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

Jun 16

West Of Valley View Six And Twelve-Month Comparison

Price Summary

In the West of Valley View Neighborhood, average monthly prices have decreased by $34,000 over the last 6 months. When we examine the 12-month average, prices have increased by $13,000. 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 over 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 $38,000 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.

Neighborhood 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.

Price Statistics

Over The Last six-months the monthly average price for this neighborhood was $793,000, compared to $827,000 in the preceding six months. This yields an average monthly price decrease of $34,000 in the West of Valley View neighborhood over the last six months. As you can see from the price graph, 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 $760,000, and the highest was $810,000. This yields a price spread of $110,000 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 $809,000, compared to $796,000 for the previous 12 months. This yields an average monthly price increase of $13,000 in the West of Valley View neighborhood over the last 12 months. As you can see from the price graph, 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 $760,000, and the highest was $870,000. This yields a $110,000 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.

Thinking of Selling?

Start one of your biggest financial decisions with your best decision

Talk to Ty

Invest 30 minutes to put thousands of Dollars more in your pocket from the sale of your home.

All I ask is that you show me your home and let me spend 30 minutes explaining how we are different from any other company you will speak with—and how combining my resources with Firstteam that difference will get you the most value from your home sale.

I will make you 2 promises. 1 No sales talk, just a professional, informative conversation. 2 You won’t regret your decision.

With our current real estate market, now more than ever, the decision you make about who to list your property with will significantly impact the price you get for your home.

Ty Sutherland has over 40 years of experience.

Firstteam Real Estate #1 in Southern California for the last 15 years.

Call, text, or email me to start a no-obligation discussion about your home.

Cell 714 342-7270

Email tysutherland@firstteam.com

‍ ‍

Sales Statistics

Over the past 6 months, we have observed decreases of 0.1 in average monthly sales and a decrease of 0.7 in average monthly listings. This is based on the last 6-month average of 1.7 sales and 4.5 listings, compared to the previous 6 months, which averaged 1.8 sales and 5.2 listings.

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 48 days on the market before entering escrow.

Over the last 12 months, we have seen a 0.8 decrease in average monthly sales and a 0.8 decrease in monthly listings. This is based on the last 12-month average of 1.7 sales and 4.5 listings, compared to the previous 12 months, which averaged 2.5 sales and 5.3 listings.

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 37 days on the market before entering escrow.

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.