Mission Viejo - Condo

Monday August 7, 2017
Your Local Market's MISSION VIEJO, CA

Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 549,975 +
Asking Price Per Square Foot $ 362 +
The median list price in MISSION VIEJO, CA this week is $549,975. Average Days on Market (DOM) 43
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 10 %
Demand measured by the Market Action Index is increasing and
days-on-market is trending downward. Even as more properties Percent Flip (price increased) 0%
come available, these are positive trends for the market. Median House Size (sq ft) 1452
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 58.3
Supply and Demand

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 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 $ 649,492 1803 3.0 2.5 29 14 5 3 50 Most expensive 25% of properties
Upper/Second $ 607,450 1749 2.5 2.5 28 14 2 4 39 Upper-middle 25% of properties
Lower/Third $ 524,900 1286 2.0 2.0 28 15 4 2 67 Lower-middle 25% of properties
Bottom/Fourth $ 395,000 1141 2.0 1.5 45 15 8 6 17 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

August 07, 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 $ 549,975 +
VIEJO, CA this week is $549,975. The Average List Price $ 539,840
58 properties have been on the Asking Price Per Square Foot $ 362 +
market for an average of 43 days. Average Days on Market (DoM) 43
Inventory of Properties Listed 58 ==
Most Expensive Listing $ 774,900

Demand measured by the Market Least Expensive Listing $ 329,900
Action Index is increasing and days- Average Age of Listing 32

on-market is trending downward. Percent of Properties with Price Decrease 36 %
Even as more properties come Percent Relisted (reset DOM) 10 %
available, these are positive trends Percent Flip (price increased) 0%
for the market. Median House Size (sq ft) 1452
Supply and Demand Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 58.3
time and prices plateaued for a 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
while. Despite the consistent implies a seller's advantage. Below 30, conditions give the advantage to the
decrease in MAI, we're in the Seller's buyer.
zone. Watch for changes in MAI. If
the MAI resumes it's climb, prices Trend Key: == Strong upward trend Strong downward trend
will likely follow suit. If the MAI + No change = Slight upward trend Slight downward trend
drops consistently or falls into the
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 August 7, 2017

Condos & Townhomes in
City Overview
.
MISSION VIEJO, CA
Median Price
The market appears to be hovering around this plateau. This week prices eased down a bit. The Market Action Index is a good
leading indicator for the durability of this shift.
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 58.28; 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 18 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 $ 577,851
$591,500. The 36 properties have Asking Price Per Square Foot $ 394 ==
been on the market for an average of Average Days on Market (DoM) 49 ==

49 days. Inventory of Properties Listed 36 ==

Inventory and days-on-market are Least Expensive Listing $ 349,900
both trending higher recently. Average Age of Listing 30

However, the improving Market Percent of Properties with Price Decrease 44 %
Action Index implies some increased Percent Relisted (reset DOM) 11 %
demand will temper the negative Percent Flip (price increased) 0%
trends. Median House Size (sq ft) 1480

The market has been cooling over Market Action Index Strong Seller's 52.5
time and prices have recently The Market Action Index answers the question "How's the Market?" by measuring
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

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
While the median price in this zip code hasn't moved much in the last few weeks, we are relatively close to the market's high-
water mark. Watch for persistent downward shift in the Market Action Index into the Buyer's zone as a leading indicator of the
price strength subsiding.
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 value placed on homes continues to increase, despite the fact that prices in general have been basically flat recently.
These conditions can arise when inventory is light and more, smaller homes have more influence on overall prices.


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 52.52; 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 35 or so days.


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

VIEJO, CA 92691 this week is Average List Price $ 477,640
$419,500. The 22 properties have Asking Price Per Square Foot $ 357 +
been on the market for an average of Average Days on Market (DoM) 34 +

34 days. Inventory of Properties Listed 22 ==

The Market Action Index has been Least Expensive Listing $ 329,900
trending down lately, while inventory Average Age of Listing 35

is climbing. These trends imply a Percent of Properties with Price Decrease 23 %
weakening market. Percent Relisted (reset DOM) 9%
Percent Flip (price increased) 0%
Median House Size (sq ft) 1158

The market has been at a stasis Market Action Index Strong Seller's 68.2 +
point in terms of sales to inventory. The Market Action Index answers the question "How's the Market?" by measuring
However, prices seem to continue to implies a seller's advantage. Below 30, conditions give the advantage to the
fall a bit. Technically supply levels buyer.
indicate this is a Seller's market so it
is likely that the downward pricing Trend Key: == Strong upward trend Strong downward trend
pressure will be light or variable. + No change = Slight upward trend Slight downward trend

Neighborhood Detail
.
MISSION VIEJO, CA
92691
Median Price
Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their
absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading
indicator for a trough in prices.
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

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

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 68.23; 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 August 7, 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 $ 649,492 1803 3.0 2.5 29 14 5 3 50 Most expensive 25% of properties

Upper/Second $ 607,450 1749 2.5 2.5 28 14 2 4 39 Upper-middle 25% of properties

Lower/Third $ 524,900 1286 2.0 2.0 28 15 4 2 67 Lower-middle 25% of properties

Bottom/Fourth $ 395,000 1141 2.0 1.5 45 15 8 6 17 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 58 ==

Most Expensive Listing $ 774,900

Action Index is increasing and days- Average Age of Listing 32

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 649,492 1803 3.0 2.5 29 14 5 3 50 Most expensive 25% of properties

Upper/Second $ 607,450 1749 2.5 2.5 28 14 2 4 39 Upper-middle 25% of properties

Lower/Third $ 524,900 1286 2.0 2.0 28 15 4 2 67 Lower-middle 25% of properties

Bottom/Fourth $ 395,000 1141 2.0 1.5 45 15 8 6 17 Least expensive 25% of properties

Page 2 of 16 Monday August 7, 2017

7-day Average 90-day Average

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

Page 3 of 16 Monday August 7, 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 August 7, 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 August 7, 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 August 7, 2017

This Week Real-Time Market Profile Trend

been on the market for an average of Average Days on Market (DoM) 49 ==

Most Expensive Listing $ 774,900

both trending higher recently. Average Age of Listing 30

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 659,900 1570 3.0 2.5 32 9 4 3 30 Most expensive 25% of properties

Upper/Second $ 622,500 1749 2.0 2.5 26 9 2 1 40 Upper-middle 25% of properties

Lower/Third $ 549,950 1497 2.0 2.0 25 9 2 3 48 Lower-middle 25% of properties

Bottom/Fourth $ 489,900 1255 2.0 2.0 30 9 3 2 78 Least expensive 25% of properties

Page 7 of 16 Monday August 7, 2017

7-day Average 90-day Average

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

Page 8 of 16 Monday August 7, 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 August 7, 2017

Market Action Index

90-day Average Buyers/Sellers Cutoff