La Mirada Real Estate Market Market Trends For The Hillsboro Heights Neighborhood

Hillsboro Heights neighborhood Six And Twelve-Month Compariso 

Prices

Over The Last six-month, data for this neighborhood were not calculated, due to no sales.

Over The Last 12-months, the average price in this neighborhood was $1,115,000, compared to $1,175,000 for the previous 12 months. This results in an average monthly price decrease of $60,000 for the Hillsboro Heights neighborhood over the last 12 months. As you can see from the graph below, prices in the Hillsboro Heights neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $970,000, and the highest was $1,260,000. This yields a price spread of $290,000 for the neighborhood over the last 12 months.  The price difference is due to factors such as property condition, added square footage, an added pool, and location.

Price Summary

In the Hillsboro Heights Neighborhood, prices have declined by 0 over the last 6 months. When we examine the last 12-month average, prices have decreased by $60,000. This was expected. However, this decrease should narrow as sales increase.  When we compare the other neighborhoods for which we have statistics.   None of them had 0 sales in the last 12 months. 6 had a decrease in their average price, including this one, over the same period.  7 of them had an increase in their average price over the last 12 months. This resulted in a citywide average gain of $33,000 over the last 12 months.

See the tables at the end of this report to see each neighborhood’s increase or decrease

Sales

Over The Last 6 months, no sales were recorded in this neighborhood; therefore, no numbers were calculated.

Over The last 12 months, we have observed a 0.0 decrease in monthly sales and a 0.4 decrease in monthly listings.  This is based on the last 12-month average of 1.0 sales and 1.6 listings per month, compared to the previous 12 months, which averaged 1.0 sales and 1.2 listings per month.

In the last 12 months, homes in La Mirada have sold quickly, with an average of 22 days before entering escrow. For the last 12 months, sales in this neighborhood have averaged 52 days on the market before entering escrow.  

Forecast

Overall, the Hillsboro Heights neighborhood is doing very well.  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 neighborhood will remain strong over the next few months, and given it’s a small community, prices should begin to rise. With strong demand in the city and surrounding area and a shortage of listings in this neighborhood, barring any economic problems, the Hillsboro Heights neighborhood will perform well this year.  

Thinking of Selling?

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I will make you 2 promises: 1. No sales talk, just a low-key informative conversation. 2. You won’t regret your decision. 

Why not use the Best?

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Cell 714 342-7270

Email tysutherland@firstteam.com

A map of current active listings and the sales in the Hillsboro Heights neighborhood for the last twelve months was used in this analysis

The table below list the prices used in the Hillsboro Heights analysis for the last 6 and 12 months

Hillsboro Heights Twenty-Four-Month Price Graph

Hillsboro Heights neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings

Hillsboro Heights compared to the city of La Mirada and the Individual La Mirada neighborhoods

All data is from the CRMLSd