Can you believe 2016 is in the rear view mirror. We are already mid-month into 2017. January is starting off very strong for the real estate market in Aliso Viejo. Buyers are out and about in high search for their next home. Even with the rain we have been having...
But before we dive into the new year, let's take a look back at how the real estate market finished the year in Aliso Viejo.
Below is a look at how the year finished as well as recap of the how it compared to 2015 from the Orange County Association of Realtors.
Detached Single Family Homes in Aliso Viejo Real Estate performance:
- Sales Volume for 2016 - was down just about 3% from 2015 overall inventory was down about 10%
- The median price of Single Family Home in Aliso Viejo in December was $745k, YTD $730k. This is up for the year just under 8%.
- Inventory of available homes is down to under 1 1/2 months. Home sellers.... Opportunity is knocking
Below is a look at the condo/townhome market in Aliso Viejo
Detached Single Family Homes in Aliso Viejo Real Estate performance:
- Sales Volume for 2016 was down just about 3% from 2015.
- The median price of Attached home in Aliso Viejo in December was $419k, YTD $455k. This is up for the year about 7%
- Inventory of available homes is down 16% from last year with just 1 month of supply available Condo sellers.... Opportunity is knocking
How does the Aliso Viejo Market compare to the overall Orange County Market? Check out the graph below:
Looking at the median pricing for detached homes, the pricing trend in Aliso Viejo is slightly below the county. However on the attached side it is above the Orange County Median.
Aliso Viejo homeowners should be very pleased with the price gains of 2016. The biggest news here really is supply, as demand is clearly there. We are seeing high numbers of attendees at our open house.. I mean high numbers, 65 and over a 100. Though we are having rain, we are pretty lucky that the market doesn't really stall due to weather. So if you are considering a move this spring. I would strongly recommend taking a look and speaking with your Realtor to find out if it is beneficial to move now. Supply and demand is key in receiving top dollar for your home. As you can see from above with 1 month of inventory available... opportunity is knocking.
Of course if we can be of assistance don't hesitate to contact our team.
