Sales in the Arroyo Viejo market fell to three homes sold over the last 30 days, while the number of sellers reducing their list prices reached two, which continues an identifiable upward trend in price reductions. All indications show that the trend may be coming to an end, meaning less price reductions over the next few weeks. The median sales price dropped to $340,000 over the latest reporting period for Arroyo Viejo, down from $350,000. With only two months of inventory to sell, Arroyo Viejo is a strong seller's market, in spite of the dip in sales.
For a potentially great deal, make sure you look at these listings that had large price cuts in Arroyo Viejo: