Welcome To My La Mirada Real Estate Newsletter

Welcome to my first La Mirada Real Estate Newsletter. Over the last 8 years, I have published Real Estate newsletters for Big Bear, which has over 4,500 subscribed homeowners. They have enjoyed me educating them by using my 40 years of experience in real estate to keep them posted on the stats and trends for their market.  

Now that I am moving back to La Mirada and working with FirstTeam Real Estate, the number one Real Estate company in Southern California, I have started a Real Estate Newsletter for homeowners like you. For those who don’t know me, I was raised in La Mirada for most of my life and had a successful real estate career in La Mirada for over 30 years. I encourage you to read this article and look at my in-depth La Mirada Real Estate market write-up.  There are three sections.  The overall market, the markets with a price range of 0-$900,000 and $900,000 and up.  Try my newsletter for a few months. It will be published twice a month and have insight into not only Real Estate from a stats point of view but also from things like what is going on in the city with city council meetings, how the fires in LA will affect La Mirada, and what about Insurance costs.  So, let’s get started.

The good news is the data charts show that La Mirada Real Estate is doing well in terms of price.  Unlike a lot of areas in Southern California, we have held our prices or gone up in prices compared to 1 and 2 years ago.  In the $900,000 and Up market prices haven’t gone up that much; we are up $9,000 from a year ago but down $10,000 from 2 years ago.  But here is the actual surprise: Sales of homes over $900,000 are up 200% from one year ago and up 230% from 2 years ago. 

The bad news is that the Days On the Market have gone up. This may be the first indication that the La Mirada Real Estate Market is in for a slowdown. For example, in the Overall Market for La Mirada, Days on the Market have gone up 83% from a year ago and are up 58% from the third quarter of 2024.   

The economy and demand are the main two areas affecting our market. On the economic side, we all know that we need mortgage rates to go down. The current administration needs to keep fighting inflation so that rates will go down. Regarding demand, La Mirada is still a great community to live in. And compared to Orange County, La Mirada prices are still much lower. Because we are next to Orange County, people who can’t afford Orange County but want to live there will still come to La Mirada, which helps keep our demand up.  

For more detailed information on the Real Estate Market for La Mirada, check out the in-depth analysis. The Overall Market. The price range 0-$900,000. The price range $900,000 plus.

After looking at the in-depth analysis, check out our website.  TySutherland.com