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Grand Traditions in Mission Viejo; a Market Report for the Fall Quarter

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

Since the overall market in the area has changed, the general market has more inventory and fewer purchases. If this trend continues it will become a buyer's market, causing a reduction in property values. As a specialist in the area, Tim Lorenz of Keller Williams Realty provides this market report. Giving you an accurate update and feeling of what is happening in this specific area of Mission Viejo.

Quarterly Market Update

Grand Traditions - Mission Viejo

Address

Bed

Bath

Sq. Ft.

Status

List Price

Close Date

Sale Price

23499 Ridgeway

4

2.5

3,836

Active

$919,000

  

  

23569 Sandstone

5

2.5

3,600

Back Up

$899,000

  

  

23301 Castle Rock

4

3

3,650

Sold

  

7/01/2010

$740,000

23321 Rockrose

5

3.5

3,650

Sold

  

5/11/2010

$850,000

23242 Castle Rock

4

3.5

4,253

Sold

  

5/08/2010

$850,000

23251 Castle Rock

4

3

3,100

Sold

  

7/01/2010

$876,000

Rebecca Gaujot, RealtorĀ®
Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Tim, we are in a buyers market our inventory is high and purchasing is down. Hopefully, it will turn.

Oct 19, 2010 05:46 PM
Kathy Clulow
Uxbridge, ON
Trusted For Experience - Respected For Results

Tim - Based on your earlier posts I would say that the recovery train needs some fuel for the employment engine in your area.

Oct 20, 2010 03:23 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Rebecca

I know, and I hope the market settles down.  However it cannot if we do not have jobs for people in the private sector.

Oct 21, 2010 03:08 AM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Kathy

It is almost out of gas. 

Oct 21, 2010 03:08 AM