Market Video

Covina mkt update

City of Covina, June’s market update:

Number of active listings (inventory):  down 12% from May 2016 to May 2017 and down 10% from the previous month.

Median asking price:  $549,800

Average days on market:  down 18% from 45 days to 37 days from a year ago.

Median sales price:  $500,000

Number of units sold:  unchanged year over year and up 37% month over month.

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Covina is a beautiful city in the San Gabriel Valley approximately 21 miles east of Downtown Los Angeles. Pasadena is also located only 18 miles away. The population was 47,796 at the 2010 census, up from 46,837 at the 2000 census. The city's slogan, "One Mile Square and All There", was coined when the incorporated area of the city was only (some say slightly less than) one square mile. Covina is often confused with West Covina which is actually larger in both area and population, located to its south and westside. Irwindale lies to the west, as well as the unincorporated area of Vincent, and the city of Baldwin Park. Azusa and Glendora are to the north, the unincorporated community of Charter Oak to the northeast, San Dimas to the east, the unincorporated areas of Ramona and Via Verde, and the city of Pomona to the southeast.