Mission Viejo Realtor Tim Lorenz, Area Market Report 4/1/2012

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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 4/1/2012

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 5.2 percent, for new homes it is down 2.5 percent and for resale condos down 8.5 percent. The sales volume is up for resale homes 4.8 percent and up 9.0 percent on condos and down 37.6 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are down 4.6 percent and the sales volume is up 36.2 percent.
  • Mission Viejo Zip Code 92692 sales prices are down 2.1 percent and the sales volume is up 22.2 percent.
  • Aliso Viejo sales prices are down 14.8 percent and the sales volume is down 4.9 percent.
  • Laguna Niguel sales prices are down 0.5 percent and the sales volume is up 17.9 percent.
  • Rancho Santa Margarita sales prices are down 14.8 percent and the sales volume is down 6.5 percent.
  • San Clemente Zip Code 92672 sales prices are down 9.0 percent and the sales volume is up 3.1 percent.
  • San Clemente Zip Code 92673 sales prices are down 7.6 percent and the sales volume is down 2.1 percent.

Prices are moving down and the sales volume is up.  Interesting that is not the usual effect of low inventory and higher sales.  If you note the sales volume has increased dramatically over the last two weeks in Mission Viejo.

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Rainmaker
1,304,536
Charles Stallions Property Manager
Charles Stallions Real Estate Services - Pace, FL
Pensacola, Pace & Gulf Breeze Property Management

Can't get enough of the numbers Tim and love the short simple and easy to understand post

Apr 01, 2012 05:39 AM #1
Rainmaker
1,023,815
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Charles I appreciate your comments.

Apr 01, 2012 05:43 AM #2
Rainmaker
855,169
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

We are seeing some good trends but it is still hard to read this market.

Apr 01, 2012 05:44 AM #3
Rainmaker
1,023,815
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I believe the market is moving up.

Apr 01, 2012 05:48 AM #4
Ambassador
2,303,644
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

I love seeing market reports that indicate an improving real estate market.  Nice.

Apr 02, 2012 11:57 AM #5
Rainmaker
1,023,815
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Judi

 

 

Apr 02, 2012 12:50 PM #6
Ambassador
1,951,076
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

It's kind of a tough report to read because it's contradictory as you mention. It will be interesting to see how it plays out Tim. It's always good to see numbers from other markets...I'm hoping all of us will be trending upward in values soon.

Apr 03, 2012 10:56 AM #7
Rainmaker
1,023,815
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Debb

I appreciate the comments and the critique.

Apr 03, 2012 10:57 AM #8
Rainmaker
226,646
Tom Waite
Thomas Waite Real Estate Broker - Cypress, CA
So Cal-Apartment Bldg Investments

Great sunset...or...sunrise.

I spend most of my time in Avalon on Catalina Island...we don't have sunsets...just fantastic sunrises.

Tom

Apr 04, 2012 01:44 PM #9
Rainmaker
1,023,815
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes I understand Tom and we have to many mountains to get the sun rise.

Apr 05, 2012 02:09 AM #10
Ambassador
2,081,419
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

People need to realize that this is the year of the change in real estate! Great market report! Happy Easter!

Apr 07, 2012 04:51 AM #11
Rainmaker
1,023,815
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Barbara

A very happy Easter to you too.

Apr 07, 2012 08:34 AM #12
Rainmaker
2,113,651
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Tim,

I wish you were in my market center. I could learn a lot from you! Don't get me wrong, we have great people here too, but you have a way that makes it easier for me to learn about statistics and marketing.

Have a blessed Easter!

Patricia

Apr 08, 2012 12:47 AM #13
Rainmaker
1,023,815
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

That is very kind have a very happy Easter.

Apr 08, 2012 01:18 AM #14
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