Tim Lorenz Mission Viejo Market Report 9/15/2013
This weeks Market Report for Mission Viejo and surrounding areas from a Mission Viejo Realtor Tim Lorenz shows that Orange County Median Prices for the resale homes were up 20.7 percent, for new homes up 28.3 percent and for resale condos up 23.4 percent. The sales volume is down for resale homes 1.7 percent and up 0.1 percent on condos and up 142.7 percent for new homes.
- Mission Viejo Zip Code 92691 sales prices are up 20.9 percent and the sales volume is down 11.6 percent.
- Mission Viejo Zip Code 92692 sales prices are up 17.7 percent and the sales volume is up 2.3 percent.
- Aliso Viejo sales prices are up 36.7 percent and the sales volume is down 18.1 percent.
- Laguna Niguel sales prices are up 33.2 percent and the sales volume is down 20.3 percent.
- Rancho Santa Margarita sales prices are up 12.1 percent and the sales volume is up 0.0 percent.
- San Clemente Zip Code 92672 sales prices are up 1.6 percent and the sales volume is down 8.2 percent.
- San Clemente Zip Code 92673 sales prices are up 16.9 percent and the sales volume is up 39.5 percent.
What a difference 21 days make. It is interesting to see the change in the market. Note that overall in Orange County the market prices continue to increase but the resale home is down for the first time in over a year. It is also interesting to not the big increase in the new home sales. Note the down turn in the volume of sales in the cities shown. The market is seasonally changing but it may be more than that. We will have to wait and see what is going on.
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