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LA HABRA HEIGHTS, CA 90631 ~ Home Sale Report ~ July 2008 Activity

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Real Estate Broker/Owner with Preferred Home Brokers 00402040

LA HABRA HEIGHTS, CA 90631 ~  Home Sale Report ~ Market Update for July 2008 activity of single family homes in the city.

The City of La Habra Heights, (not to be confused with La Habra)  CA 90631 located  in suburban Eastern Los Angeles County, with nearby Orange County bordering on the east side of the city. If you lived in the estate community of La Heights you would be one of approximately only 6,000 residents.

All re-sale  activity for  July: Homes were priced from $469,0000 for a one-bedroom, one-bath, 594 square feet built in 1946 on more than 2 acres. Then compare that to a custom view estate of 5,850 square feet also 2+ acres for $3,950,000.

  • 63 re-sale homes are currently for sale in the city of La Habra Heights
  • Homes were priced from $469,0000 for a one-bedroom, one-bath, 594 square feet built in 1946 on more than 2 acres. Then compare that to a custom view estate of 5,850 square feet also 2+ acres for $3,950,000.
  • 1 pending sales (in escrow) in July with an asking price of $1,375,000. the beginning of 2008. (It ironic to note that this property was on the market for more than 400 days and ultimately had 3 offers at the end). Only in the wonderful world of real estate, right?
  • 3 homes closed escrow in the month priced from $550,000 to $650,000 

CURRENT PRICING: Per Square Foot in La Habra Heights for the month of July:

  • Current asking prices for active listings in La Habra Heights ~ $400.00
  • Pending sales prices in the city  ~  $304.00
  • Closed sales pricesfor preceeding 12 months ~ $343.00

***The City of La Habra Heights  has a 16.3  months supply of homes for sale,  one of the highest around. 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.

If you lived in lovely La Habra Heights, CA 90631 you would be approximately:

Preferred Home Brokers, successfully serving home buyers and sellers for more than thirty years. ~ CA DRE License #00402040.

  • -Data source, SoCal MLS ~ 2008

Comments(10)

Mana Tulberg
805 County Real Estate - Camarillo, CA
Real Estate Agent - Camarillo CA

Lynda, Sounds like La Habra Heights has a variety of homes to offer home buyers. Also, it looks like homes no matter where they are located, in the lower price range are moving faster than the more expensive homes.

Aug 22, 2008 11:55 AM
William Johnson
Retired - La Jolla, CA
Retired

Hi, I was about to say almost the same thing as Mana. It is interesting that the pending are averaging lower than the previous solds. Maybe some sellers just want to get the deal done and move on before Fall. BTW, I love Picnik. I guess you noticed that I am putting copyright on my pictures with my web address. That way if anyone uses them, maybe I will get the lead,lol.

Aug 22, 2008 04:14 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Mana ~ You're right, the entry level for La Habra Heights has been bigger sellers. However the only pending is over 1.2 million.

William ~ Yes I've noticed your copyright, good for you.

Aug 22, 2008 04:39 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--Another very good market update! Loved this: (It ironic to note that this property was on the market for more than 400 days and ultimately had 3 offers at the end). Certainly the story of our times today isn't it?

Aug 23, 2008 12:27 AM
Bill Gassett
RE/MAX Executive Realty - Hopkinton, MA
Metrowest Massachusetts Real Estate

Hi Lynda -  "The City of La Habra Heights  has a 16.3  months supply of homes for sale"  - WOW that is quite a bit of inventory! Hopefully the market starts to improve. The market is similar out here but we don't have that much inventory.

Aug 23, 2008 03:00 AM
Irina Netchaev
Pasadena Views Real Estate Team, Inc. - Pasadena, CA
Pasadena CA Real Estate

Wow Lynda, your pending sale with multiple offers just confirms that real estate is sometimes all about timing!

16.9 months of inventory in La Habra, that's pretty indicative of a HOT Buyer's market.  It's also interesting to note that the pending price per square foot is so much lower than the solds.  Looks like buyers are truly finding great deals out there. 

You always put out such informative market reports.  I thoroughly enjoy reading them and following individual areas.  What a great La Habra resource for buyers and sellers alike.

Aug 23, 2008 03:19 AM
Mesa, Arizona Real Estate Mesa Arizona Realtor
Homes Arizona Real Estate LLC - Mesa, AZ
AzLadyInRed

Hi Lynda, it is so interesting to see what's going on in California....it's always the leader in our southwest portion of the country. First California, then Las Vegas, then us, then New Mexico, Texas. ;-)

Pepper

Aug 27, 2008 05:42 PM
Roberta Murphy
San Diego Previews Real Estate - Carlsbad, CA
Carlsbad Real Estate and Homes

Lynda,

We used to live in La Habra Heights at 1594 Cypress Ave. It was tough to sell then (1990) and would be the same today. I miss all the avocados, macadamia nuts and the smell of orange blossoms!

Sep 01, 2008 12:16 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Teri ~ You're right, after 400 days 3 offers all about about the same time.

Bill & Irina ~ Yes, those are/were the MLS stats, it's pretty much the price point for the area.

 

Sep 01, 2008 03:53 PM
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

Hi Teri ~ Good to hear from you, I agree with your thought process.

Roberta ~ You know I remember you telling me about that. La Habra Heights is such a neat place, I love it myself.

Sep 01, 2008 04:09 PM