La Mirada Real Estate Market Trends North OF Foster Rd, West Of Ocaso Neighborhood

North OF Foster Rd, West Of Ocaso

Six And Twelve-Month Comparison

Prices

The six-month average price for this neighborhood was $931,000, compared with $1,142,000 for the six months before that. This gives the North of Foster Rd, West of Ocaso area an average monthly price decrease of $211,000 over the last six months. As you can see from the price graph, prices in the North of Foster Rd, West of Ocaso area have remained relatively stable over the previous six months. The lowest monthly average for the last six months was $860,000, and the highest was $975,000. This gives us a price spread of $115,000 for the neighborhood 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 this neighborhood was $1,036,000, compared with $985,000 for the previous 12 months. This gives the North of Foster Rd West Of Ocaso area an average monthly price increase of $51,000 over the last 12 months. As you can see from the price graph, prices in the North of Foster Rd West Of Ocaso area have remained relatively stable over the previous 12 months. The lowest monthly average for the last 12 months was $860,000, and the highest was $1,400,000. This gives us a price spread of $540,000 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, we have seen an increase of 0.3 in sales per month and 0.5 in listings per month.  This is based on the current 6-month average of 1.3 sales per month and 1.5 listings per month, compared with the previous 6 months, which averaged 1.0 sales per month and 1.0 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, sales in this neighborhood have averaged 28 days on the market before entering escrow.  

Over the last 12 months, we have seen a 0.3 decrease in sales per month and a 0 decrease in listings per month.  This is based on the current 12-month average of 1.2 sales and 1.2 listings per month, compared with the previous 12 months, which averaged 1.5 sales and 1.2 listings per month. 

Homes are still selling quickly in La Mirada, with an average of 23 days to sell. For the last twelve months, sales in this neighborhood have averaged 22 days on the market before entering escrow.  

Forecast

Overall, the North of Foster Rd, West of Ocaso Area is doing very well. The demand for this area has always been strong and will remain so due to the neighborhood’s proximity to Regional Park, Biola University, several churches, the golf course, Benton Middle School, and La Mirada High School.

Overall, the North of Foster Rd. West of Ocaso Area is doing very well. The price decrease is expected, and I also expect prices to stabilize due to the area's strong demand, which has always been high and is expected to remain so because of the neighborhood's appeal. Family time at Creek is a big selling point. This tract is similar to a tract of homes in Orange County, but at better prices than you can get in Orange County. Because of the area's demand and the low number of listings, prices should rise this spring or summer.   

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

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A map of current active listings and sales for North of Foster Rd and West of Ocaso over the last 12 months, used for analysis.

The table below lists the prices used in the North of Foster Rd. West of Ocaso, analysis over the past twelve months.

North of Foster Rd, West of Ocaso, Twenty-Four-Month Price Graph

Demand Graph

North of Foster Rd, West of Ocaso, 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.