The Aliso Viejo market has had a busy year, with one more month to go, it looks to close on a high note. Low inventory continues to drive the market throughout Orange County but is especially true in our community of Aliso Viejo.
Below is a look at how the Aliso Viejo real estate market did last month, from the Orange County Association of Realtors.
The median price to purchase a Single Family Detached home in Aliso Viejo is $760,000 and year to date that is up about 8%. However, with the number of new listings down 46% and overall inventory of homes down 22%, I would anticipate December should end on a positive note as well.
Below is a look at Attached homes: Sales were up about 46% putting pressure on the low inventory we typically have this time of year. Currently there is less then two months of inventory on the market. With new listings being down about 17% this inventory is certainly primed to be sold quickly. Hint.. If you are thinking of selling your Attached home in early 2017... you might want to think about pushing that move up.. demand for homes priced under $500k is huge.
You may think during the holidays, who would be buying houses, but typically in the OC, December is a very busy month for real estate. Though we are dealing with some rain today, we really don't have the weather issue to deal with. In fact, during the holidays many buyers who are relocating here in the next year are house shopping during their holiday. Holiday distractions is truly the only hurdle, but serious buyers are out looking for a home.
As we noted above, if you are considering a move in 2017, let's meet up for a cup of coffee and review why now may be the best time to list your home.