Mission Viejo - Condo

Monday September 18, 2017
Your Local Market's MISSION VIEJO, CA

Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 529,000 +
Asking Price Per Square Foot $ 377 =
The median list price in MISSION VIEJO, CA this week is $529,000. Average Days on Market (DOM) 65 ==
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 5%
The Market Action index has been trending down lately, while
days-on-market is climbing, providing mostly bearish signs for the Percent Flip (price increased) 7%
market. Median House Size (sq ft) 1300
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 55.0
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 1749 3.0 2.5 25 13 0 1 90 Most expensive 25% of properties
Upper/Second $ 550,000 1487 3.0 2.5 32 14 2 1 51 Upper-middle 25% of properties
Lower/Third $ 504,450 1293 2.0 2.0 28 14 3 3 90 Lower-middle 25% of properties
Bottom/Fourth $ 385,000 950 2.0 1.5 38 14 1 2 30 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

September 18, 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 $ 529,000 +
VIEJO, CA this week is $529,000. The Average List Price $ 518,522
55 properties have been on the Asking Price Per Square Foot $ 377 =
market for an average of 65 days. Average Days on Market (DoM) 65 ==
Inventory of Properties Listed 55 +
Most Expensive Listing $ 730,000

The Market Action index has been Least Expensive Listing $ 249,900
trending down lately, while days-on- Average Age of Listing 31

market is climbing, providing mostly Percent of Properties with Price Decrease 36 %
bearish signs for the market. Percent Relisted (reset DOM) 5%
Percent Flip (price increased) 7%
Median House Size (sq ft) 1300
Supply and Demand Altos Research Value Statistics

The market has been cooling off Market Action Index Strong Seller's 55.0
consistently for several weeks, as 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
more homes are available and implies a seller's advantage. Below 30, conditions give the advantage to the
demand is less. We have begun to buyer.
seen prices move lower as a result.
If the MAI falls into the Buyer's zone, Trend Key: == Strong upward trend Strong downward trend
it is likely that prices continue their + No change = Slight upward trend Slight downward trend
downward trend until we see some
turnaround in Market Action.
Characteristics per Quartile
Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM
Page 2 of 16 Monday September 18, 2017

Condos & Townhomes in
City Overview
.
MISSION VIEJO, CA
Median Price
The market has been on a downward trend in the last few weeks and this week, while essentially flat, doesn't break us out of
that cycle.
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

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.
Inventory of Properties Listed for Sale

Inventory has been relatively steady around these levels in recent weeks.

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 55.03; 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 65 days. Half of the listings have come newly on the market in the
past 42 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 $ 560,925
$549,750. The 34 properties have Asking Price Per Square Foot $ 397 ==
been on the market for an average of Average Days on Market (DoM) 71 ==

71 days. Inventory of Properties Listed 34

Inventory has been decreasing lately Least Expensive Listing $ 425,000
but the Market Action Index is falling Average Age of Listing 29

also. With days-on-market climbing, Percent of Properties with Price Decrease 44 %
these are relatively negative Percent Relisted (reset DOM) 0%
implications for the market. Percent Flip (price increased) 12 %

The market has been cooling off a Market Action Index Strong Seller's 46.0
bit in recent weeks, as more homes The Market Action Index answers the question "How's the Market?" by measuring
are available and demand is less. implies a seller's advantage. Below 30, conditions give the advantage to the
We're already seeing prices move buyer.
lower as a result. Expect this trend
to continue especially if the index Trend Key: == Strong upward trend Strong downward trend
falls to the Buyer's zone. Watch for a + No change = Slight upward trend Slight downward trend
persistent up-turn in Market Action
to signal prices rising again.

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of
that cycle.
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

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.

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.

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 46.00; 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 56 or so days.


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

VIEJO, CA 92691 this week is Average List Price $ 449,871
$419,000. The 21 properties have Asking Price Per Square Foot $ 370 =
been on the market for an average of Average Days on Market (DoM) 54 ==

54 days. Inventory of Properties Listed 21 =

The Market Action Index has been Least Expensive Listing $ 249,900
trending down lately, while inventory Average Age of Listing 34

and days-on-market are climbing. The Percent of Properties with Price Decrease 24 %
trends imply a weakening market. Percent Relisted (reset DOM) 14 %
Percent Flip (price increased) 0%

The market has started cooling and Market Action Index Strong Seller's 72.0
prices have been flat for several The Market Action Index answers the question "How's the Market?" by measuring
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.

Neighborhood Detail
.
MISSION VIEJO, CA
92691
Median Price
Prices in this zip code are bouncing around near term trough. Look for a persistent up-shift in the Market Action Index before we
see prices move 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 appears to be on the upswing, 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.

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.

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 72.00; 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 21 or so days.


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Monday September 18, 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 1749 3.0 2.5 25 13 0 1 90 Most expensive 25% of properties

Upper/Second $ 550,000 1487 3.0 2.5 32 14 2 1 51 Upper-middle 25% of properties

Lower/Third $ 504,450 1293 2.0 2.0 28 14 3 3 90 Lower-middle 25% of properties

Bottom/Fourth $ 385,000 950 2.0 1.5 38 14 1 2 30 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 65 days. Average Days on Market (DoM) 65 ==

Inventory of Properties Listed 55 +

Most Expensive Listing $ 730,000

trending down lately, while days-on- Average Age of Listing 31

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 639,900 1749 3.0 2.5 25 13 0 1 90 Most expensive 25% of properties

Upper/Second $ 550,000 1487 3.0 2.5 32 14 2 1 51 Upper-middle 25% of properties

Lower/Third $ 504,450 1293 2.0 2.0 28 14 3 3 90 Lower-middle 25% of properties

Bottom/Fourth $ 385,000 950 2.0 1.5 38 14 1 2 30 Least expensive 25% of properties

Page 2 of 16 Monday September 18, 2017

7-day Average 90-day Average

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

Page 3 of 16 Monday September 18, 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 September 18, 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 September 18, 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 September 18, 2017

This Week Real-Time Market Profile Trend

been on the market for an average of Average Days on Market (DoM) 71 ==

Most Expensive Listing $ 730,000

but the Market Action Index is falling Average Age of Listing 29

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 644,900 1524 2.5 2.2 34 8 0 0 59 Most expensive 25% of properties

Upper/Second $ 599,900 1526 3.0 2.5 30 8 1 1 59 Upper-middle 25% of properties

Lower/Third $ 545,000 1284 2.0 2.0 28 9 1 0 71 Lower-middle 25% of properties

Bottom/Fourth $ 459,999 1286 2.0 2.0 24 9 1 2 95 Least expensive 25% of properties

Page 7 of 16 Monday September 18, 2017

7-day Average 90-day Average

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

Page 8 of 16 Monday September 18, 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 September 18, 2017

Market Action Index

90-day Average Buyers/Sellers Cutoff