Mission Viejo - Condo

Monday August 21, 2017
Your Local Market's MISSION VIEJO, CA

Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 549,424 +
Asking Price Per Square Foot $ 364 +
The median list price in MISSION VIEJO, CA this week is $549,424. Average Days on Market (DOM) 51 ==
Percent of Properties with Price Decrease 43 %
Percent Relisted (reset DOM) 6%
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) 2%
are mildly positive indications for the market. Median House Size (sq ft) 1389
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 61.5
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 $ 639,900 1812 3.0 2.5 22 13 0 4 71 Most expensive 25% of properties
Upper/Second $ 599,900 1700 3.0 2.5 32 13 2 2 41 Upper-middle 25% of properties
Lower/Third $ 514,250 1293 2.0 2.0 28 14 3 2 76 Lower-middle 25% of properties
Bottom/Fourth $ 392,500 1038 2.0 1.5 45 14 5 5 16 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 21, 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 Condos & Townhomes in
.
MISSION VIEJO, CA
This Week Real-Time Market Profile Trend

The median list price in MISSION Median List Price $ 549,424 +
VIEJO, CA this week is $549,424. The Average List Price $ 527,245
54 properties have been on the Asking Price Per Square Foot $ 364 +
market for an average of 51 days. Average Days on Market (DoM) 51 ==
Inventory of Properties Listed 54
Most Expensive Listing $ 759,900

Inventory has been lightening lately Least Expensive Listing $ 255,000
and the Market Action Index has been Average Age of Listing 31
trending up. Though days-on-market Percent of Properties with Price Decrease 43 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 6%
indications for the market. Percent Flip (price increased) 2%
Median House Size (sq ft) 1389
Supply and Demand Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 61.5
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 21, 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 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 61.46; 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 51 days. Half of the listings have come newly on the market in the
past 24 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 $ 570,764
$598,000. The 35 properties have Asking Price Per Square Foot $ 377
been on the market for an average of Average Days on Market (DoM) 58 ==

58 days. Inventory of Properties Listed 35

Inventory has been lightening lately Least Expensive Listing $ 425,000
and the Market Action Index has been Average Age of Listing 29
trending up. Though days-on-market Percent of Properties with Price Decrease 49 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 9%
indications for the market. Percent Flip (price increased) 3%

The market has been cooling over Market Action Index Strong Seller's 53.1
time and prices plateaued for a The Market Action Index answers the question "How's the Market?" by measuring
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.

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action
Index before we see prices 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.

Neighborhood Detail
.
MISSION VIEJO, CA
92692

While prices have been basically flat, the price per square foot has been heading downward. While not a sign of broad strength
in a market, larger homes are coming more available and buyers are tending to get more home for their money.


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 53.09; 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 42 or so days.


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

VIEJO, CA 92691 this week is Average List Price $ 447,078
$419,000. The 19 properties have Asking Price Per Square Foot $ 344
been on the market for an average of Average Days on Market (DoM) 38

38 days. Inventory of Properties Listed 19

Inventory is tightening and days-on- Least Expensive Listing $ 255,000
market is falling. The Market Action Average Age of Listing 36

Index shows demand heating up. Percent of Properties with Price Decrease 32 %
These are relatively bullish signs for Percent Relisted (reset DOM) 0%
prices. Percent Flip (price increased) 0%

Home sales have been exceeding Market Action Index Strong Seller's 76.0 ==
new inventory for several weeks. The Market Action Index answers the question "How's the Market?" by measuring
However prices have not yet stopped implies a seller's advantage. Below 30, conditions give the advantage to the
falling. Since the market is already buyer.
in the Seller's zone, expect prices to
level off very soon. Should the sales Trend Key: == Strong upward trend Strong downward trend
trend continue expect that prices + No change = Slight upward trend Slight downward trend
could climb from there.

Neighborhood Detail
.
MISSION VIEJO, CA
92691
Median Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. A pickup in demand will
be reflected in the Market Action Index, so watch that chart to try to identify a trough in the market.
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 market's light downward trends are shared across both price and value. People are recently placing less value on homes
(you can see the recent declines in price per square foot as evidence.) Look for significant changes in the Market Action Index as
a precursor to price and value changes, possibly as inflection points for good investment opportunities.


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 75.98; 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 21, 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 $ 639,900 1812 3.0 2.5 22 13 0 4 71 Most expensive 25% of properties

Upper/Second $ 599,900 1700 3.0 2.5 32 13 2 2 41 Upper-middle 25% of properties

Lower/Third $ 514,250 1293 2.0 2.0 28 14 3 2 76 Lower-middle 25% of properties

Bottom/Fourth $ 392,500 1038 2.0 1.5 45 14 5 5 16 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 51 days. Average Days on Market (DoM) 51 ==

Inventory of Properties Listed 54

Most Expensive Listing $ 759,900

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 639,900 1812 3.0 2.5 22 13 0 4 71 Most expensive 25% of properties

Upper/Second $ 599,900 1700 3.0 2.5 32 13 2 2 41 Upper-middle 25% of properties

Lower/Third $ 514,250 1293 2.0 2.0 28 14 3 2 76 Lower-middle 25% of properties

Bottom/Fourth $ 392,500 1038 2.0 1.5 45 14 5 5 16 Least expensive 25% of properties

Page 2 of 16 Monday August 21, 2017

7-day Average 90-day Average

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

Page 3 of 16 Monday August 21, 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 21, 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 21, 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 21, 2017

This Week Real-Time Market Profile Trend

been on the market for an average of Average Days on Market (DoM) 58 ==

Most Expensive Listing $ 759,900

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 639,450 1691 3.0 2.5 31 8 0 3 38 Most expensive 25% of properties

Upper/Second $ 619,000 1720 3.0 2.5 26 9 2 0 44 Upper-middle 25% of properties

Lower/Third $ 548,850 1454 2.0 2.0 25 9 0 2 65 Lower-middle 25% of properties

Bottom/Fourth $ 470,000 1255 2.0 2.0 27 9 4 1 82 Least expensive 25% of properties

Page 7 of 16 Monday August 21, 2017

7-day Average 90-day Average

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

Page 8 of 16 Monday August 21, 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 21, 2017

Market Action Index

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

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