La Mirada Real Estate Market Trends For The Lemon Hills Neighborhood

Lemon Hills Six And Twelve-Month Comparison

Prices

Over The Last six-months the average price for this neighborhood was $1,058,000, compared to $1,225,000 in the preceding six months. This has resulted in a $167,000 decrease in average monthly price in the Lemon Hills neighborhood over the last six months. As you can see from the graph below, prices in the Lemon Hills neighborhood have remained relatively stable over the last six months. The lowest monthly average for the last six months was $900,000, and the highest was $1,255,000. This yields a $325,000 price spread for the neighborhood over the last 6 months.  The price difference will be due to factors such as property condition, added square footage, an added pool, and location.

Over The Last 12-months the average price for this neighborhood was $1,113,000, compared to $1,026,000 for the previous 12 months. This results in an average monthly price increase of $87,000 in the Lemon Hills neighborhood over the last 12 months. As you can see from the graph below, prices in the Lemon Hills neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $900,000, and the highest was $1,250,000. This yields a $350,000 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 Lemon Hills Neighborhood, prices have declined by $167,000 over the last 6 months. When we examine the 12-month average, prices have increased by $87,000. However, this increase should be reduced over the next few months. When we compare the Lemon Hills neighborhood to the other neighborhoods for which we have stats.  4 of them had no sales in the last 6 months.  6 had a decrease in their average price over the last 6 months.  3 had an increase in their average price over the last 6 months. This resulted in a citywide average loss of $26,000 over the last 6 months.  Like most cities in the surrounding area, La Mirada prices are going down.

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

Sales

Over the last 6 months, we have had an increase of 0.3 sales per month and an increase of 0.0 listings per month.  This is based on the last 6-month average of 1.3 sales per month and 1.0 listings per month, compared to the previous 6 months, which averaged 1.0 sales per month and 1.0 listings per month. 

In the last 6 months, homes in La Mirada have sold quickly, with an average of 25 days before entering escrow. For the last 6 months, sales in this neighborhood have averaged 58 days on the market before entering escrow.  

Over the last 12 months, we have had a decrease of 0.1 sales per month and an increase of 0.0 listings per month.  This is based on the last 12-month average of 1.2 sales and 1.0 listings, compared tothe previous 12 months, which averaged 1.3 sales and 1.0 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 42 days on the market before entering escrow.  

Forecast

Overall, Lemon Hills is doing very well. The price decrease is expected, and I also expect prices to stabilize, given the area's historically high demand and its expected persistence due to the neighborhood's appeal. Family time at Creek Park 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. Given the area's demand and the limited number of listings, prices should increase this spring or summer. 

Thinking of Selling?

For most people, selling their home is their biggest Financial decision.  When choosing an agent to help you sell, every agent you talk to will tell you the same things, and they are #1.  But there is only one #1 Firstteam!  All I ask is that you show me your home and let me spend 20 minutes explaining how we are different from any other company you may speak with. Our difference enables us to consistently outperform other companies and secure the highest price for our clients. Start your biggest decision with your best decision.  Talk to Ty.

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

Why not use the Best?

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Cell 714 342-7270

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

The table below lists the prices used in the Lemon Hills analysis over the last twelve months.

 Lemon Hills neighborhood Twenty-Four-Month: Price Graph

 Lemon Hills neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings

 Lemon Hills compared to the city of La Mirada and the Individual La Mirada neighborhoods

All data is from the CRMLS