South Orange County Market Report By Real Realtor Tim Lorenz 7/28/2013
This weeks market update for South Orange County and surrounding areas from a Mission Viejo Realtor Tim Lorenz shows that Orange County Median Prices for the resale homes were up 17.8 percent, for new homes up 10.1 percent and for resale condos up 34.5 percent. The sales volume is down for resale homes 15.0 percent and up 18.8 percent on condos and up 6.3 percent for new homes.
- Mission Viejo Zip Code 92691 sales prices are up 16.5 percent and the sales volume is down 20.3 percent.
- Mission Viejo Zip Code 92692 sales prices are up 16.8 percent and the sales volume is up 17.6 percent.
- Aliso Viejo sales prices are up 23.9 percent and the sales volume is up 11.8 percent.
- Laguna Niguel sales prices are up 42.8 percent and the sales volume is up 23.3 percent.
- Rancho Santa Margarita sales prices are up 7.6 percent and the sales volume is up 55.8 percent.
- San Clemente Zip Code 92672 sales prices are up 6.2 percent and the sales volume is up 14.3 percent.
- San Clemente Zip Code 92673 sales prices are up 24.6 percent and the sales volume is up 10.2 percent.
As I indicated last week when a lot of talking heads and reporters for the newspaper we afread the market was tanking in June and we were moving backwards, it is just not so. As you can see the market is moving very fast in price and also in the amount of sales.
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