Costa Mesa Real Estate News – Costa Mesa Market Report

Costa Mesa Real Estate News – Costa Mesa Market Report

Originally no more than a way station built by Spanish missionaries, Costa Mesa’s first real estate development occurred in the 1880s. This failed to prosper, but Costa Mesa has thrived.

Long time residents may remember when the area was called Fairview and Paularino, but today, the city is a focal point in Orange County with the Orange County Performing Arts Center, South Coast Repertory Theatre and South Coast Plaza as major drawing points. It is hard to believe that Costa Mesa was once nicknamed “Goat Hill” because of its rural flavor.

The modern day Costa Mesa real estate market began as beach bungalows just minutes from the ocean. Even then, Costa Mesa, bordering Newport Beach, captured the best of Newport Beach living at a fraction of the cost. While Costa Mesa may be more affordable than comparable homes in Newport Beach or Corona Del Mar, this is a relative matter as all of Orange County real estate is perceived to be some of the most desirable in the United States.

The market report for Costa Mesa is below:

costa mesa homes

costa mesa homes absorption

Market Absorption Analysis

Per general definitions, it appears based upon the number of Costa Mesa Homes for sale and the Costa Mesa homes that are selling, Costa Mesa is experiencing a Sellers’ Market based on the level of inventory. However, many still seem to believe we are in a Buyers’ market. Current inventory is up slightly from 12 months ago, about 15%. Despite this increase in homes for sale, the absorption rate (the amount of time it would take to sell all homes currently on the market) is almost the same as it was a year ago.

Please call me at 714-319-9751 for more information about buying or selling Costa Mesa homes.

Market reports for additional areas of Costa Mesa and nearby cities:

Central Costa Mesa Homes

Costa Mesa Homes

Mesa Verde Costa Mesa Real Estate Report

Westside Costa Mesa Homes

Eastside Costa Mesa Homes

South Coast Metro Costa Mesa Homes

Huntington Beach Real Estate News

Newport Beach Real Estate News

Fountain Valley Real Estate News

Balboa Peninsula Real Estate Report

Newport Heights Real Estate News

Lido Isle Real Estate News

Balboa Island Real Estate News

Villa Balboa Real Estate News

Versailles Real Estate News

Dover Shores Real Estate News

Newport Crest Real Estate News

Newport Shores Real Estate News

Corona Del Mar Homes

Glen Mar Real Estate News


Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!

Click Orange County homes for sale to view all OC homes for sale. Copyright © 2011 by Christine Donovan, All Rights Reserved. Costa Mesa Real Estate News- Costa Mesa Market Report.

For more information about buying and selling Costa Mesa homes, please contact Christine Donovan at 714.319.9751. Originally published at Costa Mesa Homes.

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