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Mission Viejo Real Estate Market Report By Tim Lorenz 5/12/2013

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

Mission Viejo Real Estate Market Report By Tim Lorenz 5/12/2013

 

This weeks market update for Mission Viejo and surrounding areas from a Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were up 22.9 percent, for new homes up 10.9 percent and for resale condos up 29.0 percent. The sales volume is up for resale homes 8.6 percent and up 3.2 percent on condos and up 122.8 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are up 51.1 percent and the sales volume is up 34.8 percent.
  • Mission Viejo Zip Code 92692 sales prices are up 26.3 percent and the sales volume is up 18.2 percent.
  • Aliso Viejo sales prices are up 19.4 percent and the sales volume is up 32.8 percent.
  • Laguna Niguel sales prices are up 26.9 percent and the sales volume is up 21.4 percent.
  • Rancho Santa Margarita sales prices are up 28.9 percent and the sales volume is up 2.6 percent.
  • San Clemente Zip Code 92672 sales prices are up 3.5 percent and the sales volume is down 5.1 percent.
  • San Clemente Zip Code 92673 sales prices are up 18.1 percent and the sales volume is down 17.8 percent.

This is a very strong market look at the Mission Viejo sale price up 51.1 percent.  Strong showing of increase in all areas.  Sales volume up in all areas except in San Clemente 92673.

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Hi Tim as you can see only my area has a minus value of all the cities and zip codes looked at. 

May 12, 2013 11:55 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thanks for the comment Mark.  Your area was ahead of all the otheres for months.  Still a positive report.

May 13, 2013 12:32 AM
Cheryl Dickson
Retired Realtor / Retired Home Inspector - Oklahoma City, OK
Retired Realtor, GRI / Retired Home Inspector

So happy to see the sales values on the rise, Decided to get my licese again, after retiring over 10 years ago. It seems that the market if recovering a little.

May 14, 2013 12:18 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Tim,

What a difference a year makes! You're always on top of the marketing news and when it comes to Real Estate, you're the expert whom I would trust.

May 14, 2013 12:31 AM
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Tim keeping consumers updated is so important especially since the market is more competitive for buyers.

May 14, 2013 04:28 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Cheryl We are very happy values are going up.

May 15, 2013 01:12 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Patricia

Yes a year does make a big difference.

May 15, 2013 01:13 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Jennifer

I promise to keep on publishing the statistics on the area.

May 15, 2013 01:13 AM