La Mirada, CA Real Estate News

By Robert Foust, North Orange County | Fullerton Real Estate | Brea
(Foust Team Real Estate Sales, Master Certified Negotiation Expert)
Someone please tell me I am not nuts.  Yahoo is really frustrating me, and I hope it is not just me.  They have dropped me off the rankings (again - happened one time before for a day or three).  Also they sure have changed their ranking formula or something.  Many of the people who were highly ranked are now not highly ranked at all.  Major shift of what is "valued" by the search engine -- anybody got a clue.   And NO I HAVE NOT DONE ANYTHING (black hat , white hat, or any hats at all).  I watch our site standing daily to see if we are climbing or not - but major fall backs have me really puzzled.  I am sure that I am not being penalized, but I am lost for an explanation.  Any and all ideas are sought.
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada Bank Repos ~ La Mirada Foreclosure Sales Mid-Sept through Mid-October 2008. The City of La Mirada, CA is like many others in SoCal is not immune to the housing declines experienced in the the Southland.   La Mirada's current inventory of existing listings is similar to many other surrounding communities when it comes to distressed sales. La Mirada's current re-sale inventory vs. foreclosures/short sales and "traditional sales": 154 total La Mirada properties currently for sale 23  are identified as Bank Repos, almost double from prior 30 days. that number represents about 15% of the total inventory currently for sale in the city. However, when you factor in current short sale/and/or in-default  properties that total swells to approximately 49% of the current inventory. Almost ...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada, CA ~  Home Sale Report ~ Market Update for September 2008, activity of single family homes and condominiums re-sales. It was a rough month for home sellers in La Mirada, sales  declined dramatically in September compared to one month ago. While the inventory has declined, it's been ditto for home sales and prices. La Mirada, CA is 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 September: Home were priced from $299,000 to $1,095,000. It should be noted of 108 homes for sale at this time only one is priced over one-million dollars 108 re-sale homes currently for sale in the city, down approximately 30% from ...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada ~ California is a great place to call home in So-Cal.  Located just 20 miles southeast of Los Angeles this community has so much to offer singles, families and seniors alike. The citiy's name is Spanish for "The View". La Mirada may be considered a mid to small community by some, somewhere around 50,000 residents (just under 8 miles in land size) and also a college community with the nearby Biola University. The city is primarily an owner-occupied community of primarily single family homes. You could find a few condo developments here and there, yet so much of the city was developed in the 1960's when land was still in a reasonable supply. The photo on the upper right is the the La Mirada Theater for the Performing Arts offering an outstanding variety of live productions, some...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada Bank Repos ~ La Mirada Foreclosure Sales for September 2008 The City of La Mirada, CA is like many others in SoCal is not immune to the housing declines experienced in the the Southland.   La Mirada's current inventory of existing listings is similar to many other surrounding communities when it comes to distressed sales. La Mirada's current re-sale inventory vs. foreclosures/short sales and "traditional sales": 151 total La Mirada properties currently for sale (fewer than 169 for last month) ~ of which only 14 are identified as Bank Repos, slightly fewer than 15% of the total inventory. However, when you factor in current short sale/and/or in-default  properties that total swells to approximately 40% of the current inventory. That's right another 45 homes are identified as sh...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada, CA 90638 ~  Home Sale Report ~ Market Update for August 2008 activity of single family homes and condominiums re-sales. Sales are up, prices are down. La Mirada, CA is 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 August: Home were priced from $299,000 to $1,489,000. It should be noted of 120 homes for sale at this time only twp in La Mirada are priced over one-million dollars 120 re-sale homes currently for sale in the city, down approximately 10% from last month, 20% fewer than sixty days ago 35% fewer than the beginning of the year.  63 pending sales (in escrow) three times higher than prior months. 31...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada, CA 90638 ~  Home Sale Report ~ Market Update for July 2008 activity of single family homes and condominiums re-sales. The 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 escr...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada Bank Repos ~ La Mirada Foreclosures Sales for July 2008. The City of La Mirada, CA  like many others in SoCal is not immune to the housing dole-drums experienced in the Southland.  La Mirada's current inventory of existing listings is similar to many other surrounding communities when it comes to distressed sales. La Mirada's current re-sale inventory vs. foreclosures/short sales and "traditional sales": 169 total properties for sale ~ of which only 15 are identified as Bank Repos, slightly less than 9% of the total inventory. However, when you factor in current short sale properties that total swells to 40% of the current inventory. That's right another 53 homes are identified as short sales in the Multiple Listing Service. (It's most likely a few others which may not be prop...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada Home Sale Report ~ Market Update for June 2008 activity of single family homes and condominiums re-sales. The 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  June: Home were priced from $300,000 to $1,250,000.  154 re-sale homes currently for sale in the city, down approximately 25% from the beginning of the year.  40 pending sales (in escrow) definitely up as compared a dozen in the beginning of 2008. 24 homes closed escrow, up slightly from the beginning of 2008. Condominium activity for June: Condo prices for the month ranged from $160,000 to $480,000. 33 condos are currently for sale, ...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada Home Sale Report ~ Market Update for May 2008 activity of single family homes and condominiums re-sales. The 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  May: Home were priced from $300,000 to $1,200,000  148  re-sale homes currently for sale in the city, down approximately 25% from the beginning of the year.  41 pending sales (in escrow) definitely up as compared a dozen in the beginning of 2008. 20homes closed escrow, up slightly from the beginning of 2008. Condominium activity for May: Condo prices for the month ranged from $220 to $480,000. 24 condos are currently for sale, down fro...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada, California, 90638 ~ Real estate market update for  February 2008 activity of single family homes and condominiums re-sales.The City of La Mirada located  in suburban Eastern Los Angels 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 February: Home were priced from $305,000 to $1,250,000.  Average list price was $525,000 ~ Average price per square foot  $327 ~ Average days on market 96.177 re-sale homes currently for sale in the city, as compared to 165/215/216/213/216/196 prior months in chronological order. 17 pending sales (in escrow) definitely up as compared to 8/10/6/15/9/15/17/ prior months in order. 15 homes closed escrow as compared to 8/19...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada, California, 90638 ~ Real estate market update for JAN, 2008 activity of single family homes and condominiums re-sales.The City of La Mirada located  in suburban Eastern Los Angels 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 January: Single Family homes range in price this month from $325,000 to $1,350,000. 165  re-sale homes currently for sale in the city, down from  215/216/213/216/196 prior months in chronological order. 8 pending sales (in escrow)  as compared to 10/6/15/9/1 5/17/ prior months in order. 8 19 homes closed escrow as  compared to 10/12/10/ 9/15/16 prior months in order. 48 homes were removed from the market, listings either wer...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
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. 195 re-sale homes currently for sale in the city, down from 216/213/216/196 prior months in chronological order.10 pending sales (in escrow) up from 6/15/9/1 5/17/ prior months in order.19 homes closed also up in December c...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
The City of La Mirada is wonderful residential community, in suburban Los Angels County. Next door neighbors include Orange County to the east. The real estate market report for sales/market activity for November 2007 is as follows:Single family activity for November:Single Family homes range in price this month from $385,000 to $1,400,000. However only 4 homes in the city are priced over $1,000,000. 216 re-sale homes currently for sale in the city, compared to 213/Oct, 216/September 196/August and 107/July 6 pending sales, homes, down from 15/October, 9/September 5/August and 17/in July.12 homes closed escrow , compared to 10/October, 9/September, 15/August and 16/July. 46 homes were removed from the market, listings either were expired, withdrawn or cancelled compared to 40/October, 3...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada ~ California  Real Estate Market Update for October 2007The City of La Mirada is wonderful residential community located in eastern Los Angeles County. Bordering on Orange County to the to the east the city is very well located. It's one of those cities that you don't hear a lot about at times, yet it's a rock solid place. Single familyhomes begin around $400,000 to an uper end $1,500, although most are under the $1,000,000.00 range. Condominimums begin around $240,000 to $400,000.The real estate market report for sales/market activity for October 2007:Single family market activity:213 re-sale homes currently for sale in the city, compared to 216/September 196/August and 107/July 15 homes sold and currently in escrow, definitely up from 9/September 5/August and close to 17 in ...
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By Ana McKeehan
(ZipRealty)
13233 EDWARDS ROADDescription Totally turnkey home centrally located near 5, 605, & 91 freeways. Completely remodeled beauty features custom kitchen w/ birch cabinets & brand new stainless steel appliances, remodeled baths, granite fireplace, a 'real' 2 car detached garage w/ lots of storage & huge loft, new copper plumbing throughout, new electrical w/ a brand new electrical panel, new dual paned windows, beautiful Brazilian cherry wood floors, interior plantation blinds & ceiling fans in every room, spacious backyards! Interior Features Fireplace:USES WOOD ONLY, IN LIVING ROOMFloor Coverings:MARBLE, WALL TO WALL CARPET, WOODKitchen:CONVECTION OVENBedroom:MAIN FLOOR BEDROOM, WALK-IN CLOSETExterior Features Parking:DETACHED GARAGERoof Type:COMPOSITION# of Stories:2Stories Desc.:TWO LEVE...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
Mirada ~ California 90737,90638 & 90639 ~ Real Estate Market Update for September 2007 The City of La Mirada is primarily a residential community located in eastern Los Angeles Countyabout 20 miles from Los Angeles. Bordering on Orange County to the to the east the city is very well located. 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, exactly the same as last month in August.Condominmums 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 September 2007 is as follows:Single family sales activity for September:216 re-sale homes currently for sal...
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By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
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 90639Single 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 ...
Comments 14
By Lynda Eisenmann, Broker-Owner,CRS,GRI,SRES, Brea,CA, Orange Co
(Preferred Home Brokers)
La Mirada, CA 90638 The City of La Mirada is a residential community of homes with a wide variety of pricing. La Mirada is in Eastern Los Angeles County.    Current prices in the City of La Mirada for single family homes range from a low of $460,000 to  $1,600,000.  Condo pricing currently begins at $239,000 for a 1 bedroom/1 bath, 634 square feet, to $630,000  for 3 bedrooms/3 baths, 1,736 square feet. Single family activity for July 2007l:207 (up 13% from June and 27% from May) re-sale homes currently for sale in the $420,000 to $1,475,000 price range, (up 13% from June and 27% from May).17 homes sold and went into escrow, (down 15% compared to June).16 closed sales in July, down 33% from June.44 off-market single family homes, listings expired, cancelled or withdrawn in July.Condomin...
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By Ronnie Gonzales
(Family Tree Home Loans)
Borrowers are increasingly opting for less traditional loans like Option ARMs to increase long-term equity La Mirada, CA —Today’s affluent homeowners are moving further away from traditional 30- and 15-year fixed rate mortgages and instead are choosing less traditional products, like Option ARMs (adjustable rate mortgages) and interest-only mortgages to enhance their financial situations.  This trend has started catching on among educated homeowners, who are following suit in an effort to better position their financial assets.      “The percentage of financially savvy clients who choose 30-year fixed rate mortgages is very small,” states Ronnie Gonzales, a Mortgage Consultant with Family Tree Home Loans, a mortgage brokerage company based in Anaheim, CA.  “Most of my affluent clients ...
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