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.

Work With Colin

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.