La Verne Real Estate Market Continues Downward Trend in Price Cuts

This week in the La Verne market, sales fell to 19 homes sold over the last 30 days, coinciding with a budding downward trend in price reductions, with eight in the same time frame. All indications show that the trend may be coming to an end, meaning more price reductions over the next few weeks. The median sales price dropped to $520,000, down from last week's $561,500. There are only three months of inventory available in La Verne, so it's a seller's market, even with the decrease in sales.

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Demographic facts for La Verne:

  • The population is currently 31,063.
  • The safety rating in this area is 80. (Scale: 1 = Worst, 100 = Best)
  • The area's average commute to work is 35 minutes.

Data reported through 1/11/2017

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