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10/26/2014 Mission Viejo Home Values By Tim Lorenz

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

10/26/2014 Mission Viejo Home Values By Tim Lorenz

 

This week’s report on home values for Mission Viejo and surrounding areas homes is prepared by a Mission Viejo Realtor Tim Lorenz.  The report shows the Orange County Median Prices for resale homes were up 4.5 percent, for new homes up 13.5 percent and for resale condos up 8.0 percent. The sales volume is down for resale homes 10.3 percent and down 11.5 percent on condos and up 22.3 percent for new homes.     

 

  • Mission Viejo Zip Code 92691 sales prices are up 6.0 percent and the sales volume is down 22.0 percent.
  • Mission Viejo Zip Code 92692 sales prices are up 0.7 percent and the sales volume is down 8.8 percent.
  • Aliso Viejo sales prices are up 4.6 percent and the sales volume is down 8.6 percent.
  • Laguna Niguel sales prices are up 0.2 percent and the sales volume is up 1.9 percent.
  • Rancho Santa Margarita sales prices are up 13.2 percent and the sales volume down 10.3 percent.
  • San Clemente Zip Code 92672 sales prices are up 16.7 percent and the sales volume is up 12.3 percent.
  • San Clemente Zip Code 92673 sales prices are down 0.0 percent and the sales volume is up 5.8 percent. 

 

This week we are seeing another big change in the market sales are way down this  a complete shift from the last week.  When the market is shifting like this there must be a big reason I said last week well I guess it was just and fluk.  Could it be that the stock market was so volitile.  We need to watch closely when the changes are so big.

Comments (15)

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

Hi Tim

I do not think I have ever seen two week changing wildly over the past two weeks.

Oct 26, 2014 04:16 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes Michael it is unusual

Oct 26, 2014 04:55 AM
MichelleCherie Carr Crowe .Just Call. 408-252-8900
Get Results Team...Just Call (408) 252-8900! . DRE #00901962 . Licensed to Sell since 1985 . Altas Realty - San Jose, CA
Family Helping Families Buy & Sell Homes 40+ Years

I have seen some strange patterns like this in Silicon Valley before, too.

Oct 26, 2014 09:26 AM
John Pusa
Glendale, CA

Tim - These are very helpful great list of stats on Mission Viejo home values.

Oct 26, 2014 10:46 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I know Michelle it is different for sure.

Oct 26, 2014 12:57 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you John.

Oct 26, 2014 12:57 PM
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Interesting catch on the possibility for why the market is off a bit. Will be interested to hear what you find out was the cause

Oct 26, 2014 01:06 PM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

Nice recap Tim Lorenz of the Mission Viejo market. Hope you have a great week.

Oct 26, 2014 01:10 PM
David Saks
Memphis, TN
Broker / Industry Analyst

Great post and terrific information. Have a real fine day ahead.

Oct 26, 2014 06:05 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hi David

I am not sure of the cause but I am looking for clues.

Oct 27, 2014 04:27 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I plan to Debbie.

Oct 27, 2014 04:28 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thanks David.

Oct 27, 2014 04:28 AM
Roy Kelley
Retired - Gaithersburg, MD

Home buyers need to be well prepared for the current market conditions and they will be in good hands when they use your professional real estate services.

Oct 28, 2014 10:04 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hi Roy thanks.

Oct 29, 2014 02:36 AM
Wayne Zuhl
Remax First Realty II - Cranford, NJ
The Last Name You'll Ever Need in Real Estate

Hi Tim,

Very thorough report of what's going on in the Mission Viejo real estate market 

Nov 08, 2014 11:52 AM