Market Report for Mission Viejo Area

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.9 percent, for new homes it is up 23.0 percent and for resale condos even 0.0 percent. The sales volume is up for resale homes 4.6 percent and up 15.0 percent on condos and up 81.5 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are up 7.2 percent and the sales volume is up 60.9 percent.
• Mission Viejo Zip Code 92692 sales prices are down 10.2 percent and the sales volume is even 0.0 percent.
• Aliso Viejo sales prices are up 3.3 percent and the sales volume is up 35.3 percent. L
• Laguna Niguel sales prices are up 11.1 percent and the sales volume is up 9.5 percent.

Rancho Santa Margarita sales prices are down 13.4 percent and the sales volume is up 3.8 percent.

San Clemente Zip Code 92672 sales prices are down 7.5 percent and the sales volume is up 44.1 percent.

San Clemente Zip Code 92673 sales prices are down 9.1 percent and the sales volume is down 6.1 percent

If you are considering selling your home we are interested in helping you sell it Tim Lorenz. If you do not know what to do because you are behind in your mortgage and want some help Call Us we will sit down with you and explain the process.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-282-2521

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!

Villa Rockledge Set For Foreclosure Auction

$30 million beach estate on ocean front in Laguna beach known as Villa Rockledge a family compound is in default. It is not only in default but has a date set for the foreclosure auction.




The home was built in 1921 it sits over the sand on a bluff, it sits on a 1/2 acre lot and has the main home and six villas. Over 12 bedrooms with 9 bathrooms. The compound was first listed in 2009 for $34.9 million.



The Wall Street Journal did an article on the home titled, "A Castle by the Sea". The home was purchased in 1973 for $420,000. The unpaid amount on the loan for Villa Rockledge is $6,212,511.04. If the owner cannot come up with the lenders payment in full it will be auctioned June 30th.



Once again the mortgage meltdown is not just some individules that were first time home buyers.

Tim Lorenz

Instant MLS Listings & Free Market Analysis

"We have actually closed many short sales!"

http://www.markandtim.com/

949-874-2247

Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!