Aliso Viejo Real Estate and Lifestyle Blog
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Aliso Viejo Real Estate Performance
April 2011 vs. April 2010
Posted on May 05, 2011 by Matt Cabrera.
The Aliso Viejo real estate market for the month ended April 2011 compared to the same period a year ago continues to show signs of stability as the average sales price has remained relatively steady showing a 1% increase to $408,560 from $404,390 a year ago.Another strong indicator of stability in the market continues to be inventory levels as there was 4.7 months of supply of Aliso Viejo homes and Aliso Viejo condos on the market at the end of the month. Historically 5-6 months of supply has indicated a stable market, 4-5 months a slightly appreciating market, and anything above 6 mont... Read More »
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Aliso Viejo Real Estate Market Update
Quarter Ended 3/31/2011 vs 3/31/2010
Posted on April 14, 2011 by Matt Cabrera.
Aliso Viejo real estate for the quarter ended March 31, 2011 continued to show signs of stability as the average sales price for Aliso Viejo homes and Aliso Viejo condos was $400,364 as compared to $394,550 for the same quarter prior year, a 1.5% increase.While overall sales are down this year with 167 units sold year-to-date as compared to 203 last year, the number of homes under contract is up 6.1% at quarter end as the market continues to shift back towards the traditional busy spring and summer buying season. Last year, people were still trying to close escrow before their taxes were... Read More »
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Learn to be a More Eco-Friendly Aliso Viejo Resident
Free Sustainability Workshop April 23rd
Posted on March 17, 2011 by Matt Cabrera.
The City of Aliso Viejo is holding a free sustainability workshop for residents on April 23rd from 2pm to 4pm at the Aliso Viejo Town Center Ampitheater. This workshop will teach the practice of how to use food scraps to create compost, what to recycle, and how to reduce the amount of trash we as Aliso Viejo residents throw into local landfills. Pre registration for the workshop ends by April 8th. For more information, including registration, please view the sustainability workshop brochure.... Read More »
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Aliso Viejo Real Estate Market Update
February 2011 vs. February 2010
Posted on March 01, 2011 by Matt Cabrera.
Aliso Viejo real estate for year-to-date 2011 as compared to year-to-date 2010 continued to show signs of being stable. The median sales price for Aliso Viejo real estate was $394,883 as compared to $398,199 for the same period prior year, a decrease of less than 1% indicating that the market continues to show signs of stability.Year-to-date there were 98 homes and condos sold as compared to 129 for the same period prior year, however, Aliso Viejo homes and Aliso Viejo condos under contract was 23.1% higher at the end of February 2011 as compared to 2010, indicating that March sales are well o... Read More »
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Aliso Viejo Real Estate Market Update
January 2011 vs January 2010
Posted on February 03, 2011 by Matt Cabrera.
Aliso Viejo real estate for the month ended January 2011 as compared to January 2010 showed some mixed results, however, much of this can be attributed to the rush last year to close escrow so buyers could capture the first-time homebuyer tax credit on their 2009 tax returns. During that period, 78 Aliso Viejo homes and Aliso Viejo condos closed escrow as compared to 47 for January 2011. Lower sales volume in January is typical as most people are not looking to buy or sell a home during the busy holiday season, rather they usually wait until the spring or summer months.The avera... Read More »
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Aliso Viejo Real Estate Market Update
Year-ended 2010 vs. 2009
Posted on January 18, 2011 by Matt Cabrera.
For the year-ended 2010, the Aliso Viejo real estate market showed many signs of being stable based on key indicators.The median sales price for 2010 vs 2009 decreased from $430,440 to $415,437 or 3.5%, however, the average price per square foot sold for homes in the $500,000 to $800,000 price range has increased from $270.73 to $279.10 based on fourth quarter 2010 sales, a 3.1% increase. I personally like price per square foot sold better then median price as some years have more smaller properties sold then other years. Based on this data and assuming a conventional loan with a 2... Read More »
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Financing Your Aliso Viejo Real Estate Purchase
Value of Locking in a Low Interest Rate
Posted on January 18, 2011 by Matt Cabrera.
In regards to financing a purchase in today's market, I'm sure you are aware that interest rates are still hovering around all time lows. To help you guage how much money a lower interest rate saves based on today's interest rate around 4.9% for a conventional loan, I compared increases to your monthly, annual, and total loan life payments between a $500,000-$800,000 purchase. For example, a $800,000 purchase with a 30 year loan at 4.9% interest and 20% down yields a monthly payment of $3396 (excludes taxes and insurance). If on the same purchase the interest rate is 1/2% hig... Read More »
