San Gabriel Real Estate Market Update

There are many San Gabriel Valley area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Payment Calculator so you know what buyers will pay for your home in today's market. You may also call me at (626) 914-6859 for a FREE home buying or selling consultation to answer any of your real estate questions. 

Last year at this time, the average home was closing escrow in 20 days - which is incredibly abnormal. What we saw happening was investors buying up real estate here in San Gabriel at an intense rate. This year, it takes about 45 days to close escrow, which is a positive sign.

With fewer investors in the market artificially affecting sales data, the market is more stable. Interest rates are still very low and the average home buyer doesn't have to compete with investors anymore.

Median home prices in our area sit at an average of about $430,000. This stable market means buyers will be able to negotiate a fair price, as sellers no longer have a monopoly on negotiations.

If you are interested, we can send you the charts, so you can see how things have changed over the last 4 to 5 years. It's certainly been a wild ride. Additionally, if you want a free market analysis of what your home might be worth, we can also do that for you. Now is a pretty good time to upgrade, as the investors are gone and you can still get your home sold for top dollar.

If you're thinking of making a move, don't wait long. Conditions are always changing, and things are looking pretty good right now. If you have any questions, we are always free to talk - so don't hesitate to reach out to us by phone or email. Thanks, and have a great day!

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