Costa Mesa 19th Priciest in State

 

Costa Mesa has a whole lot to live up to according to a recent survey. Little ‘ol Costa Mesa has been ranked 19th in our state for priciest real estate, according to a Coldwell Banker report published this past month. Next-door neighbor Newport Beach found it’s way to number 2 in the rankings, just behind Bay Area suburb Los Altos.

 

It really says a lot for Costa Mesa – our average asking price was $851,799 according to the report. Compare that to our neighbor Irvine who finished 28th in the poll with an average asking price of $721,035.

 

The top ten was mostly rounded out by pricey Silicon Valley suburbs who have average asking prices of around $1.6 – $1.7 Million dollars. We won’t see the top ten anytime soon, sorry 🙂

 

 

Costa Mesa has really come a long way. The fact that we are in the top twenty speaks volumes about how wonderful this city is, despite certain weaknesses in our housing and industrial makeup on the west side of town. Our average asking price was mostly supported by our Eastside Costa Mesa neighborhoods as well as our pricier neighborhoods in the Mesa Verde area.

 

I would expect the price trend to continue. Our housing is limited with little new land to develop and add residential single-family homes to, and there is little planned for new multi-family homes either. People appreciate the ease of access to freeways, local shopping, to world-class entertainment, and South Coast Plaza, and once you live here you really understand what a great place it is to live. Friendly neighbors, great shopping, great people, why wouldn’t you pay for that?

 

Costa Mesa is a great place to call home.

 

If you are interested in learning more about Costa Mesa, or Costa Mesa real estate for sale, please call local expert/Broker Colin Delaney at (714) 743-9882 or E-mail me.