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This Week
Real-Time Market Profile Trend
Median List Price $ 819,000 +
Asking Price Per Square Foot $ 367 +
The median list price in MISSION VIEJO, CA this week is $819,000. Average Days on Market (DOM) 55 +
Percent of Properties with Price Decrease 49 %
Percent Relisted (reset DOM) 13 %
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 6%
market. Median House Size (sq ft) 2301
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 Prices appear to be hovering around their high point. Look for a
persistent down-shift 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 $ 889,900 2700 6,500 sqft 4.0 3.0 37 45 6 7 52 Upper-middle 25% of properties
4,501 -
Lower/Third $ 750,000 2059 6,500 sqft 4.0 2.5 37 45 9 7 40 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 639,900 1463 4,500 sqft 3.0 2.0 41 45 7 11 43 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
and the Market Action Index has been Average Age of Listing 35
trending up. These are mildly positive Percent of Properties with Price Decrease 49 %
indications for the market. Percent Relisted (reset DOM) 13 %
Percent Flip (price increased) 6%
Median House Size (sq ft) 2301
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
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 $ 1,132,450 3408 8,000 sqft 4.0 3.0 26 44 3 5 85 Most expensive 25% of properties
4,501 -
Upper/Second $ 889,900 2700 6,500 sqft 4.0 3.0 37 45 6 7 52 Upper-middle 25% of properties
4,501 -
Lower/Third $ 750,000 2059 6,500 sqft 4.0 2.5 37 45 9 7 40 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 639,900 1463 4,500 sqft 3.0 2.0 41 45 7 11 43 Least expensive 25% of properties
Median Price
Prices appear to be 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
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 55 days. Half of the listings have come newly on the market in the
past 35 or so days.
.
MISSION VIEJO, CA
92692
and the Market Action Index has been Average Age of Listing 30
trending up. Though days-on-market Percent of Properties with Price Decrease 50 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 14 %
indications for the market. Percent Flip (price increased) 6%
Median House Size (sq ft) 2522
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
prices have been flat for several 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
weeks. Since we're in the Seller's implies a seller's advantage. Below 30, conditions give the advantage to the
zone, watch for changes in MAI. If buyer.
the MAI resumes its climb, prices
will likely follow suit. If the MAI Trend Key: == Strong upward trend Strong downward trend
drops consistently or falls into the + No change = Slight upward trend Slight downward trend
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 $ 1,169,900 3511 8,000 sqft 5.0 3.5 25 27 2 2 101 Most expensive 25% of properties
4,501 -
Upper/Second $ 959,000 3097 6,500 sqft 4.0 3.0 27 27 0 6 73 Upper-middle 25% of properties
4,501 -
Lower/Third $ 799,450 2268 6,500 sqft 3.5 2.5 32 28 4 4 42 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 670,000 1496 4,500 sqft 2.0 2.0 38 28 5 6 47 Least expensive 25% of properties
Median Price
Despite the fact that prices in this zip code dipped a bit this week, the median price hasn't moved much in the last few weeks
and we remain relatively close to the market's high-water mark. Watch for persistent downward shift in the Market Action Index
into the Buyer's zone as a leading indicator of the price strength subsiding.
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 65 days. Half of the listings have come newly on the market in the
past 46 or so days.
.
MISSION VIEJO, CA
92691
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 $ 939,000 2867 8,000 sqft 4.0 2.5 44 17 3 1 40 Most expensive 25% of properties
6,501 -
Upper/Second $ 819,000 2500 8,000 sqft 4.0 3.0 45 17 5 4 33 Upper-middle 25% of properties
4,501 -
Lower/Third $ 699,500 1677 6,500 sqft 3.0 2.0 43 17 3 2 42 Lower-middle 25% of properties
4,501 -
Bottom/Fourth $ 633,900 1462 6,500 sqft 3.0 2.0 41 18 3 5 37 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 38 days. Half of the listings have come newly on the market in the
past 28 or so days.