Mission Viejo Real Estate Market Update
This is your Mission Viejo Market Update for May 2017 for SOLD properties.
SINGLE FAMILY HOMES (not Condo/townhouse)
Minium Price $430,000
Average Price $772,480
Median Price $730,000
Maximum Price $5,875,000
Avg. Days on Market 73
CONDO / TOWN HOUSE
Minium Price $227,000
Average Price $461,551
Median Price $462,500
Maximum Price $755,000
Avg. Days on Market 66
What does this mean if you are buying a house in Mission Viejo?
Buyers need to be ready to move quickly when the right home comes onto the market. Many listings are sold within 1-3 days after they show up on the MLS. You must have your pre-qualification documentation from your lender ready to go so it can be presented to the seller with the offer. Because there will likely be multiple offers, your offer package has to stand out. Don't bother with low ball offers; you will get shuffled to the bottom of the pile!
What does this mean if you are selling a house in Mission Viejo?
Sellers should be prepared to make your home available as soon as it hits the market. Get your repairs, cleaning and de-junking done before you list your home. Begin your packing process by removing extra furniture and personal items from your home. Know what your bottom line is and be ready to accept an offer within a few days. Have a plan in place to move out in case you get a great, all-cash, close in 7 days offer!
These statistics are from the CRMLS database for the last 3 months
Comments(0)