La Mirada Real Estate Market Trends For The Hillsboro Knolls Neighborhood

Hillsboro Knolls neighborhood Six And Twelve-Month Comparison 

Prices

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

Over The Last 12-months,  the average price in this neighborhood was $1,021,000, compared to $1,110,000 in the previous 12 months. This results in an average monthly price decrease of $89,000 for the Hillsboro Knolls neighborhood over the last 12 months. As you can see from the graph below, prices in the Hillsboro Knolls neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $981,000, and the highest was $1,060,000. This yields a $79,000 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

In the Hillsboro Knolls Neighborhood, prices have declined by 0 over the last 6 months. When we examine the last 12-month average, prices have decreased by $89,000. However, this decrease should narrow as sales increase over the next few months. When we compare the Hillsboro Knolls Neighborhood to the other neighborhoods for which we have stats.  0 of them had no sales the last 12 months.  6 had a decrease (like this neighborhood) in their average price over the last 12 months.  7 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 increase in monthly sales and a 0.1 decrease in monthly listings.  This is based on the last 12-months, 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 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 36 days on the market before entering escrow.  

Forecast

Overall, the Hillsboro Knolls Area is doing very well. The price decrease is attributable to current market conditions. Prices should start going up when the neighborhood has some sales. Demand is expected to remain high given 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 this neighborhood will remain strong over the next few months, and because it is a small community, prices should continue to rise. With strong demand in the city and surrounding area and a shortage of listings, barring any economic problems, the Hillsboro Knolls Area will perform well this year.  

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

The table below lists the prices used in the Hillsboro Knolls neighborhood analysis for the last 6 and 12 months

Hillsboro Knolls neighborhood Twenty-Four-Month Price Graph

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

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

 All data is from the CRMLS