La Mirada Real Estate Market Trends For The Hillsboro Collection Neighborhood
Hillsboro Collection neighborhood Six And Twelve-Month Comparison
Price Summary
When we examine the last 6-month average, prices have increased by $120,000. This increase should hold steady over the next few months. When we compare the neighborhoods for which we have stats. None of them had 0 sales in the last 12 months. 6, including this one, had a decrease in their average price over the same period. 7 of them had an increase in their average price over the last 12 months. This resulted in a city-wide average loss of $21,000 over the last 12 months. This amount has begun to decline as we add new months and drop older ones from the average. Like most cities in the surrounding area, La Mirada prices are going down. However, the Hillsboro Collection neighborhood should remain stable or even experience further price increases.
See the tables at the end of this report to see each neighborhood’s increase or decrease.
Neighborhood Forecast
Overall, the Hillsboro Collection neighborhood is doing very well. The price increase is attributable to a strong neighborhood market. The neighborhood's historically high demand is expected to remain high given its appeal. We could have the next sale in this neighborhood go higher. It is one of the few exclusively gated tracts in the City of La Mirada, with only 213 homes in the Collection Area. 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 neighborhood will remain strong over the next few months, and because it is a small, exclusive community, they should continue to rise. With strong demand for the city and the neighborhood and with a shortage of listings, barring any economic problems, the Hillsboro Collection neighborhood will do well this year.
Price Statistics
Over the last six months, the average monthly price in this neighborhood was $1,530,000, compared to $1,429,000 in the previous six months. This has resulted in a $101,000 average monthly price increase in the Hillsboro Collection neighborhood over the past six months. As you can see from the price graph, prices in the Hillsboro Collection neighborhood have remained relatively stable over the last six months. The lowest monthly average over the last six months was $ 1,470,000, and the highest was $1,590,000. This yields a $120,000 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 monthly price in this neighborhood was $1,530,000, compared to $1,429,000 in the previous 12 months. This yields an average monthly price increase of $101,000 for the Hillsboro Collection Neighborhood over the past 12 months. As you can see from the price graph, prices in the Hillsboro Collection Neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $1,470,000, and the highest was $1,590,000. This yields a $120,000 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 seen a 0.0 increase in sales per month and a 0 increase in listings per month. This is based on the last 6-month average of 1.0 sales and 1.0 listings per month, compared to the previous 6 months, which averaged 1.0 sales and 1.0 listings per month.
In the past 6 months, homes in La Mirada have sold quickly, with an average of 30 days before entering escrow. For the past 6 months, sales in this neighborhood have averaged 182 days on the market before entering escrow.
Over the last 12 months, we have observed a decrease of 0.0 in monthly sales and 0.1 in monthly listings. This is based on the last 12-month average of 1.0 sales and 1.0 listings, compared to the previous 12 months, which averaged 1.0 sales and 1.1 listings.
In the past 12 months, homes in La Mirada have sold quickly, with an average of 25 days before entering escrow. For the past 12 months, sales in this neighborhood have averaged 100 days on the market before entering escrow.
A map of current active listings and the sales in the Hillsboro Collection neighborhood for the last twelve months was used in this analysis.
The table below lists the prices used in the Hillsboro Collection neighborhood analysis over the last six and twelve months.
Hillsboro Collection neighborhood Twenty-Four-Month Price Graph
Hillsboro Collection neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings
Hillsboro Collection neighborhood compared to the city of La Mirada and the Individual La Mirada neighborhoods.
All data is from the CRMLS