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“In towns and cities... there is no more important institution than the local paper.”
Warren Buffett
Property values in La Mirada have grown by more than 4.5 percent during the past year according to a recent report by the Los Angeles County Assessor’s Office.
La Mirada’s assessed value increase was $265 million, which is its highest mark ever at $6,051,859,016. The increase in value is attributed primarily to the Assessor’s adjustment pursuant to Proposition 13 and re-assessments of property that were sold prior to January 1, 2016. The new figures were part of the 2016 Assessment Roll recently released by the Assessor’s Office.
The local housing market has also remained strong. The median sale price of a single family home in La Mirada from July to October 2016 is $525,000. This represents a $40,000 (8.2 percent) increase in median sale price from 2015.
For more information, call the La Mirada Economic Development Office at (562) 943-0131.