La Mirada ~ California 90638 ~ Real estate market update for December 2007 activity of single family homes and condominiums.
December was a very active month for real estate in the City of La Mirada located in suburban Eastern Los Angels County, with nearby Orange County bordering on the east side of the city. 
The real estate market report for sales/market activity for December 2007 is as follows:
Single family activity for December: Single Family homes range in price this month from $385,000 to $1,350,000. However only 4 homes in the city are priced over $1,000,000.
- 195 re-sale homes currently for sale in the city, down from 216/213/216/196 prior months in chronological order.
- 10 pending sales (in escrow) up from 6/15/9/1 5/17/ prior months in order.
- 19 homes closed also up in December compared to 12/10/ 9/15/16 prior months in order.
- 36 homes were removed from the market, listings either were expired, withdrawn or cancelled, fewer than prior months as compared to 46/40/36/39/ prior months in order.
Condominium activity for December: Condo prices for the month ranged from $199,000 to $519,000.
- 30 condo/town-homes for sale in Dec., compared to 35/48/47/40/40 respectively in prior months.
- 4 pending sales, (in escrow) compared to 4/2/1/ 0/5/7/ in prior months.
- 5 properties closed escrow, compared to 2/ 1/1/15/15 for prior months.
- 8 condos were removed from the market, listing either expired, withdrawn or cancelled as compared to 13/8/6 in prior months.
Dec. Closings 2007 - Single Family ~ 19 Properties Found | ||||||||||
| Bedrooms | Baths | Square Feet | List Price | LP/SqFt | Sale Price | SP/SqFt | SP/LP | SP/OLP | DOM |
Min | 3 | 1.5 | 1070 | $ 400,000 | $ 279 | $ 390,000 | $ 254 | 90% | 85% | 2 |
Avg | 3 | 2.00 | 1527 | $ 517,552 | $ 349 | $ 501,810 | $ 339 | 97% | 93% | 62 |
Max | 4 | 3 | 2802 | $ 828,000 | $ 434 | $ 805,000 | $ 426 | 102% | 102% | 158 |
Dec. Closings 2006 - Single Family ~5 Properties Found | ||||||||||
| Bedrooms | Baths | Square Feet | List Price | LP/SqFt | Sale Price | SP/SqFt | SP/LP | SP/OLP | DOM |
Min | 3 | 1 | 1085 | $ 499,000 | $ 278 | $ 499,000 | $ 279 | 95% | 87% | 23 |
Avg | 3 | 2.00 | 1464 | $ 555,380 | $ 387 | $ 550,720 | $ 385 | 99% | 96% | 75 |
Max | 5 | 3 | 2182 | $ 779,900 | $ 506 | $ 774,000 | $ 513 | 102% | 101% | |
Dec. 2007 Closings - Condos - 5 Properties Found | ||||||||||
| Bedrooms | Baths | Square Feet | List Price | LP/SqFt | Sale Price | SP/SqFt | SP/LP | SP/OLP | DOM |
Min | 1 | 1 | 808 | $ 299,999 | $ 255 | $ 300,000 | $ 253 | 95% | 86% | 0 |
Avg | 2 | 2.00 | 1277 | $ 408,779 | $ 332 | $ 399,380 | $ 325 | 98% | 95% | 48 |
Max | 3 | 2.5 | 2016 | $ 514,900 | $ 402 | $ 511,900 | $ 402 | 100% | 100% | 105 |
Dec. 2006 Closings - Condos - 7 Properties Found | ||||||||||
| Bedrooms | Baths | Square Feet | List Price | LP/SqFt | Sale Price | SP/SqFt | SP/LP | SP/OLP | DOM |
Min | 1 | 1 | 634 | $ 239,000 | $ 318 | $ 226,000 | $ 298 | 94% | 90% | 8 |
Avg | 2 | 2.00 | 1058 | $ 372,392 | $ 357 | $ 363,992 | $ 349 | 97% | 95% | 53 |
Max | 3 | 2.5 | 1525 | $ 485,000 | $ 400 | $ 475,000 | $ 392 | 101% | 101% | 126 |
2007 ~ Combined Closings ~ Single Family & Condos ~ 324 Properties | ||||||||||
| Bedrooms | Baths | Square Feet | List Price | LP/SqFt | Sale Price | SP/SqFt | SP/LP | SP/OLP | DOM |
Min | 1 | 1 | 634 | $ 238,000 | $ 246 | $ 230,000 | $ 236 | 88% | 77% | 0 |
Avg | 3 | 2.00 | 1488 | $ 544,199 | $ 373 | $ 531,922 | $ 365 | 97% | 95% | 65 |
Max | 6 | 5 | 3635 | $ 1,399,000 | $ 535 | $ 1,230,000 | $ 513 | 103% | 160% | 389 |
Dec 2006 ~ Combined Closings ~ Single Family & and Condos ~ 415 Properties | ||||||||||
| Bedrooms | Baths | Square Feet | List Price | LP/SqFt | Sale Price | SP/SqFt | SP/LP | SP/OLP | DOM |
Min | 1 | 0 | 634 | $ 239,000 | $ 273 | $ 226,000 | $ 0 | 86% | 80% | 0 |
Avg | 3 | 2.00 | 1492 | $ 577,361 | $ 394 | $ 570,947 | $ 388 | 98% | 97% | 48 |
Max | 5 | 5.5 | 4450 | $ 1,495,000 | $ 527 | $ 1,370,000 | $ 523 | 112% | 168% | 282 |
If you lived in La Mirada you would most likely be one of approximately 50,000 residents and you would be:
- 27 miles to LAX ~ Los Angeles International Airport
- 23 miles to John Wayne Airport 36 miles to
- Ontario International Airport
- 10.5 miles to the "Happiest Place on Earth" Disneyland
La Mirada is a wonderful community known for many things including nice homes on beautiful tree-lined streets. It's been one of my favorites since very early in my real estate career. The city is also know for Biola College and the famous La Mirada Theater. The newest attraction just opened, "SPLASH" the acquatics park, this is an amazing place you have to see for yourself! What fun, it's located on 18 acres of the La Mirada Regional Park. Personally, I'm a huge fan of parks, and I think La Mirada Regional is one of the best in Southern California, best of all, it's free of charge.
If you're interested in finding out more about real estate if the great City of La Mirada, contact me, Lynda@PreferredHomeBrokers.com or visit my Living In La Mirada and see why La Mirada was also ranked as 'One of the best places to live in 2007" Money Magazine.
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