The real estate market in south Orange County, CA and Mission Viejo has slowed down substantially as compared to last year, and is now a Neutral market.  The months of inventory for south Orange County (including Mission Viejo) now stands at about 5.7 months for all price ranges and for Condos and Single Family Homes combined.

Currently, for Mission Viejo CA (not including Ladera Ranch) there are 403 detached single family homes on the market for sale.  The Median price for these detached homes is $783,000.  The least expensive home is a 2 bedroom, 2 bath, 1,279 square foot home and is located in the retirement community called Casta Del Sol and is ranged priced at $499,900 to $519,900.  The most expensive home is 4 bedroom, 3 bath, 3,100 square foot estate in the Tres Vistas tract with a Mission Viejo Lake front view, and is range priced fro $2,299,990 to $2,399,990.

There are 111 detached homes currently in escrow in Mission Viejo.  The median priced home that is sold in escrow is $759,900 and the average price for these homes is $800,000.   The average price per square foot is $410/SqFt and the average days on market is 50 days. The least expensive home In Escrow is a 2 bedroom, 2 bath 1,279 square foot home in the Casta Del Sold tract, and the most home expensive home under contract (In Escrow) in Mission Viejo, CA is a 5 bedroom, 3.5 bath, 4,253 square foot home for $1,479,000 in the Stoneridge tract.

For the past 3 months, there have been 240 detached homes that have sold and closed escrow in Mission Viejo.  The median price of these sold and closed homes was $752,000 and the average price was $806,394.  The average days on market was 46 days and the average price per square foot was $398/SqFt.  The least expensive home sold was a 2 bedroom, 1.5 bath, 1,065 square foot home in Casts Del Sol again, and the most expensive home sold was a 5 bedroom, 5 bath, 5,246 square foot estate in the San Marino tract of Mission Viejo that sold for $2,700,000.

If you would like to view all homes listed for sale in Mission Viejo, just visit our website at:  Mission Viejo Real Estate.

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