Homebuying in Mission Viejo in the fourth quarter outpaced countywide sales activity.
Using CoreLogic data, we compared sales patterns for all residences in the October-to-December period vs. a year earlier. Sales in Mission Viejo rose as 355 residences were purchased in the latest period vs. 321 a year earlier. That’s a gain of 11 percent vs. a decline of 1.3 percent countywide.
Here’s what CoreLogic’s homebuying report for Mission Viejo told us about activity in the fourth quarter vs. a year earlier …
Mission Viejo ZIP code 92691
1. 161 homes sold in the latest period vs. 147 last year. That’s a sales gain of 9.5 percent.
2. Median selling price of $670,000 vs. $639,924 in 2016, a gain of 4.7 percent. The median was 48th highest out of 83 Orange County ZIPs.
Mission Viejo ZIP 92692
3. 194 homes sold in the latest period vs. 174 last year. That’s a sales gain of 11.5 percent.
4. Median of $686,500 vs. $669,756 in 2016, a gain of 2.5 percent. The median ranked 43rd of 83.
… See full-year 2017 CoreLogic results …
Beach ZIPs | North O.C. | South O.C. | Mid-county
… and from 2017’s fourth quarter, eight countywide trends to ponder:
1. At the neighborhood level, prices were up in 66 of 83 Orange County ZIP codes compared to the previous year.
2. Sales rose in 38 of 83 Orange County ZIPs.
3. Builder sales were 1,544 — up 4.2 percent from a year earlier. Median selling price was $869,000 — up 0.2 percent from a year earlier.
4. In the cheapest third of the county’s market — the 27 least expensive ZIPs, median of $622,500 and below — 2,540 homes sold. That’s down 0.9 percent compared to a year earlier.
5. In the 27 priciest ZIPs — median of $789,050 and higher — 3,236 homes sold. That’s down 0.2 percent.
6. In the 11 Orange County ZIPs with medians above $1 million, sales totaled 720 homes, down 1.9 percent in a year. There were 10 seven-figure ZIPs a year earlier.
7. In the county’s 16 beach-close ZIPs, 1,484 homes sold in the latest period, down 0.6 percent vs. a year earlier.
8. As for relative bargains, there were six ZIPs with medians under $500,000 with total sales of 440 homes. A year earlier, 14 ZIPs had medians under $500,000 with 1,039 sales, or a drop of 58 percent in a year.
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or, Mission Viejo year-end homebuying Outpaces Orange County