Aliso Viejo
 

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 due so they could carry back the $8,000 first-time homebuyer tax credit to claim on their tax return, so it artificially shifted sales into the slower time of year.

Aliso Viejo real estate sold for 94.4% of orginal listing price and 98.2% of adjusted listing priced during the quarter, illustrating that buyers and sellers are coming more in line with the perceived value in the market.

Total inventory at quarter end was at 281 active housing units, which based on average monthly sales year-to-date, results in about 5 months of supply on the market.  Historically, a market with 5-6 months of inventory has indicated a stable market and anything below an appreciating market and above a depreciating market.  This has been a steady number for Aliso Viejo over the past year, continuing to show along with price that the signs of a stable market continue to prevail.

For more information, including recent sales in a neighborhood of interest, please feel free to contact us.

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