La Mirada Real Estate Market Price Trends Biola Area

Once a month, I will update you on how Real Estate prices are trending in the different neighborhoods. 

Biola Area

The Biola Area has seen a nice price increase of $68,000 in the last six months. The area has averaged four sales per month for a monthly price average of $854,000.  The lowest monthly average price of the last six months was $720,000, and the highest monthly average price of the last six months was $944,000. Homes are still selling quickly. Sales for the last six months have averaged ten days on the market to get into escrow.   

Biola Area 6 Month Averages compared to the 12 Month averages.

                                                                        Six Months               Twelve Months

Average price per month                          $854,000                   $786,000

Average sales per Month                          4                                  5

Average days for a property to sell      10                                17                                     

Overall, the Biola Area is doing very well.  The demand for this area has always been strong. And will stay strong because faculty and students want to live in the area so they can walk or ride a bike to the University.  Families like Garden Hill School, a Blue Ribbon school, and the ability to have some family time at Garden Hill Park.

Call or email me if you are considering selling and want to know what your home would sell for in today’s market.  I will send you a detailed Market Analysis of your home and information on a marketing plan to sell your home for top dollar. 

City of La Mirada

In the last six months, the City of La Mirada averaged 20.3 sales per month. These sales had an average monthly price range of $934,000 to $1,008,000, with an average price of $956,000. The average number of days it took to sell was 17. 

When we compare the six-month monthly average price of $956,000 to the twelve-month monthly average price of $944,000, we can see that prices have increased by $12,000.

Overall, the City of La Mirada is doing very well. The demand for this area has always been strong and will stay strong because of the family atmosphere that the city has always promoted. For a small city, La Mirada has diverse opportunities for all ages. To name a few of these opportunities: Good Schools, Diverse Churches, a Golf Course, a wide variety of Sports and Recreation facilities, a world-class Regional Park, and Senior Services. 

Data Table