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Median House Prices in beautiful Aliso Viejo have increased from a median price of $625,000 in January to a median price of $670,000 through to September of this year. This represents a 7.2% increase in prices for detached houses in Aliso Viejo for the first 9 Months of this year. Based upon our weekly analysis of the months of inventory, which has been increasing in the past several months, we foresee house prices staying flat for the remainder of 2005' in Aliso Viejo.
For the 3rd quarter of 2005' (July, Aug, Sept), there were 152 houses sold in Aliso Viejo, and the average dollar per square foot was $403/Sqt . The average closed sold price was only 2% less than the average asking price for the 3rd quarter. And the average days on market before the sale was 37 days, which are both signs of a healthy market even though the market has cooled done as of late.
Currently there are 103 detached houses for sale in Aliso Viejo, with a median asking price of $759,000 and the average days on market is 43 days. The least expensive house on the market for sale is $545,900 for a 3 bedroom, 2.5 bath, 1,300 SqFt house in the Hamptons tract. And the most expensive home is $1,890,000 for a 5 bedroom, 4 bath, 3,950 SqFt estate with panoramic view located in the Sliver Oaks tract of Aliso Viejo.
We do not foresee a drop in house prices for 2006'. On the contrary, we expect a moderate appreciation rate of about 5% to 10% due to: a general lack of housing supply, interest rates are still very low compared to history, unemployment is low in Orange County, and housing demand is still strong for Aliso Viejo. If you would like to view all houses for sale in Aliso Viejo, visit our website at: Aliso Viejo Real Estate
Technorati Tags: [Real Estate], [Homes], [Condos], [Orange County]
