Buying a Home in Diamond Bar – One of CNN Money Magazine’s Best Places to Live
Diamond Bar’s real estate market is definitely a buyer’s market. This prestigious city boasts large, elegant homes and low crime. The median value of homes in Diamond Bar is $579,800, up 16% over the last year and expected to rise another 6.3% in the next year. The median list price is $585,000 while the median sold price is $544,925. If you work with a knowledgeable Diamond Bar realtor you’re sure to obtain your dream home for a great price.
As one of CNN Money Magazine’s Best Places to Live you’ll find that Diamond Bar, though a quiet suburban community, has a lot of to offer. This city is relatively new; it was incorporated in 1989, but was the largest working cattle ranch in the U.S. in the mid-1800s. It was only in the 50s that it was sold to a developer with the first homes built in 1960.
Diamond Bar has a population of a little over 56,000 whose residents are 41 years of age on average and make a median income of $90,181. The largest employer in the city is the South Coast Air Quality Management District, though most of the residents commute to other cities for work. The city covers 14.9 square miles with a population density of 3,731.5 people per square mile. The percentage of households that are families is 83% and the average size of households is 3.1 people.
The climate of Diamond Bar is Mediterranean which means small rainfall amounts and lots of sunny days, about 70% of them are cloudless.
There were 18,455 housing units at an average density of 1,239.8 per square mile (478.7/km²), of which 14,513 (81.2%) were owner-occupied, and 3,367 (18.8%) were occupied by renters. The homeowner vacancy rate was 0.9%; the rental vacancy rate was 5.2%.
Diamond Bar homes are no older than 54 years old due to the fact that none were built until 1960. What you’ll find are many custom built, large to midsize homes.
Diamond Bar Green Space
Diamond Bar has over 160 acres of green space in nine parks that offer trails, recreational facilities, playgrounds, barbecues and athletic fields. A favorite is Sycamore Canyon Park which is dog-friendly with a hiking trail, picnic tables and a playground.
Shopping and Dining Diamond Bar
Shopping in Diamond Bar is a breeze. There are many shopping centers interspersed throughout the city, including Montifino Shopping Center and Towne Center Village Shopping Center. For groceries there is also Vons, Albertsons, as well as H Mart, a Korean market and Greenhills Market a Filipino market.
After a long day at work you’ll find a number of restaurants in Diamond Bar to enjoy a nice dinner. There’s a good variety including Indian, Japanese, Thai and Mexican. Favorites are the Indian restaurant, Diamond Palace and the Japanese Kyala Sushi & Japanese Cuisine.
Diamond Bar Schools
Diamond Bar is served by two award winning school districts, Pomona Unified School District and Walnut Valley Unified School District. There are nine elementary schools, three middle schools and two high schools in Diamond Bar.
Transportation in Diamond Bar
Diamond Bar is right on California Routes 57 and 60. The 60 takes you directly to downtown Los Angeles. There are also three Amtrak Stations nearby where residents can get on the Metrolink. The city is serviced by two bus systems, Metro Transit Authority and Foothill Transit. Three major airports are within easy driving range.
Diamond Bar Medical Facilities
Just seven miles away in Covina is the Citrus Valley Medical Center which is a full-service hospital. Also just a couple of miles further out from Diamond Bar at two more major facilities. In case of an emergency you are never far from assistance.
Real Estate Market Forecast for Diamond Bar
Buying a home in Diamond Bar is an investment in your future. The market is cold which means many houses are spending a lot of time on the market so sellers are willing to make a deal. With housing values expected to rise 6.3% over the next year and mortgage rates still low, now is the time to buy. Give me a call and we’ll tour this affluent city where I’m sure you’ll find the home of your dreams.