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

Jun 16

Southeast La Mirada neighborhood Six And Twelve-Month Comparison

Price Summary

In the Southeast La Mirada Neighborhood, prices have decreased by a monthly average of $37,00 over the last 6 months. When we examine the 12-month average, prices have increased by $22,000. 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 (like this neighborhood) had a decrease in their average price over the last 6 months. 3 had an increase in its average price over the last 6 months. This resulted in a citywide average loss of $38,000 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.

Neighborhood 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.

Price Statistics

Over The Last six-months the average monthly price for this neighborhood was $948,000, compared to $911,000 in the preceding six months. This yields an average monthly price decrease of $37,000 in the Southeast La Mirada neighborhood over the last six months. As you can see from the price graph, 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 monthly price for this neighborhood was $927,000, compared to $905,000 for the previous 12 months. This yields an average monthly price increase of $22,000 in the Southeast La Mirada neighborhood over the last 12 months. As you can see from the price graph, 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. This is what happens when you take monthly numbers instead of 6 and 12 month averages. One bad month throws your numbers off.

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‍Sales Statistics

Over the last 6 months, we have experienced a 3.0 decrease in average monthly sales and a 0.03 decrease in monthly listings. This is based on the last 6-month average of 3.0 sales and 8.3 listings, compared to the previous 6 months, which averaged 6.0 sales and 8.7 listings.

In the last 6 months, homes in La Mirada have sold quickly, with an average of 30 days from listing to escrow. For the last 6 months, sales in this neighborhood have averaged 28 days on the market before entering escrow.

Over the last 12 months, we have seen a decrease of 0.2 sales per month and 0.5 listings per month. This is based on the last 12-month average of 4.6 sales and 8.5 listings, compared to the previous 12 months, which averaged 4.8 sales and 9.0 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 22 days on the market before entering escrow.

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