Thursday, July 26, 2012

Investor Buyers Jumped on Bargains at Costa Mesa CA Homes and Real Estate

Costa Mesa Live

Costa Mesa CA home and real estate investor buyers have been busy jumping on bargains this year - buying 413 homes so far as of July 25, 2012 - with closed escrows as indicated by the CRMLS.

Costa Mesa CA homes now listed have average asking price of $692k - which is one of the hottest selling price categories at Orange County CA.

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Investor buyers at Costa Mesa CA have had cash situations and also taken advantage of excellent home purchase money mortgage rates - with declining average home sold prices since peak of 2006.

2006 - $738,194 average Costa Mesa sold price - the peak

2011 - $496,042 average sold price

2012 so far - $472,967 average Costa Mesa sold price

That's a drop in average Costa Mesa sold price of 35.9 percent from the peak during 2006.

Current average Costa Mesa interior selling price is $295 per square foot - which is very low and at investor range.

Costa Mesa has been hot with buyers during 2012 with 59 homes average sold per month - Market time is less than two months - that time it what it would theoretically take to sell all Costa Mesa homes now for sale.

Good COSTA MESA properties are still listed.
 

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Source of some information is Steven Thomas at ReportsOnHousing.com and CRMLS.

 

Contact us about listing and sale of Costa Mesa and Orange County CA homes and real estate. ~ Professional REALTOR® agent representation and help for property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Posted via email from Explore OC Homes

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