La Habra Market Beat
November 18, 2020
By Saeed Ghaffari
What about La Habra?
A little History, Real Estate Stats, Schools and population Information
A little History
The name referred to the “Pass Through the Hills,” the natural pass through the hills to the north first discovered and used by Spanish explorers of the Portola expedition on July 30, 1769.
In 1839, when the area was part of Alta California, vast herds of cattle and horses grazed over the hills and valleys of Southern California. Mariano Reyes Roldan was granted 6,698 acres (27 km2) in that year and named his land Rancho Cañada de La Habra. In the 1860s, Abel Stearns purchased Rancho La Habra.
La Habra was founded in 1896.[8] The first post office in the town was established in 1898 in a corner of Coy’s Store at Central (now La Habra Boulevard) and Euclid Street.
The city was incorporated under general law on January 20, 1925, with a population of 3,000. The police force was organized in 1926 and employed a chief, traffic officer and patrolman. By 1928, the city was the largest avocado center in Southern California. In 1930, the first fire department building was constructed followed by the original City Hall in 1935. By 1950, the population reached nearly 5,000. The Civic Center took shape when the existing County Library was dedicated in 1966, followed by the present administration building in 1969.
For more than 70 years, La Habra was known as the city just south of La Habra Heights where the Hass avocado, of the Hass Avocado Mother Tree, was planted by Rudolph Hass in the 1920s. The fruit from this tree has since become one of the most popular avocado cultivars worldwide. The Hass Mother Tree succumbed to root rot in 2002.
Schools
La Habra has 18 schools, 14 public & 4 private.
Highest & Lowest ratings: 4 with 8 rating and 1 with a rating of 2 and a the rest in between
Population:
61,965 as of 2010 census with the median income of $61,364 and median age of 35
Attractions:
Close to downtown LA, Cypress Performing Arts Center, beaches and mountains.
Real Estate Stats
La Habra reflected one of the strongest seller markets in So Cal last week with the market action index at 93 for single family homes and 78 for condominiums.
2 bedroom 2 bath single family homes with median price of $520,475 averaged 21 days on the market., altos.re reported.
The median rent in La Habra averages $1470 for a 1 bedroom and $2950 for 4 bedroom and in between for 2 and 3 bedroom properties.
| Single Family Residence | Condominium | |
| Median Price | $748,800 | $409,350 |
| Price Per Square Foot | $414 | $363 |
| Median Rent | ||||
| 1 Bedroom | 2 bedroom | 3 bedroom | 4 bedroom | |
| Median Rent | $1,470 | $1,830 | $2,570 | $2,950 |
Single Family
Condo
For all your mortgage/real estate needs and lender/realtor referral connect with me, @saeed_ghaffari on moreandmorenetwork.com
Altos.re, bestplaces.net, themortgagereportss.com & Wikipedia
M&M NEWS
Related Articles
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023 Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS...
California Housing Market Report
California Buyers Still Can’t Afford Homes
The issue for California residential real estate remains the same. Poor affordability means that despite latent demand, buyers can’t afford the prices of homes in the Golden State. For that reason, many have left to find much cheaper homes in other states. Unemployment will likely be on the rise along with lower business profitability (tech sector continues to lay off workers) which means fewer buyers are likely for 3 to 6 months.
The stronger consumer optimism is running against sticky inflation and a likelihood the FED can’t lower interest rates. But will that discourage buyers in California? Demand is always intense in CA. No other place offers what California has, and buyers today do seem to put lifestyle at the top of their list.
5 Trends That Will Shape Luxury Real Estate in 2023
The luxury housing market, like most other real estate sectors, is adjusting to a slowdown. Affordability and home size are every bit as much on wealthy buyers’ minds as other consumers. “The reality is we are coming out of one of the best real estate markets in history,” Gary Gold, a luxury property specialist with Coldwell Banker Realty in Beverly Hills, Calif., notes in the latest Coldwell Banker Global Luxury Trends Report. “But that level of demand and price appreciation wasn’t sustainable.”
Nearly 90% of respondents to the Coldwell Banker survey say they believe the real estate market will be better than or the same as 2022 for property investment. The following emerging trends were noted in the report.