Costa Mesa Short Sales – Current Data Report
February 10, 2010 by Christine · Leave a Comment
Short sales have become a fact of life in all areas of Orange County real estate, and Costa Mesa is no exception.
Of the 176 homes currently for sale in Costa Mesa, 57 homes are short sales or in the foreclosure process. This is over 32% of the current inventory of homes.
Costa Mesa sign
Of the 154 homes that are currently in escrow, 104 homes are short sales or in the foreclosure process. This is over 2/3 of the homes in escrow.
Of the 713 homes that sold in Costa Mesa in the last 12 months, 169 were short sales or homes that were in the foreclosure process. This is just under 24% of all of the homes that sold last year.
It appears from this that far fewer homes are closing escrow than those that go under contract or in escrow.
Perhaps this is because of the difficulties of getting short sales closed and understanding when a seller might qualify for a short sale.
If you would like to know if you are a good candidate for a short sale, please contact us at 714.319.9751 for a free consultation.
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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.
