Mission Viejo - Condo

Monday June 12, 2017
Your Local Market's MISSION VIEJO, CA

Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 535,000 +
Asking Price Per Square Foot $ 370 +
The median list price in MISSION VIEJO, CA this week is $535,000. Average Days on Market (DOM) 43 =
Percent of Properties with Price Decrease 11 %
Percent Relisted (reset DOM) 5%
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) 5%
are mildly positive indications for the market. Median House Size (sq ft) 1400
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 68.9
Supply and Demand

The market has started cooling and prices have been flat for several + No change == Strong upward trend Strong downward trend
weeks. 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 = Slight upward trend Slight downward trend
drops consistently or falls into the Buyer's zone, watch for downward
pressure on prices.
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 Square Feet Beds Baths Age Inventory New Absorbed DOM
Top/First $ 669,900 1745 3.0 2.5 19 9 2 1 59 Most expensive 25% of properties
Upper/Second $ 599,000 1497 3.0 2.0 28 9 2 1 25 Upper-middle 25% of properties
Lower/Third $ 499,900 1308 2.0 2.0 30 9 3 4 61 Lower-middle 25% of properties
Bottom/Fourth $ 386,900 978 2.0 1.5 35 10 4 3 28 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

June 12, 2017
Presented by Your Local Market Reports

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Powered by Altos Research LLC | www.altosresearch.com | Copyright 2005-2016 Altos Research LLC
City Overview Condos & Townhomes in
.
MISSION VIEJO, CA
This Week Real-Time Market Profile Trend

The median list price in MISSION Median List Price $ 535,000 +
VIEJO, CA this week is $535,000. The Average List Price $ 531,467
37 properties have been on the Asking Price Per Square Foot $ 370 +
market for an average of 43 days. Average Days on Market (DoM) 43 =
Inventory of Properties Listed 37
Most Expensive Listing $ 758,888

Inventory has been lightening lately Least Expensive Listing $ 264,900
and the Market Action Index has been Average Age of Listing 29
trending up. Though days-on-market Percent of Properties with Price Decrease 11 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 5%
indications for the market. Percent Flip (price increased) 5%
Median House Size (sq ft) 1400
Supply and Demand Altos Research Value Statistics

The market has started cooling and Market Action Index Strong Seller's 68.9
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. Beds Baths Age Inventory New Absorbed DOM
Page 2 of 16 Monday June 12, 2017

Condos & Townhomes in
City Overview
.
MISSION VIEJO, CA
Median Price
The market appears to be hovering around these current levels. 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 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 68.93; 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 43 days. Half of the listings have come newly on the market in the
past 21 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 $ 570,957
$560,000. The 21 properties have Asking Price Per Square Foot $ 377 +
been on the market for an average of Average Days on Market (DoM) 43

43 days. Inventory of Properties Listed 21

Inventory is tightening and days-on- Least Expensive Listing $ 429,900
market is falling. But demand as Average Age of Listing 29

measured by the Market Action Index Percent of Properties with Price Decrease 10 %
is also trending down. The market is Percent Relisted (reset DOM) 5%
not giving strong up or down signals Percent Flip (price increased) 5%
from these data. Median House Size (sq ft) 1454

In the last few weeks the market has Market Action Index Strong Seller's 67.4 +
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 and prices have recently Trend Key: == Strong upward trend Strong downward trend
resumed upward pressure. + No change = Slight upward trend Slight downward trend

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
Though in this zip code this week saw relatively little price change from last week, the market seems to be show some signs of
strength. Keep an eye on the Market Action Index to see if this short-term trend can establish itself over the coming months.
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

In a market where prices are rising mildly, price per square foot is essentially flat. This often implies that new homes coming on
the market are pricier, and also larger than older homes. As a result the value one can buy stays the same.


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 67.37; 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 21 or so days.


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

VIEJO, CA 92691 this week is Average List Price $ 479,638
$459,450. The 16 properties have Asking Price Per Square Foot $ 358 =
been on the market for an average of Average Days on Market (DoM) 43 ==

43 days. Inventory of Properties Listed 16

Inventory has been lightening lately Least Expensive Listing $ 264,900
and the Market Action Index has been Average Age of Listing 29
trending up. Though days-on-market Percent of Properties with Price Decrease 12 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 6%
indications for the market. Percent Flip (price increased) 6%
Median House Size (sq ft) 1254

In the last few weeks the market has Market Action Index Strong Seller's 68.3 +
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.

Neighborhood Detail
.
MISSION VIEJO, CA
92691
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.

Neighborhood Detail
.
MISSION VIEJO, CA
92691

The value placed on homes seems to be trending up, 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
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 68.29; 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
92691
Days on Market
past 14 or so days.


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Monday June 12, 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 $ 669,900 1745 3.0 2.5 19 9 2 1 59 Most expensive 25% of properties

Upper/Second $ 599,000 1497 3.0 2.0 28 9 2 1 25 Upper-middle 25% of properties

Lower/Third $ 499,900 1308 2.0 2.0 30 9 3 4 61 Lower-middle 25% of properties

Bottom/Fourth $ 386,900 978 2.0 1.5 35 10 4 3 28 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

market for an average of 43 days. Average Days on Market (DoM) 43 =

Inventory of Properties Listed 37

Most Expensive Listing $ 758,888

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 669,900 1745 3.0 2.5 19 9 2 1 59 Most expensive 25% of properties

Upper/Second $ 599,000 1497 3.0 2.0 28 9 2 1 25 Upper-middle 25% of properties

Lower/Third $ 499,900 1308 2.0 2.0 30 9 3 4 61 Lower-middle 25% of properties

Bottom/Fourth $ 386,900 978 2.0 1.5 35 10 4 3 28 Least expensive 25% of properties

Page 2 of 16 Monday June 12, 2017

7-day Average 90-day Average

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

Page 3 of 16 Monday June 12, 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 June 12, 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 June 12, 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 June 12, 2017

This Week Real-Time Market Profile Trend

been on the market for an average of Average Days on Market (DoM) 43

Most Expensive Listing $ 758,888

market is falling. But demand as Average Age of Listing 29

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 650,000 1695 3.0 2.5 25 5 1 0 35 Most expensive 25% of properties

Upper/Second $ 620,000 1637 3.0 2.5 22 5 2 1 17 Upper-middle 25% of properties

Lower/Third $ 540,000 1462 2.0 2.0 31 5 0 1 32 Lower-middle 25% of properties

Bottom/Fourth $ 469,950 1265 2.0 2.0 28 6 3 2 80 Least expensive 25% of properties

Page 7 of 16 Monday June 12, 2017

7-day Average 90-day Average

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

Page 8 of 16 Monday June 12, 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 June 12, 2017

Market Action Index

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile