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Aliso Viejo was originally part of the 22,000 acre Moulton Ranch. The Moulton family took title in the 1890's to land originally granted to Juan Avila by the Mexican government in 1842. In 1976, Mission Viejo Company purchased the last 6,600 acres for a new planned community that is now part of the City of Aliso Viejo. Aliso Viejo real estate market began when the first residential units were offered in March of 1982 and the first residents arrived in November of the same year.   

Aliso Viejo became Orange County 's 34th city on July 1, 2001. The first planned community in Orange County, it was targeted to middle and upper-middle income homebuyers. Aliso Viejo had only 7,600 residents in 1990 but from then the Aliso Viejo real estate market really took off.  Developers were building homes, condos and apartments so fast that there were waiting lists and lotteries held for singles and couples anxious to be a part of the community. By 2000, the population expanded by 32,000 residents, making it the top city in population growth in Orange County.

Designed to make it possible to live, work and play in the same community, the Aliso Viejo real estate market today remains a popular place to live.