Mission Viejo Activity for May 2009
Posted by Paul Eskildsen on Monday, June 1st, 2009 at 6:42pm.Mission Viejo Real Estate Activity for May 2009
There are currently 286 homes actively listed for sale in Mission Viejo, with asking prices ranging from $115,000 for a 1-bed 1-bath 450 square foot condo to $2,995,000 for a 5,500 square foot custom 6-bedroom home on the lakefront. 102 of the homes listed are Short Sales, but only 8 are Bank Owned, meaning 38% of the homes on the market are "distressed" sales.
126 homes came on the market during the month at an average list price of $281 per square foot, and 38 of those are already in escrow or have sold.
146 homes came off the market pending sale. The average list price per square foot at the time they were "pended" was $273, a reduction from the $287 per square foot of the original listing.
85 homes were sold. The average time on the market for homes sold this month was 127 days. The average sale price per square foot for homes sold was $268, compared to the $276 per square foot list price at the time they pended, and $290 based on the original list price.
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