5/08/2016 Home Values In Mission Viejo 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 6.3 percent, for new homes down 2.4 percent and for resale condos up 8.8 percent. The sales volume is down for resale homes 7.4 percent and down 2.0 percent on condos and up 17.5 percent for new homes.
- Mission Viejo Zip Code 92691 sales prices are up 3.8 percent and the sales volume is down 32.9 percent.
- Mission Viejo Zip Code 92692 sales prices are up 5.4 percent and the sales volume is down 15.8 percent.
- Aliso Viejo Zip Code 92656 sales prices are up 8.6 percent and the sales volume is down 3.3 percent.
- Laguna Niguel Zip Code 92677 sales prices are up 1.5 percent and the sales volume is up 14.4 percent.
- Rancho Santa Margarita Zip Code 92688 sales prices are 21.6 percent and the sales volume down 26.3 percent.
- San Clemente Zip Code 92672 sales prices are up 20.7 percent and the sales volume is down 52.7 percent.
- San Clemente Zip Code 92673 sales prices are up 5.8 percent and the sales volume is up 7.1 percent.
If we honestly look at the numbers they tell us that the market is smaller. Fewer people want to buy or sell. Having said that the buyers outnumber the sellers and the prices are continuing to increase with a lot of multiple offers.
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