Costa Mesa Home Inventory Low
Colin Delaney March 5, 2012
Colin Delaney March 5, 2012
Ah, spring has almost sprung, and normally that is the start of our selling season here in Costa Mesa. This weekend, we move the clocks forward and gain that extra hour of light. Not sure I’m looking forward to that first early wake up call though.
Normally here in Costa Mesa we have our “high season” where there is moderate inventory and good demand which leads to higher/successful sales. However, this month inventory is critically low. How low? Usually in the Mesa Verde area we would have approximately 25-35 homes for sale. Where are we at today? 18! And I know after speaking with another agent this morning 3 of those listings are in escrow and have not been updated, which takes us down to about 15. I wouldn’t be surprised if that number is actually a bit lower too.
How else do I know our inventory is really bad? I’m getting calls. I’m getting calls for “anything” in Costa Mesa from other agents who are desperate to find something for their clients. I have had calls on my three properties that are in escrow, all from agents who want to write backup offers in hopes something changes with the current escrow.
Why is this happening in Costa Mesa right now? Pretty simple. 1. High demand from buyers because the interest rates are so low (sub 4%). 2.High demand from buyer because they think the market won’t get lower. 3. Lower incidence of short sales and REO properties on the market from banks (perhaps the lenders are finally dealing with their issues?) 4. Traditional Costa Mesa standard sellers not interested in selling.
If you are thinking of selling, this would be a time where all your stars could line up. I know in one of my current sales we are getting quite a lot, and with reduced inventory you can really max out on a higher priced home.
I would be happy to talk to you! Even if you are not sure yet, and just want an opinion of what your home might be worth, feel free to give me a call. Colin can be reached at (714) 743-9882 or E-mail me here to reach me.
Colin Delaney | May 29, 2024
Sharing the nuts and bolts of this sale helps illustrate what is going on right now.
Colin Delaney | May 6, 2024
Highest price paid for this model of approx 1814 Square feet.
Colin Delaney | May 5, 2024
Here are the recent Mesa Verde neighborhood sales for 2024Â through the end of April.
Colin Delaney | March 13, 2024
So excited to share our new short film for our listing at 2717 Cardinal Drive!
Colin Delaney | March 10, 2024
This home has lovingly been cared for and has been in the same family for more than 40 years.
Colin Delaney | January 2, 2024
It’s the one where I am forecasting everything that is about to happen in Costa Mesa real estate.
Colin Delaney | April 10, 2023
We typically see listings start to trickle on the market in late February, with an increase in March.
Colin Delaney | January 14, 2023
Mesa Verde Home Inventory for active listings is currently at 5 active listings.
Colin Delaney | January 7, 2021
It’s that time again! New Year, new 2021 Costa Mesa real estate predictions!
Colin’s commitment to getting sellers top dollar and securing the best deals for buyers is backed by a proven track record and extensive local knowledge.