taxes in Los Angeles County is about $3,741 annually for each homeowner. There's also a nationwide tax rate of 0.755 for all homeowners which differ depending on the district and city of your house. The Los Angeles Unified School District rate is 0.126%. The county’s effective property tax rate is 0.75%. If you need help finding a house in Covina and other communities in Los Angeles County, our real estate team can help walk you through the various ins and outs involved in buying a property in the region.

 

Check out our original blog post at https://cristalcellar.com/ for more information.

If you would like to receive a FREE Competitive Market Analysis, contact me today.

Let Me Help You Find Your San Gabriel Valley Home!

If you are a buyer, it is important to have the assistance of a Buyer's Agent to represent you during the transaction. If you need additional assistance or would like to schedule a showing, contact our office at (626) 915-4164.

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POSTED BY
Cristal Cellar
JP Sazon
(626) 915-4164
624 S 1st Ave. Covina, CA 91723
 

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