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This Week
Real-Time Market Profile Trend
Median List Price $ 792,000 +
Asking Price Per Square Foot $ 373 +
The median list price in MISSION VIEJO, CA this week is $792,000. Average Days on Market (DOM) 69 ==
Percent of Properties with Price Decrease 61 %
Percent Relisted (reset DOM) 14 %
Inventory has been decreasing lately but the Market Action Index is
falling also. With days-on-market climbing, these are relatively Percent Flip (price increased) 7%
negative implications for the market. Median House Size (sq ft) 2278
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5
The market remains in a relative stasis in terms of sales to + No change == Strong upward trend Strong downward trend
inventory. Prices have not been moving higher for several weeks.
However, inventory is sufficiently low to keep us in the Seller's = Slight upward trend Slight downward trend
Market zone so watch changes in the MAI. If the market heats up
persistently, prices are likely to resume an upward climb.
Price
Market Action Index The market appears to be hovering around this plateau. Look for
a persistent change in the Market Action Index before we see
prices deviate from these levels.
Price Trends
Quartiles
7-Day Rolling Average 90-Day Rolling Average
4,501 -
Upper/Second $ 872,450 2640 6,500 sqft 4.0 3.0 37 34 0 7 74 Upper-middle 25% of properties
4,501 -
Lower/Third $ 749,900 1979 6,500 sqft 3.0 2.5 36 35 2 6 49 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 613,000 1360 6,500 sqft 3.0 2.0 41 35 3 4 54 Least expensive 25% of properties
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Your Local Market's
MARKET UPDATE
MISSION VIEJO, CA
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City Overview Single Family Homes in
.
MISSION VIEJO, CA
stasis in terms of sales to inventory. The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30
Prices have not been moving higher implies a seller's advantage. Below 30, conditions give the advantage to the
for several weeks. However, buyer.
inventory is sufficiently low to keep
us in the Seller's Market zone so Trend Key: == Strong upward trend Strong downward trend
watch changes in the MAI. If the + No change = Slight upward trend Slight downward trend
market heats up persistently, prices
are likely to resume an upward
climb.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,094,000 3416 8,000 sqft 4.0 3.0 26 34 0 5 101 Most expensive 25% of properties
4,501 -
Upper/Second $ 872,450 2640 6,500 sqft 4.0 3.0 37 34 0 7 74 Upper-middle 25% of properties
4,501 -
Lower/Third $ 749,900 1979 6,500 sqft 3.0 2.5 36 35 2 6 49 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 613,000 1360 6,500 sqft 3.0 2.0 41 35 3 4 54 Least expensive 25% of properties
Median Price
The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see
prices deviate from these levels.
Quartile Prices
Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift
(up or down) in the Market Action Index before prices move from these current levels.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Days on Market
The properties have been on the market for an average of 69 days. Half of the listings have come newly on the market in the
past 49 or so days.
.
MISSION VIEJO, CA
92692
time and prices plateaued for a The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30
while. Despite the consistent implies a seller's advantage. Below 30, conditions give the advantage to the
decrease in MAI, we're in the Seller's buyer.
zone. Watch for changes in MAI. If
the MAI resumes it's climb, prices Trend Key: == Strong upward trend Strong downward trend
will likely follow suit. If the MAI + No change = Slight upward trend Slight downward trend
drops consistently or falls into the
Buyer's zone, watch for downward
pressure on prices.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,159,900 3450 8,000 sqft 4.0 3.0 26 23 0 5 100 Most expensive 25% of properties
4,501 -
Upper/Second $ 949,900 2933 6,500 sqft 4.0 3.0 27 23 0 4 98 Upper-middle 25% of properties
4,501 -
Lower/Third $ 769,000 2089 6,500 sqft 3.0 2.5 31 23 0 1 61 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 612,450 1449 4,500 sqft 2.0 2.0 40 24 2 4 53 Least expensive 25% of properties
Median Price
Again this week we see a downward notch for prices in this zip code. We continue to pull back from the market's highs. At this
point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.
Quartile Prices
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all
four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from
these current levels.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Days on Market
The properties have been on the market for an average of 78 days. Half of the listings have come newly on the market in the
past 63 or so days.
.
MISSION VIEJO, CA
92691
supply and the Market Action Index The Market Action Index answers the question "How's the Market?" by measuring
the current rate of sale versus the amount of the inventory. Index above 30
has been moving higher for several implies a seller's advantage. Below 30, conditions give the advantage to the
weeks. This is a Seller's market so buyer.
watch for upward pricing pressure in
the near future if the trend Trend Key: == Strong upward trend Strong downward trend
continues. + No change = Slight upward trend Slight downward trend
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 929,000 2840 8,000 sqft 4.0 2.5 45 11 0 1 62 Most expensive 25% of properties
6,501 -
Upper/Second $ 790,000 2167 8,000 sqft 4.0 2.5 46 11 1 2 35 Upper-middle 25% of properties
4,501 -
Lower/Third $ 689,950 1540 6,500 sqft 4.0 2.0 43 11 0 1 74 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 613,950 1308 6,500 sqft 3.0 2.0 42 12 2 4 36 Least expensive 25% of properties
Median Price
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before
we see prices deviate from these levels.
Quartile Prices
In the quartile market segments, we see prices in this zip code have settled at a price plateau across the board. Prices in all
four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from
these current levels.
Buyers/Sellers Cutoff
Residential house prices are a function of supply and demand, and market conditions can be characterized
by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyers
Advantage zone (below 30) for a long period, prices are likely in for a downward correction.
Days on Market
The properties have been on the market for an average of 51 days. Half of the listings have come newly on the market in the
past 42 or so days.