Mission Viejo Home Values 1/13/2019

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

Mission Viejo Home Values 1/13/2019

 

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 down 0,0 percent, new homes are up 6.5 percent and resale condos are up 3.2 percent. The sales volume is down for resale homes 12.9 percent, down 19.6 percent on condos and up 3.3 percent for new homes.

 

Mission Viejo Zip Code 92691 sales prices are down 5.4 percent and the sales volume is down 25.9 percent.

Mission Viejo Zip Code 92692 sales prices are up 7.5 percent and the sales volume is down 16.0 percent.

Aliso Viejo Zip Code 92656 sales prices are up 12.0 and the sales volume is down 11.0 percent.

Laguna Niguel Zip Code 92677 sales prices up 0.8 percent and the sales volume is down 17.2 percent.

Rancho Santa Margarita Zip Code 92688 sales prices are up 10.3 percent and the sales volume down 55.7 percent.

San Clemente Zip Code 92672 sales prices are up 2.4 percent and the sales volume is up 0.0 percent.

San Clemente Zip Code 92673 sales prices are up 8.0 percent and the sales volume is down 42.6 percent.

 

The sales volume is down big but the numbers for the median prices are up.  It is a continuing indication of a shift in the market but how big and it likely effect is too earily to tell yet.

Comments (6)

Jeremy K. Frost
Keller Williams Realty - Dripping Springs, TX
Associate Broker, ABR,CNE,CRS,ePro,PSA,RENE,SRS

Appreciate the update. Have a great rest of the weekend!

Jan 13, 2019 04:02 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

Hi Tim

Wow these are some big changes week over week.

Jan 13, 2019 04:22 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hi Jeremy

Glad to provide the info.  Have a great week.

Jan 13, 2019 04:32 PM
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

Hi Joe

This week is really different.  We are really seeing the shift.

Jan 13, 2019 04:35 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Tim we noticed in my market a shift about six months ago, interestingly it has corelated to the Interest Rate increases by the Fed....Endre

Jan 13, 2019 06:32 PM
Sally Crane
WMS - Unity, WI
Woodland appraisal support.

Thanks for the update, all the best to you as you get many of these properties sold.

Jan 14, 2019 10:12 PM