Costa Mesa Optimism Way Up

So we are heading toward record highs once again. We are very close to top levels paid for homes in 2006 and 2007 in Costa Mesa real estate. Is that good, bad, or should we be optimistic about our prospects for the future?

 

Here’s a cool infographic that spells out where the next generation of young home buyer’s optimism is at:

 

 

I think there is a lot to look forward to. Especially in Costa Mesa real estate. No, we don’t have any new land and there aren’t any parts of the city that have major development projects planned. But the westside revitalization plan that was implemented years ago is finally starting, albeit in very small parts.

 

There are new projects that have just completed in the Westside Costa Mesa area and are beginning to sell. RSi Homes just release a project on Placentia avenue on the westside. Not a great location, but they are new homes in what has been a blighted area.

 

That’s an important first step. There is an even more impressive development bordering Newport Boulevard called Level 1 in Costa Mesa real estate now.

 

Built by Taylor Morrison, the homes offer a hip, modern take on life in Costa Mesa and So Cal. Prices start in the mid $700’s for 1700+ square feet with three bedrooms (or more), garages, roof top decks, and open concept floor plans.

 

I think this project will appeal to a younger generation. And that’s good looking at the infographic’s lean toward positive feelings amonst the younger generation and their want to own homes.

 

Hopefully we will see more good projects in the westside of Costa Mesa real estate. God knows we need it. I really hope the city gets serious about working out the remainder of the westside plan so it can produce more housing and less industrial throughout the westside of the city.

 

Got questions about Costa Mesa real estate? Call Colin at (714) 743-9882 or email him.