Mission Viejo Real Estate Report May 2013

Mission Viejo Real Estate Report

Mission Viejo Real Estate at a Glance:   the trend of low inventory and rising prices continues in Mission Viejo real estate. Prices should continue to rise as we hit the prime selling season and volume should rise as well as more homes hit the market to meet the existing demand.

South Orange County Real Estate General Economic Conditions: More of the same as the single greatest issue right now in South Orange County is available inventory. Despite more homes coming on the market last month demand was there to meet them so inventory levels remain low for most of South Orange County.

Detached Homes

Current Active Inventory 65

Behind the Numbers

Average volume past 3 months 83

Prices continue to climb

Volume  consistent, expect it to pick up as the summer selling season hits and more home hit the market

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

mission viejo real estate mission viejo homes for sale mission detached moi

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 27

Behind the Numbers

Average volume past 3 months 30

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

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

mission attached volume mission attached price mission attached moi

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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