Mission Viejo Condo sales statistics

by Vincent Bindi on September 4, 2005

Currently, there are 154 Condos for sale in Mission Viejo, including the area of Ladera Ranch. The average asking price for a Condo in Mission Viejo is $516,500 and the Median Price is $514,900. The lowest priced Condo unit is $289,900 and the highest price is $825,000. The average days that these Condos have been on the market for sale is 37 days.

There are 90 Condos sold in Escrow in Mission Viejo and the Median asking price is $499,900. The lowest priced Condo is $289,900 and the highest asking price sold in escrow is $699,900. The average Days on Market during the sales process was 42 days.

For Condos that have sold and closed escrow in the past 30 days, the Median price sold was $499,000 and the Average price sold and closed is $497,200. The average days on market before these Condos sold was 31 days. In the past 30 days, the lowest priced Condo sold in Mission Viejo was $269,900, for a 1 bedroom 1 bath 450 SqFt. and the highest price was $850,000 for a Lake Front 2 bedroom 2 bath 1,448 SqFt Condo.

The final statistic that we employ is the Months of Inventory. The lower the months of inventory, the stronger the real estate market (a sellers market). Currently, the months of inventory for Condos in Mission Viejo is 2.5 months, which is a Sellers market.

If you would like to see all Condos listed for sale in the Mission Viejo MLS, just visit our website: Mission Viejo Condos for Sale