La Mirada Real Estate Market Trends For The Hillsboro Collection Neighborhood

Hillsboro Collection neighborhood Six And Twelve-Month Comparison

Prices

Over The Last six-months, statistics for this neighborhood are unavailable because there were no sales.

Over the last 12 months, the average price in this neighborhood was $1,558,000, compared to $1,397,000 in the previous 12 months. This yields an average monthly price increase of $161,000 for the Hillsboro Collection Neighborhood over the past 12 months. As you can see from the graph below, prices in the Hillsboro Collection Neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $1,525,000, and the highest was $1,590,000. This yields a $65,000 price spread for the neighborhood over the last 12 months.  The price difference will be due to factors such as property condition, added square footage, an added pool, and location.

Price Summary

When we examine the last 12-month average, prices have increased by $161,000. This increase should hold steady over the next few months. When we compare the neighborhoods for which we have stats.  None of them had 0 sales in the last 12 months. 6 had a decrease in their average price over the same period.  7 of them, including this one, had an increase in their average price over the last 12 months. This resulted in a city-wide average gain of $33,000 over the last 12 months.  This amount has begun to decline as we add new months and drop older ones from the average. Like most cities in the surrounding area, La Mirada prices are going down.  However, the Hillsboro Collection neighborhood should remain stable or even experience further price increases.  

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

Sales

Over the last 6 months, statistics for this neighborhood have not been calculated due to no sales.

Over the last 12 months, we have observed a 0.0 decrease in monthly sales and a 0.1 decrease in monthly listings.  This is based on the last 12-month average of 1.0 sales and 1.0 listings, compared to the previous 12 months, which averaged 1.0 sales and 1.1 listings. 

In the past 12 months, homes in La Mirada have sold quickly, with an average of 22 days before entering escrow. For the past 12 months, sales in this neighborhood have averaged 47 days on the market before entering escrow.  

Forecast

Overall, the Hillsboro Collection neighborhood is doing very well. The price increase is attributable to the neighborhood's historically high demand, which is expected to remain high given its appeal. It is one of the few exclusively gated tracts in the City of La Mirada, with only 213 homes in the Collection Area. 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 because the neighborhood is a small, exclusive community, prices should continue to rise. With strong demand for the city and neighborhood and a shortage of listings, barring any economic problems, the Hillsboro Collection neighborhood should perform well this year.  

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

The table below lists the prices used in the Hillsboro Collection neighborhood analysis over the last six and twelve months

Hillsboro Collection neighborhood Twenty-Four-Month Price Graph

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

 Hillsboro Collection neighborhood compared to the city of La Mirada and the Individual La Mirada neighborhoods

All data is from the CRMLS