Costa Mesa Real Estate Market Report 11-1-2012

Colin Delaney November 12, 2012

Hot Market for Sellers

As of this report, the Costa Mesa real estate market report continues to be very hot. It is very much a seller’s market with multiple offers on the best properties, and most standard sales are selling quickly, going into contract within 30 days.

Costa Mesa Real Estate Market Report 11-1-2012

71 Active Homes (For sale, no offers) – A normal fall market would show at least 250 homes for sale
145 Backup/Pending Homes (In Escrow)

Costa Mesa Real Estate October Closings:

74 Total sales as reported via the MLS
50 Sales were standard sales,18 were distressed sales (REO or short sales)
October Surprises: OC Register reports that homebuying doubles in 17 OC zips
The National Assoc. of Realtors says that we are in for a 15% jump in prices in the next 3 years
Comparing the 74 total sales that were reported from the MLS in October, that is the same number of sales that happened in October 2006, which was the peak of the sales market in the past decade.

Hot market if you want to sell! Call Colin Delaney at (714) 743-9882 or E-mail me for a confidential, no-cost analysis of your property and it’s current value.

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