October Market Update in Grand Traditions of Mission Viejo

By
Real Estate Agent with Elite Home Sales Team OC BRE# 02066030

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, Mark Paulson 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

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California Orange County Mission Viejo Grand Traditions
Groups:
Realtors®
Everything California
Southern California Real Estate Forum
Blogs Happen...
Tags:
real estate agent
market report
mission viejo
real estate
mark paulson
grand traditions

Post a Comment
Spam prevention
Spam prevention
Show All Comments
Ambassador
1,653,271
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Mark this trend seem to be common high inventory and two few buyers.  Here is hoping this will improve.

Oct 21, 2010 03:00 PM #1
Ambassador
2,297,713
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

A great service to provide to the public with market reports.  Giving them the background info in a paragraph form prior to the statistics is great.

Oct 21, 2010 04:32 PM #2
Rainmaker
2,498,641
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

Mark same here..high inventory and not too many buyers...hopefully this will improve after the election, then again maybe not...

Oct 21, 2010 05:26 PM #3
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Jennifer you are right on the money.

Oct 21, 2010 07:36 PM #4
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Thank you Judi I apriciate  the comments.

Oct 21, 2010 07:37 PM #5
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Rebecca

I understand the solution is getting people employed.

Oct 21, 2010 07:38 PM #6
Rainer
71,580
Kevin Nash
Shorewest Realtors, Metro Milwaukee - Germantown, WI
ABR, CSRS

We are clearly in a buyer's market in metro Milwaukee. My sense here is that we should know in and around March of '11 if we're on the up swing or not.

Historically the metro area has been a large manufactoring base for over 125 years and we keep loosing jobs to the south.

Oct 27, 2010 12:56 AM #7
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

We in CA are shooting ourselves in the foot and loosing jobs.

Oct 27, 2010 03:04 AM #8
Rainmaker
642,556
Dawn A Fabiszak
Private Label Realty ( Denver metro area, Colorado - Aurora, CO
The Dawn of a New Real Estate Experience!

Elite ~ we are all going through this same thing.  Hang in there.  It will get better.....eventually

Oct 27, 2010 02:58 PM #9
Rainmaker
849,042
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

The one thing that makes a sad man happy and a happy man sad.  Time.

Oct 27, 2010 06:18 PM #10
Post a Comment
Spam prevention
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
849,042

Elite Home Sales Team

A Tenacious and Skilled Real Estate Team
We are here for all your real estate needs!
*
*
*
*
Spam prevention

Additional Information