Aliso Viejo Real Estate Report August 2013

Aliso Viejo Real Estate Report

South Orange County Real Estate

Aliso Viejo Real Estate at a Glance: prices rise and volume sees a decline and months of inventory rises, is this the top of this particular upward market or was this just a one month trend, we will have to wait for next month’s data to paint a more accurate picture.

South Orange County Real Estate General Economic Conditions: inventory has risen but prices continue to move upwards. We may be close to the top of this particular seller’s market if interest rates keep rising and eroding buyers purchasing power.

For the latest Orange County Real Estate Report click here

Detached Homes

Current Active Inventory 42

Behind the Numbers

Average volume past 3 months 28

Prices hit the highest average all year last month

Volume  slight decline next month’s data will give a better idea if this is a trend or just a one month event

Months of Inventory  increased sharply again next month’s data will be more telling

av det months av det price av det vol

What this means for

Buyers –Buyers are really racing interest rate increases at this point so if you have been thinking about buying do so now before rate increases end up costing you. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market that fits your criteria as soon as it hits the market.

Sellers – The current seller’s market may be coming to an end, so if you have thought about selling do so now before the market gets flat and you have to concede more and wait longer to get your home sold. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 

Attached Homes

Current Active Inventory 107

Behind the Numbers

Average volume past 3 months 63

Prices hit the highest level all year last month

Volume  huge jump from the prior month

Months of Inventory dropped off as more home closed

av att price av att vol av att months

What this means for

Buyers –Again it is about racing rising rates. Especially for first time buyers, for whom a change in rates can mean the difference  between being able to afford an area or not now is the time to act. To make sure you are seeing everything as soon as it hits the market we offer email listing alerts so you see exactly what’s on the market that fits your criteria as soon as it hits the market and be prepared to have to see the home and make your offer quickly.

Sellers – Last month was a great rebound and demand is still high so if your considering selling now is a great time to do so. For an accurate idea of what you should expect to get for your home get your free home valuation emailed to you.

 

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