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.
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