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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
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
Quartiles
7-Day Rolling Average 90-Day Rolling Average
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
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Your Local Market's
MARKET UPDATE
MISSION VIEJO, CA
Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Single Family Homes in
.
MISSION VIEJO, CA
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.
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
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.
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 50 days. Half of the listings have come newly on the market in the
past 35 or so days.
.
MISSION VIEJO, CA
92692
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
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
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.
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 59 days. Half of the listings have come newly on the market in the
past 42 or so days.
.
MISSION VIEJO, CA
92691
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 $ 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
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.
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 35 days. Half of the listings have come newly on the market in the
past 28 or so days.