Mission Viejo Real Estate Report Nov 2012

Mission Viejo Real Estate Report

South Orange County Real Estate

November 2012

Mission Viejo Real Estate at a Glance:   Volume has been fairly consistent in Mission Viejo with a reasonable number of transactions every month. Active inventory is on par relative to the average number of monthly transactions for detached homes and slightly lower than demand for attached homes heading into the holiday season making it a good time for both buyers and sellers in Mission Viejo.

South Orange County Real Estate General Economic Conditions: rates remain at historic lows increasing affordability, inventory is low throughout South Orange County Real Estate as general economic uncertainty has delayed many sellers from putting their homes on the market and volume has remained fairly consistent.

Detached Homes

Current Active Inventory 82

Current Average List Price $827,849

Behind the Numbers

Average volume past 3 months 91

Average sales price past 3 months  $554,230

Prices consistent and on a general upswing for the year

Volume  staying fairly consistent

 

 

 

What this means for

Buyers – buyers have to move quick to get the best options in Mission Viejo since the available inventory is about on par with the average monthly transactions. 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 –  Prices have stabilized and volume remains steady and the available inventory is on par with market demand. 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 8

Current Average List Price $379,975

Behind the Numbers

Average volume past 3 months 18

Average sales price past 3 months  $403,705

Prices  on a upswing

Volume  steady

 

 

What this means for

Buyers – attached Mission Viejo homes for sale inventory is lower than the average monthly volume so buyers need to move quick. 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 inventory is low for the average monthly demand providing an opportunity to list your Mission Viejo real estate and get a good price and a quick transaction. Prices have stabilized so don’t expect to get a large increase over recent sales but you can expect to sell for the same or slightly more. 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 Mission Viejo Real Estate, OC real estate
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