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949 874-2247 Mission Viejo Property Values By Tim Lorenz 5/18/2014

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

949 874-2247 Mission Viejo Property Values By Tim Lorenz 5/18/2014

 

This weeks report on home values for Mission Viejo and surrounding areas homes is prepared by a Mission Viejo Realtor Tim Lorenz shows.  The report shows the Orange County Median Prices for resale homes were up 8.3 percent, for new homes up 15.3 percent and for resale condos up 8.3 percent. The sales volume is down for resale homes 11.6 percent and down 5.5 percent on condos and up 32.3 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are up 5.7 percent and the sales volume is down 13.0 percent.
  • Mission Viejo Zip Code 92692 sales prices are up 7.3 percent and the sales volume is down 7.2 percent.
  • Aliso Viejo sales prices are up 13.6 percent and the sales volume is down 32.2 percent.
  • Laguna Niguel sales prices are down 3.2 percent and the sales volume is down 38.3 percent.
  • Rancho Santa Margarita sales prices are up 5.1 percent and the sales volume down 7.1 percent.
  • San Clemente Zip Code 92672 sales prices are up 11.1 percent and the sales volume is up 19.4 percent.
  • San Clemente Zip Code 92673 sales prices are up 2.8 percent and the sales volume is down 28.3 percent.

 

Data Quick put out a report for 6 Southern California Counties have had seven straight months of year over year were down 6.6 percent.  However, the market I believe has turned and we will be doing fine as we go forward.   

 

For more info go to:

http://orange.uplog.org/?p=117

 

Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Hi Tim

Another well regarded statistical analysis of the area.  Thank you.

May 18, 2014 01:41 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Hi Tim,

Great market report!  It's always nice to see what's going on in other markets.

May 18, 2014 04:43 AM
David Saks
Memphis, TN
Broker / Industry Analyst

Great information. Great report. Thanks for sharing. Have a fine day.

May 18, 2014 05:25 AM
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

I can only guess that while prices are rising if sales are slowing that prices may catch up soon. Just a guess but time will tell.

Enjoy your wkd Tim

May 18, 2014 05:58 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Mark.

May 18, 2014 08:03 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Wayne and Jean you are too kind.

May 18, 2014 08:05 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thanks David Saks.

May 18, 2014 08:07 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes we need more time to get a clear picture.

May 18, 2014 08:08 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Tim, surprised to see sales are down 6.6%, would have thought your market was in a Seller's market.

May 19, 2014 09:46 PM
Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

Nice update on the Mission Viejo real estate market, Tim Lorenz.  Just get a few of those numbers up and it will be perfect!

May 20, 2014 12:14 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hi Joan

I know Joan but those are the statistics.

 

May 20, 2014 10:15 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Don

May 20, 2014 10:15 AM
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

Tim, thank you for sharing the market report.  Yes, we will be doing fine as we go forward.

May 22, 2014 01:43 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Always glad to share with others.  LOL  Have a great week Regina.

May 22, 2014 01:54 PM
Stacey Williams
Alpharetta, GA
Experienced Metro Atlanta Real Estate Agent

Tim is great information for the consumers in your area. You are a great resource and know your market.

May 25, 2014 01:59 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Stacey.

May 25, 2014 02:26 AM