Tim Lorenz Mission Viejo Market Report 9/22/2013
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 18.9 percent, for new homes up 23.1 percent and for resale condos up 26.7 percent. The sales volume is down for resale homes 1.2 percent and up 3.7 percent on condos and up 83.6 percent for new homes.
- Mission Viejo Zip Code 92691 sales prices are up 20.5 percent and the sales volume is up 10 percent.
- Mission Viejo Zip Code 92692 sales prices are up 18.2 percent and the sales volume is up 7.3 percent.
- Aliso Viejo sales prices are up 40.0 percent and the sales volume is down 6.9 percent.
- Laguna Niguel sales prices are up 35.5 percent and the sales volume is up 10.0 percent.
- Rancho Santa Margarita sales prices are up 14.3 percent and the sales volume is up 4.2 percent.
- San Clemente Zip Code 92672 sales prices are up 19.1 percent and the sales volume is down 0.0 percent.
- San Clemente Zip Code 92673 sales prices are up 21.0 percent and the sales volume is up 21.1 percent.
As I was reporting last week we need to wait and watch the down turn to interpreat the market. It is a very different market this week. The signs are much better this week. Again we can not get a feel from just a couple of weeks. But there was a change in the FED this last week and mortgages are not going to fly up in interest rates. Therefore, the fear that was in the market from the increase may have dispersed.
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