MISSION VIEJO housing report | December 2017
Clients and Friends,
Wishing you a wonderful holiday season in Mission Viejo! Our great city makes it easy to enjoy the holiday magic. As 2017 comes to a close, I want to thank you for your support this year! But, before we head into the holidays, here’s an overview of our Holiday Market.
Below is the latest from the Mission Viejo Housing Report. For the most up-to-date local information, please Sign Up Now to receive real-time housing reports for your neighborhood . We deliver the full/downloadable reports and charts to your inbox every month.
As always, if you or any of your friends or family have questions about real estate, please don’t hesitate to Contact Us. We are only a call, text or email away!
Love where you Live, Give where you Love!
-Leslie Swan, The Swan Team OC
MISSION VIEJO Housing Report | December 2017
The Holiday Season has arrived! The Holiday Market has arrived with it. December is notoriously the slowest month of the year in terms of demand and new sellers putting their homes on the market. Traditionally, this is the time of year when housing takes a back seat to all the distractions of the holidays.
Here’s a look at the numbers for Mission Viejo:
Inventory & Demand
Current Actives (11/30/2017) 127
Demand (Last 30 Days Pendings) 79
Market Time (In Days) 48
Two Weeks (Prior) 42
Four Weeks (Prior) 34
One Year (12/1/2016) 53
Two Years (12/3/2015) 47
Units Sold (October 2017) 74
Average Sales Price ($) $696,100
Average List Price ($) $706,088
Sales to List Price (%) 98.6%
Low Price ($) $243k
High Price ($) $1.4m
Avg. Square Feet 1,888 s.f.
Avg. $ Per Square Feet $369
Units Sold (October 2016) 106
Now is the time to prepare for a successful 2018! If you are planning to buy or sell in the next three to six months, I have some advice to share with you. To set yourself up for success:
Buyers – If you are thinking about or plan to buy a home next year, now is the time to prepare you buyer package. In this type of market, with this kind of demand, you are likely to encounter a multiple offer situation. It is still a seller’s market, and we are going into the lowest inventory of the entire year. Get your loan in place, get your financing set, and get prepared to make an offer.
Sellers – If you are thinking about or plan to sell your home next year, now is the time to prep your home for sale. We are going into the lowest inventory of the entire year, with the expectation that active inventory will be at its lowest point as compared to the last few years. This is the time to invest in preparation. As you have heard before, homes that are prepared to go to market sell quicker and for top dollar.
If you need help preparing to buy or sell in 2018, please don’t hesitate to Contact Us! We would love to help you go over strategies for making your dreams a reality. We are only a call, text or email away. You deserve to love where you live and give where you love!
If you want to receive real-time Mission Viejo housing reports for your neighborhood, delivered to your inbox every month – get the full/downloadable reports and charts –
The Swan Team | OC Real Estate
Love Where You Live | Give Where You Love
“We donate $500 to the school of your choice for every property you buy or sell!”