Wednesday, March 17, 2010

Costa Mesa Housing Market Update - Hot Time With Buyers and Lots of Pending Transactions

Costa Mesa is the casual South OC community where people live less than two miles from the beach at Newport, where folks enjoy picnics and riding bikes, skateboarding and hiking or running with their dogs at Castaways.
Housing market update at Costa Mesa shows expected short market time, lots of homes now in backup and pending, and that the Costa Mesa neighborhoods have been hot and trended to favor sellers. 
  • 187 Costa Mesa homes are now listed for sale.
  • 11 of those listings are REO lender owned (5.8% of market).
  • 56 of those active listings are short sales offerings (30% of listings).
  • 48 Costa Mesa homes were sold during the past 30 days.
  • 171 Costa Mesa homes are now in contract pending or backup.

So the Costa Mesa housing market is now favoring sellers with short market time comparing pendings to number of listings.  Homes with asking prices over $700k are still more challenging for sellers.


Posted via email from Explore OC Homes


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