La Mirada, North La Mirada Neighborhood Twelve-Month Real Estate Market Trends
Map and Statistics of Sales Used in This Analysis
Price summary
Average price over the last 12 months: $879,000
Compared to the previous 12 months’ average price: Gain of $32,000
Highest average price for a month: $1,001,000
Lowest average price for a month: $800,000
Difference between the highest and lowest month: $201,000
Highest price home sold in the last 12 months: $1,182,000
Lowest price home sold in the last 12 months: $595,000
The $32,000 gain was $17,000 above the city average gain of $15,000 for the last 12 months. You can see how this gain compares with the other neighborhoods in the price table below. As you can see from the price graph below, prices in the North La Mirada Neighborhood have remained relatively stable over the past 12 months, with June hitting over $1 million.
The price difference in the neighborhood will be due to factors such as property condition, added square footage, an added pool, and location.
Over the past 12 months, sales averaged 2 per month, and listings averaged 7 per month. This means that 33% of available monthly listings sell. This is a very high percentage, which helps keep prices high due to the lack of available inventory each month. Also, due to limited inventory, homes in the North La Mirada Neighborhood average only 18 days on the market before going into escrow. This is considered a short time and was better than the city average of 27 days.
Neighborhood Price Forecast
Overall, North La Mirada is doing well. Demand for this area has always been strong, and prices have remained consistent with those in other areas built in the City of La Mirada’s early days. Next to this neighborhood are Home Depot, Stater Bros, and, of course, Walmart shopping centers.
Prices in the area should remain stable. With strong demand for the city and area and a shortage of listings, barring any economic problems, the North La Mirada Area will do well this year.
Do you Need a Real Estate Consultant?
Selling a home in today’s changing market is a complex process with many factors that will determine the best way for you to accomplish your goals. There will be many decisions to make throughout the home-selling process. For most people, selling their home is a substantial financial decision, so there can be substantial concern.
Let me offer you over 40 years of experience, backed by the #1 Real Estate company in Southern California, to help ease some of that concern. Take 15 minutes to show me your home, then let’s sit down so you can explain your needs and concerns, and I can answer your questions. Once I understand your needs, I can draw on my 40 years of experience and Firstteam’s resources to help you lay out a clear, concise plan we can follow to achieve them.
I will make you 2 promises. 1 No sales talk, just a professional, informative conversation. 2 You won’t regret your decision.
Call, text, or email me to start a no-obligation discussion about your home.
Cell 714 342-7270
Email tysutherland@firstteam.com