La Mirada Real Estate Market Trends For The Hillsboro Knolls Neighborhood
Hillsboro Knolls neighborhood Six And Twelve-Month Comparison
Price Summary
In the Hillsboro Knolls Neighborhood, prices have declined by 0 over the last 6 months. When we examine the last 12-month average, prices have decreased by $133,000. However, this decrease should be reduced when there are more sales over the next few months. When we compare the Hillsboro Knolls Neighborhood to the other neighborhoods for which we have stats. 0 of them had no sales the last 12 months. 6 had a decrease (like this neighborhood) 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 Knolls Area is doing very well. The price decrease is attributable to current market conditions. Prices should start going up when the neighborhood has some sales. Demand is expected to remain high given 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 this neighborhood 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, barring any economic problems, the Hillsboro Knolls Area will perform well this year.
Price Statistics
Over The Last six-month data for this neighborhood were not calculated because there were no sales in the last 6 months.
Over The Last 12-months, the average price for this neighborhood was $981,000, compared to $1,114,000 for the previous 12 months. This results in an average monthly price decrease of $113,000 for the Hillsboro Knolls neighborhood over the last 12 months. As you can see from the price graph, prices in the Hillsboro Knolls neighborhood have remained relatively stable over the last 12 months. The lowest monthly average for the last 12 months was $981,000, and the highest was $981,000. This yields a price spread of $0 for the neighborhood over the last 12 months. If there was a price difference, it would 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, no sales were recorded in this neighborhood; therefore, no numbers were calculated.
Over The Last 12 months, we have observed a 0 increase in monthly sales and a 0.2 decrease in monthly listings. This is based on the last 12-months, average of 1.0 sales and 1.0 listings, compared to the previous 12 months, which averaged 1.0 sales and 1.2 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 38 days on the market before entering escrow.
A map of current active listings and the sales in the Hillsboro Knolls neighborhood for the last twelve months was used in this analysis
The table below lists the prices used in the Hillsboro Knolls neighborhood analysis for the last 6 and 12 months.
Hillsboro Knolls neighborhood Twenty-Four-Month Price Graph
Hillsboro Knolls neighborhood Twenty-Four-Month Demand Graph: Sales vs Listings
Hillsboro Knolls neighborhood compared to the city of La Mirada and the Individual La Mirada Neighborhoods
