Costa Mesa Real Estate – Eastside Costa Mesa Real Estate News – Jan. 2015
Eastside Costa Mesa is a charming area of Costa Mesa that borders Newport Beach, resulting, in a tendency towards higher property values than some other areas of the city. It is bounded by Irvine Boulevard on the east, Newport Boulevard on the west, 15th Street on the south and Mesa Drive on the north.
Though there are now many newer homes on smaller lots, there are still many of the original lots in Eastside Costa Mesa around 10,000 square feet. This is a large size lot in Orange County, allowing for space to expand smaller, older homes if desired.
Eastside Costa Mesa is known for wide streets and lovely, mature trees, homes with picket fences and an eclectic mix of different types of homes.
The current real estate market report for Eastside Costa Mesa Real Estate is below:
Though the number of days that it takes to sell a home in Eastside Costa Mesa was growing in the last half of last year, it decreased significantly from 87 days in October and November of 2014 to 59 in December. Still that is much higher than the 38 days it took in March of 2014. With extremely low inventory currently on the market, we may continue to see it take less time to sell homes. Though this would typically indicate a strong sellers market, it remains to be seen if that will remain the case as we move into the spring which is typically a hotter market. As always, the more desirable a home, the better it is priced, and the closer to the lower or mid range, the more likely it seems to be to garner multiple offers.
With interest rates falling again recently and homes still be low the pre-crash heights and with low inventory and lower days on market, this would appear to be a good market for both buyers and sellers with both having certain advantages.
Please contact Christine Donovan at 714-319-9751 to discuss the current value of your Eastside Costa Mesa home and its current value to decide if it might be time to take advantage of this sellers’ market.
Click the map below to see homes currently for sale in Eastside Costa Mesa.