The Best Real Estate Agent in Covina with Your Market Update

Market Update for November 2022 Covina
Here are the stats:
Total # of Homes Currently Available on the Market- 70
Pending in Escrow- 47
Closed in the last 30 days- 25 (Down 48% Yr/Yr)
Average Days on Market- 26 (18 days same time last year)
Absorption Rate- 2.12 (1.6 July 2022)
November 2021 to November 2022- Prices went UP 4.8%
List Price to Sales Price Ratio- UP by 2.86%
Most expensive home to sell within the last 30 days-
1070 E. Navilla Pl.
Sold for $1,206,500 (Listed for $1,229,000)
2,757 sqft, 4 Bedrooms, 3 Bathrooms
15,935 Sqft Lot
Pool
It took 14 days to sell
Lowest Priced Home to sell within the last 30 days-
805 W. Grondahl Unit C Covina
Sold for $432,000 (Listed for $425,000)
Attached 2 Car Garage, 827 Sqft of Living, 1 Bedroom, 2 Bathroom
It took 11 days to sell
Median price in Covina is $720,000 according to our local MLS data. UP 2.86% compared to last year.
According to Freddie Mac interest rates for a 30 year fixed are at approximately 6.58% today. Mortgage experts are predicting that rates should slowly come down over the next several months.
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 626-347-5987 or shoot me an email at [e-mail]
To schedule a zoom meeting or face to face appointment, click here:
calendly.com/chriscervantez/h...
Chris Cervantez
DRE# 01430875
eHomes
626-347-5987
[e-mail]
www.citrusvalleyhomes.com
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