Mission Viejo Condo & Single Family Home Sales 5-1

Monday May 1, 2017
Your Local Market's MISSION VIEJO, CA

Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 555,000 +
Asking Price Per Square Foot $ 353 +
The median list price in MISSION VIEJO, CA this week is $555,000. Average Days on Market (DOM) 44 +
Percent of Properties with Price Decrease 18 %
Percent Relisted (reset DOM) 27 %
Demand measured by the Market Action Index is increasing and
days-on-market is holding steady. With more properties coming Percent Flip (price increased) 2%
available, conditions are mildly positive. Median House Size (sq ft) 1418
Median Number of Bedrooms 3.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 65.2 ==
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 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.
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 $ 650,000 1936 3.0 2.5 21 11 2 2 44 Most expensive 25% of properties
Upper/Second $ 624,900 1550 2.0 2.0 28 11 4 4 23 Upper-middle 25% of properties
Lower/Third $ 528,000 1414 3.0 2.0 28 11 3 4 66 Lower-middle 25% of properties
Bottom/Fourth $ 399,900 1158 2.5 1.5 40 12 2 7 45 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

May 01, 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 $ 555,000 +
VIEJO, CA this week is $555,000. The Average List Price $ 549,780
45 properties have been on the Asking Price Per Square Foot $ 353 +
market for an average of 44 days. Average Days on Market (DoM) 44 +
Inventory of Properties Listed 45 ==
Most Expensive Listing $ 825,000

Demand measured by the Market Least Expensive Listing $ 320,000
Action Index is increasing and days- Average Age of Listing 29

on-market is holding steady. With Percent of Properties with Price Decrease 18 %
more properties coming available, Percent Relisted (reset DOM) 27 %
conditions are mildly positive. Percent Flip (price increased) 2%
Median House Size (sq ft) 1418
Supply and Demand Altos Research Value Statistics

Home sales continue to outstrip Market Action Index Strong Seller's 65.2 ==
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 May 1, 2017

Condos & Townhomes in
City Overview
.
MISSION VIEJO, CA
Median Price
The market seems to have paused around its high point. Look for a persistent down-shift in the Market Action Index before we
see prices deviate from these levels.
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 65.22; 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 44 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 $ 589,389
$611,950. The 28 properties have Asking Price Per Square Foot $ 389 =
been on the market for an average of Average Days on Market (DoM) 50
50 days. Inventory of Properties Listed 28 ==

Inventory is up and Market Action is Least Expensive Listing $ 459,000
trending down recently. While days- Average Age of Listing 29

on-market appears to be trending Percent of Properties with Price Decrease 14 %
lower, the overall conditions are Percent Relisted (reset DOM) 25 %
weakening a bit. Percent Flip (price increased) 4%

The market continues to get hotter. Market Action Index Strong Seller's 56.7 ==
More sales demand and fewer homes The Market Action Index answers the question "How's the Market?" by measuring
listed have contributed to a implies a seller's advantage. Below 30, conditions give the advantage to the
relatively long run of increasing buyer.
prices. Current supply and demand
levels show no sign of prices Trend Key: == Strong upward trend Strong downward trend
changing from their current trend. + No change = Slight upward trend Slight downward trend

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
Prices in this zip code hit another all time high this week. You can see that prices continue to march higher. Look for a
persistent downtrend in the Market Action Index into the Buyer's zone as a leading indicator of the price strength finally abating.
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 market appears to be placing a mildly increasing premium on homes. When list prices and price per square foot increase in
tandem, as they're doing now, you can often find short-term investment opportunities. Watch the Market Action Index for
persistent changes as a leading indicator for these trends to flatten or drop.


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 56.74; 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 18 or so days.


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

$425,000. The 17 properties have Asking Price Per Square Foot $ 345 +
been on the market for an average of Average Days on Market (DoM) 35 =
35 days. Inventory of Properties Listed 17 ==

Inventory and days-on-market are Least Expensive Listing $ 320,000
both trending higher recently. Average Age of Listing 29

However, the improving Market Percent of Properties with Price Decrease 24 %
Action Index implies some increased Percent Relisted (reset DOM) 29 %
demand will temper the negative Percent Flip (price increased) 0%
trends. Median House Size (sq ft) 1158

The market has been cooling off a Market Action Index Strong Seller's 69.6
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
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will
be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
Quartile Prices
In the quartile market segments, we see pricing across most of this zip code relatively strong recently. While Quartile 3 is
basically flat, all other segments are in an up trend period. Unless the Market Action Index has a persistent downward shift,
expect that Quartile 3 will assume a similar trend with the other groups.

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 May 1, 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 $ 371 +
The median list price in MISSION VIEJO, CA this week is $789,900. Average Days on Market (DOM) 51 =
Percent of Properties with Price Decrease 33 %
Percent Relisted (reset DOM) 38 %
Inventory has been lightening lately and the Market Action Index
has been trending up. Though days-on-market is increasing, these Percent Flip (price increased) 3%
are mildly positive indications for the market. Median House Size (sq ft) 2200
Median Lot Size 4,501 - 6,500 sqft
Supply and Demand Market Action Index Strong Seller's 49.4 +
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 $ 1,185,000 3520 8,000 sqft 4.0 3.0 27 45 1 3 87 Most expensive 25% of properties
4,501 -
Upper/Second $ 871,950 2578 6,500 sqft 4.0 2.5 37 46 16 10 31 Upper-middle 25% of properties
4,501 -
Lower/Third $ 739,000 1938 6,500 sqft 3.0 2.2 40 46 10 10 53 Lower-middle 25% of properties
Less than
Bottom/Fourth $ 633,950 1430 4,500 sqft 3.0 2.0 41 46 11 9 34 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

May 01, 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 $ 897,599
183 properties have been on the Asking Price Per Square Foot $ 371 +
market for an average of 51 days. Average Days on Market (DoM) 51 =
Inventory of Properties Listed 183
Most Expensive Listing $ 4,200,000

Inventory has been lightening lately Least Expensive Listing $ 475,000
and the Market Action Index has been Average Age of Listing 35
trending up. Though days-on-market Percent of Properties with Price Decrease 33 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 38 %
indications for the market. Percent Flip (price increased) 3%
Supply and Demand

Altos Research Value Statistics

In the last few weeks the market has Market Action Index Strong Seller's 49.4 +
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
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 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.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the 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 49.38; 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 28 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 =
56 days. Inventory of Properties Listed 120

Inventory has been lightening lately Least Expensive Listing $ 475,000
and the Market Action Index has been Average Age of Listing 30
trending up. Though days-on-market Percent of Properties with Price Decrease 34 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 38 %
indications for the market. Percent Flip (price increased) 3%
Supply and Demand


The market remains in a relative Market Action Index Seller's Advantage 44.6 +
stasis in terms of sales to inventory The Market Action Index answers the question "How's the Market?" by measuring
and prices have been relatively implies a seller's advantage. Below 30, conditions give the advantage to the
stable for a few 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, prices are likely to
resume an upward climb.
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 at a plateau even though prices dipped this week. Look for a persistent change in the
Market Action Index (up or down) before we see prices significantly deviate from these levels.
Quartile Prices

Neighborhood Detail
.
MISSION VIEJO, CA
92692

these levels.

Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to
the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Market Action Index

The MISSION VIEJO, 92692 market is currently in the Seller's Advantage zone (greater than 30). The 90-day Market Action Index
stands at 44.56 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.


Neighborhood Detail
.
MISSION VIEJO, CA
92692
Days on Market
past 28 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) 41 +
41 days. Inventory of Properties Listed 63 +

With inventory and days-on-market Least Expensive Listing $ 539,900
basically unchanged and the Market Average Age of Listing 44

Action Index increasing, the market is Percent of Properties with Price Decrease 30 %
not sending strong directional signal Percent Relisted (reset DOM) 40 %
for the near-term outlook. Percent Flip (price increased) 2%
Supply and Demand


In the last few weeks the market has Market Action Index Strong Seller's 59.9 +
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 -
Top/First $ 959,000 2897 8,000 sqft 4.0 3.0 43 15 5 3 22 Most expensive 25% of properties
6,501 -
4,501 -
4,501 -

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
Index before we see prices deviate from these levels.
Quartile Prices

Neighborhood Detail
.
MISSION VIEJO, CA
92691

these levels.

Inventory has been relatively steady around these levels in recent weeks.

Neighborhood Detail
.
MISSION VIEJO, CA
92691
Market Action Index



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


Mission Viejo Condo &amp; Single Family Home Sales 5-1

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Monday May 1, 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 $ 650,000 1936 3.0 2.5 21 11 2 2 44 Most expensive 25% of properties

Upper/Second $ 624,900 1550 2.0 2.0 28 11 4 4 23 Upper-middle 25% of properties

Lower/Third $ 528,000 1414 3.0 2.0 28 11 3 4 66 Lower-middle 25% of properties

Bottom/Fourth $ 399,900 1158 2.5 1.5 40 12 2 7 45 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 45 ==

Most Expensive Listing $ 825,000

Action Index is increasing and days- Average Age of Listing 29

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 650,000 1936 3.0 2.5 21 11 2 2 44 Most expensive 25% of properties

Upper/Second $ 624,900 1550 2.0 2.0 28 11 4 4 23 Upper-middle 25% of properties

Lower/Third $ 528,000 1414 3.0 2.0 28 11 3 4 66 Lower-middle 25% of properties

Bottom/Fourth $ 399,900 1158 2.5 1.5 40 12 2 7 45 Least expensive 25% of properties

Page 2 of 16 Monday May 1, 2017

7-day Average 90-day Average

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

Page 3 of 16 Monday May 1, 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 May 1, 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 May 1, 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 May 1, 2017

This Week Real-Time Market Profile Trend

Most Expensive Listing $ 825,000

trending down recently. While days- Average Age of Listing 29

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 649,000 1781 3.0 2.5 27 7 2 1 27 Most expensive 25% of properties

Upper/Second $ 625,000 1767 2.0 2.0 28 7 2 2 18 Upper-middle 25% of properties

Lower/Third $ 555,000 1333 2.0 2.0 32 7 3 1 33 Lower-middle 25% of properties

Page 7 of 16 Monday May 1, 2017

7-day Average 90-day Average

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

Page 8 of 16 Monday May 1, 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 May 1, 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 May 1, 2017

7-day Average 90-day Average

Mission Viejo Condo & Single Family Home Sales 5-1

Mission Viejo Condo & Single Family Home Sales 5-1