Mission Viejo Market Insight: Cordova Single-Family Homes

The Mission Viejo market continues to show steady buyer activity, especially in well-located neighborhoods like Cordova. With low inventory and strong demand around the $1M price point, homeowners in this pocket have a unique advantage. Below is a clear, data-driven insight into what’s happening right now.

🟦 Active Listing

There is currently one active single-family home for sale in this area:

• List Price: $1,369,000

• Size: 1,253 sq ft

• Price per Sq Ft: $1,092/sq ft

• Days on Market: 69 days

Market Insight:
This home is priced at the very top of the neighborhood on a per-square-foot basis. Because of that, it’s taking longer to attract the right buyer as shoppers compare it closely to recent activity.

🟧 Active Under Contract (AUC)

One home is currently in escrow, giving us real-time information about buyer behavior:

• List Price: $990,000

• Size: 1,256 sq ft

• Price per Sq Ft: $788/sq ft

• Days on Market: 29 days

Market Insight:
This pending sale illustrates the current sweet spot of buyer demand — high-$900Ks, especially for clean, well-located homes. When pricing is aligned with neighborhood expectations, offers are coming in more quickly.

🟩 Recently Sold Homes (2 Closings)

Recent sales tell us what buyers are actually willing to pay today.

Sale 1

• Sold Price: $1,025,000

• Size: 1,120 sq ft

• Price per Sq Ft: $915/sq ft

• Days on Market: 2 days

Sale 2

• Sold Price: $1,087,000

• Size: 1,584 sq ft

• Price per Sq Ft: $686/sq ft

• Days on Market: 15 days

Market Insight:
Homes priced between $1.0M and $1.1M are moving swiftly, with one home selling in just 2 days. Condition, presentation, and pricing all play major roles. The variation in price per square foot also reflects differences in size, upgrades, and lot characteristics.

💡 What This Means for Mission Viejo Homeowners

• Buyer demand remains active and price-sensitive.

• Homes positioned in the $990K–$1.1M range are the most attractive segment.

• Overpricing on a per-square-foot basis can extend market time.

• Low inventory creates a strong opportunity for sellers who bring a well-priced home to market.

If you’d like to talk about what this activity means for your specific home or your neighborhood, I’m always here as a resource.
And if you’re considering a move, I can provide insights for any other areas you’d like to explore — just let me know what’s on your radar.

Patti Gregory Realtor
Haven Realty Group
Your Partner in Success

714.398.1998
REAL Brokerage
DRE 01182154.