Mission Viejo Home Values by Tim Lorenz 10/23/2016
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 3.7 percent, for new homes up 5.7 percent and for resale condos up 3.4 percent. The sales volume is down for resale homes 5.0 percent and up 2.8 percent on condos and up 12.9 percent for new homes.
•Mission Viejo Zip Code 92691 sales prices are up 7.4 percent and the sales volume is up 22.4 percent.
•Mission Viejo Zip Code 92692 sales prices are up 8.7 percent and the sales volume is up 5.5 percent.
•Aliso Viejo Zip Code 92656 sales prices are up 5.7 percent and the sales volume is up 6.9 percent.
•Laguna Niguel Zip Code 92677 sales prices up 9.0 percent and the sales volume is down 8.3 percent.
•Rancho Santa Margarita Zip Code 92688 sales prices are down 2.5 percent and the sales volume up 11.6 percent.
•San Clemente Zip Code 92672 sales prices are down 1.6 percent and the sales volume is up 41.0 percent.
•San Clemente Zip Code 92673 sales prices are down 14.8 percent and the sales volume is down 4.3 percent.
Across the board both sales price and sales volume has improved from last week. This is not a market that is sputtering at all. We are still an area that consumers want to live in.