La Mirada Real Estate Market Trends For The West Of Valley View Neighborhood

West Of Valley View

Six And Twelve-Month Comparison

Prices

Over The Last six-months the average price for this neighborhood was $797,000, compared to $658,000 in the preceding six months. This yields an average monthly price increase of $139,000 in the West of Valley View neighborhood over the last six months. As you can see from the graph below, prices in the West of Valley View neighborhood remained relatively stable over the last six months. The lowest monthly average for the last six months was $781,000, and the highest was $810,000. This yields a price spread of $29,000 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 $805,000, compared to $800,000 for the previous 12 months. This yields an average monthly price increase of $5,000 in the West of Valley View neighborhood over the last 12 months. As you can see from the graph below, prices in the West of Valley View neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $720,000, and the highest was $870,000. This yields a $150,000 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 West of Valley View Neighborhood, prices have declined by $18,000 over the last 6 months. When we examine the 12-month average, prices have increased by $5,000. However, this increase should be reduced over the next few months. When we compare the West of Valley View Neighborhood to the other  neighborhoods for which we have stats.  4 of them had no sales for the last 6 months.  6 (like this neighborhood) 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 $19,000 over the last 6 months.  Like most cities in the surrounding area, prices are going down.

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

Sales

Over the past 6 months, we have observed increases of 0.1 in monthly sales and a decrease 0f 0.5 in monthly listings.  This is based on the last 6-month average of 1.7 sales and 4.3 listings, compared to the previous 6 months, which averaged 1.6 sales and 4.8 listings. 

In the last 6 months, homes in La Mirada have sold quickly, with an average of 22 days before entering escrow. For the last 6 months, sales in this neighborhood have averaged 32 days on the market before entering escrow.  

Over the last 12 months, we have seen a 1.0 decrease in monthly sales and a 1.0 decrease in monthly listings.  This is based on the last 12-month average of 1.6 sales and 4.3 listings, compared to the previous 12 months, which averaged 2.6 sales and 5.3 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 28 days on the market before entering escrow.  

Forecast

Overall, West of Valley View is doing well. Demand for this area has always been good. Prices have remained slightly lower than in other neighborhoods because homes in this neighborhood generally have smaller square footage than those in La Mirada built at the same time.

Prices in the area will continue to decline over the next few months, but should stabilize or possibly rebound by summer or towards the end of the year.   With strong demand for the city and the area and with a shortage of listings, barring any economic problems, the West of Valley View neighborhood will do 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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Call, text, or email me.

Cell 714 342-7270

Email tysutherland@firstteam.com

A map of current active listings and sales in the West of Valley View neighborhood for the last 6 and 12 months was used in this analysis.

The table below lists the prices used in the West of Valley View analysis for the last 6 and 12 months

West of Valley View neighborhood Twenty-Four- Month: Price Graph

West of Valley View neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings

West of Valley View compared to the city of La Mirada and the Individual La Mirada neighborhoods

All data is from the CRMLS