La Mirada Real Estate Market Forecast City of La Mirada
La Mirada
Six And Twelve-Month Comparison
Prices
The six-month average price for La Mirada was $963,000, compared with $982,000 for the six months before that. This gives La Mirada an average monthly price decrease of $19,000 over the last six months. As you can see from the price graph, prices in La Mirada remained relatively stable over the previous six months. The lowest monthly average for the last six months was $925,000, and the highest was $1,004,000. This gives us a price spread of $79,000 for La Mirada in the previous 6 months. The price difference will be due to factors such as property condition, added square footage, an added pool, and location.
The 12-month average price for La Mirada was $972,000, compared with $930,000 for the previous 12 months. This gives La Mirada area an average monthly price increase of $42,000 over the last 12 months. As you can see from the price graph, prices in La Mirada have remained relatively stable over the previous 12 months. The lowest monthly average for the last 12 months was $925,000, and the highest was $1,039,000. This gives us a price spread of $114,000 for La Mirada in the previous 12 months. The price difference will be due to factors such as property condition, added square footage, an added pool, and location.
Sales
Over the last 6 months, we have seen a 2.2 increase in sales per month and a 3.2 decrease in listings per month. This is based on the current 6-month average of 22 sales per month and 42.8 listings per month, compared with the previous 6 months, which averaged 19.8 sales per month and 46 listings per month.
Homes are still selling quickly in La Mirada, with an average of 27 days on the market. For the last six months,
Over the last 12 months, we have seen a 0.3 decrease in monthly sales and a 0.5 increase in monthly listings. This is based on the current 12-month average of 21 sales per month and 44.4 listings per month, compared with the previous 12 months, which averaged 21.3 sales per month and 43.9 listings per month.
Homes are still selling quickly in La Mirada, with an average of 23 days on the market. For the last twelve months,
Forecast
The demand for the city has always been strong. La Mirada is a very well-run city with diverse activities for all ages, offering many options. Examples would be the Theater. Golf course, Senior Center, Regional Park, local parks, Sports facilities for Soccer, Baseball, Softball, Basketball, and of course, swimming. Because the city is so well-run and offers so much to its residents, there is strong demand for it. This, combined with the low number of listings, adds to the city's demand and helps keep prices up, or only has a small decline.
Prices in the area will continue to correct over the next few months, but should stabilize or possibly rebound by summer or towards the end of the year. With strong demand for the city and with a shortage of listings, barring any economic problems, the City of La Mirada will do well this year.
If you would like a detailed analysis of your home’s current market value
You can call, text, or email me
Cell 714 342-7270
Email tysutherland@firstteam.com
I will send you a detailed Market Analysis of your home. This analysis will take into account the condition of your home, its square footage, any improvements, and any special features.
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Click the different neighborhoods below to view maps of their boundaries and neighborhood stats.
City of La Mirada Twenty-Four-Month Price Graph
Demand Graph Sales vs Listings
City of La Mirada compared to Individual La Mirada neighborhoods
Here is a way for you to track how the city and your neighborhood have progressed over the last six and twelve months, and how individual neighborhoods are progressing compared to yours.
