Mission Viejo Home Values 3/16/2014 By Tim Lorenz

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Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781
https://activerain.com/droplet/4dbX

Mission Viejo Home Values 3/16/2014 By Tim Lorenz

 

 

This weeks Market Report for Mission Viejo and surrounding areas home values from a Mission Viejo Realtor Tim Lorenz shows that Orange County Median Prices for the resale homes were up 17.3 percent, for new homes up 15.5 percent and for resale condos up 18.5 percent. The sales volume is down for resale homes 12.3 percent and down 10.9 percent on condos and up 68.5 percent for new homes.

  • Mission Viejo Zip Code 92691 sales prices are up 20.9 percent and the sales volume is down 15.7 percent.
  • Mission Viejo Zip Code 92692 sales prices are up 0.0 percent and the sales volume is down 3.9 percent.
  • Aliso Viejo sales prices are up 1.9 percent and the sales volume is down 32.4 percent.
  • Laguna Niguel sales prices are up 6.9 percent and the sales volume is down 22.0 percent.
  • Rancho Santa Margarita sales prices are up 24.3 percent and the sales volume up 21.8 percent.
  • San Clemente Zip Code 92672 sales prices are up 26.8 percent and the sales volume is up 50.0 percent.
  • San Clemente Zip Code 92673 sales prices are up 10.2 percent and the sales volume is up 0.0 percent.

If we look at the changes for the county as a whole we see very little difference.  However, if we look at the individual cities I show there are some big changes but they are in all directions.  One change you cannot see above is the change in Rancho Santa Margarita showed an big increase.  Yet, many of the other cities show huge changes in volume of sales to the negative.

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Topic:
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Location:
California Orange County Mission Viejo
Groups:
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Tags:
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Rainmaker
854,383
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I know that you were guessing that the market was getting weaker and weaker.  It sure does look that way locally.

Mar 16, 2014 02:24 AM #1
Rainmaker
1,022,697
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Yes that is true.  I do see the market weekening especially over the last few weeks.

Mar 16, 2014 02:30 AM #2
Rainmaker
1,181,755
Adrian Willanger
206 909-7536 AdrianWillanger-broker.com - Seattle, WA
Profit from my two decades of experience

Tim. what interesting real estate markets, tough to figure why some are, sufficiently, while the rest of the micro markets are down?

Mar 16, 2014 03:28 AM #3
Rainmaker
2,190,577
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

We have a similar market. Our sales prices are up but our inventory is down, except our down market is pretty low, no little dips here. We have about 2 months.

Mar 16, 2014 03:49 AM #4
Rainmaker
1,022,697
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Adrian

It is looking as if we are in a slow down here.

 

Mar 16, 2014 04:21 AM #5
Rainmaker
1,022,697
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Very interesting.  The next month will tell the story.

Mar 16, 2014 04:22 AM #6
Rainmaker
771,637
Bob Baesmann
DFW Team Realty - Plano, TX
DFW Team Realty | 972-978-8800

Great information on your local market.

 

Thank you for sharing this important information about the Real Estate market in your area!

Mar 16, 2014 07:22 PM #7
Rainmaker
1,022,697
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hello Bob thanks for dropping by.

 

Mar 17, 2014 12:37 AM #8
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Rainmaker
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