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

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
Posted Friday Aug 22
( 08/22/08 06:55PM ) — Camarillo CA Real Estate Agent/ Mana Tulberg

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.

( 08/22/08 11:14PM ) — San Diego Real Estate Voice authored by William Johnson GRI CRS e-PRO

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.

( 08/22/08 11:39PM ) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

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.

( 08/23/08 07:27AM ) — Teri Eckholm, REALTOR® Anoka County Acreage & Lakeshore Homes

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?

( 08/23/08 10:00AM ) — Bill Gassett 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.

( 08/23/08 10:19AM ) — Pasadena CA Real Estate - Irina Netchaev

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.

( 08/28/08 12:42AM ) — Mesa, Arizona Real Estate *** Teri Ellis, Broker, ABR,CRS,GRI,ePRO,MRE

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

( 09/01/08 07:16PM ) — Roberta Murphy - Carlsbad Real Estate North County San Diego Realtor

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!

( 09/01/08 10:53PM ) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

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.


 

( 09/01/08 11:09PM ) — Orange Co. Real Estate~Lynda Eisenmann, Broker-Owner, CRS,CRB,GRI,SRES, Brea, CA

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.

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