La Mirada Real Estate Market Market Trends For The Hillsboro Manors Neighborhood
Hillsboro Manors neighborhood Six And Twelve-Month Comparison
Price Summary
Over the last six months, data for this neighborhood were not calculated due to no sales.
In the Hillsboro Manors Neighborhood, prices have changed by $0 over the last 6 months. When we examine the last 12-month average, prices have decreased by $106,000. However, this decrease should reverse over the next few months when sales increase. When we compare the Hillsboro Manors Neighborhood to the other neighborhoods for which we have statistics. 0 of them had no sales the last 12 months. 6 had a decrease in their average price over the last 12 months. 7 had an increase in their average price over the last 12 months. This resulted in a citywide average gain of $21,000 over the last 12 months.
See the tables at the end of this report to see each neighborhood’s increase or decrease.
Neighborhood Forecast
Overall, the Hillsboro Mannors Area is doing very well. The price decrease is due to the poor condition of the last sale. The area's strong demand, which has always been high and is expected to remain so due to the neighborhood's appeal. This tract is similar to a tract of homes in Orange County, but at better prices than you can get in Orange County.
Prices in the area will remain strong over the next few months, and because it is a small community, prices should continue to rise. With strong demand in the city and surrounding area and a shortage of listings in this neighborhood, barring any economic problems, the Hillsboro Manors neighborhood will perform well this year.
Price Statistics
Over the last six months, data for this neighborhood were not calculated due to no sales.
Over the last 12 months, the average price for this neighborhood was $1,310,000, compared to $1,416,000 in the previous 12 months. This results in an average monthly price decrease of $106,000 for the Hillsboro Manors neighborhood over the last 12 months. As you can see from the price graph, prices in the Hillsboro Manors neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $1,310,000, and the highest was $1,310,000. This yields a price spread of $0 for the neighborhood over the last 12 months because of low sales. Normally, there would be a price difference 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, no sales were recorded in this neighborhood; therefore, no numbers were calculated.
Over the last 12 months, we have observed a 0.0 decrease in monthly sales and a 0.0 decrease in monthly listings. This is based on the last 12-month average of 0.1 sales per month and 0 listings per month, compared to the previous 12 months, which averaged 1.0 sales and 1.8 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 14 days on the market before entering escrow.
A map of current active listings and the sales in the Hillsboro Manors neighborhood for the last twelve months was used in this analysis
The table below list the prices used in the Hillsboro Manors analysis over the last six and twelve months
Hillsboro Manors Twenty-Four-Month Price Graph
Hillsboro Manor’s neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings
Hillsboro Manors compared to the city of La Mirada and the Individual La Mirada neighborhoods
All data is from the CRMLS