Mission Viejo Real Estate Report June 2013

Mission Viejo Real Estate Report

Mission Viejo Real Estate at a Glance:   prices continue to trend higher volume is moving up and the market is really heating up in Mission Viejo.

South Orange County Real Estate General Economic Conditions: despite more properties coming on the market the available inventory is still light compared to demand. Many of the newly listed homes are coming on the market at aggressively high prices then being gradually reduced towards fair market value.

Detached Homes

Current Active Inventory 97

Behind the Numbers

Average volume past 3 months 93

Prices continue to climb

Volume  well established over 90 expect that to continue the next few months

Months of Inventory  falls slightly making it even more of a sellers market

mv detached months mv detached price mission detached volume

What this means for

Buyers – buyers have to move quick to get the best options in Mission Viejo because the best is going into escrow quickly. 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 and find the best Mission Viejo home for you.

Sellers –  Sellers couldn’t ask for a better market. Move up sellers also benefit from record low rates. There is no way to predict how long this situation will continue so making a move now is prudent. 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 56

Behind the Numbers

Average volume past 3 months 34.5

Prices  upward trend well established and should continue as the year progresses, if your buying buy sooner rather than later

Volume  moving up as we enter summer

Months of Inventory sitting at 2 making this a seller’s market

mission attached volume mv attached price mv attached months

What this means for

 

Buyers – move quick and be prepared for multiple offer situations.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 – You couldn’t ask for a better time to be a seller of Mission Viejo Real Estate. If you have been thinking of selling now is the time.  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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Posted in for buyers, for sellers, Mission Viejo Real Estate, OC real estate
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