June 18, 2012 - - - The big story in Aliso Viejo Real Estate is nothing is for sale! Talk to any friends who are trying to buy something here. You will hear many stories of being outbid multiple times. You will hear stories of town homes and houses being available for only 1 or 2 days! Things loosen up a bit with homes asking $600,000 or more.
I live in Camden Park. We have 157 town homes in this development. We usually have 3 or 4 for sale at any given moment. Today there is only 1 for sale!
Just north of me is San Simeon, with 161 houses. They too normally have 3 or 4 for sale. And there too, there is only 1 for sale! That house has been on the market only 14 days. As of 2 days ago they have 4 offers and the House will most likely sell a little over asking Price!
I follow 12 tracts in West Central Aliso Viejo very closely. There are about 1600 Houses and town homes, total. Normally there are around 25 for sale at any given time. Today there are only 6 for sale!
For sellers, this is a great time to sell. Your Home will sell quickly, with minimal hassle, (unless you put a silly price on it).
Can you get a 2006 price? Of course not. But you already knew that. You can get a price equal to the highest comparable sale (attached vs. detached, square footage, within the last 6 months).
The other great news is the Average Median Sales Price has finally stopped dropping in Aliso Viejo! After falling for 4 months in a row, the AMSP went up 1%, from $344,000 to $348,000 – Dec. through May.
Sales volume is through the roof, with 120 closed sales in May! That’s 64% above average!
Short sales and bank-owned foreclosures rose over the last 2 weeks. Because the total number of homes for sale is so low, the percentages can change pretty radically with just a couple homes added for sale.
Aliso Viejo Listings by Type, as of June 12:
Standard Sellers = 54 - 72%, down 9 percentage points since May 28!
Short sales = 16 - 21%, up 5 points!
Bank-owned foreclosures = 5 – 6.7%, up 2.9 points!
As of June 12, Inventory is down to only 75 places for sale in all of Aliso Viejo. Normal is about 200!
According to Steven Thomas, as of June7, Market Time is 0.65 Months in Aliso Viejo – heavily in favor of the sellers. Demand is 127 new escrows per month, 63% above average!
The climb in Aliso Viejo list prices is accelerating! Half the properties in Aliso Viejo are now listed over $475,000!
Aliso Viejo Listings by Price as of June 12:
Less than $350,000 = 17 residences - 23%, down 5 more percentage points since May 28!
$350,000 - $475,000 = 19 - 25%, down 3 more points.
And > $475,000 = 39 - 52%, up 8 more points!
Beautiful House with a Panoramic View in Aliso Viejo for sale - $499,900!
to see more pictures of the house!
If you wish to Buy this Beautiful Home, call me right away (949) 330-3320. I will help you with Closing Costs!