Mission Viejo Realtor Tim Lorenz, Area Market Report 2/19/2012

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Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781
https://activerain.com/droplet/v7F

Mission Viejo Realtor Tim Lorenz, Area Market Report 2/19/2012

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 6.3 percent, for new homes it is down 1.1 percent and for resale condos down 9.6 percent. The sales volume is down for resale homes 2.5 percent and down 1.4 percent on condos and down 18.4 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are down 15.6 percent and the sales volume is up 48.3 percent.
  • Mission Viejo Zip Code 92692 sales prices are down 4.6 percent and the sales volume is down 32.8 percent.
  • Aliso Viejo sales prices are up 6.6 percent and the sales volume is down 8.9 percent.
  • Laguna Niguel sales prices are down 6.5 percent and the sales volume is down 0.0 percent.
  • Rancho Santa Margarita sales prices are down 21.9 percent and the sales volume is down 3.9 percent.
  • San Clemente Zip Code 92672 sales prices are down 29.3 percent and the sales volume is down 3.7 percent.
  • San Clemente Zip Code 92673 sales prices are down 2.9 percent and the sales volume is down 16.1 percent.

The last 3 weeks has been a roller coster ride. It is interesting that affordability is at a record high and people are still having truoble pulling the trigger.

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Topic:
Real Estate Market Trends
Location:
California Orange County Mission Viejo
Groups:
RealtorsĀ®
Keller Williams 'Rainers
Posts to Localism
Orange County Real Estate
Market Reports
Tags:
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Rainmaker
538,767
Melinda (Mel) Peterson
Real Estate Cafe LLC - Bend, OR
ABR, CRS, ePro ~ Curator of Happy Endings

They're not so trigger happy in our neck of the woods either Tim.  It's strange... there's never been a better time to buy... yet people are still waiting for ?  Interest rates won't stay this low forever!  BUY NOW!

Feb 19, 2012 05:30 AM #1
Rainmaker
1,130,394
Laura Allen, Lake Tahoe - Truckee Real Estate for Sale TahoeLauraRealEstate.com
Coldwell Banker, Tahoe City, CA (530) 414-1260 - Tahoe City, CA
Tahoe Real Estate Agent Helping Buyers and Sellers

Tim - Great, local real estate market report.  Anyone interested in the Mission Viejo area is going to find your information very helpful.  Nicely done!

Feb 19, 2012 08:35 AM #2
Rainmaker
854,383
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I agree the changes are so great week to week it is stunning.

Feb 19, 2012 02:02 PM #3
Rainmaker
1,022,697
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Mel

I get the fact that our unemployment and job situation is difficult.

Feb 20, 2012 02:01 PM #4
Rainmaker
1,022,697
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Laura

That is so nice and it is appreciated.

Feb 20, 2012 02:02 PM #5
Rainmaker
1,022,697
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Mark

It is difficult to understand a market that is changing so quickly.

Feb 20, 2012 02:04 PM #6
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Rainmaker
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Tim Lorenz

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