Mission Viejo Realtor Tim Lorenz, Area Market Report 2/26/2012

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Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781
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Mission Viejo Realtor Tim Lorenz, Area Market Report 2/26/2012

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 5.9 percent, for new homes it is up 3.2 percent and for resale condos down 12.3 percent. The sales volume is down for resale homes 3.5 percent and up 1.1 percent on condos and down 1.0 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are down 15.4 percent and the sales volume is up 24.3 percent.
  • Mission Viejo Zip Code 92692 sales prices are down 5.9 percent and the sales volume is down 28.1 percent.
  • Aliso Viejo sales prices are up 7.4 percent and the sales volume is down 8.8 percent.
  • Laguna Niguel sales prices are down 1.9 percent and the sales volume is up 6.7 percent.
  • Rancho Santa Margarita sales prices are down 22.0 percent and the sales volume is down 9.4 percent.
  • San Clemente Zip Code 92672 sales prices are down 32.4 percent and the sales volume is down 3.6 percent.
  • San Clemente Zip Code 92673 sales prices are down 7.2 percent and the sales volume is down 24.2 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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Ambassador
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

If you're considering the purchase or sale of a home in Mision Viejo contact Realtor® Tim Lorenz.  Put Tim's real estate knowledge to work for you today!

Feb 26, 2012 12:01 AM #1
Rainmaker
637,881
Don Sabinske
Don Sabinske, Sabinske & Associates Inc. - Zimmerman, MN
Sabinske & Associates Inc.

New homes are getting a bit of boost, it appears.  Now, if the resale market would go up, you would likely be in good shape. 

Feb 26, 2012 12:03 AM #2
Rainmaker
1,022,354
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you John.

Feb 26, 2012 12:06 AM #3
Rainmaker
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

It is difficult here because of the unemployment.  Even more is the amount of people that are making 1/4 of what they made before the housing problem.

Feb 26, 2012 12:08 AM #4
Rainmaker
854,046
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

We keep seeing the inventory drop and it has a major effect on the changes in the data.

Feb 27, 2012 11:46 PM #5
Rainmaker
456,334
Brian Rugg
Rugg Realty LLC Sun City Texas 512-818-6700 - Georgetown, TX
Sun City TX Real Estate - Georgetown, TX Real Est

Hello Tim:  Thanks for stopping my blog post the other day. We used to live in Mission Viejo in the early 80s and know it to be a wonderful community. I recognize Dana Point harbor in you background photograph as it was one of my favorite places.

Feb 29, 2012 12:48 AM #6
Rainmaker
1,022,354
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Mark

It does have real effect on the market when there is not enough property for the buyers.

Feb 29, 2012 05:07 AM #7
Rainmaker
1,022,354
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Rugg

You are correct that is Dana Point Harbor.

Feb 29, 2012 05:08 AM #8
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