La Mirada, CA 90638 ~ Home Sale Report ~ Market Update for July 2008 activity of single family homes and condominiums re-sales.
T
he City of La Mirada located in suburban Eastern Los Angeles County, with nearby Orange County bordering on the east side of the city. If you lived in La Mirada you would be one of approximately 50,000 residents.
Single family activity for July: Home were priced from $270,000 to $1,250,000. It should be noted of 132 homes for sale at this time only one in La Mirada is priced over one-million dollars
- 132 re-sale homes currently for sale in the city, down approximately 10% from last month 35% from the beginning of the year.
- 20 pending sales (in escrow) one-half of June sales but definitely up as compared a dozen in the beginning of 2008.
- 37 homes closed escrow, up from 24 last month and up from the beginning of 2008.
Condominium activity for July: Condo prices for the month ranged from $144,000 to $449,000.
- 27 condos are currently for sale, down from 33 and 35 in Jan. earlier this year.
- 1 pending sale, (in escrow) down somewhat from prior months.
- 3 properties closed escrow, compared to 2 last month and fewer than the beginning of 2008.
CURRENT PRICING: Per Square Foot in La Mirada for the month of July:
- Current asking prices for active listings in La Mirada ~ $302 as compared to $309 and $314 for the last months.
- Pending sales prices in La Mirada ~ $287 as compared to $287 and $294 for the last two months.
- Closed sales pricesfor preceeding 12 months ~ $323.
***The City of La Mirada has a 7.4 month supply of homes for sale, down slightly from last two months That's the length of time it would take to sell the existing inventory of homes for sale, provided sales continue at the same pace this year as in 2007, and providing no new listings enter the market place.
View the most recent La Mirada Bank Repo's for July to compare foreclosure properties and short sales for sale in La Mirada, CA.
If you lived in lovely La Mirada, CA 90638 you would be approximately:
- 27 miles from LAX ~ Los Angeles International Airport ~ Los Angeles, CA
- 23 miles from John Wayne Airport ~ Santa Ana, CA
- 36 miles from Ontario International Airport ~ Ontario, CA
- 10.5 miles from the "Happiest Place on Earth" Disneyland ~ Anaheim, CA
The city has been one of my favorites since very early in my early days in real estate. The city is also known for Biola College and the famous La Mirada Theater, home to outstanding theatrical productions.
A newer attraction for the city is "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 big fan of parks, and I think La Mirada Regional (pictured lower right) is one of the best in Southern California. Best of all, it's free of charge!
To learn 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 named 'One of the best places to live in 2007" by Money Magazine.
Preferred Home Brokers, successfully serving home buyers and sellers for more than thirty years. ~ CA DRE License #00402040.
- -Data source, SoCal MLS ~ 2008
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