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.
Condominium activity for December: Condo prices for the month ranged from $199,000 to $519,000.
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:
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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Lynda, Broker-Owner, serves So-Cal in real estate. Her focus is about serving her clients, vs. doing deals. Lynda's built a strong following of personal referrals, the basis of her entire company.
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Lynda - you always do such a nice job on your market reports - data, photos, information. Great for buyers and sellers.
Jeff
Hey Jeff ~ Thanks so much, btw, any typos?
Lynda, looks like La Mirada is doing well. Days on the market is not extensive and properties are moving. What an excellent job in capturing this activity for your market!
Lynda- Nice looking graph.. inventory seems to be down all over. it's hard to have a run on the market with no inventory..
Hi Irina ~ Thanks for the visit. Actually La Mirada had a good Dec. of activity.
Kaye ~ Thank you, we had a pretty healthy Dec.
Lynda--Overall the market doesn't seem to be too far down in the La Mirada area. Lots of activity in December compared to 2006. Though the average sales price is down a bit, the market still appears pretty strong. Wonderful report! I am certain it will be helpful to all looking to buy and sell in the area in 2008!
Lynda - The charts in this market report are very helpful in giving people a good picture of what is happening in your local market....excellent work!
Hi Teri ~ You're right. The year end numbers show about a 7% decline in prices year-to-year and the number of sales has fallen off about 22% from 2006.
Bill ~ Thank you.
I'm with Jeff...you are detailed to the max with stats, info and the rest.