February 10, 2021
By Angie Week
History & Fun Facts
Wanted to share some info and fun facts with you about the beautiful city of Aliso Viejo!
I found it interesting that the city of Mission Viejo actually purchased the land to create Aliso. It took some years but it’s at the target population of just over 50,000 people with the 2020 census. Also found it interesting that every home in Aliso is within 1.5 miles from Pacific Park to encourage live-work opportunities. Pacific Park is where a couple of today’s featured podcast listings are located.
Aliso’s schools have a great reputation. There are a total of 23, 15 of those are private. With the exception of a few, most school ratings are 9 and 10. Info courtesy of greatschools.com
Now for Some Real Estate!
42% of Aliso home prices are between $604,001 – $905,000. 23.6% falling above that mark, 34% fall below.
The average rental for a 2 bedroom home is $2,260.
It’s got a Seller’s market index of 84 for single family homes & 89 for condos. Both very strong numbers.
Aliso Viejo is doing something really fun – they are paying it forward with a ‘Community Hub and Urban Farming area that is set to unveil in May!
Per the City, ‘A longtime in the making, this unique plan includes the rehabilitation and adaptive reuse of the exciting barn and bunkhouse along with a working farm with fruit & nut tree orchards, raised-bed vegetable gardens and several fish ponds, each with about 2,000 tilapia that will be harvested biannually. The locally sourced food grown onsite will be donated – at no cost – to food banks and will provide farm-to-table food for school culinary programs and community classes and functions.
I just love this idea so much – maybe more Cities will follow Aliso’s lead and ‘pay it forward’ as well.
One final thing, Soka University has opened a 2nd Covid-19 vaccination ‘super’ site for South County. Beats that drive to Disneyland if you’re looking to get the vaccine.
Thanks for listening to the podcast today, we appreciate you!
Until next time ~ Patti Gregory, Realtor
Patti Gregory Real Estate Team
Call Us Today
714 469 5529
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023
Something big is happening in the U.S. housing market—here’s where 27 leading research firms think it’ll take home prices in 2023 Do you like this Article ? Sign up HERE for your FREE M&M Account to receive more Real Estate related information and news and THIS...
California Buyers Still Can’t Afford Homes
The issue for California residential real estate remains the same. Poor affordability means that despite latent demand, buyers can’t afford the prices of homes in the Golden State. For that reason, many have left to find much cheaper homes in other states. Unemployment will likely be on the rise along with lower business profitability (tech sector continues to lay off workers) which means fewer buyers are likely for 3 to 6 months.
The stronger consumer optimism is running against sticky inflation and a likelihood the FED can’t lower interest rates. But will that discourage buyers in California? Demand is always intense in CA. No other place offers what California has, and buyers today do seem to put lifestyle at the top of their list.
The luxury housing market, like most other real estate sectors, is adjusting to a slowdown. Affordability and home size are every bit as much on wealthy buyers’ minds as other consumers. “The reality is we are coming out of one of the best real estate markets in history,” Gary Gold, a luxury property specialist with Coldwell Banker Realty in Beverly Hills, Calif., notes in the latest Coldwell Banker Global Luxury Trends Report. “But that level of demand and price appreciation wasn’t sustainable.”
Nearly 90% of respondents to the Coldwell Banker survey say they believe the real estate market will be better than or the same as 2022 for property investment. The following emerging trends were noted in the report.