Mission Viejo market update

By
Real Estate Agent with Re/Max Select One RED CARPET GROUP

There are currently 578 properties for sale in Mission Viejo.

57 properties went into escrow in the last 30 days.

10 % chance of selling you probably say why list now there is no chance, 10 % is pretty good in this market believe it or not some citys are at 4-5 % of inventory selling. Keep in mind too some sellers are not priced correctly and does not wan't to lower their price. The fact is if you price it well and are able to entice the buyers with some minor incentives you have  a good chance of selling.

Have a great day!

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Rainer
62,245
Alix Pinzon
Open Mortgage, LLC NMLS # 2975 - Downey, CA
(562)743-6086
That about sums it up, for most So. Cal. areas huh?  Prices went up quick, but not as quickly as their coming down.  I bet that out of those 57 going into escrow, that only 40 of them close, either due to value issues, or qualification problems.  I guess we'd all better tighten up our belts, cause hungrier times are coming.
Dec 01, 2007 07:57 AM #1
Rainmaker
357,777
Ron Holborn
Short Sales, Foreclosures, Rentals, Income Real Estate - Anaheim, CA
Commercial & SFR, Anaheim CA, Real Estate & Short
Thanks Ola,Thats great information about Mission Viejo whats going on in Irvine?
Dec 18, 2007 05:12 AM #2
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Rainer
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Ola Strandqvist

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