Aliso Viejo in a Strong Sellers’ Market

By
Real Estate Agent with REALTY ONE GROUP 01482941

June 26, 2012 - - - Inventory continues to be nil in Aliso Viejo.  There are only 74 residences For Sale without an accepted offer – pretty amazing considering there’s almost 50,000 people who live in Aliso Viejo!

 

Demand remains high at 117 new escrows per month.  I believe the number would be much higher if there was something to buy, especially if we had more places under $413,000 For Sale. 

 

Aliso Viejo Listings by Price as of June 26:

Less than $350,000 = 10 residences - 14%, down 9 more percentage points since June 12!

$350,000 - $475,000 = 24 - 32%, UP 7 points!

And > $475,000 = 40 - 54%, up 2 more points!

 

Boy, the cheap stuff is really gone!  There are only 10 residences For Sale under $350,000!  This development is incredible when you consider on January 31, 49% of the homes listed in Aliso Viejo were under $350,000!

 

Aliso Viejo is only 4 miles to the beach as the crow flies.  It IS a beautiful place to live.

 

Short sales have taken a back seat to Standard Sale listings.  Short sales are only 16% of the listings.  I believe this will continue until at least September when regular Sellers start taking a break.  This will cause the percentage of short sale and REO listings to increase.  Short sales and REOs’ know no season.

 

Aliso Viejo Listings by Type, as of June 26:

Standard Sellers = 58 - 78%, up 6 percentage points since June 12!

Short sales = 12 - 16%, DOWN 5 points!

Bank-owned foreclosures = 4 – 5.4%, down 1.3 points!

 

According to Steven Thomas, as of June 21, Market Time is 0.64 Months in Aliso Viejo.  It is tough to be a Buyer now.

 

So far in June, 28 Sales have Closed in Aliso Viejo under $300,000.  So we may see a drop in the Median Sales Price.  The final June numbers will be released July 18th.

 

Beautiful House with a Panoramic View in Aliso Viejo for sale - $499,900!

3 bdr 1760 SqFt $499,900

If you wish to Buy this Beautiful Home, call me right away (949) 330-3320.  I will help you with Closing Costs!

www.WestCentralAlisoViejo.com

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Mark Raymond Godleski

REALTOR - (949) 330-3320
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