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City of Mission Viejo We work tracts such as Aegean Heights, Aegean Hills Central, Aegean Hills, Aldenhouse, Alisal, Aliso Villas, Alta Mira, Amarante, Amberly Lane, Anacapa, Andalusia, Arborage, Ashton, Astoria, Atherton Glen, Auburn Ridge, Azure, Banister Street, Barcelona, Bel Air, Bel Mira, Belcrest, Bellagio, Bellataire, Belmont Hill, Belvedere, Berkshire, Bonaire, Bonita Vista, Branches, Briar Rose, Briarwood, Buena Vista, California Colony, California Court, California Crest, California Terrace, Canopy Lane, Capistrano, Casa Loma, Casta Del Sol, Castellina, Castille, Chambray, Charleston Place, Chesapeake, Chimmney Corners, Claiborne, Cliff Wood, Clifton Heights, Concord, Copperstone, Coral Gardens, Cordova, Cordova Vista, Coronado, Cortez, Covenant Hills, Crystal Ridge, Cypress Point, Davenport, Deane Homes, Delta Homes, Eastbrook, El Dorado, El Mirador, Emerald Pointe, Evergreen Ladera, Evergreen Lakeview, Evergreen Ridge, Expressions, Fairfield, Fashion Lane, Finisterra, Front Street, Gables, Galicia, Gallery, Granada, Grand Traditions, Greenbriar, Greystone, Hampton Road, Highland Park, Highlands, Hillcrest Village, Hillhurst, Homes By John Lyttle, J.M Peters, La Mancha, La Paz, Lake Aire, Lake Ridge. We also specialize in tract such as Las Palmas, Las Piedras, Lewis Homes, Lexington, Lifestyles, Madrid, Madrid Del Lago, Madrid Fore, Magdalena, Mallorca, Maplewood, Melrose, Meriden, Mirasol, Mission Ridge, Mission View, Montage, Montanez, Montclaire, Monte Viejo, Monterey Master, Montiel, Mosaic, Napoli, Pacific Heights, Palmia, Paloma, Pheasant Hill, Pinecrest, Potters Bend, Prescott, Promontory, Quail Run, Rainbow Ridge, Reston, Ridgegate, Ridgemont, S & S Eldorado, Saddleback, San Donato, San Marino, Sansovino, Sarasota, Savannah, Seasons, Sedona, Segovia, Seville, Shady Hollow, Shady Lane, Sherborne, Sienna Ridge, Signature Homes, Skye Isle, St. Mays Road, Sterling Glen, Stoneridge Gallery, Stoneybrook, Sumners Way, Sunesta, Sunrise Ridge, Surrey Farm, Sutter's Mill, Sycamore Grove, Sylvan Oaks, Talaverde, Tamarind, Tarleton, Tattershall, Tether Moon, Three Vines, Timberline, Trail Ridge, Trails, Tres Vistas, Valencia, Valmont, Ventana, Walden Park, Waterford, Weatherhaven, West Cliff, Westcott, Whispering Creek, Willow Bend, Wyeth. The land upon which Mission Viejo is developed was part of the 52,000-acre Rancho Mission Viejo. The chain of title to the land dates back to July 27, 1769, when a Spaniard named Gaspar de Portola led an expeditionary force from Mexico across the southern border of the ranch and claimed the land for Spain. Seven years later, the ranch witnessed the first attempt to found Mission San Juan Capistrano. Although lack of water forced the friars to relocate and the whereabouts of this old mission remain a mystery, the name Mission Viejo bears testimony to this structure's sojourn in San Juan Canyon more than two hundred years ago. After Mexico won its independence from Spain in 1821, a new flag flew over California and a new spirit filled the air. The missions, which had been established to further the spread of the Christian faith, became secularized, and their vast landholdings were granted as ranches to prominent citizens. One man who happened to be standing in the right place at the right time was an English trader named John Forster. John or Juan, as the name reads on the old land grant, married the Mexican governor's sister and acquired the three ranchos historically known as El Trabuco, Mission Viejo, and Los Potreros. But fate frowned on Don Juan Forster. Fencing 205,000 acres drained his capital, droughts destroyed his cattle, and futile efforts to attract settlers dried up his last remaining credit. When Forster died, his estate was in shambles, and his sons were forced to sell. In 1907, an Irish cattleman named Richard O'Neill acquired an undivided interest in Rancho El Trabuco and Rancho Mission Viejo. When a 1963 study indicated that urbanization was spreading south from the Los Angeles area, his grandchildren, Richard O'Neill and Alice O'Neill Avery, decided to sell 10,000 acres. Donald Bren, Philip J. Reilly, and James Toepfer purchased the property and organized the Mission Viejo Company. In 1965, a master plan for Mission Viejo was approved by the Orange County Board of Supervisors. One year later, Forster's dream of attracting settlers became a reality as families stood in line to pay $21,000 for homes on his former cattle range. In April 1966, these pioneering residents moved into the new neighborhoods near the intersection of La Paz Road and Chrisanta Drive. |
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Median price of a home in California at $548,430
in December, up 15.6 percent from year ago; sales decrease 17.6 percent LOS ANGELES (Jan. 25) – The median price of an existing home in California in December increased 15.6 percent and sales decreased 17.6 percent compared with the same period a year ago, the California Association of REALTORS® (C.A.R.) reported today. “Sales fell last month compared with December 2004’s record-setting pace, prompted by consumers’ concerns about rising interest rates,” said C.A.R. President Vince Malta. “The last few months of 2005 marked the first time since mid-2004 that the fixed-rate mortgage was above 6 percent on a sustained basis and the adjustable-rate mortgage was above 5 percent for three months in a row. “Consumers also were rattled by both the spike in energy costs and the hurricanes late last year,” he said. “Looking ahead, we expect those concerns to impact transactions completed in January as well.” Closed escrow sales of existing, single-family detached homes in California totaled 531,910 in December at a seasonally adjusted annualized rate, according to information collected by C.A.R. from more than 90 local REALTOR® associations statewide. Statewide home resale activity decreased 17.6 percent from the 645,860 sales pace recorded in December 2004. The statewide sales figure represents what the total number of homes sold during 2005 would be if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales. The median price of an existing, single-family detached home in California during December 2005 was $548,430, a 15.6 percent increase over the $474,270 median for December 2004, C.A.R. reported. The December 2005 median price remained nearly unchanged compared with November’s $548,680 median price. “We are experiencing a return to a more balanced market, in line with our expectations, although unsold inventory is still near historical lows, with a 3.6 month supply of homes for sale,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Time on the market also is nearly unchanged at 44 days in December compared with 40 days for the same period last year. “Housing affordability in the state remains at record lows, which also is impacting the robust sales trend we experienced throughout much of 2005,” she said. Highlights of C.A.R.’s resale housing figures for December 2005: . C.A.R.’s Unsold Inventory Index for existing, single-family detached homes in December 2005 was 3.6 months, compared with 2 months (revised) for the same period a year ago. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate. . Thirty-year fixed mortgage interest rates averaged 6.27 percent during December 2005, compared with 5.75 percent in December 2004, according to Freddie Mac. Adjustable mortgage interest rates averaged 5.17 percent in December 2005 compared with 4.18 percent in December 2004. . The median number of days it took to sell a single-family home was 44 days in November 2005, compared with 40 days (revised) for the same period a year ago. Regional MLS sales and price information is contained in the tables that accompany this press release. Regional sales data are not adjusted to account for seasonal factors that can influence home sales. The MLS median price and sales data for detached homes are generated from a survey of more than 90 associations of REALTORS® throughout the state. MLS median price and sales data for condominiums are based on a survey of more than 60 associations. The median price for both detached homes and condominiums represents closed escrow sales. In a separate report covering more localized statistics generated by
C.A.R. and DataQuick Information Systems, 95.5 percent or 379 of 397 cities
and communities showed an increase in their respective median home prices
from a year ago. DataQuick statistics are based on county records data
rather than MLS information. DataQuick Information Systems is a subsidiary
of Vancouver-based MacDonald Dettwiler and Associates. (The top 10 lists are
generated for incorporated cities with a minimum of 30 recorded sales in the
month.)
. Statewide, the 10 cities and communities with the greatest median home price increases in December 2005 compared with the same period a year ago were: Twentynine Palms, 81.8 percent; Taft, 79.9 percent; Yucaipa, 56.4 percent; Upland, 56.1 percent; Ridgecrest, 51.9 percent; Ceres, 48.2 percent; San Dimas, 46.9 percent; Atwater, 46.2 percent; Merced, 46.2 percent; Moorpark, 45.7 percent; Barstow, 45 percent. Leading the Way...® in California real estate for more than 100 years, the California Association of REALTORS® (www.car.org) is one of the largest state trade organizations in the United States, with more than 185,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles. |
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We have personally over 47 websites |
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