La Mirada Real Estate Market Update June 2023

June witnessed the sale of a total of 32 single-family homes, with a median price standing at approximately $902 thousand. This reflects a 4.9% increase compared to the previous year. Additionally, sellers in La Mirada received 103.7% of their original list price in June, marking a 2.3% increase from the previous year. It is worth mentioning that the arrival of new listings in the market reduced significantly, with only 33 new single-family homes entering the La Mirada market in June. This represents a decline of 2.9% in comparison to the previous year. Consequently, the scarcity of available properties is steadily stabilizing prices. However, the higher rates are also impacting potential buyers, making it more challenging for them to qualify and afford housing.

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East Whittier Gem: 3 Bed, 2 Bath Pool Home on a Spacious Lot with Upgraded Features.

If you're in the market for a new home, you won't want to miss out on this East Whittier gem. Located in one of the most desirable neighborhoods in the area, this 3 bed, 2 bath pool home is the perfect blend of style, comfort, and luxury. Boasting a spacious lot and upgraded features, every detail of this house has been carefully thought out to provide the ideal living experience. From the stunning backyard oasis complete with a sparkling pool and lush landscaping, to the modern and stylish interior, this home is sure to impress. Whether you're looking for a place to raise a family or simply want to enjoy the Southern California lifestyle, this East Whittier gem is the perfect place to call home.

Stunning East Whittier Gem

What a wonderful chance to acquire a pool home in East Whittier just in time for summer! This stunning property is move-in ready and is situated on a spacious lot, covering almost 7,000 SqFt, surrounded by a lovely backyard that offers complete privacy and a well-sized front yard for early morning and late evening enjoyment. An oversized, attached 2-car garage with direct entrance is also included, as well as a workshop located in the covered side yard. As soon as you step into this beautiful home, you will admire the naturally lit open floor plan owing to the abundance of windows. Additionally, you will be fascinated by the custom cabinetry with quartz counters, tile flooring and recess lighting with skylight in the remodeled kitchen. Exiting the kitchen, you will walk into the open living room and will be delighted to discover the bonus room with a grand window and double door that grants easy access to the entertaining backyard which is cleverly enclosed by newly installed vinyl fencing surrounding the property. Moreover, this superb property has central air & heat, dual pane windows, newer roof, culligan soft water system, copper plumbing and many other features. It is conveniently located near many remarkable restaurants, shopping opportunities and high-quality schools, therefore, don't hesitate to seize the opportunity!

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Click here for the full property Details. If you would like to schedule a private showing please call us at (800)-431-7942 to schedule. 

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Who you choose to work with matters...

There is no question the real estate market has had rumors of a major slowdown in light of interest rates continuing to rise. The interesting part about the market right now is the low inventory we are seeing across Southern California. When you work with the right real estate team these are the results you can expect let me explain. The median price for a single-family home in Garden Grove in April was $895,000 (See Graph Below), with an average days on market of 26 days (See Graph Below! 

Median Price For Single Family Homes in Garden Grove

Average Days on Market for a Single Family Home in Garden Grove

Our Property was listed for $850K & Sold For $920K

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Our listing outperformed the market in price and in days on the market. Most sellers want to sell their homes for the most amount of money in the least time with no hassle. Geoff Luna & Geoffrey Luna of The Cartur Group based in Southern California held the listing. If you are considering selling here is how you can reach out.  

7 Reasons Why Rowland Heights is a Great Area....

1. Location: Rowland Heights is conveniently located in the San Gabriel Valley, providing easy access to major highways like the 60, 57, and 10 freeways. This makes it easy to get to neighboring cities like Los Angeles, Anaheim, and Pasadena.

2. Top-Rated Schools: Rowland Heights is home to some of the best schools in the area, including Rowland Unified School District, which consistently ranks high in statewide rankings. This makes it a great place for families with children.

3. Diverse Community: Rowland Heights has a diverse population, making it a welcoming community for people of all backgrounds. This creates a vibrant and inclusive environment that many people find attractive.

4. Beautiful Parks: Rowland Heights has several beautiful parks, including Pathfinder Community Regional Park and Schabarum Regional Park. These parks provide ample space for outdoor activities like hiking, biking, and picnicking.

5. Shopping and Dining: Rowland Heights has plenty of options for shopping and dining, including the popular Puente Hills Mall and the Rowland Heights Plaza. There are also many restaurants offering diverse cuisine, from Chinese and Korean to Mexican and Italian.

6. Cultural Attractions: Rowland Heights is home to many cultural attractions, including the Hsi Lai Temple, which is one of the largest Buddhist temples in the Western Hemisphere. There are also several museums and galleries in the surrounding area.

7. Strong Economy: Rowland Heights has a strong economy with many job opportunities, particularly in healthcare and education. This makes it an attractive place for professionals looking for a career in these industries.

Overall, Rowland Heights is a great place to live with its convenient location, top-rated schools, diverse community, beautiful parks, shopping and dining options, cultural attractions, and strong economy.

This property has so much potential...

Situated on a quiet street in the heart of the Pathfinder neighborhood located in Rowland Heights, this single family property has so much potential. This home features 3 bedrooms, 2 baths with nearly 1,400 SqFt of living space on a 6,000 SqFt plus lot. There are many features this property has to offer such as 2 car garage, solar, new carpet, upgraded electrical panel, central air & heat, and so much more. This property is also conveniently located to the 60 Freeway, shopping, restaurants, and hiking trails. Rowland Heights also has very good schools which is an attractive selling point for many growing families. Do not miss out on this amazing opportunity!

This property is being offered at $659,888. Here is how to get in touch if you are interested.

The Listing is held by Geoff Luna & Geoffrey Luna of The Cartur Group brokered by eXp Realty. They specialize in helping experienced and new buyers and sellers reach their real estate goals. If you want more information on this property please call (800)-431-7942.

Just Listed in La Puente

Welcome to 636 Ruthcrest Ave located in La Puente California just 30 minutes from downtown LA. This move in ready home will be sure to impress you from its good sized bedrooms, remodeled kitchen and bathrooms, and large lot. As you approach the home you will love the fresh landscape and great curb appeal this property has to offer. This property is equipped with 2 Car attached garage, central air & heat, dual pane windows, and so much more! This property is also close to freeways, hiking/biking trails, shopping, golf course, restaurants just to name a few.

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Amazing Remodel

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La Puente Market Conditions

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"Move-In Ready" Located in a private gated Community

Are you looking for a newly built move in ready single family home in the South Bay? Look no further this property will be sure to check all your boxes if you are looking to be close to the South Bay Beaches & DTLA!

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Welcome to 16819 Grace Lane located in the private gated community of Asher Pointe which features just 21 Single Family Homes centrally located to some of Southern California’s most popular visits. Being just 15-20 min from the beaches across the South Bay, LAX, DTLA, Shopping & Restaurants and much more, the location of this move in ready home is just one thing to love about this recently built (2019) private community not to mention the LOW HOA DUES. This move in ready home features nearly 2,700 SqFt of living space and features from recess lighting, waterproof vinyl floor, Surround Sound, Quartz Counters, Beautiful Kitchen & Bathrooms, Dual Pane windows, Tankless Water Heater, Indoor Laundry, 2 Car Garage, Concrete Tile Roof, Central Air & Heat, Solar Panels, and so much more! 

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This Week Vs. Last Week Mortgage Rates

Historical Mortgage Rate Chart

Purchasing a home is a serious matter, make sure you hire the right team with a proven track record...

We are seeing the market change before our eyes, now before reading all these negative headlines let's actually talk about some real numbers and some things taking place in the market right now. The one trend that has been common for quite some time is the shortage of housing which when the interest rates were at historic lows created an absolute war when it came to buying a home. This created massive amounts of competition which drove prices through the roof as shown in the graph below which shows the median sales price for a single-family home in Los Angeles, Orange, Riverside and San Bernardino Counties.

Home values have been on the rise for quite some time now, it's only logical when interest rates rise the prices change as well...

Due to the rise in interest rates, there are many buyers who cannot afford a home at the current prices (at least one they like) and there are many buyers who are on the sidelines waiting for what's gonna happen. But nonetheless, there are still buyers purchasing now and many are getting properties under asking prices along with negotiating seller concessions to help buy down their interest rate. The chart below should speak for itself 🤯.

If you are selling pricing is more important then ever in this changing market....

Days on Market Sky Rocket Throughout Southern California...

If you are considering purchasing a home in 2023 and want to negotiate the best price and receive the best terms possible, click here to contact us. If you are a seller and want some information on how to get the most money for your home and work with a team of people with a proven track record and process click here to learn more.

Median Days on Market for a Single Family Home to Sell in Whittier up 130% from a year ago

As rates continue to rise, buyers struggle to keep up with prices

The market is definitely changing around Southern California and with the interest rates expected to keep rising prices have no where to go but down. We are constantly seeing price drops across Whittier and surrounding areas. Sellers really need to do their own research and stay up to date on the changing market because even the market we saw just three months ago is not the same. 

“23 Days to sell your Whittier Home in October 2022, the highest since March 2019”

One common question that gets asked when selling a home is how do I know as the seller, I got the most for my property. The simple answer is by knowing and understanding your local area because every neighborhood is different. But the more complex answer is working with the right agent who has a proven track record! “Not Spoken Track Record”, and an actual strategy on how to address the current challenges in the marketplace today. 

Why Pricing Your Home is Important

Many home sellers experienced a crazy market the last few years in terms of demand and crazy bidding wars. If you wanted to buy a home last year chances are you had to enter into a bidding war to get the home. According to the graph above sellers in Whittier were getting over 107% of there original asking price while last month in October they received 98%. 

If you want to know what your Whittier home is really worth in this market click here.

If you are looking to sell your home and get the most money possible in this market click here. 

This Market update was brought to you by Geoff Luna & Geoffrey Luna of eXp Realty | The Cartur Group.

*All information is deemed reliable but not guaranteed

Interest Rates Affecting Buyer Pool...

There is no doubt the real estate market is in a current transition due to changing interest rates affecting buyers' buying power. At the beginning of the year, the real estate market was absolutely on fire as we can see from the graph above the median days on average to sell a single-family home in La Mirada was 11 days.  

Median % of Original List Price in Oct Drops 8% From April 2022...

It's not about what you list your home for, it's about what you sell your home for! In October the median percentage of the original list price of a home in La Mirada last month was 98.9%. What that means for simple math purposes is if you listed your home for $100K you would get 98.9K (Median). As we have seen earlier this year you would've gotten 106.9K for your property (Median).

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Thank you for viewing this article we are happy to provide you with information on the La Mirada Real Estate Market. If you want an instant valuation on your La Mirada Property click here. If you are considering selling your La Mirada Home click here.