Area Market Report By Tim Lorenz a Mission Viejo Realtor 6/10/2012

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Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

Area Market Report By Tim Lorenz a Mission Viejo Realtor 6/10/2012

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 2.0 percent, for new homes it is up 9.2 percent and for resale condos up 3.5 percent. The sales volume is up for resale homes 18.9 percent and up 21.2 percent on condos and down 16.6 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are up 0.0 percent and the sales volume is down 5.7 percent.
  • Mission Viejo Zip Code 92692 sales prices are down 8.9 percent and the sales volume is up 50.0 percent.
  • Aliso Viejo sales prices are up 3.3 percent and the sales volume is up 43.8 percent.
  • Laguna Niguel sales prices are down 8.6 percent and the sales volume is up 6.6 percent.
  • Rancho Santa Margarita sales prices are down 16.6 percent and the sales volume is up 23.4 percent.
  • San Clemente Zip Code 92672 sales prices are up 20.1 percent and the sales volume is up 58.6 percent.
  • San Clemente Zip Code 92673 sales prices are down 3.0 percent and the sales volume is up 24.0 percent.

We are seeing a big increase over last weeks numbers in the number of condo sales for the county. In Mission Viejo we see a big change in zip 92692 going from up 2.4% in sales price to down 8.9% but sales up 50%. We also see a big increase in San Clemente Zip 92672 of 58.6% in sales.

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Rainmaker
854,489
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Very well done.  Look at the changes in one week the condos are leading in the sales this week

 

Jun 10, 2012 04:02 AM #1
Rainmaker
1,022,703
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Mark it is a turning market for sure.

Jun 10, 2012 04:07 AM #2
Rainmaker
525,202
Regina P. Brown
MBA Broker Consultants - Carlsbad, CA
M.B.A., Broker, Instructor

Tim, excellent report!  I've been hearing the same good news too from our fellow members here in Active Rain.  Looking forward that it will get even better.

Have a great week!

Jun 10, 2012 08:18 PM #3
Rainmaker
1,022,703
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you Regina

Jun 11, 2012 01:07 AM #4
Ambassador
2,081,269
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

Great market report! As the market changes back to a seller's market, many will be crying the blues. I am already hearing it!

Jun 11, 2012 01:29 AM #5
Rainmaker
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Barbara-Jo

I can hear it all the way to CA.  The market has changed.

Jun 11, 2012 01:33 AM #6
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