Houses For Sale Right Now are like Toilet Paper in 2020


Housing Inventory is non-existent, as you can probably tell from the lack of for-sale signs in Canyon Crest and throughout Orange County. There are currently just 2 active properties on the market in Canyon Crest - both have been on the market for over 2 and 3 months, respectively. Frankly, the only reason these two active properties haven’t been purchased is because they are priced at higher price points and need updating. There is also one property that is coming soon on Shadow Ridge. Based on its current listing price and location, I anticipate it will sell quickly. 


The status of the market isn’t much different than it was at this time last month with the exception that mortgage rates have increased slightly. Overall, sales are low and inventory is low. We had roughly the same amount of active listings during the COVID-19 lockdown that we do right now. 



Why is there a lack of inventory? 

The majority of homeowners have an interest rate of 5% or lower, and the thought of losing that rate is horrifying - especially when you realize that interest rates are now hovering around and even above 7%.  A person/family has to be very motivated to sell right now to incur that increase in monthly payment. As a result, homeowners are hunkering down even though they may want a home with different features, sizes, or locations. 


The Silver Lining: 

  1. This lack of inventory is maintaining home values. While home values did drop in the second half of last year, they have steadily increased this year and are hovering just below the peak prices of May 2022. (Did you see that a house on Ashton just sold for $2million!?!) That means a vast majority of homeowners have seen a great appreciation in their homes.
  2. If you are thinking of selling, now is a great time. The seller holds ALL the power. Buyers can't buy what doesn't exist. As a result, buyers are gobbling up any property as soon as it comes on the market provided one key requirement is met: The home is priced at a fair market value according to its condition in comparison to similar properties.
  3. If you have the ability to hold on to your current property while maintaining a low interest rate, think about renting it. Properties in Canyon Crest have rented for $4900 (for 3 bedrooms) to $7000 (for 4 bedrooms) per month. Keeping your home in Canyon Crest or anywhere in Mission Viejo is a great investment and can be a great source of passive income. {Click here to see active and leased rental properties in Canyon Crest}


With non-existent inventory and plenty of buyers wanting to live in Canyon Crest, there is ample opportunity for homeowners to cash in on all the equity that has accumulated over the past few years and beyond. Sellers will achieve success if they prepare their homes properly for sale and price it at fair market value. (And if they hire The Swan Team, of course!)

See for yourself what is going on in the Canyon Crest market:


What's currently for sale?

Click here to see properties that are currently active


What properties are in escrow (under contract or pending)? 

Click here to see properties that are currently in escrow


What properties have sold in the past 60 days? 

Click here to see properties that have sold in the past 2 months


What properties have sold in the past 6 months? 

Click here to see properties that have sold in the past 6 months


Many of you have asked, “But where am I going to go?” That is a very good question. It is also something I can help with. Contact me now to create a comprehensive plan of where you are, where you want to go, and how we are going to get you there.


I don't merely market, list, and sell your home. I am a consultant who helps you understand your options, helps create a plan that accounts for your particular wants and needs, and then executes the plan with a precision that exceeds your expectations.

If you are thinking of selling your house in the next 2 years, please contact me. Now may be the best time to get the most return on your investment. Call me at 949-444-1601 to find out more information and get the ball rolling.