La Mirada Real Estate Market Trends For The Southeast La Mirada Neighborhood

Southeast La Mirada neighborhood

Six And Twelve-Month Comparison

Prices

Over The Last six-months the average price for this neighborhood was $971,000, compared to $883,000 in the preceding six months. This yields an average monthly price increase of $88,000 in the Southeast La Mirada neighborhood over the last six months. As you can see from the graph below, prices in the Southeast La Mirada neighborhood have remained relatively stable over the last six months. The lowest monthly average for the last six months was $800,000, and the highest was $1,120,000. This yields a price spread of $320,000 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 $923,000, compared to $911,000 for the previous 12 months. This yields an average monthly price increase of $12,000 in the Southeast La Mirada neighborhood over the last 12 months. As you can see from the graph below, prices in the Southeast La Mirada neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $800,000, and the highest was $1,120,000. This yields a price spread of $320,000 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 Southeast La Mirada Neighborhood, prices have increased by $87,000 over the last 6 months. When we examine the 12-month average, over the last 12 months, prices have increased by $12,000. However, this increase should be reduced over the next few months. When we compare the Southeast La Mirada Neighborhood to the other neighborhoods for which we have statistics.  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 (like this neighborhood) had an increase in its 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 experienced a 0.3 increase in monthly sales and a 2.7 decrease in monthly listings.  This is based on the last 6-month average of 5.0 sales and 6.3 listings, compared to the previous 6 months, which averaged 4.7 sales and 9.0 listings. 

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 17 days on the market before entering escrow.  

Over the last 12 months, we have had an increase of 0.3 sales per month and a decrease of 1.3 listings per month.  This is based on the last 12-month average of 4.8 sales and 7.6 listings, compared to the previous 12 months, which averaged 4.5 sales and 8.9 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 19 days on the market before entering escrow.  

Forecast

Overall, the Southeast La Mirada neighborhood is performing well. Demand for this neighborhood has always been good. It is the center of La Mirada. This neighborhood borders the shopping center, Behringer Athletic Field, the golf course, and Regional Park. It also includes La Pluma Elementary School in the middle of the neighborhood, which is adjacent to La Mirada High School.

Prices in the area may begin to decline over the next few months, but should stabilize or rebound by summer or toward 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 Southeast La Mirada Area will do well this year.  

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 a low-key informative conversation. 2. You won’t regret your decision. 

Why not use the Best?

Ty Sutherland has over 30 years of experience in selling La Mirada homes for top dollar

Firstteam Real Estate is #1 in selling homes for top dollar in Southern California, for the last 15 years

Call, text, or email me.

Cell 714 342-7270

Email tysutherland@firstteam.com

A map of current active listings and sales in Southeast La Mirada’s neighborhood for the last 12 months was used for analysis

The tables below lists the prices used in the South East La Mirada’s neighborhood analysis for the last 6 and 12 months

South East La Mirada Twenty-Four-Month: Price Graph

South East La Mirada neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings

South East La Mirada compared to the city of La Mirada and the Individual La Mirada neighborhoods

All data is from the CRMLS