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Mission Viejo Real Estate Values 1/12/2014 By Tim Lorenz

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

Mission Viejo Real Estate Values 1/12/2014 By Tim Lorenz

 

This weeks Market Report for Mission Viejo and surrounding areas home values from a Mission Viejo Realtor Tim Lorenz shows that Orange County Median Prices for the resale homes were up 17.5 percent, for new homes up 14.7 percent and for resale condos up 26.7 percent. The sales volume is down for resale homes 14.7 percent and down 7.6 percent on condos and up 85.8 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are up 29.4 percent and the sales volume is down 17.6 percent.
  • Mission Viejo Zip Code 92692 sales prices are up 6.8 percent and the sales volume is up 23.2 percent.
  • Aliso Viejo sales prices are up 7.1 percent and the sales volume is down 9.7 percent.
  • Laguna Niguel sales prices are up 10.9 percent and the sales volume is down 15.3 percent.
  • Rancho Santa Margarita sales prices are up 5.5 percent and the sales volume down 13.4 percent.
  • San Clemente Zip Code 92672 sales prices are up 38.5 percent and the sales volume is down 32.2 percent.
  • San Clemente Zip Code 92673 sales prices are down 8.3 percent and the sales volume is down 36.7 percent.

I think my predictions are safe with a 10.2 percent increase year over year for 2014.  The year is off to even more home value and watch as the volume begins to increase.  It is time to have the buyers come out. 

Comments (10)

Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Tim, hopefully with the price increases you'll start to see more listings. 

Jan 12, 2014 06:36 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes Adrian I agree that will make the difference.

Jan 12, 2014 07:55 AM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Hi Tim the Orange County Register reporter Lansner had an article indicating he could see an increase in 2014.

Jan 12, 2014 07:58 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes Mark I read the article.

Jan 12, 2014 08:10 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

No doubt you're the expert on Mission Viejo real estate - informative market report!

Jan 12, 2014 07:26 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Wayne and Jean

Jan 12, 2014 11:20 PM
Roy Kelley
Retired - Gaithersburg, MD

Another good report. Home buyers need to be well prepared for the current market conditions which may include multiple contract competition for some homes.

Jan 13, 2014 04:28 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you.

Jan 13, 2014 01:12 PM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Tim  Local market stats are an important post for buyers and sellers in your market area

Jan 17, 2014 12:05 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thanks Karen I totally agree.

Jan 17, 2014 10:33 AM