As we move into July, the San Dimas real estate market continues to show steady activity with limited inventory and solid buyer demand—especially in desirable neighborhoods near Bonelli Park, Via Verde, and Shull Elementary.
In addition to local market trends, a significant federal tax bill was recently signed into law that could benefit both current homeowners and those considering selling or buying in 2025.
🏛️ Key Takeaways from the New Federal Tax Law
The newly passed tax legislation includes several updates that directly affect real estate:
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An increase in the State and Local Tax (SALT) deduction cap from $10,000 to $40,000, in place through 2029—helping homeowners in high property tax areas like San Dimas.
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A permanent extension of the mortgage interest deduction for homeowners with up to $750,000 in mortgage debt.
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Continued eligibility for the Qualified Business Income deduction (Section 199A) for owners of rental properties.
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Expanded support for affordable housing development through enhancements to the Low-Income Housing Tax Credit (LIHTC).
These changes could lead to more favorable financial conditions for both current and future homeowners in San Dimas, La Verne, Glendora, and Covina.
📈 What Does This Mean for San Dimas Real Estate?
For San Dimas homeowners:
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The increased SALT deduction could make holding or purchasing higher-value homes more attractive by lowering effective tax costs.
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The mortgage interest deduction helps ease affordability pressures for buyers—potentially increasing demand.
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The rental property provisions may appeal to investors and landlords considering expanding their local portfolios.
With these changes in place, now may be an ideal time to evaluate your home’s value, especially if you’ve been on the fence about selling.
🏡 Market Snapshot: San Dimas and Surrounding Cities
Across San Dimas, La Verne, Glendora, and Covina, market conditions remain favorable for sellers:
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Inventory remains tight, with buyers actively looking for move-in-ready properties.
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Homes in established neighborhoods are still attracting strong offers.
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The combination of new tax advantages and ongoing demand presents an opportunity for strategic sellers to get ahead of potential market shifts later this year.
🔑 Find Out What Your San Dimas Home Is Worth
I’m Albert Pasillas, a local real estate expert with 22+ years of experience helping San Dimas families make confident real estate decisions. If you’re curious about your home’s value—or want to know how the new tax law could affect your next move—I’m here to help.
Get your free, personalized home value report today and let’s explore your options together.
Home Valuation | San Dimas Real Estate | Albert Pasillas
