Monday August 7, 2017

Your Local Market's MISSION VIEJO, CA

Executive Summary Single Family Homes

This Week
Real-Time Market Profile Trend
Median List Price $ 798,000 +
Asking Price Per Square Foot $ 372 +
The median list price in MISSION VIEJO, CA this week is $798,000. Average Days on Market (DOM) 49 +
Percent of Properties with Price Decrease 49 %
Percent Relisted (reset DOM) 16 %
Demand measured by the Market Action Index is increasing and
days-on-market is holding steady. With more properties coming Percent Flip (price increased) 6%
available, conditions are mildly positive. Median House Size (sq ft) 2274
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 47.0

The market has been cooling over time and prices plateaued for a + No change == Strong upward trend Strong downward trend
while. Despite the consistent decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If the MAI resumes it's climb, prices = Slight upward trend Slight downward trend
will likely follow suit. If the MAI drops consistently or falls into the
Buyer's zone, watch for downward pressure on prices.

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
4,501 -
Top/First $ 1,098,500 3378 6,500 sqft 4.0 3.0 26 50 5 2 80 Most expensive 25% of properties

4,501 -
Upper/Second $ 879,000 2549 6,500 sqft 4.0 2.5 33 51 9 7 48 Upper-middle 25% of properties

4,501 -
Lower/Third $ 739,000 1882 6,500 sqft 3.0 2.5 41 51 9 9 41 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 639,000 1445 6,500 sqft 3.0 2.0 41 51 15 17 26 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 07, 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 $ 798,000 +
VIEJO, CA this week is $798,000. The Average List Price $ 847,455
203 properties have been on the Asking Price Per Square Foot $ 372 +

market for an average of 49 days. Average Days on Market (DoM) 49 +

Inventory of Properties Listed 203 ==

Most Expensive Listing $ 2,620,000

Demand measured by the Market Least Expensive Listing $ 329,000

Action Index is increasing and days- Average Age of Listing 35

on-market is holding steady. With Percent of Properties with Price Decrease 49 %
more properties coming available, Percent Relisted (reset DOM) 16 %
conditions are mildly positive. Percent Flip (price increased) 6%
Median House Size (sq ft) 2274
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 has been cooling over Market Action Index Strong Seller's 47.0

time and prices plateaued for a
while. Despite the consistent
decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If
the MAI resumes it's 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

4,501 -
Top/First $ 1,098,500 3378 6,500 sqft 4.0 3.0 26 50 5 2 80 Most expensive 25% of properties

4,501 -
Upper/Second $ 879,000 2549 6,500 sqft 4.0 2.5 33 51 9 7 48 Upper-middle 25% of properties

4,501 -
Lower/Third $ 739,000 1882 6,500 sqft 3.0 2.5 41 51 9 9 41 Lower-middle 25% of properties

4,501 -
Bottom/Fourth $ 639,000 1445 6,500 sqft 3.0 2.0 41 51 15 17 26 Least expensive 25% of properties

Page 2 of 16 Monday August 7, 2017

 Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Median Price
The market appears to be hovering around these current levels. The Market Action Index is a good leading indicator for the
durability of this trend.

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 7, 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 climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 4 of 16 Monday August 7, 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 47.02; 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 7, 2017

 Single Family Homes in
City Overview
.
MISSION VIEJO, CA

Days on Market
The properties have been on the market for an average of 49 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 7, 2017

 Neighborhood Detail Single Family Homes in

.
MISSION VIEJO, CA
92692

This Week Real-Time Market Profile Trend

The median list price in MISSION Median List Price $ 876,950 +
VIEJO, CA 92692 this week is Average List Price $ 911,790
$876,950. The 120 properties have Asking Price Per Square Foot $ 358 +

been on the market for an average of Average Days on Market (DoM) 61 +

61 days. Inventory of Properties Listed 120 ==

Most Expensive Listing $ 2,620,000

The Market Action Index has been Least Expensive Listing $ 432,750

trending down lately, while inventory Average Age of Listing 29

is climbing. These trends imply a Percent of Properties with Price Decrease 53 %
weakening market. Percent Relisted (reset DOM) 18 %
Percent Flip (price increased) 7%
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 2.5

Altos Research Value Statistics

In the last few weeks the market has Market Action Index Seller's Advantage 42.6 +

achieved a relative stasis point in
terms of sales to inventory.
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, 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

4,501 -
Top/First $ 1,149,450 3448 6,500 sqft 4.0 3.0 25 30 0 1 105 Most expensive 25% of properties

4,501 -
Upper/Second $ 939,900 2966 6,500 sqft 4.0 3.0 26 30 8 2 49 Upper-middle 25% of properties

4,501 -
Lower/Third $ 798,500 2268 6,500 sqft 4.0 2.5 32 30 4 4 51 Lower-middle 25% of properties

Less than
Bottom/Fourth $ 667,000 1484 4,500 sqft 3.0 2.0 38 30 7 7 40 Least expensive 25% of properties

Page 7 of 16 Monday August 7, 2017

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

Median Price
We continue to see prices in this zip code 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
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 7, 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 climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 9 of 16 Monday August 7, 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 42.57 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 7, 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 61 days. Half of the listings have come newly on the market in the
past 42 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 7, 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 $ 727,000 +
VIEJO, CA 92691 this week is Average List Price $ 754,442
$727,000. The 83 properties have Asking Price Per Square Foot $ 398 ==

been on the market for an average of Average Days on Market (DoM) 30

30 days. Inventory of Properties Listed 83 ==

Most Expensive Listing $ 1,250,000

Demand measured by the Market Least Expensive Listing $ 329,000

Action Index is increasing and days- Average Age of Listing 43

on-market is trending downward. Percent of Properties with Price Decrease 43 %
Even as more properties come Percent Relisted (reset DOM) 13 %
available, these are positive trends Percent Flip (price increased) 5%
for the market. Median House Size (sq ft) 1881
Median Lot Size 6,501 - 8,000 sqft
Median Number of Bedrooms 4.0

Supply and Demand

Median Number of Bathrooms 2.0

Altos Research Value Statistics

The market has been cooling over Market Action Index Strong Seller's 54.6

time and prices plateaued for a
while. Despite the consistent
decrease in MAI, we're in the Seller's
zone. Watch for changes in MAI. If
the MAI resumes it's 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 $ 927,450 2835 8,000 sqft 4.0 2.5 46 20 3 3 40 Most expensive 25% of properties

6,501 -
Upper/Second $ 750,000 2150 8,000 sqft 4.0 2.5 45 21 3 4 29 Upper-middle 25% of properties

4,501 -
Lower/Third $ 679,000 1472 6,500 sqft 3.0 2.0 45 21 8 8 34 Lower-middle 25% of properties

6,501 -
Bottom/Fourth $ 620,000 1224 8,000 sqft 3.0 2.0 42 21 5 6 18 Least expensive 25% of properties

Page 12 of 16 Monday August 7, 2017

 Single Family Homes in
Neighborhood Detail
.
MISSION VIEJO, CA
92691

Median Price
This week prices in this zip code bumped up a bit but the trend of recent weeks is generally downward. Keep an eye on the
Market Action Index for a leading indicator of the duration of this downtrend.

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 7, 2017

 Single Family Homes in
Neighborhood Detail
.
MISSION VIEJO, CA
92691

Price per Square Foot

We're seeing fairly unusual market conditions as prices have been in a downward trend but price per square foot is actually
increasing. (Buyers are paying less and getting less home for their money.) Anomalies like these can be attributed to micro-
location variables.

7-day Average 90-day Average

Inventory of Properties Listed for Sale

Inventory has been climbing lately. Note that rising inventory alone does not signal a weakening market. Look to the Market
Action Index and Days on Market trends to gauge whether buyer interest is keeping up with available supply.

7-day Average 90-day Average

Page 14 of 16 Monday August 7, 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 54.62; 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 7, 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 30 days. Half of the listings have come newly on the market in the
past 14 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 7, 2017