Mission Viejo Open Houses & Trendwatch

As everything has unfolded with the economy the last few months I’ve started to notice an interesting trend with the Open Houses.  With markets pretty much frozen for the average person, we’re seeing more of an increase in higher end homes utilizing open houses as a sales marketing tool.

But Sheila, you wonder, why is it then that we are still seeing such a sale of smaller/lower priced properties?  I mean, the value of the homes continues to drop so smaller homes are still selling.  Yes they are, but not to Mr. and/or Mrs. First-time Homebuyer.  Many of these sales are REO’s and short sales and are going to the experienced buyer or investor not looking to flip, rent or invest in these homes.   Open houses are simply not an effective tool for this clientele. 

But for Mr. and/or Mrs. Looking to Find My Retirement Home it’s effective.  They are taking their time to buy, waiting for prices to round out close to the bottom.   So they look, look, look and strategically make their next move.

With the tanking of the market this week and the economic chaos I wouldn’t be surpised if we see the market temporarily slow to an almost halt as people gather their senses and develop a personal investment plan (or how to recoup their investments that have just shrunk significantly).  In the meantime, here are some of the Open Houses I found available for the weekend.  As you’ll see, there aren’t many that are on the lower end of the current pricing spectrum in each city.

Mission Viejo
22201 Stillwater
4 beds / 3 baths / 3,307 Sq Ft
Listed For:  $1,099,000
Open  Sat 1-4

10 Arcata
5 beds /3 baths / 3,000 Sq Ft
Listed For:  $975,000
Open Sat 2-5

26112 CAMINO ADELANTO
4 beds / 3 baths / 2,085 Sq Ft
Listed For:  $650,000
Open Sat 12-4

26562 El Mar Dr
4 beds /3 baths /2,200 Sq Ft
Listed For:  $599,000
Open  Sun 2 -6

Laguna Hills
27482 Lost Trail Dr
5 beds / 5 baths /4,500 Sq Ft
Listed For:  $2,150,000
Open Sun 1-5