The Aliso Viejo housing market offers a snapshot of the city’s vibrancy, characterized by its varied real estate options and pricing tiers. This article explores the intricacies of the Aliso Viejo real estate landscape, providing potential homeowners and investors with an in-depth look at current home prices, market trends, and what these figures mean for them. This report also highlights the distinctions between property types and identifies the factors influencing Aliso Viejo’s real estate dynamics.
Table of Contents
Aliso Viejo Housing Market Data
1. Median Home Price
This section analyzes Aliso Viejo, California’s housing market, by detailing current home prices and breaking them down by property type. It outlines the general trend of higher pricing for single-family homes compared to townhouses and condos. Additionally, it compares Aliso Viejo’s home prices with those in other Orange County cities, allowing for a broader understanding of its market position. The data will equip prospective buyers with valuable insights for making informed purchasing decisions in Aliso Viejo.
- Current Sales Prices of Aliso Viejo Homes
The table below summarizes Aliso Viejo’s housing market costs, with an overall median sales price of $867,500 for homes. Single-family homes are the most expensive, averaging $1,302,500, while townhouses and condos are more affordable at $845,000 and $780,000, respectively. This pricing diversity in Aliso Viejo provides a range of options for various budgets, from more luxurious single-family homes to more economical attached living spaces.
| Property Type | Aliso Viejo Median Home Sales Price |
| All Properties | $867,500 |
| – Single-Family Home | $1,302,500 |
| – Townhouse | $845,000 |
| – Condominium | $780,000 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
- Aliso Viejo Home Sales Prices Over Time
In Aliso Viejo, the median home sales price has consistently increased over time, remaining just under but on pace with the broader Orange County market. The chart trend lines depict single-family homes as experiencing the most significant value growth. At the same time, condominiums and townhouses have more moderate price increases, indicating a steady demand for all property types in the city. The sustained rise reflects a healthy and growing market in Aliso Viejo that is attractive to a range of buyers.
- Current Home Sales Prices – Aliso Viejo vs. Other Orange County Cities
The median home sales price in Aliso Viejo places it in the low to mid-range among Orange County cities, reflecting a real estate market offering relative affordability while showcasing desirable property values. The data indicates that Aliso Viejo is a competitive option for buyers seeking value in a less inflated market, with median prices suggesting a balance between quality and accessibility within the Southern California housing landscape.
2. Supply and Demand – Aliso Viejo Housing Market
This section comprehensively examines the supply and demand dynamics within Aliso Viejo’s housing market. It outlines the total housing stock, active listings, recent sales, current inventory level, and how quickly homes are selling. A snapshot of these indicators helps illustrate the market’s fluidity and efficiency, providing prospective buyers with a clearer understanding of the pace and health of Aliso Viejo’s real estate activities.
- Key Housing Market Indicators – Aliso Viejo
Aliso Viejo’s real estate market exhibits more subdued activity compared to the broader Orange County trends. There are around 44 active home listings and 32 sales per month, resulting in a 1.4-month inventory. The average home remains on the market for nine days, which, while brisk, indicates a market with lower transaction volumes that could suggest a tighter, more competitive landscape for buyers.
| Total Homes in Aliso Viejo | ~20,200 |
| Active Home Listings | 44 |
| Homes Sold | 32 |
| Inventory – Months Supply | 1.4 |
| Days on Market | 9 |
Total Homes in Aliso Viejo: This refers to the approximate number of residential properties within the city.
Active Home Listings: The number of homes currently listed for sale in Aliso Viejo.
Homes Sold: A count of the actual sales that have closed in a given month. Calculations are based on sold data.
Inventory – Months Supply: The inventory of homes for sale at the end of a given month, divided by the average monthly Pending Sales from the last 12 months, also known as absorption rate.
Days on Market: The average number of days between when a home in Aliso Viejo is listed and when an offer is accepted in a given month.
- Aliso Viejo Active Listings vs. Homes Sold Over Time
Aliso Viejo’s active home listings closely align with the number of homes sold, suggesting a tight and efficient housing market. With relatively low volumes, this trend points to a steady demand that closely matches the lower supply, maintaining relative equilibrium in the local real estate landscape.
- Current Days on Market – Aliso Viejo vs. Other Orange County Cities
Aliso Viejo homes tend to sell faster than in many other Orange County cities, with a relatively low median number of days on the market. This suggests a brisk real estate environment where listings move quickly from being listed to sold, indicating efficient market dynamics and strong buyer interest.
3. Property Taxes
Property taxes in California are determined by a combination of state law and county-specific regulations. Under Proposition 13, enacted in 1978, the base tax rate for properties is fixed at 1% of the assessed value. This assessed value is initially pegged to the purchase price and can only increase by a maximum of 2% annually, safeguarding homeowners from steep tax hikes when property values escalate quickly.
Orange County follows this state framework but also applies additional levies that can vary significantly between locations within the county. These can include voter-approved debt rates for city and district improvements, and direct assessments for community services like flood control and street lighting. Also, properties in areas with Mello-Roos districts may incur additional taxes for community facilities.
To help better understand, consider the property tax bill example below. It breaks down the individual components that constitute the total tax obligation. Notably, while the General Tax Levy remains constant at 1%, the aggregate of additional charges, such as special district assessments, significantly affects the overall tax bill. These variations emphasize the importance of due diligence in comprehending the full scope of property taxes when assessing the cost of homeownership in different parts of Orange County.
4. Median Home Size
This section examines the median home size and price per square foot in Aliso Viejo, essential indicators for assessing property value and space. These metrics aid prospective buyers in comparing market value and understanding what their budget can secure in terms of home size, especially in relation to other areas in Orange County.
- Aliso Viejo Home Size and Value
The median home size in Aliso Viejo is approximately 1,420 square feet, with a price per square foot of $610. This places Aliso Viejo in the bottom to mid-range for both home size and price per square foot compared to other cities in Orange County, suggesting that the area offers a balance of spaciousness and value within the region’s real estate market.
| Median Home Size | ~1,420 ft2 |
| Price per Square Foot | $610 |
All data is from the California Regional Multiple Listing Service, INC. InfoSparks © 2024 ShowingTime.
Aliso Viejo Residents Data
1. Population
Exploring the dynamics of Aliso Viejo’s population and its density offers a glimpse into the city’s living conditions and community structure. Population density, which measures the number of residents per square mile, sheds light on how closely people live together and can indicate the balance between urban development and available living space. Understanding this helps explain how population concentration impacts the social fabric, infrastructure, and lifestyle of residents in Aliso Viejo in relation to other parts of Orange County.
- Aliso Viejo Population Statistics
Aliso Viejo has a population of 50,237 with a population density of 7,261 residents per square mile, indicating a densely populated suburban environment.
| Population | 50,237 |
| Population Density (Residents per square mile) | 7,261 |
- Population Density – Aliso Viejo vs. Other Orange County Cities
Aliso Viejo has a higher-than-average population density for Orange County, with 7,261 residents per square mile. This indicates a thriving suburban community with relatively close-knit residential spaces and active urban engagement.
2. Employment Industries and Median Income
Exploring the economic landscape of Aliso Viejo reveals the key employment sectors underpinning the local job market and the median household income, reflecting the community’s overall financial health. A deeper understanding of these factors helps frame Aliso Viejo’s economic position within the wider context of Orange County.
- Aliso Viejo Industries and Employment Breakdown
The employment sectors in Aliso Viejo are diverse, with Professional, Scientific, and Technical Services leading at 14.5%. This is followed by Health Care & Social Assistance and Retail Trade, highlighting a robust economy grounded in professional services, health care, and consumer retail.
- Aliso Viejo Median Household Income and Employment Rate
Aliso Viejo’s median household income stands at $131,708, with an employment rate of 72.40%, indicating a financially robust community with a strong labor force participation rate, placing it well within the higher income brackets in Orange County.
| Median Household Income | $131,708 |
| Employment Rate | 72.40% |
(ages 16 and over) that is employed, excluding those not seeking employment, such as retirees and students.
Source: US Census Bureau
3. Aliso Viejo City Attractions
Aliso Viejo, California, is a vibrant city known for its suburban charm, community-oriented lifestyle, and scenic landscapes. Here are some of the main attractions:
- Aliso and Wood Canyons Wilderness Park: A vast natural reserve offering miles of hiking, biking, and equestrian trails amidst diverse habitats and stunning geological formations.
- Soka University of America: A beautiful university campus known for its architecture, peaceful grounds, and cultural events open to the public.
- Aliso Viejo Town Center: The heart of the city, featuring shopping, dining, and entertainment options, as well as community events.
- Aliso Viejo Aquatic Center: A family-friendly facility with swimming pools, a splash pad, and picnic areas, ideal for cooling off during the warmer months.
- Aliso Viejo Country Club: A private club offering golf, tennis, and social memberships with breathtaking views and upscale amenities.
- Aliso Viejo Community Park: A sprawling park with sports fields, playgrounds, and picnic areas, serving as a hub for outdoor activities and community gatherings.
- Grand Park: A central outdoor venue for concerts, movie nights, and holiday celebrations, fostering a strong sense of community.
- Renaissance ClubSport Aliso Viejo Laguna Beach Hotel: A luxury hotel with a state-of-the-art fitness center, spa, and upscale dining, catering to both locals and visitors.
- Oak Grove Elementary School Park: Known for its spacious playground and sports courts, it’s a popular spot for families during after-school hours and weekends.
- Aliso Viejo Golf Club: A scenic 18-hole golf course that challenges players while offering picturesque views of the Saddleback Valley.
Aliso Viejo combines the convenience of city living with the tranquility of a suburban community, making it a desirable location for families and professionals alike.
Conclusion
Aliso Viejo’s housing market data reflects a community in balance: active yet not overwhelmed, priced within reach yet appreciating in value. The insights gleaned from this data offer not just numbers, but a narrative of a city that’s growing, diversifying, and becoming an increasingly attractive destination for potential homeowners and investors. Whether one is drawn by its economic vitality or the promise of a home that meets their budget and lifestyle, Aliso Viejo stands out as a noteworthy chapter in the broader story of Southern California’s housing market.
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