Tim Lorenz a Mission Viejo Realtor Market Report 10/21/2012

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Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781
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Tim Lorenz a Mission Viejo Realtor Market Report 10/21/2012

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 up 3.0 percent, for new homes it is up 24.6 percent and for resale condos down 4.8 percent. The sales volume is up for resale homes 12.5 percent and up 15.7 percent on condos and down 23.6 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are down 7.6 percent and the sales volume is up 19.3 percent.
  • Mission Viejo Zip Code 92692 sales prices are down 8.4 percent and the sales volume is up 41.9 percent.
  • Aliso Viejo sales prices are down 12.2 percent and the sales volume is up 7.8 percent.
  • Laguna Niguel sales prices are down 2.5 percent and the sales volume is up 50.5 percent.
  • Rancho Santa Margarita sales prices are down 17.3 percent and the sales volume is up 16.5 percent.
  • San Clemente Zip Code 92672 sales prices are down 16.7 percent and the sales volume is up 106.8 percent.
  • San Clemente Zip Code 92673 sales prices are down 15.0 percent and the sales volume is up 13.4 percent.

Look at the change in San Clemente 92672 sales volume is up 106.8 percent, WOW.  That is huge and is significant.  New homes and Resale condos took a big negative hit this past week.  Mission Viejo 92692 up 41.9 percent on sales volume.  Also note that Laguna Niguel also has a big increase of 50.5 percent.

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Rainmaker
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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Great report Tim. How can sales be up that much and prices still on the down tick?

 

 

Oct 21, 2012 02:13 AM #1
Rainmaker
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thank you David.  We see that everytime there is a down tick the sales rise.

Oct 21, 2012 03:03 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

The numbers are very interesting and they are a bit difficult to predict.  I do like my area increasing in sales so dramatically.

Oct 21, 2012 03:05 AM #3
Rainmaker
1,023,915
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Mark

I thought you would like the figures.

Oct 21, 2012 03:07 AM #4
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Rainmaker
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