Monday August 21, 2017

Your Local Market's MISSION VIEJO, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 819,000 +
Asking Price Per Square Foot $ 367 +
The median list price in MISSION VIEJO, CA this week is $819,000. Average Days on Market (DOM) 55 +
Percent of Properties with Price Decrease 49 %
Percent Relisted (reset DOM) 13 %
Inventory has been lightening lately and the Market Action Index
has been trending up. These are mildly positive indications for the Percent Flip (price increased) 6%
market. Median House Size (sq ft) 2301
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 47.7 +

The market remains in a relative stasis in terms of sales to + No change == Strong upward trend Strong downward trend
inventory. Prices have not been moving higher for several weeks.
However, inventory is sufficiently low to keep us in the Seller's = Slight upward trend Slight downward trend
Market zone so watch changes in the MAI. If the market heats up
persistently, prices are likely to resume an upward climb.

Price
Market Action Index Prices appear to be hovering around their high point. Look for a
persistent down-shift 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 $ 1,132,450 3408 8,000 sqft 4.0 3.0 26 44 3 5 85 Most expensive 25% of properties

4,501 -
Upper/Second $ 889,900 2700 6,500 sqft 4.0 3.0 37 45 6 7 52 Upper-middle 25% of properties

4,501 -
Lower/Third $ 750,000 2059 6,500 sqft 4.0 2.5 37 45 9 7 40 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 639,900 1463 4,500 sqft 3.0 2.0 41 45 7 11 43 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

August 21, 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 $ 819,000 +
VIEJO, CA this week is $819,000. The Average List Price $ 868,669
179 properties have been on the Asking Price Per Square Foot $ 367 +

market for an average of 55 days. Average Days on Market (DoM) 55 +

Inventory of Properties Listed 179

Most Expensive Listing $ 2,620,000

Inventory has been lightening lately Least Expensive Listing $ 329,000

and the Market Action Index has been Average Age of Listing 35
trending up. These are mildly positive Percent of Properties with Price Decrease 49 %
indications for the market. Percent Relisted (reset DOM) 13 %
Percent Flip (price increased) 6%
Median House Size (sq ft) 2301
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 Strong Seller's 47.7 +

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 $ 1,132,450 3408 8,000 sqft 4.0 3.0 26 44 3 5 85 Most expensive 25% of properties

4,501 -
Upper/Second $ 889,900 2700 6,500 sqft 4.0 3.0 37 45 6 7 52 Upper-middle 25% of properties

4,501 -
Lower/Third $ 750,000 2059 6,500 sqft 4.0 2.5 37 45 9 7 40 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 639,900 1463 4,500 sqft 3.0 2.0 41 45 7 11 43 Least expensive 25% of properties

Page 2 of 16 Monday August 21, 2017

 Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Median Price
Prices appear to be hovering around their high point. 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
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 August 21, 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 August 21, 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 47.73; 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 August 21, 2017

 Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Days on Market
The properties have been on the market for an average of 55 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 6 of 16 Monday August 21, 2017

 Neighborhood Detail Single Family Homes in

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MISSION VIEJO, CA
92692

This Week Real-Time Market Profile Trend

The median list price in MISSION Median List Price $ 849,894 +
VIEJO, CA 92692 this week is Average List Price $ 923,354
$849,894. The 110 properties have Asking Price Per Square Foot $ 364 +

been on the market for an average of Average Days on Market (DoM) 65 ==

65 days. Inventory of Properties Listed 110

Most Expensive Listing $ 2,620,000

Inventory has been lightening lately Least Expensive Listing $ 475,000

and the Market Action Index has been Average Age of Listing 30
trending up. Though days-on-market Percent of Properties with Price Decrease 50 %
is increasing, these are mildly positive Percent Relisted (reset DOM) 14 %
indications for the market. Percent Flip (price increased) 6%
Median House Size (sq ft) 2522
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 has started cooling and Market Action Index Seller's Advantage 42.8

prices have been flat for several
weeks. Since we're in the Seller's
zone, watch for changes in MAI. If
the MAI resumes its climb, prices
will likely follow suit. If the MAI
drops consistently or falls into the
Buyer's zone, watch for downward
pressure on prices.
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 $ 1,169,900 3511 8,000 sqft 5.0 3.5 25 27 2 2 101 Most expensive 25% of properties

4,501 -
Upper/Second $ 959,000 3097 6,500 sqft 4.0 3.0 27 27 0 6 73 Upper-middle 25% of properties

4,501 -
Lower/Third $ 799,450 2268 6,500 sqft 3.5 2.5 32 28 4 4 42 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 670,000 1496 4,500 sqft 2.0 2.0 38 28 5 6 47 Least expensive 25% of properties

Page 7 of 16 Monday August 21, 2017

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

Median Price
Despite the fact that prices in this zip code dipped a bit this week, the median price hasn't moved much in the last few weeks
and we remain relatively close to the market's high-water mark. Watch for persistent downward shift in the Market Action Index
into the Buyer's zone as a leading indicator of the price strength subsiding.

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 August 21, 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 August 21, 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 42.84 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 August 21, 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 65 days. Half of the listings have come newly on the market in the
past 46 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 August 21, 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 $ 781,491
$749,900. The 69 properties have Asking Price Per Square Foot $ 381

been on the market for an average of Average Days on Market (DoM) 38

38 days. Inventory of Properties Listed 69

Most Expensive Listing $ 1,325,000

Inventory is tightening and days-on- Least Expensive Listing $ 329,000

market is falling. The Market Action Average Age of Listing 43

Index shows demand heating up. Percent of Properties with Price Decrease 48 %
These are relatively bullish signs for Percent Relisted (reset DOM) 12 %
prices. Percent Flip (price increased) 6%
Median House Size (sq ft) 2072
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

The market remains in a relative Market Action Index Strong Seller's 56.2 +

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 $ 939,000 2867 8,000 sqft 4.0 2.5 44 17 3 1 40 Most expensive 25% of properties

6,501 -
Upper/Second $ 819,000 2500 8,000 sqft 4.0 3.0 45 17 5 4 33 Upper-middle 25% of properties

4,501 -
Lower/Third $ 699,500 1677 6,500 sqft 3.0 2.0 43 17 3 2 42 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 633,900 1462 6,500 sqft 3.0 2.0 41 18 3 5 37 Least expensive 25% of properties

Page 12 of 16 Monday August 21, 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 August 21, 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 can see 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 August 21, 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 56.18; indicating very little supply relative to the demand.

90-day Average Buyers/Sellers Cutoff

Market Action Index per Quartile

Not surprisingly, all segments in 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 August 21, 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 38 days. Half of the listings have come newly on the market in the
past 28 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 August 21, 2017