La Mirada Real Estate Market Trends For The North OF Foster Rd, West Of Ocaso Neighborhood
Price Summary
In the North of Foster, West of Ocaso Neighborhood, monthly average prices have increased by $32,000 over the last 6 months. When we examine the last 12-month average, prices have decreased by $49,000. These decreases should continue over the next few months. When we compare the North of Foster, West of Ocaso 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 $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 North of Foster Rd, West of Ocaso neighborhood is doing very well. The demand for this area has always been strong. It will remain so due to the neighborhood’s proximity to Regional Park, Biola University, several churches, the golf course, Benton Middle School, and La Mirada High School. Given the area's demand and the limited number of listings, prices should rise this spring or summer.
Price Statistics
Over The Last six-months the monthly average price for this neighborhood was $1,036,000, compared to $1,004,000 in the preceding six months. This results in an average monthly price increase of $32,000 in the North of Foster Rd, West of Ocaso neighborhood over the last six months. As you can see from the price graph, prices in the North of Foster Rd, West of Ocaso neighborhood have remained relatively stable over the last six months. The lowest monthly average for the last six months was $860,000, and the highest was $1,275,000. This yields a $415,000 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 $1,025,000, compared to $1,074,000 for the previous 12 months. This yields an average monthly price decrease of $49,000 for the North of Foster Rd, West of Ocaso neighborhood over the last 12 months. As you can see from the price graph, prices in the North of Foster Rd, West of Ocaso neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $860,000, and the highest was $1,275,000. This yields a $415,000 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.
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Sales Statistics
Over the last 6 months, we have observed a 0.3 increase in monthly sales and a 0.8 decrease in monthly listings. This is based on the current 6-month average of 1.0 sales and 1.4 listings per month, compared to the previous 6 months, which averaged 0.8 sales and 2.2 listings per month.
In the last 6 months, homes in La Mirada have sold quickly, with an average of 30 days before entering escrow. For the last 6 months, sales in this neighborhood have averaged 21 days on the market before entering escrow.
Over the last 12 months, we have observed a 0.2 decrease in monthly sales and a 0.5 increase in monthly listings. This is based on the last 12-month average of 1.2 sales and 1.8 listings per month, compared to the previous 12 months, which averaged 1.3 sales and 1.3 listings per month.
In the last 12 months, homes in La Mirada have sold quickly, with an average of 25 days before entering escrow. For the last 12 months, sales in this neighborhood have averaged 21 days on the market before entering escrow.
A map of current active listings and sales for North of Foster Rd and West of Ocaso over the last 12 months, used in this analysis
The table below lists the prices used in the North of Foster Rd. West of Ocaso, analysis over the last twelve months
North of Foster Rd, West of Ocaso neighborhood, Twenty-Four-Month: Price Graph
North of Foster Rd, West of Ocaso neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings
North of Foster Rd, West of Ocaso, compared to the city of La Mirada and the Individual La Mirada neighborhoods
All data is from the CRMLS