Mission Viejo - Condo

Monday November 6, 2017
Your Local Market's MISSION VIEJO, CA

Executive Summary Condos - Townhomes
This Week
Real-Time Market Profile Trend
Median List Price $ 549,450 +
Asking Price Per Square Foot $ 383 ==
The median list price in MISSION VIEJO, CA this week is $549,450. Average Days on Market (DOM) 70
Percent of Properties with Price Decrease 36 %
Percent Relisted (reset DOM) 11 %
Inventory is tightening and days-on-market is falling. The Market
Action Index shows demand heating up. These are relatively bullish Percent Flip (price increased) 5%
signs for prices. Median House Size (sq ft) 1360
Median Number of Bedrooms 2.0
Median Number of Bathrooms 2.0
Market Action Index Strong Seller's 52.9 +
Supply and Demand

In the last few weeks the market has achieved a relative stasis point + No change == Strong upward trend Strong downward trend
in terms of sales to inventory. However, inventory is sufficiently low
to keep us in the Seller's Market zone so watch changes in the MAI. = Slight upward trend Slight downward trend
If the market heats up, prices are likely to resume an upward climb.
Price
Market Action Index The market is 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 $ 630,000 1570 3.0 2.5 30 11 2 2 96 Most expensive 25% of properties
Upper/Second $ 579,900 1506 3.0 2.5 31 11 1 2 60 Upper-middle 25% of properties
Lower/Third $ 499,000 1300 2.0 2.0 28 11 1 3 97 Lower-middle 25% of properties
Bottom/Fourth $ 419,500 1040 2.0 1.5 37 11 0 4 29 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

November 06, 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 $ 549,450 +
VIEJO, CA this week is $549,450. The Average List Price $ 543,084
44 properties have been on the Asking Price Per Square Foot $ 383 ==
market for an average of 70 days. Average Days on Market (DoM) 70
Inventory of Properties Listed 44
Most Expensive Listing $ 1,198,000

Inventory is tightening and days-on- Least Expensive Listing $ 283,000
market is falling. The Market Action Average Age of Listing 30

Index shows demand heating up. Percent of Properties with Price Decrease 36 %
These are relatively bullish signs for Percent Relisted (reset DOM) 11 %
prices. Percent Flip (price increased) 5%
Median House Size (sq ft) 1360
Supply and Demand Altos Research Value Statistics

In the last few weeks the market has Market Action Index Strong Seller's 52.9 +
achieved a relative stasis point in 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
terms of sales to inventory. implies a seller's advantage. Below 30, conditions give the advantage to the
However, inventory is sufficiently buyer.
low to keep us in the Seller's Market
zone and prices have recently Trend Key: == Strong upward trend Strong downward trend
resumed upward pressure. + No change = Slight upward trend Slight downward trend
Characteristics per Quartile
Quartile Median Price Sq. Ft. Beds Baths Age Inventory New Absorbed DOM
Page 2 of 16 Monday November 6, 2017

Condos & Townhomes in
City Overview
.
MISSION VIEJO, CA
Median Price
Prices have moved upward in the last few weeks and are nearing the market's all time high. A persistent drop of the Market
Action Index into the Buyer's zone will be a leading indicator of the price strength subsiding.
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 price per square foot is increasing fairly consistently recently despite the fact that overall price trends haven't shown a
consistent upwardly push. This can imply that investment conditions are opportunistic. Watch the Remodel Index for a more
detailed analysis of the investment opportunity in the area.
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 52.91; 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 70 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 $ 568,687
$579,900. The 30 properties have Asking Price Per Square Foot $ 388 +
been on the market for an average of Average Days on Market (DoM) 78

78 days. Inventory of Properties Listed 30 =
Most Expensive Listing $ 1,198,000

Demand measured by the Market Least Expensive Listing $ 283,000
Action Index is increasing and days- Average Age of Listing 30

on-market is trending downward. Percent of Properties with Price Decrease 37 %
Even as more properties come Percent Relisted (reset DOM) 7%
available, these are positive trends Percent Flip (price increased) 7%
for the market. Median House Size (sq ft) 1447

The market has been cooling off a Market Action Index Strong Seller's 46.6
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
However, the market is still notably buyer.
in the Seller's zone so we haven't yet
seen prices move lower as a result. Trend Key: == Strong upward trend Strong downward trend
It may take a few more weeks of + No change = Slight upward trend Slight downward trend
slack demand for prices to reflect
and begin to fall. Expect this
condition if the index falls to the
Buyer's zone.

Neighborhood Detail
.
MISSION VIEJO, CA
92692
Median Price
Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we may be
seeing the start of a good price stretch here. We'll look at the Market Action Index later in the report to gauge the leading
indicators.
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

In a market where prices are rising some, 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.

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
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 46.61; 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 52 or so days.


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

VIEJO, CA 92691 this week is Average List Price $ 488,221
$480,500. The 14 properties have Asking Price Per Square Foot $ 378 ==
been on the market for an average of Average Days on Market (DoM) 54

54 days. Inventory of Properties Listed 14
Most Expensive Listing $ 630,000

Inventory is tightening and days-on- Least Expensive Listing $ 340,000
market is falling. The Market Action Average Age of Listing 32

Index shows demand heating up. Percent of Properties with Price Decrease 36 %
These are relatively bullish signs for Percent Relisted (reset DOM) 21 %
prices. Percent Flip (price increased) 0%
Median House Size (sq ft) 1214

In the last few weeks the market has Market Action Index Strong Seller's 64.3 +
achieved a relative stasis point in The Market Action Index answers the question "How's the Market?" by measuring
terms of sales to inventory. implies a seller's advantage. Below 30, conditions give the advantage to the
However, inventory is sufficiently buyer.
low to keep us in the Seller's Market
zone so watch changes in the MAI. If Trend Key: == Strong upward trend Strong downward trend
the market heats up, prices are + No change = Slight upward trend Slight downward trend
likely to resume an upward climb.

Neighborhood Detail
.
MISSION VIEJO, CA
92691
Median Price
In the last few weeks we've seen prices in this zip code bouncing around these current levels. Look for a persistent change in the
Market Action Index before we see prices deviate 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 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.

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
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 64.27; 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 32 or so days.


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Monday November 6, 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 $ 630,000 1570 3.0 2.5 30 11 2 2 96 Most expensive 25% of properties

Upper/Second $ 579,900 1506 3.0 2.5 31 11 1 2 60 Upper-middle 25% of properties

Lower/Third $ 499,000 1300 2.0 2.0 28 11 1 3 97 Lower-middle 25% of properties

Bottom/Fourth $ 419,500 1040 2.0 1.5 37 11 0 4 29 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 70 days. Average Days on Market (DoM) 70

Inventory of Properties Listed 44

Most Expensive Listing $ 1,198,000

market is falling. The Market Action Average Age of Listing 30

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 630,000 1570 3.0 2.5 30 11 2 2 96 Most expensive 25% of properties

Upper/Second $ 579,900 1506 3.0 2.5 31 11 1 2 60 Upper-middle 25% of properties

Lower/Third $ 499,000 1300 2.0 2.0 28 11 1 3 97 Lower-middle 25% of properties

Bottom/Fourth $ 419,500 1040 2.0 1.5 37 11 0 4 29 Least expensive 25% of properties

Page 2 of 16 Monday November 6, 2017

7-day Average 90-day Average

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

Page 3 of 16 Monday November 6, 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 November 6, 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 November 6, 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 November 6, 2017

This Week Real-Time Market Profile Trend

been on the market for an average of Average Days on Market (DoM) 78

Most Expensive Listing $ 1,198,000

Action Index is increasing and days- Average Age of Listing 30

Supply and Demand Altos Research Value Statistics

Characteristics per Quartile

Top/First $ 649,900 1570 3.0 2.5 30 7 2 1 95 Most expensive 25% of properties

Upper/Second $ 609,000 1483 3.0 2.5 30 7 0 0 73 Upper-middle 25% of properties

Lower/Third $ 549,450 1452 2.5 2.0 28 8 1 5 114 Lower-middle 25% of properties

Bottom/Fourth $ 452,500 1142 2.0 2.0 30 8 0 1 32 Least expensive 25% of properties

Page 7 of 16 Monday November 6, 2017

7-day Average 90-day Average

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

Page 8 of 16 Monday November 6, 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 November 6, 2017

Market Action Index

90-day Average Buyers/Sellers Cutoff