La Verne, California | Market Update

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Market Update for May 2022 La Verne

Here are the stats:

Total # of Homes Currently Available on the Market- 27
Pending in Escrow- 30
Closed in the last 30 days- 20
Average Days on Market- 23
Absorption Rate- 1.13
March 2020 to March 2021- Prices went up 11%

Most expensive home to sell within the last 30 days-
2439 Santiago
Listed for $1,700,000 and Sold for $1,750,000
3,895 sqft, 4 Bedrooms, 2.5 Bathrooms
4 Car garage, Gated Community
It took 5 days to sell

Lowest Priced Home to sell within the last 30 days-
4535 Ramona Ave #10
Listed for $335,000 and Sold for $345,000
616 sqft, 1 bed, 1 bath
It took 3 days to sell

Median price in La Verne is $939,000 according to our local MLS data.

Closed sales are down 16.7% year over year.

Absorption rate for La Verne (Total supply of homes for sale) 1.13. Meaning we have about 1 month’s worth of inventory currently available.

If I can answer any of your real estate related questions, or you are curious what all of this info means for your situation, please reach out. You may call me at 909-403-7999 or shoot me an email at chris@ehomesteam.com.

To schedule a zoom meeting or face to face appointment, click here:
https://calendly.com/chriscervantez/30-min-real-estate-talk

Chris Cervantez
DRE# 01430875
eHomes
chris@ehomesteam.com
www.citrusvalleyhomes.com

Looking to sell your home? Find out the value here: https://cloudcma.com/api_widget/5bae438a154abfe629d361a0620df60d/show?post_url=https%3A%2F%2Fcloudcma.com&source_url=ua

Looking to buy a home? Search all homes for sale here:
https://chris.ehomesteam.com/

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