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Mision Viejo Realtor Tim Lorenz, Area Market Report 3/11/2012
Mision Viejo Realtor Tim Lorenz, Area Market Report 3/11/2012
This weeks market report for Mission Viejo and surrounding areas from Mission Viejo Realtor shows that Orange County Median Prices for the resale homes were down 5.3 percent, for new homes it is up 6.0 percent and for resale condos down 16.9 percent. The sales volume is up for resale homes 10.6 percent and up 3.1 percent on condos and down 19.7 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are down 12.6 percent and the sales volume is up 14.9 percent. Mission Viejo Zip Code 92692 sales prices are down 12.4 percent and the sales volume is down 14.3 percent. Aliso Viejo sales prices are down 1.4 percent and the sales volume is up 2.0 percent. Laguna Niguel sales prices are down 0.1 percent and the sales volume is up 15.2 percent. Rancho Santa Margarita sales prices are down 29.8 percent and the sales volume is down 18.5 percent. San Clemente Zip Code 92672 sales prices are down 30.5 percent and the sales volume is up 33.0 percent. San Clemente Zip Code 92673 sales prices are down 5.6 percent and the sales volume is down 12.8 percent. The volume of property on the market is down and dropping hard. Again that is why we see such big swings in the statistics.
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