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Monday June 5, 2017

Your Local Market's MISSION VIEJO, CA


Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 798,000 +
Asking Price Per Square Foot $ 369 +
The median list price in MISSION VIEJO, CA this week is $798,000. Average Days on Market (DOM) 50 ==
Percent of Properties with Price Decrease 43 %
Percent Relisted (reset DOM) 15 %
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) 3%
negative implications for the market. Median House Size (sq ft) 2269
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0
Median Number of Bathrooms 2.5

Supply and Demand Market Action Index Strong Seller's 48.6

The market has started cooling and prices have recently plateaued. + No change == Strong upward trend Strong downward trend
Since we're in the Seller's zone, watch for changes in MAI. If the MAI
resumes its climb, prices will likely follow suit. If the MAI drops = Slight upward trend Slight downward trend
consistently or falls into the Buyer's zone, watch for downward
pressure on prices.

Price
Market Action Index The market seems to have paused around its high point. 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 Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
4,501 -
Top/First $ 1,146,950 3440 6,500 sqft 4.5 3.0 26 42 4 1 71 Most expensive 25% of properties

4,501 -
Upper/Second $ 889,000 2675 6,500 sqft 4.0 3.0 38 43 8 9 43 Upper-middle 25% of properties

4,501 -
Lower/Third $ 748,800 1882 6,500 sqft 3.0 2.5 40 43 3 10 43 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 627,900 1453 4,500 sqft 3.0 2.0 40 43 9 11 43 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 Single Family Homes


Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of


June 05, 2017

Presented by Your Local Market Reports


.
.
.

Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Single Family Homes in

.
MISSION VIEJO, CA

This Week Real-Time Market Profile Trend


The median list price in MISSION Median List Price $ 798,000 +
VIEJO, CA this week is $798,000. The Average List Price $ 854,326
171 properties have been on the Asking Price Per Square Foot $ 369 +

market for an average of 50 days. Average Days on Market (DoM) 50 ==

Inventory of Properties Listed 171

Most Expensive Listing $ 2,475,000


Inventory has been decreasing lately Least Expensive Listing $ 145,000

but the Market Action Index is falling Average Age of Listing 36


also. With days-on-market climbing, Percent of Properties with Price Decrease 43 %
these are relatively negative Percent Relisted (reset DOM) 15 %
implications for the market. Percent Flip (price increased) 3%
Median House Size (sq ft) 2269
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 2.5

Altos Research Value Statistics


The market has started cooling and Market Action Index Strong Seller's 48.6

prices have recently plateaued. 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
Since we're in the Seller's zone, implies a seller's advantage. Below 30, conditions give the advantage to the
watch for changes in MAI. If the MAI buyer.
resumes its climb, prices will likely
follow suit. If the MAI drops Trend Key: == Strong upward trend Strong downward trend
consistently or falls into the Buyer's + No change = Slight upward trend Slight downward trend
zone, watch for downward pressure
on prices.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

4,501 -
Top/First $ 1,146,950 3440 6,500 sqft 4.5 3.0 26 42 4 1 71 Most expensive 25% of properties

4,501 -
Upper/Second $ 889,000 2675 6,500 sqft 4.0 3.0 38 43 8 9 43 Upper-middle 25% of properties

4,501 -
Lower/Third $ 748,800 1882 6,500 sqft 3.0 2.5 40 43 3 10 43 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 627,900 1453 4,500 sqft 3.0 2.0 40 43 9 11 43 Least expensive 25% of properties

Page 2 of 16 Monday June 5, 2017


Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Median Price
Prices have been hovering around the market's 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

Page 3 of 16 Monday June 5, 2017


Single Family Homes in
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.

7-day Average 90-day Average

Inventory of Properties Listed for Sale


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.

7-day Average 90-day Average

Page 4 of 16 Monday June 5, 2017


Single Family Homes in
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 48.59; 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.

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

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.

Page 5 of 16 Monday June 5, 2017


Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Days on Market
The properties have been on the market for an average of 50 days. Half of the listings have come newly on the market in the
past 35 or so days.

7-day Average 90-day Average

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.

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

Page 6 of 16 Monday June 5, 2017


Neighborhood Detail Single Family Homes in

.
MISSION VIEJO, CA
92692

This Week Real-Time Market Profile Trend


The median list price in MISSION Median List Price $ 815,000 +
VIEJO, CA 92692 this week is Average List Price $ 892,831
$815,000. The 105 properties have Asking Price Per Square Foot $ 369 +

been on the market for an average of Average Days on Market (DoM) 59 ==


59 days. Inventory of Properties Listed 105

Most Expensive Listing $ 2,475,000


Inventory has been decreasing lately Least Expensive Listing $ 439,000

but the Market Action Index is falling Average Age of Listing 30


also. With days-on-market climbing, Percent of Properties with Price Decrease 48 %
these are relatively negative Percent Relisted (reset DOM) 15 %
implications for the market. Percent Flip (price increased) 4%
Median House Size (sq ft) 2471
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 3.0

Altos Research Value Statistics


The market has been cooling over Market Action Index Seller's Advantage 43.0

time and prices have recently 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
flattened. Despite the consistent implies a seller's advantage. Below 30, conditions give the advantage to the
decrease in Market Action Index buyer.
(MAI), we're in a Seller's Market
(where significant demand leaves Trend Key: == Strong upward trend Strong downward trend
little inventory available). If the + No change = Slight upward trend Slight downward trend
MAI begins to climb, prices will likely
follow suit. If the MAI drops
consistently or falls into the Buyer's
zone, watch for downward pressure

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

6,501 -
Top/First $ 1,170,500 3450 8,000 sqft 4.5 3.0 26 26 1 1 87 Most expensive 25% of properties

4,501 -
Upper/Second $ 959,450 2916 6,500 sqft 4.0 3.0 26 26 4 2 53 Upper-middle 25% of properties

4,501 -
Lower/Third $ 754,500 2018 6,500 sqft 3.5 2.5 34 26 2 6 43 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 640,000 1472 4,500 sqft 3.0 2.0 36 27 4 4 53 Least expensive 25% of properties

Page 7 of 16 Monday June 5, 2017


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

Median Price
In the last few weeks we've seen prices in this zip code bouncing around these current levels. Look for a persistent change in the
Market Action Index before we see prices deviate significantly from here.

7-day Average 90-day Average

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.

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

Page 8 of 16 Monday June 5, 2017


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

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.

7-day Average 90-day Average

Inventory of Properties Listed for Sale


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.

7-day Average 90-day Average

Page 9 of 16 Monday June 5, 2017


Single Family Homes in
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 43.02 which indicates that demand is strong and available supply of homes gets snapped up relatively quickly.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile


Not surprisingly, all segments in this zip code 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.

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

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.

Page 10 of 16 Monday June 5, 2017


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

Days on Market
The properties have been on the market for an average of 59 days. Half of the listings have come newly on the market in the
past 42 or so days.

7-day Average 90-day Average

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.

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

Page 11 of 16 Monday June 5, 2017


Neighborhood Detail Single Family Homes in

.
MISSION VIEJO, CA
92691

This Week Real-Time Market Profile Trend


The median list price in MISSION Median List Price $ 759,450 +
VIEJO, CA 92691 this week is Average List Price $ 793,069
$759,450. The 66 properties have Asking Price Per Square Foot $ 370 ==

been on the market for an average of Average Days on Market (DoM) 35 =


35 days. Inventory of Properties Listed 66 +

Most Expensive Listing $ 1,399,999


Even though the days-on-market is Least Expensive Listing $ 145,000

trending higher, so is the Market Average Age of Listing 44


Action Index at these inventory Percent of Properties with Price Decrease 36 %
levels, providing a neutral outlook for Percent Relisted (reset DOM) 14 %
the market. Percent Flip (price increased) 2%
Median House Size (sq ft) 2082
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 2.5

Altos Research Value Statistics


The market has started cooling and Market Action Index Strong Seller's 60.0

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.

Characteristics per Quartile

Quartile Median Price Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM

6,501 -
Top/First $ 967,444 2939 8,000 sqft 4.0 3.0 41 16 4 3 42 Most expensive 25% of properties

6,501 -
Upper/Second $ 807,500 2531 8,000 sqft 4.0 2.5 48 16 2 5 28 Upper-middle 25% of properties

6,501 -
Lower/Third $ 725,000 1875 8,000 sqft 4.0 2.0 44 17 2 3 44 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 619,000 1330 8,000 sqft 3.0 2.0 46 17 5 7 25 Least expensive 25% of properties

Page 12 of 16 Monday June 5, 2017


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

Median Price
We continue to see the market at a plateau. This week prices bumped down a bit. Look for a persistent down-shift in the Market
Action Index before we see prices significantly deviate from these levels.

7-day Average 90-day Average

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.

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

Page 13 of 16 Monday June 5, 2017


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

Price per Square Foot


The value placed on homes continues to increase, despite the fact that prices in general have remained basically flat. These
conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.

7-day Average 90-day Average

Inventory of Properties Listed for Sale


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

7-day Average 90-day Average

Page 14 of 16 Monday June 5, 2017


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

Market Action Index


The MISSION VIEJO, 92691 market is currently quite strongly in the Seller's Advantage zone (greater than 30). The 90-day Market
Action Index stands at 60.05; indicating very little supply relative to the demand.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile


Not surprisingly, all segments in this zip code 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.

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

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.

Page 15 of 16 Monday June 5, 2017


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

Days on Market
The properties have been on the market for an average of 35 days. Half of the listings have come newly on the market in the
past 28 or so days.

7-day Average 90-day Average

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.

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

Page 16 of 16 Monday June 5, 2017

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