Monday July 17, 2017

Your Local Market's MISSION VIEJO, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 815,000 +
Asking Price Per Square Foot $ 367 +
The median list price in MISSION VIEJO, CA this week is $815,000. Average Days on Market (DOM) 53 +
Percent of Properties with Price Decrease 44 %
Percent Relisted (reset DOM) 11 %
With inventory and days-on-market basically unchanged and the
Market Action Index increasing, the market is not sending strong Percent Flip (price increased) 6%
directional signal for the near-term outlook. 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

Supply and Demand Market Action Index Strong Seller's 46.7

The market has been cooling over time and prices plateaued for a + No change == Strong upward trend Strong downward trend
while. Despite the consistent decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If the MAI resumes it's climb, prices = Slight upward trend Slight downward trend
will likely follow suit. If the MAI drops consistently or falls into the
Buyer's zone, watch for downward pressure on prices.

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

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 $ 1,135,000 3434 6,500 sqft 4.0 3.0 26 45 2 2 76 Most expensive 25% of properties

4,501 -
Upper/Second $ 892,500 2692 6,500 sqft 4.0 2.5 37 46 10 7 46 Upper-middle 25% of properties

4,501 -
Lower/Third $ 749,950 1909 6,500 sqft 3.5 2.5 38 46 9 12 46 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 649,900 1484 6,500 sqft 3.0 2.0 40 46 12 11 44 Least expensive 25% of properties

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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

July 17, 2017

Presented by Your Local Market Reports

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.
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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 $ 815,000 +
VIEJO, CA this week is $815,000. The Average List Price $ 867,405
183 properties have been on the Asking Price Per Square Foot $ 367 +

market for an average of 53 days. Average Days on Market (DoM) 53 +

Inventory of Properties Listed 183 +

Most Expensive Listing $ 2,370,000

With inventory and days-on-market Least Expensive Listing $ 339,000

basically unchanged and the Market Average Age of Listing 35

Action Index increasing, the market is Percent of Properties with Price Decrease 44 %
not sending strong directional signal Percent Relisted (reset DOM) 11 %
for the near-term outlook. 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

Supply and Demand

Median Number of Bathrooms 2.5

Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 46.7

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

Characteristics per Quartile

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

4,501 -
Top/First $ 1,135,000 3434 6,500 sqft 4.0 3.0 26 45 2 2 76 Most expensive 25% of properties

4,501 -
Upper/Second $ 892,500 2692 6,500 sqft 4.0 2.5 37 46 10 7 46 Upper-middle 25% of properties

4,501 -
Lower/Third $ 749,950 1909 6,500 sqft 3.5 2.5 38 46 9 12 46 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 649,900 1484 6,500 sqft 3.0 2.0 40 46 12 11 44 Least expensive 25% of properties

Page 2 of 16 Monday July 17, 2017

 Single Family Homes in
City Overview
.
MISSION VIEJO, CA

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.

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 July 17, 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 relatively steady around these levels in recent weeks.

7-day Average 90-day Average

Page 4 of 16 Monday July 17, 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 46.69; 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 July 17, 2017

 Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Days on Market
The properties have been on the market for an average of 53 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 July 17, 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 $ 862,400 +
VIEJO, CA 92692 this week is Average List Price $ 912,965
$862,400. The 112 properties have Asking Price Per Square Foot $ 360 +

been on the market for an average of Average Days on Market (DoM) 63 ==

63 days. Inventory of Properties Listed 112 =

Most Expensive Listing $ 2,370,000

The Market Action Index has been Least Expensive Listing $ 439,000

trending down lately, while inventory Average Age of Listing 29

and days-on-market are climbing. The Percent of Properties with Price Decrease 46 %
trends imply a weakening market. Percent Relisted (reset DOM) 12 %
Percent Flip (price increased) 6%
Median House Size (sq ft) 2518
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 been cooling over Market Action Index Seller's Advantage 42.7

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

Characteristics per Quartile

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

4,501 -
Top/First $ 1,149,450 3480 6,500 sqft 4.0 3.0 25 28 1 2 92 Most expensive 25% of properties

4,501 -
Upper/Second $ 964,484 2966 6,500 sqft 4.0 3.0 26 28 5 3 60 Upper-middle 25% of properties

4,501 -
Lower/Third $ 791,000 2154 6,500 sqft 4.0 2.5 32 28 2 7 51 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 654,950 1484 4,500 sqft 3.0 2.0 38 28 8 6 48 Least expensive 25% of properties

Page 7 of 16 Monday July 17, 2017

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

Median Price
You can see that prices in this zip code have been upward in the last few weeks and that we're getting close to the market's all
time high. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the
price strength subsiding.

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 July 17, 2017

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

Price per Square Foot

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.

7-day Average 90-day Average

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.

7-day Average 90-day Average

Page 9 of 16 Monday July 17, 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 42.75 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 July 17, 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 63 days. Half of the listings have come newly on the market in the
past 49 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 July 17, 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 $ 778,800 +
VIEJO, CA 92691 this week is Average List Price $ 795,536
$778,800. The 71 properties have Asking Price Per Square Foot $ 386 +

been on the market for an average of Average Days on Market (DoM) 37 ==

37 days. Inventory of Properties Listed 71

Most Expensive Listing $ 1,399,999

Inventory has been lightening lately Least Expensive Listing $ 339,000

and the Market Action Index has been Average Age of Listing 44
trending up. Though days-on-market Percent of Properties with Price Decrease 41 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 8%
indications for the market. Percent Flip (price increased) 6%
Median House Size (sq ft) 1986
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 2.0

Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 53.9

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

Characteristics per Quartile

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

6,501 -
Top/First $ 935,000 2882 8,000 sqft 4.0 3.0 45 17 3 0 37 Most expensive 25% of properties

6,501 -
Upper/Second $ 837,500 2504 8,000 sqft 4.0 2.5 45 18 5 6 31 Upper-middle 25% of properties

6,501 -
Lower/Third $ 724,700 1810 8,000 sqft 4.0 2.0 44 18 4 3 45 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 639,900 1466 8,000 sqft 3.0 2.0 43 18 5 5 34 Least expensive 25% of properties

Page 12 of 16 Monday July 17, 2017

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

Median Price
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market
Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high
points.

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 July 17, 2017

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

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 14 of 16 Monday July 17, 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 53.88; 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 July 17, 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 37 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 July 17, 2017