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La Mirada ~ California 90638 ~ Real Estate Market Update for August 2007

By
Real Estate Broker/Owner with Preferred Home Brokers 00402040

The City of La Mirada is primarily a residential community located in  Los Angeles County, adjacent to Orange County on the east. 

  • Location, Eastern Los Angeles County, approximately 20 miles   south/east of Los Angeles
  • Estimated Population 50,000
  • Land Size just under  8 miles.
  • Zip codes include 90637, 90638 and 90639
  • Single family homes in La Mirada range from a low of $399,000 for 4 bedrooms and 2 baths, approximately 1,112 square feet. Upper end properties peak at $1,500.00 for 4 bedrooms and 4 baths with 4,675 square feet.

    Condominiums and town-homes begin at $244,900 to an upper end pricing at $399,000.

    The real estate market report for sales/market activity for August 2007 is as follows:

    Single family activity for August:

    • 196 re-sale homes currently for sale in the city, compared to 107 for the month of July.
    • 5 homes sold and currently in escrow, compared to 17 for July.
    • 15 homes closed escrow in August, similar to 16 for July. .
    • 39 homes were taken off the market, or listings expired or withdrawn for the month fewer than July.

    Condominium/town-homes for August:

    • 40 condo/town-homes currently for sale, up from 40 from prior month.
    • 0 properties sold in August compared to 5 in July and 7 for June. This is the first time in years I've seen zero sales for condos in this city.
    • 15 properties closed escrow, compared to 15 July.

    La Mirada is a wonderful community known for many things including nice homes on beautiful tree-lined street. The city is also know for Biola College and the famous La Mirada Theater. To see more on the City of La Mirada check out Living in La Mirada.

    Contact me, Lynda@PreferredHomeBrokers.com or text me at 714 595-1494  for help with La Mirada real estate.

    Click here for reports for April  ~ JuneJuly

    Comments(14)

    Mana Tulberg
    805 County Real Estate - Camarillo, CA
    Real Estate Agent - Camarillo CA
    Lynda, La Mirada's home prices seem to be pretty reasonable.
    Sep 13, 2007 06:30 AM
    Celeste "SALLY" Cheeseman
    Liberty Homes - Mililani, HI
    (RA) AHWD CRS ePRO OAHU HAWAII REAL ESTATE
    Another great update by Lynda of a local community!  These prices are about what it is around our area.
    Sep 13, 2007 06:34 AM
    Teri Eckholm
    Boardman Realty - White Bear Lake, MN
    REALTOR Serving Mpls/St Paul North & East Metro
    Lynda--Great information on La Mirada. Looks like there is a lot to choose with so much inventory. Buyers should be excited with the great selection!
    Sep 13, 2007 09:31 AM
    Lynda Eisenmann
    Preferred Home Brokers - Brea, CA
    Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

    Mana ~ You're right, La Mirada is for the most part a mid-range price for Southern California.

    Sally ~ Thanks Sally for stopping by.

    Teri ~ You're right, there is a lot of inventory right now, like many other places.

    Sep 13, 2007 09:46 AM
    Cyndee Haydon
    Charles Rutenberg Realty - Clearwater, FL
    727-710-8035 Clearwater, Beach Short Sales Luxury Condos &Homes
    Lyyda - loved this La Mirada Real Estate update - the extra info about Living in La Mirada is really appreciated! 
    Sep 13, 2007 11:28 AM
    Lynda Eisenmann
    Preferred Home Brokers - Brea, CA
    Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co
    Cyndee ~ Thanks so much! You're the queen of localisn.
    Sep 13, 2007 01:23 PM
    Paula Henry
    Home to Indy Team @ HomeSmart Realty Group - Avon, IN
    Realtor - Indianapolis Real Estate - 317-605-4174
    Lynda - You put so much detail into your market reports. I forgot Biola was in La Mirada.
    Sep 13, 2007 01:42 PM
    Thom Stephenson
    Preferred Home Brokers - Brea, CA
    Lynda, Geat job on this one.
    Sep 13, 2007 02:42 PM
    Lynda Eisenmann
    Preferred Home Brokers - Brea, CA
    Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co

    Paula ~ Hi there, thanks so much for the nice comment, yes Biola is a wonderful place.

    Thom ~ Thanks!

    Sep 13, 2007 02:54 PM
    Thesa Chambers
    West + Main - Bend, OR
    Principal Broker - Licensed in Oregon
    Lynda - great info for your buyers
    Sep 13, 2007 04:03 PM
    Lynda Eisenmann
    Preferred Home Brokers - Brea, CA
    Broker Associate ,CRS,GRI,SRES, Brea,CA, Orange Co
    Thesa ~ Thank you, knowing what you do for Sunriver, OR, I really appreciate your comment.
    Sep 13, 2007 05:19 PM
    Bill Gassett
    RE/MAX Executive Realty - Hopkinton, MA
    Metrowest Massachusetts Real Estate
    Lynda - Great market report...really like your format. Have not dropped by in a while and wanted to say hello. Hope you are doing well.
    Sep 14, 2007 04:14 AM
    Stephanie Edwards-Musa
    thredUP.com - The Woodlands, TX
    knitwit at thred UP
    Hi Lynda,  I like your report for La Mirada.  Your market report post are very clean looking.  I need to work on mine.
    Sep 15, 2007 02:53 PM
    Rita Taylor
    None - Sanford, NC
    Sanford NC Real Estate - Homes for Sale in Sanford North Carolina

    Lynda,

    Nice update on the La Mirada market.  I wonder why the number on the market increased so much from July?  Your condo prices would buy a large home out this way.  Of course, we don't have all the things you have out there in California!

    Sep 17, 2007 11:05 AM