Mobile Home For Sale Garden Grove CA

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Garden Grove is a city in the northern part of Orange County, California, located roughly 37 miles south of Los Angeles. With an estimated population of 176,902 people according to 2020 estimates, this city is the sixth-largest city in Orange County and the 24th most populous city in the whole of California.

Garden Groves median household income is $70,315, which is higher than the statewide average. It is a largely diverse community, with reported Caucasian, Latino, Vietnamese, and other ethnic minorities making up the largest part of the population.

Garden Grove is known for having a hot real estate market. Despite a decrease in sales in the fourth quarter of 2020 due to the pandemic, demand in the area has still seen a steady increase since last year. The median sale price for all types of homes, including mobile homes, in Garden Grove is $722,400, which is an increase of 8.1% year-over-year. The median list price is $740,500, which is an increase of 10% compared to the same time last year.

As of 2021, there are currently 61 mobile homes for sale in Garden Grove, California. This is an increase of 8.3% compared to last year. The median sale price for mobile homes is $234,900, which is a decrease of 1.3% compared to the previous year.

Furthermore, the average days on market (DOM) for mobile homes is 29 days, which is a decrease of 18.8% compared to the same time last year. It is important to note that the average DOM can vary greatly from park to park. For example, homes in All American have an average DOM of 45 days, while homes in Garden River Mobile Home Park have an average DOM of just 16 days.

The mobile home market in Garden Grove has had an interesting history. Mobile homes first began appearing in the area in the early 1970s, and as the population of the city increased, so too did the demand for mobile homes. This led to a proliferation of mobile home parks within the city, with the most famous being All American Mobile Home Park.

In recent years, however, there has been a great deal of controversy surrounding the mobile home market in Garden Grove. In 2018, the city council proposed a plan to close down several of the mobile home parks, due to concerns that the parks were not meeting certain housing standards. This plan was eventually put on hold, but controversy still persists in the area today.

As the housing market in Garden Grove continues to heat up, there is an increasing demand for mobile homes. There is also a trend towards renting out mobile homes, as more and more people are looking for affordable housing options. Furthermore, there is a trend towards renovating older mobile homes, as this can be an affordable way to upgrade the home without relying on new construction.

Despite the fact that the mobile home market in Garden Grove is currently quite active, there are still potential pitfalls to consider when investing in the area. For instance, it is important to be aware of the potential for controversy and resistance from local city councils. Furthermore, mobile home parks may not always meet city standards, which could lead to costly repairs and upgrades that would need to be made in order for your investment to be successful.

The mobile home market in Garden Grove is an interesting one that has experienced a great deal of ups and downs over the years. But despite the potential pitfalls and controversies, the market still remains active and offers potential investors with many opportunities for success. Investors should consider the historical context, popular trends, and potential pitfalls before making any investments in the area.

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