You are on page 1of 17

Monday October 2, 2017

Your Local Market's MISSION VIEJO, CA


Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 798,900 +
Asking Price Per Square Foot $ 371 +
The median list price in MISSION VIEJO, CA this week is $798,900. Average Days on Market (DOM) 65 ==
Percent of Properties with Price Decrease 46 %
Percent Relisted (reset DOM) 14 %
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) 7%
are mildly positive indications for the market. Median House Size (sq ft) 2230
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 48.6 =

While the Market Action Index shows some strengthening in the last + No change == Strong upward trend Strong downward trend
few weeks, prices have not seemed to move from their plateau.
Should the upward trend in sales relative to inventory continue, = Slight upward trend Slight downward trend
expect prices to resume an upward climb in tandem with the MAI.

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 Sq. Ft. Lot Size Beds Baths Age Inventory New Absorbed DOM
6,501 -
Top/First $ 1,154,500 3429 8,000 sqft 4.0 3.0 27 34 2 5 106 Most expensive 25% of properties

4,501 -
Upper/Second $ 869,900 2601 6,500 sqft 4.0 3.0 33 35 9 4 60 Upper-middle 25% of properties

4,501 -
Lower/Third $ 749,900 1976 6,500 sqft 3.0 2.5 40 35 6 7 46 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 629,500 1360 4,500 sqft 3.0 2.0 41 35 6 8 51 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 Single Family Homes


Trends in Pricing
Current Levels of Supply and Demand
Value Metrics

Report for the week of


October 02, 2017

Presented by Your Local Market Reports


.
.
.

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 $ 798,900 +
VIEJO, CA this week is $798,900. The Average List Price $ 861,583
139 properties have been on the Asking Price Per Square Foot $ 371 +

market for an average of 65 days. Average Days on Market (DoM) 65 ==

Inventory of Properties Listed 139

Most Expensive Listing $ 2,310,000


Inventory has been lightening lately Least Expensive Listing $ 450,000

and the Market Action Index has been Average Age of Listing 35
trending up. Though days-on-market Percent of Properties with Price Decrease 46 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 14 %
indications for the market. Percent Flip (price increased) 7%
Median House Size (sq ft) 2230
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


While the Market Action Index shows Market Action Index Strong Seller's 48.6 =

some strengthening in the last few 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, prices have not seemed to implies a seller's advantage. Below 30, conditions give the advantage to the
move from their plateau. Should the buyer.
upward trend in sales relative to
inventory continue, expect prices to Trend Key: == Strong upward trend Strong downward trend
resume an upward climb in tandem + No change = Slight upward trend Slight downward trend
with the MAI.

Characteristics per Quartile

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

6,501 -
Top/First $ 1,154,500 3429 8,000 sqft 4.0 3.0 27 34 2 5 106 Most expensive 25% of properties

4,501 -
Upper/Second $ 869,900 2601 6,500 sqft 4.0 3.0 33 35 9 4 60 Upper-middle 25% of properties

4,501 -
Lower/Third $ 749,900 1976 6,500 sqft 3.0 2.5 40 35 6 7 46 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 629,500 1360 4,500 sqft 3.0 2.0 41 35 6 8 51 Least expensive 25% of properties

Page 2 of 16 Monday October 2, 2017


Single Family Homes 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

Page 3 of 16 Monday October 2, 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 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 4 of 16 Monday October 2, 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 48.65; 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 October 2, 2017


Single Family Homes in
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 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 6 of 16 Monday October 2, 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 $ 819,000 +
VIEJO, CA 92692 this week is Average List Price $ 899,184
$819,000. The 93 properties have Asking Price Per Square Foot $ 368 +

been on the market for an average of Average Days on Market (DoM) 75 ==


75 days. Inventory of Properties Listed 93

Most Expensive Listing $ 2,310,000


Inventory has been lightening lately Least Expensive Listing $ 535,000

and the Market Action Index has been Average Age of Listing 31
trending up. Though days-on-market Percent of Properties with Price Decrease 47 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 14 %
indications for the market. Percent Flip (price increased) 9%
Median House Size (sq ft) 2305
Median Lot Size 4,501 - 6,500 sqft
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 3.0

Altos Research Value Statistics


The market remains in a relative Market Action Index Seller's Advantage 43.0 +

stasis in terms of sales to inventory. 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
Prices have not been moving higher implies a seller's advantage. Below 30, conditions give the advantage to the
for several weeks. However, buyer.
inventory is sufficiently low to keep
us in the Seller's Market zone so Trend Key: == Strong upward trend Strong downward trend
watch changes in the MAI. If the + No change = Slight upward trend Slight downward trend
market heats up persistently, prices
are likely to resume an upward
climb.

Characteristics per Quartile

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

6,501 -
Top/First $ 1,200,000 3450 8,000 sqft 4.0 3.0 26 23 2 4 116 Most expensive 25% of properties

4,501 -
Upper/Second $ 929,000 2906 6,500 sqft 4.0 3.0 27 23 3 2 80 Upper-middle 25% of properties

4,501 -
Lower/Third $ 769,000 2045 6,500 sqft 4.0 2.5 34 23 7 4 47 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 627,250 1344 4,500 sqft 2.0 2.0 40 24 3 4 57 Least expensive 25% of properties

Page 7 of 16 Monday October 2, 2017


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

Median Price
Prices in this zip code seem to have settled around a plateau. 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
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 October 2, 2017


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

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 9 of 16 Monday October 2, 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 43.04 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 October 2, 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 75 days. Half of the listings have come newly on the market in the
past 56 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 October 2, 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 $ 749,900 +
VIEJO, CA 92691 this week is Average List Price $ 785,563
$749,900. The 46 properties have Asking Price Per Square Foot $ 390 +

been on the market for an average of Average Days on Market (DoM) 46 +


46 days. Inventory of Properties Listed 46

Most Expensive Listing $ 1,299,900


Inventory has been lightening lately Least Expensive Listing $ 450,000

and the Market Action Index has been Average Age of Listing 43
trending up. These are mildly positive Percent of Properties with Price Decrease 43 %
indications for the market. Percent Relisted (reset DOM) 15 %
Percent Flip (price increased) 4%
Median House Size (sq ft) 2058
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0

Supply and Demand


Median Number of Bathrooms 2.5

Altos Research Value Statistics


Home sales continue to outstrip Market Action Index Strong Seller's 59.2 ==

supply and the Market Action Index 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
has been moving higher for several implies a seller's advantage. Below 30, conditions give the advantage to the
weeks. This is a Seller's market so buyer.
watch for upward pricing pressure in
the near future if the trend Trend Key: == Strong upward trend Strong downward trend
continues. + 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 $ 949,000 3000 8,000 sqft 4.0 2.5 46 11 0 1 64 Most expensive 25% of properties

6,501 -
Upper/Second $ 799,000 2362 8,000 sqft 4.0 2.5 43 11 3 3 29 Upper-middle 25% of properties

6,501 -
Lower/Third $ 704,700 1548 8,000 sqft 3.0 2.0 46 12 3 3 36 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 644,450 1468 6,500 sqft 3.0 2.0 40 12 2 3 55 Least expensive 25% of properties

Page 12 of 16 Monday October 2, 2017


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

Median Price
Prices in this zip code seem to have settled around a plateau. 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
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 October 2, 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 October 2, 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 59.15; 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 October 2, 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 46 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 16 of 16 Monday October 2, 2017

You might also like