Mission Viejo Home Values by Tim Lorenz 10/16/2016
This week’s report on home values for Mission Viejo and surrounding areas homes is prepared by a Mission Viejo Realtor Tim Lorenz. The report shows the Orange County Median Prices for resale homes were up 2.9 percent, for new homes up 7.7 percent and for resale condos up 1.1 percent. The sales volume is down for resale homes 8.1 percent and up 3.2 percent on condos and up 11.6 percent for new homes.
•Mission Viejo Zip Code 92691 sales prices are up 5.0 percent and the sales volume is up 10.0 percent.
•Mission Viejo Zip Code 92692 sales prices are up 6.2 percent and the sales volume is up 20.6 percent.
•Aliso Viejo Zip Code 92656 sales prices are up 2.4 percent and the sales volume is down 3.3 percent.
•Laguna Niguel Zip Code 92677 sales prices down 3.4 percent and the sales volume is down 4.4 percent.
•Rancho Santa Margarita Zip Code 92688 sales prices are down 3.2 percent and the sales volume up 10.8 percent.
•San Clemente Zip Code 92672 sales prices are down 6.0 percent and the sales volume is up 28.9 percent.
•San Clemente Zip Code 92673 sales prices are down 9.2 percent and the sales volume is down 19.4 percent.
This is a week of a market that cannot make up its mind as to the direction it wants to head up or down. Lets watch and see what this market does as it stablizes into a direction.