Mission Viejo Market Beat

September 30, 2020

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By Saeed Ghaffari

Mission Viejo was purchased by John Forster, a Mexican also known as “Don Juan”. During the Mexican-American War, Forster provided fresh horses to United States military forces which were used on the march of San Diego to retake Los Angeles.

Lake Mission Viejo, a 124 acre man made recreational lake offers fishing, boating, and swimming to local residents and visitors. It also offers playground, snack bars and restaurant and retail stores within walking distance.

19 lbs 12 oz largemouth bass, caught in 2006 by George Coniglio is considered the biggest bass legally caught in the state, possibly in the country that year and ranks 13th largest all-time nationwide.

Every summer, the residents can enjoy the series of ‘concerts at the lake’ and a spectacular 4th of July fireworks and festivities.

Mission Viejo Real Estate

As of today, September 29, 2020, the market action index is at 65 for condominiums and 81 for single family residences, a very strong seller market for condos and even a stronger market for single family residential properties.

Mission Viejo is among the most desirable places to live in OC and its properties are in high demand for a number of reasons: It’s beautiful lake, closeness to Saddleback mountains, Orange County airport, and UC Irvine. School ratings in Mission Viejo are very high. It has many schools with ratings of 8 & 9 and 2 with the ratings of 10, La Paz Intermediate and Oxford Preparatory Academy. In addition to its natural and geographical desirability and schools, it has a very low crime rate of 8.6 compared to the national average of 22.7. 

 

The median income for Mission Viejo residents hovers around $98,000

Single Family Residences

Mission Viejo Market Beat

 

Condominiums

Mission Viejo Market Beat

Mission Viejo RE Stats: 

  Single Family Residence Condominium
Median Price $860,000 $535,000
Price Per Square Foot $431 $432
Median Rent $2900 $2334


Hot ticket properties are single family homes around 2400 square feet with 4 bedrooms. The average days on the market for such properties is 26 day.

Mission Viejo Market Beat

Sources: Altos.re, bestplaces.net & Wikipedia

Mission Viejo Market Beat

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