Mission Viejo Condo & Single Family Homes Weekly Update

Monday April 24, 2017
Your Local Market's MISSION VIEJO, CA

Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 530,000 +
Asking Price Per Square Foot $ 353 +
The median list price in MISSION VIEJO, CA this week is $530,000. Average Days on Market (DOM) 41
Percent of Properties with Price Decrease 16 %
Percent Relisted (reset DOM) 25 %
Inventory is up and Market Action is trending down recently. While
days-on-market appears to be trending lower, the overall Percent Flip (price increased) 0%
conditions are weakening a bit. Median House Size (sq ft) 1352
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 63.4 ==
Supply and Demand

Home sales continue to outstrip supply and the Market Action Index + No change == Strong upward trend Strong downward trend
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend = Slight upward trend Slight downward trend
continues.
Price
Market Action Index The market seems to have paused around this plateau. The
Market Action Index is a good leading indicator for the durability
of this trend.
Price Trends
7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff
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 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average 90-Day Rolling Average
Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Square Feet Beds Baths Age Inventory New Absorbed DOM
Top/First $ 674,950 1936 3.0 2.5 22 12 1 0 38 Most expensive 25% of properties
Upper/Second $ 589,900 1767 3.0 2.5 28 13 0 2 32 Upper-middle 25% of properties
Lower/Third $ 459,900 1221 2.0 2.0 31 13 1 3 76 Lower-middle 25% of properties
Bottom/Fourth $ 389,000 1000 2.0 1.5 44 13 2 3 17 Least expensive 25% of properties
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
Your Local Market's
MARKET UPDATE
MISSION VIEJO, CA
Current Real Estate Market Conditions for Condos & Townhomes

Trends in Pricing
Current Levels of Supply and Demand
Value Metrics
Report for the week of

April 24, 2017
Presented by Your Local Market Reports

.
.
.
City Overview Condos & Townhomes in
.
MISSION VIEJO, CA
This Week Real-Time Market Profile Trend

The median list price in MISSION Median List Price $ 530,000 +
VIEJO, CA this week is $530,000. The Average List Price $ 524,943
51 properties have been on the Asking Price Per Square Foot $ 353 +
market for an average of 41 days. Average Days on Market (DoM) 41
Inventory of Properties Listed 51 ==
Most Expensive Listing $ 825,000

Inventory is up and Market Action is Least Expensive Listing $ 319,900
trending down recently. While days- Average Age of Listing 30

on-market appears to be trending Percent of Properties with Price Decrease 16 %
lower, the overall conditions are Percent Relisted (reset DOM) 25 %
weakening a bit. Percent Flip (price increased) 0%
Median House Size (sq ft) 1352
Supply and Demand Altos Research Value Statistics

Home sales continue to outstrip Market Action Index Strong Seller's 63.4 ==
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
Characteristics per Quartile
Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM
Page 2 of 16 Monday April 24, 2017

Condos & Townhomes in
City Overview
.
MISSION VIEJO, CA
Median Price
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of
this trend.
7-day Average 90-day Average
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.
First/Top Second/Upper Third/Lower Fourth/Bottom

City Overview
.
MISSION VIEJO, CA
Price per Square Foot

The market plateau is seen across the price and value. The price per square foot and median list price have both been
reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from
these levels.
Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

City Overview
.
MISSION VIEJO, CA
Market Action Index

The MISSION VIEJO market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action
Index stands at 63.36; indicating very little supply relative to the demand.
90-day Average Buyers/Sellers Cutoff
Market Action Index per Quartile

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the
whole market changes. Often one end of the market (e.g. the high-end) will weaken before the rest of the market and signal a
slowdown for the whole group.
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.

City Overview
.
MISSION VIEJO, CA
Days on Market
The properties have been on the market for an average of 41 days. Half of the listings have come newly on the market in the
past 14 or so days.
Days on Market per Quartile

It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

Neighborhood Detail Condos & Townhomes in
.
MISSION VIEJO, CA
92692

VIEJO, CA 92692 this week is Average List Price $ 573,752
$575,000. The 27 properties have Asking Price Per Square Foot $ 377 =
been on the market for an average of Average Days on Market (DoM) 53
53 days. Inventory of Properties Listed 27 ==



Home sales continue to outstrip Market Action Index Strong Seller's 58.0 ==
supply and the Market Action Index The Market Action Index answers the question "How's the Market?" by measuring
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

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
We continue to see prices in this zip code hovering around their high point. 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.

Neighborhood Detail
.
MISSION VIEJO, CA
92692

The value placed on homes appears to be on the upswing, despite the fact that prices in general have remained basically flat.
These conditions can arise when inventory is light and a greater number of smaller homes have more influence on overall prices.


Neighborhood Detail
.
MISSION VIEJO, CA
92692
Market Action Index

The MISSION VIEJO, 92692 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market
Action Index stands at 58.02; indicating very little supply relative to the demand.

Not surprisingly, all segments in this zip code are showing high levels of demand. Watch the quartiles for changes before the

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Days on Market
past 14 or so days.


Neighborhood Detail Condos & Townhomes in
.
MISSION VIEJO, CA
92691

$399,900. The 24 properties have Asking Price Per Square Foot $ 349 +
been on the market for an average of Average Days on Market (DoM) 27 +

The Market Action Index has been Least Expensive Listing $ 319,900
trending down lately, while inventory Average Age of Listing 32

is climbing. These trends imply a Percent of Properties with Price Decrease 17 %
weakening market. Percent Relisted (reset DOM) 17 %
Percent Flip (price increased) 0%

The market has been cooling off a Market Action Index Strong Seller's 65.7
bit in recent weeks, as more homes The Market Action Index answers the question "How's the Market?" by measuring
are available and demand is less. implies a seller's advantage. Below 30, conditions give the advantage to the
We'll be looking for a persistent buyer.
downward trend. If we see a
persistent trend, especially if the Trend Key: == Strong upward trend Strong downward trend
MAI falls from the Seller's Market + No change = Slight upward trend Slight downward trend
zone to the Buyer's Market zone,
expect downward pressure on
prices. There is already some
evidence prices moving lower.

Neighborhood Detail
.
MISSION VIEJO, CA
92691
Median Price
Prices in this zip code been on a downward trend recently and this week, while essentially flat, doesn't break us out of that
cycle. Watch the Market Action Index for any signs of demand increasing.
Quartile Prices
In the quartile market segments, we see pricing in this zip code is lacking strong directional indication lately. Quartiles 1 and 3
are up while Quartiles 2 and 4 are basically flat in recent weeks. Watch for persistent shifts in the Market Action Index for a
leading indicator of stronger price moves in the market as a whole.

Neighborhood Detail
.
MISSION VIEJO, CA
92691

Despite recently falling prices, the price per square foot has stayed reasonably flat. This implies that there's a portion of the
market being priced at a premium. You can investigate this condition in the quartile details.


Neighborhood Detail
.
MISSION VIEJO, CA
92691
Market Action Index



Neighborhood Detail
.
MISSION VIEJO, CA
92691
Days on Market
past 14 or so days.


Monday April 24, 2017
Your Local Market's MISSION VIEJO, CA
Executive Summary Single Family Homes
This Week
Real-Time Market Profile Trend
Median List Price $ 789,900 +
Asking Price Per Square Foot $ 370 +
The median list price in MISSION VIEJO, CA this week is $789,900. Average Days on Market (DOM) 52 +
Percent of Properties with Price Decrease 29 %
Percent Relisted (reset DOM) 34 %
The Market Action Index has been trending down lately, while
inventory is climbing. These trends imply a weakening market. Percent Flip (price increased) 3%
Median Lot Size 4,501 - 6,500 sqft
Supply and Demand Market Action Index Strong Seller's 50.1 +
In the last few weeks the market has achieved a relative stasis point + No change == Strong upward trend Strong downward trend
in terms of sales to inventory. However, inventory is sufficiently low
to keep us in the Seller's Market zone so watch changes in the MAI. = Slight upward trend Slight downward trend
If the market heats up, 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
7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff
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 implies Seller's
Market conditions. Below 30, conditions favor the buyer.
Quartiles
7-Day Rolling Average 90-Day Rolling Average
Characteristics per Quartile Investigate the market in quartiles -

where each quartile is 25% of homes
ordered by price.
Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,198,450 3476 8,000 sqft 4.0 3.5 27 44 3 1 80 Most expensive 25% of properties
4,501 -
Upper/Second $ 880,000 2686 6,500 sqft 4.0 3.0 36 44 1 2 43 Upper-middle 25% of properties
4,501 -
Lower/Third $ 746,900 1936 6,500 sqft 3.0 2.2 40 44 9 4 55 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 649,000 1452 4,500 sqft 3.0 2.0 40 45 7 3 32 Least expensive 25% of properties
Your Local Market's
MARKET UPDATE
MISSION VIEJO, CA
Current Real Estate Market Conditions for Single Family Homes

Trends in Pricing
Current Levels of Supply and Demand
Value Metrics
Report for the week of

April 24, 2017
Presented by Your Local Market Reports

.
.
.
City Overview Single Family Homes in
.
MISSION VIEJO, CA

VIEJO, CA this week is $789,900. The Average List Price $ 905,567
177 properties have been on the Asking Price Per Square Foot $ 370 +
market for an average of 52 days. Average Days on Market (DoM) 52 +
Inventory of Properties Listed 177 ==
Most Expensive Listing $ 4,200,000


is climbing. These trends imply a Percent of Properties with Price Decrease 29 %
weakening market. Percent Relisted (reset DOM) 34 %
Supply and Demand

Altos Research Value Statistics

In the last few weeks the market has Market Action Index Strong Seller's 50.1 +
achieved a relative stasis point in The Market Action Index answers the question "How's the Market?" by measuring
terms of sales to inventory. implies a seller's advantage. Below 30, conditions give the advantage to the
However, inventory is sufficiently buyer.
low to keep us in the Seller's Market
zone so watch changes in the MAI. If Trend Key: == Strong upward trend Strong downward trend
the market heats up, prices are + No change = Slight upward trend Slight downward trend
likely to resume an upward climb.
6,501 -
4,501 -
4,501 -
Less than

Single Family Homes in
City Overview
.
MISSION VIEJO, CA
Median Price
Despite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading
indicator for the durability of this shift.
Quartile Prices
Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. We'll need to see a
persistent shift in the Market Action Index before we see prices across the board move from these levels.

City Overview
.
MISSION VIEJO, CA

these levels.


City Overview
.
MISSION VIEJO, CA
Market Action Index

The MISSION VIEJO market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market Action
Index stands at 50.06; indicating very little supply relative to the demand.

Not surprisingly, all segments in the market are showing high levels of demand. Watch the quartiles for changes before the

City Overview
.
MISSION VIEJO, CA
Days on Market
past 21 or so days.


Neighborhood Detail Single Family Homes in
.
MISSION VIEJO, CA
92692

been on the market for an average of Average Days on Market (DoM) 56


Supply and Demand


6,501 -
4,501 -
4,501 -
Less than

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action
Quartile Prices
In the quartile market segments, we see the middle of the market in this zip code staying on an up trend lately, while Quartiles
1 and 4 are mixed. The Market Action Index for Quartiles 1 and 4 can tell us whether they are about to resume an upward price
trend or whether we're at the beginning of a decline.

Neighborhood Detail
.
MISSION VIEJO, CA
92692

these levels.


Neighborhood Detail
.
MISSION VIEJO, CA
92692
Market Action Index



Neighborhood Detail
.
MISSION VIEJO, CA
92692
Days on Market
past 21 or so days.


Neighborhood Detail Single Family Homes in
.
MISSION VIEJO, CA
92691

been on the market for an average of Average Days on Market (DoM) 45 =


and days-on-market are climbing. The Percent of Properties with Price Decrease 30 %
trends imply a weakening market. Percent Relisted (reset DOM) 34 %
Supply and Demand


6,501 -
Top/First $ 959,000 2897 8,000 sqft 4.0 3.0 45 15 2 1 26 Most expensive 25% of properties
6,501 -
6,501 -
6,501 -

Neighborhood Detail
.
MISSION VIEJO, CA
92691
Median Price
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action
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.

Neighborhood Detail
.
MISSION VIEJO, CA
92691

these levels.


Neighborhood Detail
.
MISSION VIEJO, CA
92691
Market Action Index



Neighborhood Detail
.
MISSION VIEJO, CA
92691
Days on Market
past 21 or so days.


Mission Viejo Condo &amp; Single Family Homes Weekly Update

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Monday April 24, 2017

Your Local Market's MISSION VIEJO, CA

Supply and Demand

7-Day Rolling Average 90-Day Rolling Average Buyer/Seller Cutoff

The Market Action Index answers the question "How's the

Characteristics per Quartile Investigate the market in quartiles -

Top/First $ 674,950 1936 3.0 2.5 22 12 1 0 38 Most expensive 25% of properties

Upper/Second $ 589,900 1767 3.0 2.5 28 13 0 2 32 Upper-middle 25% of properties

Lower/Third $ 459,900 1221 2.0 2.0 31 13 1 3 76 Lower-middle 25% of properties

Bottom/Fourth $ 389,000 1000 2.0 1.5 44 13 2 3 17 Least expensive 25% of properties

Current Real Estate Market Conditions for Condos & Townhomes

Report for the week of

Presented by Your Local Market Reports

This Week Real-Time Market Profile Trend

Inventory of Properties Listed 51 ==

Most Expensive Listing $ 825,000

trending down recently. While days- Average Age of Listing 30

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 674,950 1936 3.0 2.5 22 12 1 0 38 Most expensive 25% of properties

Upper/Second $ 589,900 1767 3.0 2.5 28 13 0 2 32 Upper-middle 25% of properties

Lower/Third $ 459,900 1221 2.0 2.0 31 13 1 3 76 Lower-middle 25% of properties

Bottom/Fourth $ 389,000 1000 2.0 1.5 44 13 2 3 17 Least expensive 25% of properties

Page 2 of 16 Monday April 24, 2017

7-day Average 90-day Average

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 3 of 16 Monday April 24, 2017

Price per Square Foot

7-day Average 90-day Average

Inventory of Properties Listed for Sale

7-day Average 90-day Average

Page 4 of 16 Monday April 24, 2017

Market Action Index

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 5 of 16 Monday April 24, 2017

7-day Average 90-day Average

Days on Market per Quartile

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 6 of 16 Monday April 24, 2017

This Week Real-Time Market Profile Trend

Most Expensive Listing $ 825,000

trending down recently. While days- Average Age of Listing 28

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 649,500 1459 2.5 2.5 30 6 1 0 26 Most expensive 25% of properties

Upper/Second $ 624,900 1900 3.0 2.5 28 7 0 2 15 Upper-middle 25% of properties

Lower/Third $ 535,000 1352 2.0 2.0 28 7 0 1 35 Lower-middle 25% of properties

Page 7 of 16 Monday April 24, 2017

7-day Average 90-day Average

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 8 of 16 Monday April 24, 2017

Price per Square Foot

7-day Average 90-day Average

Inventory of Properties Listed for Sale

7-day Average 90-day Average

Page 9 of 16 Monday April 24, 2017

Market Action Index

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

First/Top Second/Upper Third/Lower Fourth/Bottom

Page 10 of 16 Monday April 24, 2017

7-day Average 90-day Average

Mission Viejo Condo & Single Family Homes Weekly Update

Mission Viejo Condo & Single Family Homes Weekly Update