January 13, 2012
December Sales Up 10% - All Sales Up for 3 Months in a Row. Average Price One of the Lowest in 2011 $297,720
The buyers are enthusiastic about Aliso Viejo. New listings have decreased each month for the last three months but sales activity has increased significantly at the same time! One of the best sales months all year was in December. Look at that green column. The new inventory (blue column) is decreasing over the last few months of the year compared to the beginning of 2011. This means buyers better get busy if they are waiting for prices to go down. Inventory is disappearing and prices will go up once there are more buyers competing for fewer properties. The average days on market appear to be fairly stable. Most proprties close escrow 4 months from the date the are first put on the market. That usually means the property is on the market for around two months, then put in escrow for the inspections to be done and the appraisal completed, then the loan has to be approved by the Underwriters at the banks and the loan documents ordered and emailed to escrow. Those are signed, sent back, and the loan is funded. Then the County Recorder’s office records the transfer in ownership.
Average Price for December is one of the lowest in 2011
Some very old inventory moved off the books last month. A large number of sales took 7-12 months. Of course, those would be the short sales and a few equity sellers who had priced their units too high for this market. Even short sales can start out too high. Only after stagnating on the market for a few months will the lenders lower their prices. Some of these condos are in very unfortunate locations (near busy intersections, overlooking parking lots or the freeways, etc.). But someone will always buy a property at the right price. Tenants are not as choosy as homeowners and for investors this means they can buy and rent out the unit and make a profit.
- Median Price Drops to $295,000
This is not the lowest median price in 2011 but with the large number of sales involved it is very informative about the current market. Half of the almost 50 condos that sold were above this price and half below this price. If you have $295,000-$300,000 to spend, you can find a very nice condo in Aliso Viejo. This community is very popular with the younger segment of the population. It has a good supply of detached condos which appear to be small homes but they have advantages for some buyers. There are a few communities that even have landscaping services take care of all the front lawns. They are definitely cheaper than the single family homes.
Designed by Tim Sainburg from Brambling Design
Designed by Tim Sainburg from Brambling Design
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
December 7, 2011
- Sales Plummet to 11 Sold for the Month of November
The bad news is the sales in November were the lowest of the year with the exception of February, another month with many holidays. Actually, Thanksgiving weekend is usually the slowest real estate period of the year. Christmas and New Year are more active. Presumably, everyone is out shopping which is what the economy needs. Last year there were 13 sales for November and October. This year October was excellent with 22 sold and only 13 new listings. The good news is that there were only 13 new listings for November too, so the sales of 11 leaves us with additional inventory of only two homes. Overall there are 58 homes for sale in Aliso Viejo currently, plenty of inventory at all price brackets. This is a newer community with almost all of the homes built after 1989. Fifty-one of the 58 homes on the market, in fact, were built after 1989.
Four of the homes were on the market for around 200 days but that was the maximum. The average days on market was 131, one of the highest this year and up from 119 in October.
Click on the above link, then scroll down to the month, click on any month, the individual sales appear with links to more specific information.
Average Price in November 2011 Hits Highest Point Yet $751,067
Then there is the good news. More expensive homes are selling. Four sold between $936,000 and $1,269,000. This was by far the best month for the sellers with higher priced homes. The cheapest home sold for $185,100 but it was an attached home which feels like a condo.
Median Price Skyrockets to $712,142
Thank you to our buyers. When more expensive homes sell, then the median price shifts upward too. The highest median price for the last year before we got the November results was $635,500.
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate, Single Family Homes.
December 4, 2011
- Sales Increase to 40 – New Listings Arrive
The sellers in Aliso Viejo have jumped back into the market. Just when new inventory was dropping down to levels unseen in more than a year, we have a surge of interest by our sellers! Until October and September, 42 new listings was our low point. The market was surging with new inventory for most of this year and buyers were scooping up the bargains and the over-improved properties that were offered as short sales. Many condominium owners borrowed money to put in new kitchens and bathrooms, travertine and granite everywhere. Then the market crashed. Condominum owners move more often than other homeowners and many were caught off guard by the market’s swift decline. (Don’t you hate the unethical loan brokers who falsified loan applications and got people into loans they could not afford for more than 3 years?) Anyway, there are some absolutely beautiful condominiums selling for prices that do not include all of the money spent for upgrades. Most of the upgrades were made using second or equity loans on the properties and in a foreclosure or short sale situation, those loans are removed for the buyer for pennies on the dollar. In a HAFA sale, an equity or second loan on the house could settle for as little as $3000 to remove their lien for the buyer. Most of these loans exceed $100,000. Buyers can capture their first home at bargain prices and enjoy the upgrades without paying more for them. The Days on Market number dropped to 117, the lowest this year. One unit closed in 2 weeks!
For information on current listings including foreclosures, short sales, bank-owned property – email me at
cathleen@cathleenpryor.com
Average Price in November 2011 $311,912
The average price was up from October but well within the range for the last year. On the average sellers gave buyers a 3% discount on their last listed price to get the unit sold. This was also within the range all year long. Once the price is lowered to where the market is, the buyers will offer maybe 5% less and the agreement will be between 2% and 3% of the listed price. Everyone wants to negotiate, but sellers do not accept ridiculously low offers. Condominium prices are the lowest prices you can pay for owning your own residence in Aliso Viejo. Inventory is good, come and take a look. If you are an investor, there is a good market for great tenants. This community is centrally located and has easy access to numerous freeways, toll roads and parkways.
- Median Price Drops to $302,500
The median price for November was one of the lowest in the last year. It illustrates how motivated the Sellers were and many of these sellers were banks or banks that approved short sales. When you can purchase a condominium in a community that has developed since 1990, you can expect a fairly recently built structure and good facilities. Also, this community has the Mello-Roos payment through the tax collector but those bonds are close to being paid in full. Then the Mello-Roos component of the tax bill will disappear.
Designed by Tim Sainburg from Brambling Design
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
November 5, 2011
- Home Sales Continue to Surpass New Inventory
Aliso Viejo homeowners are having a great run. In the past three months ( a lifetime in this real estate market), more homes have sold than have entered the market. This market is hot. Sales have cooled in the last three months but are so much better than last year and the beginning of this year, sellers will celebrate Thanksgiving with real joy. The days on market have dropped to 126. That means a home closes escrow after being marketed for a month or 6 weeks and then goes through the normal escrow process. If you are a seller with a home that is priced right, be prepared to move. This year has been a year of short “Days on Market” averages.
- Average Sold Price for Aliso Viejo Homes was $580,808
This was down from last month ($590,449) and low compared to many months of 2011 but it shows how many motivated sellers there are. The Aliso Viejo community is full of sellers that are moving up in their careers, forging new relationships (business and personal), and pursuing their dreams. It is a fairly young community and sellers are aggressively seeking buyers. This is an opportunity for every buyer or investor. Aliso Viejo has so much to offer. Click on the blog post with the community information to learn more.
- Aliso Viejo Median Home Price Drops to $538,500
This was a little low for the year, but not by much. If you have $500,000 in your budget to purchase a home at these low, low interest rates, then look in Aliso Viejo. In the last year, half the homes have sold for less than $550,000 in many months and you should buy one. This community offers so much for buyers. The housing has been recently built, the homeowners associations dues are reasonable and well-deserved (Ever lived on a street next to a home in need of repair or with junk in the front yard?), shopping is prolific and the beach is close (10-15 minutes). Do you prefer Aliso Creek Beach or Laguna Beach?
For more information – Click here to see the report
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
November 5, 2011
Designed by Tim Sainburg from Brambling Design
Designed by Tim Sainburg from Brambling Design
Categories: Aliso Viejo, Coastal Condominiums, Coastal Single Family Homes, Residential Real Estate.
November 5, 2011
Sales are Down and Inventory is Up
October was a disappointing month for sellers. For the first time in months, new inventory surpassed the sales. And if that was not dismal news, the sales dropped to the lowest point in the last 12 months. The days on market increased as you would expect, from 151 to 163, and resulted in the longest time an average sold home was on the market in the last year. To be sure there were short sales responsible for the days on market figure with several exceeding a year. Overwhelmingly most were less than 6 months. We were hoping for a better October but so were the Yankees.
Average Sales Price Drops to $291,505
There was only one month lower than October’s average price in the last 12 months. August was the low point and then prices recovered immediately. Let’s hope for a repeat. Sellers gave buyers an average discount of 3% to get the units sold and that was the trend for the last three months.
The Median Sales Price Dipped to $290,000
This dropped by $20,000 from last month but was a $20,000 improvement over September. The median prices for condominiums in Aliso Viejo in 2011 were well over $300,000. Many of the smaller condos that investors prefer are being bought now. These almost always have a positive cash flow from the very beginning.
For more details, pictures and maps -Click here to see the report
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
October 5, 2011
- Homes Sales Fall to 24 for September
Aliso Viejo has had a strong year for sales of the single family homes. With the exception of a weak February, this year has been great. Sales outweighed new listings for the third month in a row. Inventory is actually decreasing. Sellers may see this as encouraging and start coming back on the market. In the meantime, we could see prices rising. Don’t expect things to get out of control yet. The banks and government oversight committees will continue to hold the line on prices in most markets.
The average price was pushed up from last month by the sale of 26 Alisal ($1,349,000), but the actual average was close to most prices. The properties moved in less than 5 months from start to close. Escrows are taking 45 days for most buyers, longer for short sales. This means sellers can expect their homes to sell within 2 months if they are priced right. That makes it so much easier to make a move. Lingering on the market is exhausting.
Median Sales Price Increases to $572,000
This is the highest price in the last quarter and one of the best all year. Sellers gave an average discount to the buyers 3% of the average price. The median sold price was 5% less than the median listed price. Bottom line – Buyers are negotiating good deals on the last listed price of a property if it falls in the middle of the price range. If a home has been on the market a while, buyers should see how motivated the seller is. They could get a bargain late in this year.
For more details – Click here to see the report
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
October 5, 2011
- Condo Sales drop to 37 in September
This year has been so much better than last year but we are now experiencing the seasonal slowdown. Thirty-seven sales would have been wonderful news in 2010. We have to appreciate the market recovery in South Orange County. It is slow but appears to have strength. Some of the old inventory has finally moved off the books. The average days on market increased to 156 with several listings over 290 days. Inventory is increasing slightly. Time to go out looking for your first home or first investment. This is a popular area for younger singles and families.
Average Sales Price Increases to $317,472
This was the highest average sales price since April. There are some very large condominiums available in Aliso Viejo and some with spectacular panoramic views of the mountains and city. Those don’t come cheap but the average price is part of a compressed range of prices. The most expensive condos are not a lot more than $317,000.
- Median Price for September $310,000
This supports the above commentary. When the average is very close to the median, prices do not fluctuate widely from either. If you can afford around $300,000, you will be able to buy most of the condos in Aliso Viejo. Seller gave 2% discounts on average, so definitely start the negotiations. You will save a little money.
For more information – Click here to see the report
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
September 5, 2011
Single Family Homes Sales at 12 Month High
This has been an interesting year for Aliso Viejo. January and February were very slow. March through May showed strength, then June was disappointing. July and now August are robust excellent sales months. Sales outpaced new listings by 30%. Inventory quickly disappears under those conditions. The Days on the Market figure has averaged around 100 days for months. Sellers only have their listings on the market for 4-6 weeks before they are put in escrow. If you are a seller, this is exciting. If you are a buyer, don’t waste time. Make an offer on the home you like as soon as possible. Be prepared before you go shopping! Get Underwriting Approval not just Prequalification. When you make your offer, the seller knows that your finances have been reviewed in detail; the tax returns, paystubs, bank accounts, and credit card accounts are documented and the loan is ready to be processed. That will give you priority over another offer. We can get you approved for free. Then we can find your property!
Average Price Drops to $543,729
Sellers are ready to negotiate. The August buyers were given a 4% discount. Prices are low, interest rates unbelievably low, what are you waiting for? This is a newer community built in the 1990′s. The homes have floor plans suited to today’s requirements. Incredible shopping, excellent award-winning schools, freeway and beach close.
Median Price drops to $500,000
Half the homes that sold last month in Aliso Viejo were less than $500,000. These were bargains and you can see why sales have skyrocket.
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
September 4, 2011
- Inventory Skyrockets!
We have not seen so much new inventory for at least a year. Sales have been strong this year compared to last so our sellers are putting their units on the market . Our first-time buyers and investors can claim all the credit. Aliso Viejo is one of the newest communities in South Orange County and has the lowest Mello Roos of the three (Ladera Ranch, Talega and Aliso Viejo). The Average Days on the Market number has jumped up but that was due to a number of short sales on the market for nearly a year before the escrows closed. Whew! Short sales are anything but short. Long, exhausting sales are more descriptive. If you know of someone in need of selling that owes more than the home is currently worth, please have them call us. We have a team of specialists to advise them and get the sale closed. Keep in mind, there are so many first-time buyers eager to get into their first residence but they can’t afford much. This type of listing can offer them the opportunity they need.
- Average Price Continues to Decline – Now $280,970
The average price has been declining for months. This means a lot of cheaper condos are selling. Do you want one for your home or an investment? Maybe you thought you could not afford one, but look again. At the current interest rates and with a 30% downpayment, you could find an investment that shows a return from the very start. Why not let the tenant pay off the mortgage for you, provide cash flow, and give a deserving person a good home to live in all at the same time? Being a landlord can be a very nice experience and the retirement income you can enjoy one day provides security you can count on.
- Median Price Dips to $269,950
This means that half of the condos (24) sold last month in Aliso Viejo closed with prices of $270,000 or less. That is a lot of units in one month with bargain prices in a relatively new city with newer buildings, pools and amenities. The Mello Roos bonds are getting close to being paid which decreases the monthly payment even more.
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
August 3, 2011
Sales back up to 21 for July 2011
Good news! Sales are back in the twenties for Aliso Viejo Single Family homes. March through May sales were strong and then dipped in June. The average days on market continue to be very low, 105 days on market between just listed and sold. Properties are moving swiftly but there is still slightly more inventory than sales for most months.
The Average Price for an Aliso Viejo Home in July 2011 - $598,858
Sellers gave buyers an average of 3% off the last listed price to close the deal. With the short marketing period we see, it means sellers are competitively pricing their property at the start but still negotiating. July’s average sale price rose significantly over June but paled in comparison with April and May. No properties sold for more than $959,000 and very few sold for over $800,000.
Aliso Viejo Median Price for Homes in July $600,000
Aliso Viejo Homes are still very affordable. Half of the homes sold for under $600,000. These are homes built since 1990 for the most part. Mello Roos is very low for the original tracts built in the early 1990′s. The city has great development plans for their city center and manages their staff extremely well. This is a great place to live and work.
For details on the last 12 months – Click here to see the report
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
August 3, 2011
43 Condos Sold in July 2011 After Only 3 Months on the Market
Sales of condos dropped slightly compared to the strength we saw in March through June. The average days on the market is growing so short, the properties are almost disappearing into escrow over night. 106 days on the market is barely over 3 months and includes short sales. New listings in July reversed the trend for more sales than new listings that was set in the previous months. Sellers are encouraged and more inventory is coming on the market. Aliso Viejo has some condominium projects that have all the amenities, pool, gym, party room, and other facilities. This city has fantastic shopping, schools, access to freeways and current floorplans with fairly recently built structures, most are in the 1990′s.
The Average Sales Price for July 2011 was $310,000
This is showing a downward trend and indicates a lot of the small units are selling. Sales are still pretty brisk and for the average price to go down, the investors must be out and picking up all the easy rental units. One and two bedroom units close to the beach, shopping, and work are perfect for young people moving out, older people moving down and everyone else.
Median Price in July 2011 $305,000
The last three months have seen a steady median price, down from the prior three months. More less expensive units are selling. If I were renting, I would definitely want to get into a condo in this market before interest rates and prices go up. Renting is so expensive with our tax laws. The best way to keep the money you earn is to own - not rent - and pay a reasonable mortgage so you can leverage your money and buy a better place!
For details- Click here to see the report
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
July 27, 2011
Only 15 Homes Sold in Aliso Viejo in June
Sales in Aliso Viejo suddenly lost their steam. Over the previous three months 22 or 23 homes sold with new inventory slightly ahead of sales. There was plenty of inventory but not enough buyers able to close. On the other hand, the average days on market for the sold inventory was fairly short, 3 months. In fact, most of the homes closed in less than 90 days, there was one short sale on Abbeywood that was on the market for one year and it skewed the average.
The Average Sold Price Dropped by $100,000
The average sold price was way down for the year. Some of the bank repossessions sold at super bargain prices. Those usually need a considerable amount of repair.
Aliso Viejo Median Price Declines to $585,000
The median price declined too but has recovered from the depths of the past year. We may have a solid base to build our recovery.
For more details on the actual properties – Click here to see the report
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
July 8, 2011
June Sales were Great for Aliso Viejo Condos - Inventory Still High
This June 51 condos were sold! There was only one other month in the past 12 that had this volume of sales. Sales for condos starting in March have been very good. Aliso Viejo is a relatively young community and the condominiums have current floor plans with so much to offer. The new inventory is up also. If you think you have seen all of them, look again. 55 new listings. The MelloRoos is so low by now that it does not increase the monthly expense by much. The units are moving quickly. The average days on market are 130 which includes the long, exhausting short sales. Equity sellers get offers and close fast if the price is right.
Average price for June is $307,721
More less expensive condos sold in June. The average price was the lowest since February. There are bargains out there and savvy investors will buy them up, rent them out until the market recovers and pocket a bundle. These condos make great investments and the properties are usually in fine shape. Most of the units were built in the 1990′s.
The Median Sold Price Dipped to $300,000 for June 2011
The good news is the sellers are getting very close to their asking prices. The average discount the seller gave the buyer was 2% on the average price and there was no difference between the average median sold price and the median listed price. Buyers should plan to pay market price for the really nice units. Their competitors are doing just that!
For more details – Click here to see the report
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
June 14, 2011
- New Listings 33 Sales 18 Disappointing!
Our sellers continuing to bring new inventory on to the market but the buyers are slowing down. There was a trend developing that lost steam. The days on market for the month were encouraging (97). Properties came on and received an offer within 45 days and closed escrow within 45 days, a perfect scenario. But we should have had more buyers close. This may be a reflection of those slow moving short sales. There is a good selection of homes and some have beautiful canyon and/or city lights views.
Average Price Drops Slightly to $602,888
Aliso Viejo average prices have hovered around $600,000 since January. This month two homes sold for over a million dollars and that is good news. There are tracts where you can find exceptional homes with incredible upgrades and views. You will not pay the prices of Laguna Niguel or Laguna Beach either. And you are just minutes from the beach.
Aliso Viejo Median Price $635,500 Best Month in 2011
The expensive homes pushed this statistic up. It is good to see.
Want more details? Click here to see the report
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
June 14, 2011
In May 41 Condos Sold - 51 New Listings
In May, there were 41 Aliso Viejo Condos sold. Don’t worry about the supply, 51 new listings were entered in the MLS. 2011 started out dismally with new listings outpacing sales, but then the sales caught up. In March 51 listings came on but 51 condos were sold. It has been close. Still there is a good inventory and Aliso Viejo has so much to offer as one of the newer communities. Their new city-sponsored recreation facilities, great schools, incredible shopping and accessible freeways make for a very pleasant place to live. There are wide ranges of condominiums to choose from, some are detached and look like small homes, others are attached but have two car garages, and you can find the inexpensive attached residences with detached carports too.
Average Price Slipped to $315,324
There were bargains bought up in May. After tax time many renters wise up and get going. They are not paying a huge tax bill again. Why rent when you can find a condominum that is so affordable and gives you a tax break?
Median Price Drops to $310,000
The investors are out too. We are now seeing up to 30% of the purchases made with cash. Start to finish these condos came on the market and closed in less than 4 months
Want to see the properties? Click on this link, scroll down to May and see the actual properties for the month – Click here to see the report
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
May 11, 2011
Sales Stay Strong!
Thank you to all the buyers of Aliso Viejo homes. After five very weak months, the last two months have surged ahead. The average days on market are now 96 (3 months!). And that figure includes several that were over 7 months. 34 Groveside sold for $1,060,000. All in all it was a terrific April for Aliso Viejo!
For more details on the actual listings -Click here to see the report
Median Price Climbs to $539,900
The Median Price rose to $539,900 up from February and March. We are on the road to recovery.
Average Price Reaches $612,361
More good news! The average price also topped the last two months. And the sellers only gave the buyers a 2% discount to get the home sold. The sellers have very reasonable prices and the buyers are now ready to buy. We are hoping for an even better May. This is the prime selling season, don’t miss out!
List of homes that sold in April
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
May 11, 2011
Old Inventory is finally gone
While the average sold price held its ground, condos that had been on the market for 804 days, 569 days, 418,416,370 etc. are finally sold. Only twelve of the 34 condominiums that sold were listed for less than three months. On the average, properties were listed for 177 days (6 months). We are glad to see those go.
For more details -Click here to see the report
Median Price for Aliso Viejo Condominiums was $328,000
The median price was down from the last two months but that was affected by the old, old inventory finally selling. It should tick back up.
Average Price for Aliso Viejo Condominiums - $332,200
This is basically unchanged from last month. Several condos sold for well over $400,000. Sellers only adjusted their prices by 2% for buyers. That indicates the sellers have reasonable prices on their properties or buyers would not come so close to asking price with their offers. Aliso Viejo Condominiums are well-located and newer. The neighborhoods are pretty and there is so much entertainment and shopping. Time for the renters out there to buy and take advantage of the incredible interest rates. They dropped back down last week!
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
April 18, 2011
Home Sales Recover from Six Month Slump Finally, our Aliso Viejo buyers have closed those short sale escrows. Two homes were on the market for 18 months, one for 17 and another for 13 months. Thankfully most escrows closed in March were for homes on the market less than 3 months (a normal market). The lenders are doing a better job of moving the inventory and the buyers are smart enough to offer nearly market price for the homes. If you did not know already, the lenders cannot accept a price that is under what the bank appraiser says. Those appraisers look at recent sales and give their opinion. Nearly all loans are not really owned by the lenders who made them. Fannie Mae, Freddie Mac or some investment fund on Wall Street or around the globe own the loans and they decide what they are willing to accept. They have no inclination to undercut the value of their portfolios. Equity sellers are still in the best position to negotiate the sale price. They may have an excellent reason to just sell the property for what they can get quickly and move on. This is why you need a good agent to negotiate for you. Stop wasting your time offering an unrealistically low price for a short sale, it won't happen in most cases. Worst of all, the bank can come back with a price you cannot afford and you have wasted all that time.Click here to see the report - Get the detail on each of the last 12 months. You have a choice of three tabs for different charts - Average Price, Median Price, Monthly New Inventory and Sales.Average Price Fluctuates over the Last 12 Months but Fairly Stable
The average price for March was $578,000. It has hovered above and below $600,000 all year.
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
April 18, 2011
Largest Surge in Inventory in the Last 12 Months
Wow! Sixty new listings for the month and 46 sales. March 2011 was a record month. Several old listings sold, but overall the inventory is moving. One condo sold and closed in a month. There are still quite a few bargains on the market and sellers ready to move. I hope that any renter who paid income taxes last week and suffered from a lack of deductions will reconsider. Now is the time to buy and I can connect you with a lender that has current information on all the first time buyer programs.
Click here to see the report
Average Prices Pretty Stable over the Last 12 Months
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
March 4, 2011
New Inventory outpaces Sales
For the second month, new inventory outpaced sales for condos in Aliso Viejo. The sellers are ready to move up and out. All we need are more buyers.
Click here to see the report
Median Price Up - $340,000
Buyers are buying more expensive condos! The median price rose to $340,000.
New Inventory ahead of Sales
For the second month, new inventory (35) outpaced sales (6) for single family homes. The Days on Market remained fairly steady and far less than November.
Average Price Bounces Around
Basically, plan to spend around $600,000 for a home in Aliso Viejo. You will enjoy every minute of living there!
Categories: Aliso Viejo, Coastal Condominiums, Coastal Single Family Homes, Residential Real Estate.
February 9, 2011
Aliso Viejo Inventory Bounces Back Up
The sellers in Aliso Viejo are back on the market. We haven’t seen this many new listings since last June. Sales were down from December like several other areas. But the buyers that closed escrow drove the average and median prices upward. This is what encourages most sellers. Now that this has happened, buyers get motivated and find a home before prices get higher. Interest rates will continue to stay around or under 5% if the Federal Reserve has anything to say about it. The economy has to stabilize before interest rates will rise.
Aliso Viejo Median Price Up 10% from December
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
February 8, 2011
New Condos hit the Market with Unexpected Force!
55 condos came on the market in January, the sellers are enthusiastic about the Spring market. The inventory offers lots of choices for home buyers. First time buyers are welcome as well as people moving down after the kids are gone. Aliso Viejo offers great shopping, great schools, wide streets with easy freeway and toll road access. Average prices were the lower in January than anytime in 2011. Bargains are out there, time to go look and buy. Investment properties everywhere.
Click here to see the report
Average price dips
Categories: Aliso Viejo, Coastal Condominiums, Residential Real Estate.
January 4, 2011
Aliso Viejo Home Inventory Declines
Aliso Viejo Condo Inventory Continues to Climb
Aliso Viejo homes saw a decrease in inventory and a decrease in price. The average price was $523,531, the lowest price since January. Many short sales were moved off the market but there are still a few good ones left. Aliso Viejo has a number of small single family residences that are perfect for first time buyers. Don’t miss out!
The condominiums are at the lowest price level for all of 2010. Many sellers are willing to bargain and give the buyers incredible prices. The association dues are reasonable and the Mello Roos bonds will be paid off within the next 8 years most likely. The schools are great and the access to freeways is terrific ( The 5,73, 241, and 405 are so close.).
Details? Homes Click here to see the report Condos Click here to see the report
Aliso Viejo Home prices Drop
Aliso Viejo Condominium Prices Hit Bottom
Categories: Aliso Viejo, Coastal Condominiums, Coastal Single Family Homes, Residential Real Estate.
November 5, 2010
Sales keep up with New Inventory
This Summer and early Fall show a lot of Buyer enthusiasm for homes in Aliso Viejo! Since July the new inventory has been absorbed by the sales and then some. Buyers have made great deals with Sellers. They have patiently waited out the short sales (or extra-long sales as we call them). There are still bargains out there. Time to purchase and still close by January 1. Start the new year in your new home! The Median price is still fairly stable, but it can start to rise anytime.
For details on sales- Click here to see the report
Median price steady for now
Categories: Aliso Viejo, Coastal Single Family Homes, Residential Real Estate.
