Area Market Report By Tim Lorenz a Mission Viejo Realtor 6/24/2012

Area Market Report By Tim Lorenz a Mission Viejo Realtor 6/24/2012

This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 1.2 percent, for new homes it is up 5.8 percent and for resale condos up 3.7 percent. The sales volume is up for resale homes 18.2 percent and up 23.8 percent on condos and down 16.5 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 7.0 percent and the sales volume is up 57.5 percent.
• Mission Viejo Zip Code 92692 sales prices are up 4.2 percent and the sales volume is up 20.7 percent.
• Aliso Viejo sales prices are up 7.9 percent and the sales volume is up 46.3 percent.
• Laguna Niguel sales prices are down 5.5 percent and the sales volume is up 5.5 percent.
• Rancho Santa Margarita sales prices are down 7.9 percent and the sales volume is up 8.0 percent.
• San Clemente Zip Code 92672 sales prices are up 7.4 percent and the sales volume is up 71.0 percent.
• San Clemente Zip Code 92673 sales prices are up 6.9 percent and the sales volume is up 5.0 percent.

There was a big drop in the new home sales this week.  The median price is still going down and the slaes volume is still going up. Mission Viejo, Aliso Viejo and San Clemente sales volume are soaring.