La Mirada Real Estate Market Forecast Hillsboro Knolls Neighborhood

                     Hillsboro Knolls Six And Twelve-Month Comparison

Prices

The six-month numbers for this neighborhood were not calculated because there were no sales in the last 6 months.

The 12-month average price for this neighborhood was $1,103,000, compared with $1,113,000 for the previous 12 months. This gives Hillsboro Knolls an average monthly price decrease of $10,000 over the last 12 months. As you can see from the price graph, prices in the Hillsboro Knolls have remained relatively stable over the previous 12 months. The lowest monthly average for the last 12 months was $970,000, and the highest was $1,254,000. This gives us a price spread of $284,000 for the neighborhood 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, no sales were recorded in this neighborhood, so numbers were not calculated.

Over the last 12 months, we have seen an increase of 0.2 in sales per month and a decrease of 0.5 in listings per month.  This is based on the current 12-month average of 0.6 sales per month and 0.3 listings per month, compared with the previous 12 months, which averaged .4 sales per month and 0.8 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, sales in this neighborhood have averaged 8 days on the market before entering escrow.  

Forecast

Overall, the Hillsboro Knolls Area is doing very well. The small price decrease is due to the area's strong demand, which has always been high and is expected to remain so due to the neighborhood's appeal. This tract is similar to a tract of homes in Orange County, but at better prices than you can get in Orange County.

Prices in the area will remain strong over the next few months, and because it is a small community, prices should continue to rise. With strong demand for the city and the area and with a shortage of listings, barring any economic problems, the Hillsboro Knolls Area will do well this year.  

If you would like a detailed analysis of your home’s current market value

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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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A map of current active listings and the sales in the Hillsboro Knolls for the last twelve months that was used for analysis.

The table below lists the prices used in the Hillsboro Knolls analysis over the past twelve months.

Hillsboro Knolls Twelve-Month Price Graph

Demand Graph Sales vs Listings

Hillsboro Knolls compared to the city of La Mirada and the 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.