Mission Viejo Real Estate Report March 2013

Mission Viejo Real Estate Report

Mission Viejo Real Estate at a Glance:   demand is high, prices are climbing and inventory is low making it a perfect time to be a seller in Mission Viejo. Buyers on the other hand must act quick and be prepared to navigate multiple offer situations.

South Orange County Real Estate General Economic Conditions: South Orange County Continues the trend of very low inventory creating short sales cycles for sellers. Today it is typical for a appropriately priced and well marketed home to be in escrow in a week. Prices continue to slowly move up as record low rates keep buyers demand high.

Detached Homes

Current Active Inventory 64

Behind the Numbers

Average volume past 3 months 74

Prices consistent and on a general upswing for the year

Volume  staying fairly consistent

mv detached price and 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 21

Behind the Numbers

Average volume past 3 months 26

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

Volume  being kept down by low inventory. If you thinking about selling you couldn’t ask for a better time

mv att price and volume

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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