Wednesday, September 8, 2010

Mission Viejo at South OC Housing Market Update - August 2010 Sales Down

Mission Viejo at South Orange County, CA, is a master planned residential community, wanted by lots of folks for living places, with reasonable cost of housing, good neighborhoods, larger homes, for sale and lease, and has an active housing market.  Mission Viejo homes sold August 2010

See MISSION VIEJO SINGLE FAMILY DETACHED HOME LISTINGS - click here for free link.

96 Mission Viejo homes were sold during August, 2010.
 
Average sold price was $486,714 for sold Mission Viejo homes.

16 of those sold at Mission Viejo were bank owned REOs after foreclosure.

20 of those sold at Mission Viejo were short sales (20.8% of market), and 60 were standard equity sales.

Mission Viejo housing market

 

Mission Viejo REALTORs and agents sold 103 homes during August 2009. 

Mission Viejo sold August 2009

 

So August 2010 saw a 7.2% decrease of Mission Viejo homes sales, which we expected after elimination of homebuyer tax credits.  

430 Mission Viejo homes are now listed for sale. 

Average list price for those MV homes is $552k.

See MISSION VIEJO CONDO HOME FOR ALE LISTINGS - click here for free active link.

  • 130 of those Mission Viejo homes are attached condos, and the other 300 are single family detached. 
  • 20 Mission Viejo homes now listed are bank owned REOs after foreclosure (just 4.6% of the market). 
  • 158 of those MV homes now listed are short sales (36.7% of market, which is high).

See MISSION VIEJO CENTRAL AREA HOMES LISTED FOR SALE - click here for free active link.

MARKET TIME - It would theoretically take about 4.5 months for the market to sell all Mission Viejo homes now on the market, which is balanced and not favoring buyers or sellers.

Mission Viejo is a healthy residential community, located near places of employment, with solid demand for housing, and continues to be sought after by people who want and need homes. 

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Information source: Southern California Multiple Listing Service

Harrison K. Long @ Live At Orange County
"Helping People, Moving Forward, Developing Positive Relationships and Protecting Property Values" 
Business Solutions, REALTOR® and broker associate, Coldwell Banker Residential Brokerage - 949-854-7747 - CA DRE 01410855 - 
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Posted via email from Explore OC Homes

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