South Coast Metro is an area that encompasses both Costa Mesa and Santa Ana. However, the South Coast Metro area in Costa Mesa usually refers to the area east of Bear Street and north of the 405 (San Diego Freeway). It is at the junction of Orange County’s 55 and 405 freeways. It is the area of Costa Mesa closest to South Coast Plaza. In this unique neighborhood, premier office space and world class shopping vie with first class dining and performing arts venues to form a cosmopolitan blend of culture and business.
The Market Report for South Coast Metro is below:
Based upon general definitions, it appears that the South Coast Metro area of Costa Mesa should be in a Sellers’ Market though many still say it’s a Buyers’ market. Given all that is going on in the credit market and the banking industry, we are in an unusual time and will have to see what happens over the next few months as things hopefully begin to stabilize.
Market reports for additional areas of Costa Mesa and nearby cities:
Central Costa Mesa Real Estate Report