Monday November 6, 2017

Your Local Market's MISSION VIEJO, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 768,894 +
Asking Price Per Square Foot $ 384 ==
The median list price in MISSION VIEJO, CA this week is $768,894. Average Days on Market (DOM) 68
Percent of Properties with Price Decrease 46 %
Percent Relisted (reset DOM) 8%
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) 7%
signs for prices. Median House Size (sq ft) 2075
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 50.2 ==

Home sales continue to outstrip supply and the Market Action Index + No change == Strong upward trend Strong downward trend
has been moving higher for several weeks. This is a Seller's market
so watch for upward pricing pressure in the near future if the trend = Slight upward trend Slight downward trend
continues.

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 $ 1,118,500 3416 8,000 sqft 4.0 3.0 27 30 1 4 114 Most expensive 25% of properties

4,501 -
Upper/Second $ 826,950 2262 6,500 sqft 4.0 2.5 37 30 3 7 49 Upper-middle 25% of properties

4,501 -
Lower/Third $ 730,000 1913 6,500 sqft 3.0 2.0 40 31 7 7 47 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 599,900 1351 4,500 sqft 2.0 2.0 39 31 9 6 62 Least expensive 25% of properties

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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

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 Single Family Homes in

.
MISSION VIEJO, CA

This Week Real-Time Market Profile Trend

The median list price in MISSION Median List Price $ 768,894 +
VIEJO, CA this week is $768,894. The Average List Price $ 836,863
122 properties have been on the Asking Price Per Square Foot $ 384 ==

market for an average of 68 days. Average Days on Market (DoM) 68

Inventory of Properties Listed 122

Most Expensive Listing $ 1,950,000

Inventory is tightening and days-on- Least Expensive Listing $ 475,000

market is falling. The Market Action Average Age of Listing 33

Index shows demand heating up. Percent of Properties with Price Decrease 46 %
These are relatively bullish signs for Percent Relisted (reset DOM) 8%
prices. Percent Flip (price increased) 7%
Median House Size (sq ft) 2075
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

Home sales continue to outstrip Market Action Index Strong Seller's 50.2 ==

supply and the Market Action Index
has been moving higher for several
weeks. This is a Seller's market so
watch for upward pricing pressure in
the near future if the trend
continues.
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 a seller's advantage. Below 30, conditions give the advantage to the
buyer.
Trend Key: == Strong upward trend Strong downward trend
+ 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 $ 1,118,500 3416 8,000 sqft 4.0 3.0 27 30 1 4 114 Most expensive 25% of properties

4,501 -
Upper/Second $ 826,950 2262 6,500 sqft 4.0 2.5 37 30 3 7 49 Upper-middle 25% of properties

4,501 -
Lower/Third $ 730,000 1913 6,500 sqft 3.0 2.0 40 31 7 7 47 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 599,900 1351 4,500 sqft 2.0 2.0 39 31 9 6 62 Least expensive 25% of properties

Page 2 of 16 Monday November 6, 2017

 Single Family Homes in
City Overview
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MISSION VIEJO, CA

Median Price
Despite this week's down tic, the market seems to have paused around this plateau. 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

Page 3 of 16 Monday November 6, 2017

 Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Price per Square Foot

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.

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 November 6, 2017

 Single Family Homes in
City Overview
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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 50.18; 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 November 6, 2017

 Single Family Homes in
City Overview
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MISSION VIEJO, CA

Days on Market
The properties have been on the market for an average of 68 days. Half of the listings have come newly on the market in the
past 42 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 November 6, 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 $ 777,888 +
VIEJO, CA 92692 this week is Average List Price $ 861,310
$777,888. The 89 properties have Asking Price Per Square Foot $ 396 ==

been on the market for an average of Average Days on Market (DoM) 74

74 days. Inventory of Properties Listed 89 +

Most Expensive Listing $ 1,950,000

The Market Action Index has been Least Expensive Listing $ 475,000

climbing lately while days-on-market Average Age of Listing 30

are trending down, these point to a Percent of Properties with Price Decrease 44 %
positive near-term outlook for the Percent Relisted (reset DOM) 9%
market. Percent Flip (price increased) 9%
Median House Size (sq ft) 2061
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

The market remains in a relative Market Action Index Seller's Advantage 43.4 +

stasis in terms of sales to inventory.
Prices have not been moving higher
for several weeks. However,
inventory is sufficiently low to keep
us in the Seller's Market zone so
watch changes in the MAI. If the
market heats up persistently, prices
are likely to resume an upward
climb.
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 a seller's advantage. Below 30, conditions give the advantage to the
buyer.
Trend Key: == Strong upward trend Strong downward trend
+ 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 $ 1,249,500 3516 8,000 sqft 5.0 3.0 26 22 1 3 131 Most expensive 25% of properties

4,501 -
Upper/Second $ 866,207 2271 6,500 sqft 4.0 2.5 23 22 2 4 45 Upper-middle 25% of properties

Less than
Lower/Third $ 726,500 1720 4,500 sqft 3.0 2.2 38 22 4 4 61 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 599,000 1279 4,500 sqft 2.0 2.0 36 23 7 4 58 Least expensive 25% of properties

Page 7 of 16 Monday November 6, 2017

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

Median Price
Again this week in this zip code we see a downward notch for prices. We continue to pull back from the market's highs. 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.

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 November 6, 2017

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

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.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

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

7-day Average 90-day Average

Page 9 of 16 Monday November 6, 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 43.41 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 November 6, 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 74 days. Half of the listings have come newly on the market in the
past 42 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 November 6, 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 $ 759,900 +
VIEJO, CA 92691 this week is Average List Price $ 770,930
$759,900. The 33 properties have Asking Price Per Square Foot $ 364

been on the market for an average of Average Days on Market (DoM) 51

51 days. Inventory of Properties Listed 33

Most Expensive Listing $ 1,095,000

Inventory is tightening and days-on- Least Expensive Listing $ 529,000

market is falling. The Market Action Average Age of Listing 44

Index shows demand heating up. Percent of Properties with Price Decrease 52 %
These are relatively bullish signs for Percent Relisted (reset DOM) 6%
prices. Percent Flip (price increased) 0%
Median House Size (sq ft) 2166
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 63.7 ==

supply and the Market Action Index
has been moving higher for several
weeks. This is a Seller's market so
watch for upward pricing pressure in
the near future if the trend
continues.
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 a seller's advantage. Below 30, conditions give the advantage to the
buyer.
Trend Key: == Strong upward trend Strong downward trend
+ 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 $ 904,950 2576 8,000 sqft 4.0 2.5 43 8 1 1 82 Most expensive 25% of properties

6,501 -
Upper/Second $ 792,450 2244 8,000 sqft 4.0 2.5 44 8 0 1 46 Upper-middle 25% of properties

4,501 -
Lower/Third $ 749,450 1916 6,500 sqft 4.0 2.2 42 8 3 4 14 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 649,900 1472 6,500 sqft 3.0 2.0 45 9 2 3 62 Least expensive 25% of properties

Page 12 of 16 Monday November 6, 2017

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

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.

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 November 6, 2017

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

Price per Square Foot

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.

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 November 6, 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 63.65; indicating very little supply relative to the demand.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all segments in 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 November 6, 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 51 days. Half of the listings have come newly on the market in the
past 21 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 November 6, 2017