The real estate market in Aliso Viejo has been very strong for the first six months of 2005.This is due to fixed interest rates hovering around 5.5%, a strong local job market in Orange County, and the ocean close desirable community of Aliso Viejo.
The Median price is simply the price at which have of the homes sold are priced less than this number, and the other half of the homes sold are priced more than this number.The Median is a better representation of the overall price of a given market as compared to the Average. The average can be skewed to a much higher price just due to a few homes sales in the upper price ranges.
The lowest priced home sold in Aliso Viejo for the month of June was a 1 bedroom, 1 bath Condo in the Heather Ridge tract that sold for $308,00, and the highest priced home sold was a 5 bedroom, 4.5 bath, 3,800 square foot executive estate in the Silver Oaks tract of Aliso Viejo. With the Months of Inventory at market lows of around 1.5 months, the real estate market in Aliso Viejo should remain hot for the foreseeable future.
For more information about homes for sale in Aliso Viejo, please visit our website: Aliso Viejo MLS.
