Aliso Viejo Market Beat

October 14, 2020

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By Saeed Ghaffari

What About Aliso Viejo?

Aliso Viejo became Orange County’s 34th city on July 1, 2001, the only city in Orange County to be incorporated since 2000.  It is one of the best places to live in California, it holds the true meaning of a bedroom community, and yet offers residents an urban suburban mix feel with many restaurants, coffee shops, close proximity to Orange County beaches and mountains. Aliso Viejo is the third safest city in the U.S. and the safest city in California, according to a recent National Home Safety Rankings Index study by SERVIZ, a home services company.

In 2018, the population of Aliso Viejo was reported to be 51,783 by the US census bureau.

The median age for its population is reported to be 36.6 with a median income of slightly over $102,000 a year.

Schools:

Aliso Viejo has 14 schools (elementary, middle and high school). Except for one elementary school that is rated 5, the rest rate between 8 and 9, with Aliso Niguel High and Don Juan Avila Middle at 10.

 

Aliso Viejo Real Estate

The table below display the median price, price per square foot and the median rent for both single family and condominiums in Aliso Viejo.

Home appreciation the last 10 years has been 26.9%. Home Appreciation in Aliso Viejo is up 5.0%

– The median age of Aliso Viejo real estate is 23 years old

– Renters make up 36.0% of the Aliso Viejo population and
– 1.4% of houses and apartments in Aliso Viejo are available to rent

 

  Single Family Residence Condominium
Median Price $1,004,500 $609,949
Price Per Square Foot $422 $441
Median Rent $3,530 (3 bedroom) $2,010 (2 bedroom)

 

Both residential properties, condos and single family homes are enjoying a strong seller market with an edge towards condos.  Fastest selling condos seem to be those with 3 bedrooms, 3 bathroom and square footage around 1900 averaging 13 days on the market. Single family homes with 4 bedroom, 3 bath, and square footage around 3100 seem to be the most popular of SFRs averaging 17 day on the market.

Figures and tables below offer more information on both condos and single family homes.

 

Condominiums

 

Single Family Residences

Sources: Altos.re, bestplaces.net, ocregister.com & Wikipedia

Aliso Viejo

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