Aliso Viejo, California ~ Local Housing Market Report ~ March 19, 2009

ALISO VIEJO, CALIFORNIA ~ a beautiful residential area with some commercial development located in the hills about five miles inland from the Pacific ocean at Laguna Beach, south of Irvine, west of Laguna Hills, north of Laguna Niguel.

With estimated population of 41,000 people ~ Aliso Viejo became Orange County's 34th city in 2001 and is the newest City in The OC. There are solid businesses and employment positions in medical, banking, finance, education, high tech, service, real estate, research and development.

There are now 224 homes for sale at Aliso Viejo ... each with average time of 85 days on the market.

110 of those ALISO VIEJO homes now for sale are SHORT SALES not yet lender approve (which is almost half of the homes now for sale market)

18 of those ALISO VIEJO homes now for sale are REO bank owned (only 8 percent of homes now on the market)

126 of the ALISO VIEJO homes are now under contract and in pending escrow.

57 of the ALISO VIEJO homes have been sold with escrows closing during the past thirty days since February 18, 2009

The average ALISO VIEJO sold home price for those 57 was $406,694 ... with average time of 68 days on the market.

10 of the sold ALISO VIEJO homes during the past thirty days were short sales.

14 of the sold ALISO VIEJO homes during the past thirty days were REO bank owned.

Result is that 24 of the sold 57 ALISO VIEJO homes this past month were distressed in some way, REO, short sale, in foreclosure, etc. Therefore, 42 percent of the homes sold during past thirty days were distressed.

At that rate of sale (224 homes on the market divided by 57 homes sold during past 30 days) ...

ALISO VIEJO now has has only 3.92 months of supply of homes for sale on the market.

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SEARCH AND CLICK HERE FOR INFORMATION ~ ALISO VIEJO, CALIFORNIA, HOMES AND PROPERTIES NOW FOR SALE.

This market report is a summary of information provided to us by the SoCal Multiple Listing service.

If you are want information about homes and properties at ALISO VIEJO, California, please contact us. Harrison K. Long, Explore Group Properties, Coldwell Banker Previews, at 949-854-7747.