Costa Mesa Real Estate News – Costa Mesa Market Report – 5/22/10
May 23, 2010 by Christine · Leave a Comment
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
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:
Based upon general definitions, it appears that Costa Mesa Real Estate should still be in a Sellers’ Market based on the level of inventory, many still seem to believe we are in a Buyers’ market. However, I am starting to see more inventory in the last few weeks, which is moving Costa Mesa more toward a stable market rather than a buyers’ or sellers’ 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:
South Coast Metro Costa Mesa Real Estate Report
Mesa Verde Costa Mesa Real Estate Report
Westside Costa Mesa Real Estate Report
Eastside Costa Mesa Real Estate Report
Newport Beach Real Estate News
Fountain Valley Real Estate News
Balboa Peninsula Real Estate Report
Newport Heights Real Estate News
Huntington Beach Real Estate News
See below for homes for sale in Costa Mesa.
Showing properties
1 - 5 of 206.
See more city of Costa Mesa real estate.
(all data current as of
2/9/2012)
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$1,799,000 : 341 Vista Baya, Costa Mesa4 beds, 2 full, 1 part baths
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$1,340,000 : 416 Lenwood Dr, Costa Mesa3 beds, 3 full baths
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$1,299,000 : 493 Flower St, Costa Mesa4 beds, 1 full, 2 part baths
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$1,299,000 : 2866 Boa Vista Dr, Costa Mesa6 beds, 3 full, 1 part baths
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$1,200,000 : 1143 Aviemore Ter, Costa Mesa3 beds, 1 full, 1 part baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
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About the author: Christine Donovan is a California Residential Real Estate Broker with
experience in assisting clients buy and sell residential real estate.
Contact me for a free list of Orange County foreclosures or a free list of Orange County short sales
Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at 714-319-9751 to discuss your options.
Want to buy a home or to list your property for sale in Newport Beach? Contact me at 714-319-9751 to learn about my system which will make your buying and selling experience easier.
Disclaimer: All information in this blog is deemed reliable but is subject to change at any time and is not guaranteed to be accurate nor are there any warantees either express or implied. This blog is not intended to offer any legal, tax or other advice.
