Mission Viejo Home Values 8/5/2018

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team BRE# 00919781

 

Mission Viejo Home Values 8/5/2018

 

This weeks 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 5.3 percent, new homes are up 18.7 percent and resale condos are up 2.7 percent. The sales volume is down for resale homes 6.2 percent, down 5.8 percent on condos and up 15.9 percent for new homes.

 

Mission Viejo Zip Code 92691 sales prices are up 0.7 percent and the sales volume is down 5.5 percent.

Mission Viejo Zip Code 92692 sales prices are up 14.8  percent and the sales volume is down 19.0 percent.

Aliso Viejo Zip Code 92656 sales prices are up 4.3 and the sales volume is down 14.4  percent.

Laguna Niguel Zip Code 92677 sales prices are up 8.0 percent and the sales volume is down 10.8 percent.

Rancho Santa Margarita Zip Code 92688 sales prices are down 3.6 percent and the sales volume down 19.3 percent.

San Clemente Zip Code 92672 sales prices are up 17.7 percent and the sales volume is up 10.1 percent.

San Clemente Zip Code 92673 sales prices are down 0.9 percent and the sales volume is up 16.1 percent.

 

Look at the areas of Mission Viejo 92692 and San Clemente 92673 both have large increases in sales prices. Yet in an areaI don't usually report on San Clemente has a down turn on their sales price median by 31.1% .  What does this all mean?  It means that we are in a hard change to an even market not buyers or sellers market.

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California Orange County Mission Viejo
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Tags:
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Rainmaker
826,171
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

I have noticed the change in the market in the last few week.  

Aug 05, 2018 09:02 AM #1
Rainmaker
992,123
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hi Joe thanks for the comment and have a great open house.

Aug 05, 2018 09:06 AM #2
Rainmaker
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Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, CNE, CRS, ePro, PSA

Appreciate the insight from a local expert. Have a great rest of the weekend!

Aug 05, 2018 03:29 PM #3
Rainmaker
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Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Thanks Jeremy for the comment

Aug 12, 2018 08:56 AM #4
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Rainmaker
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Tim Lorenz

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