Aliso Viejo Inventory Dropping Through the Floor!

By
Real Estate Agent with REALTY ONE GROUP 01482941

April 13, 2012 - - - According to Steven Thomas, Aliso Viejo's Market Time has dropped another 13% since March 1, to 0.97 Months!  When Market Time drops below 1.00, it gets very tough for Buyers to navigate and successfully negotiate.

Demand is up 10% since March 1!  Escrows are opening in Aliso Viejo at the rate of 137 per Month – Way Over our norm of about 76! 

 

April 22, 2012 - - -

The rapid change of the Aliso Viejo Real Estate Market continues!  In just the last 3 1/2 weeks short sale listings have gone from 40% of the Market to 30% - a Big change for such a short period of time!  This is good News for Buyers because short sales are maddening.

 

Aliso Viejo Listing by Type:

Standard Sellers = 65 - 60%, up 7 percentage points since March 28!

Short sales = 32 - 30%, down 10 more points!

Bank-owned foreclosures = 11 - 10%, up 2.7 points!

 

If You want a list of every bank-owned foreclosure in Any city in Central or South Orange County, just ask me for it at MRGodleski@GMail.com

 

Inventory is down 18% since March 1!  As of April 23, Inventory is down to 109 residences for Sale in Aliso Viejo, without on accepted offer – Much less than a 1 Month supply! 

 

Although Orange County’s Median Sales Price ticked up last month, Closed Sales Prices continue to drop in Aliso Viejo.

Month

6 Month
Moving
Average

Sales

Oct-2011

 367,917

73

Nov-2011

 368,417

61

Dec-2011

 372,583

96

Jan-2012

 372,167

51

Feb-2012

 363,500

51

Mar-2012

 352,250

82

Discounting is boosting Sales.  March had 82 Sales vs. an average of about 70 per month. And the one-month period ending April 13 had 137 new escrows!  I predict Closed Sales Prices will rise in a couple months as most of the cheaper Inventory is getting “gobbled up”.

 

April 23, 2012 - - - Over just the last 25 Days, the number of places for Sale under $350,000 in Aliso Viejo has dropped 46%! 

 

Aliso Viejo Listings by Price:

Less than $350,000 = 31 residences - 28%, down 18 points – the largest drop I’ve ever seen!

$350,000 - $475,000 = 34 - 31%, up 4 points!

And > $475,000 = 44 - 40%, up 13 points – the largest increase I’ve ever seen!

 

Home Buyers’ Assistance!

Money Can Be Used Immediately towards your Down Payment*, towards your Closing Costs, or to Reduce the Purchase Price!  Your Choice!  *If used towards Down Payment, your lender must approve it.

Purchase Price - Assistance

$415,000- - - - - $700

$500,000 - - - -$2725

$600,000 - - - -$5350

$700,000 - - - -$7975

$850,000 - - -$10,900

$2,000,000 - -$25,400

Call Me Today to get Started – Mark Raymond Godleski at (949) 330-3320 or (714) 943-8499

 

Program not available on short sales.

 

www.MarkRaymondSellsSoCal.com

 

Dana Point $615,000 4 Bdr 2155 SqFt

Dana Point, $615,000, 4 Bdr, 2155 SqFt Bank-owned foreclosure. Call (949) 330-3320 to see Today!

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Tags:
foreclosures
short sales
aliso viejo real estate
homes for sale in dana point

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Mark Raymond Godleski

REALTOR - (949) 330-3320
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