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Market Conditions in Costa Mesa : Real Estate Advice

  • All172
  • Local Info7
  • Home Buying53
  • Home Selling3
  • Market Conditions9

Activity 14
Wed Sep 23, 2015
Nicole Fedorchek answered:
I do have this information available, and would be happy to email it to you! Please contact me directly! Nicole Fedorchek, Tarbell Realtors
Gold Circle of Excellence
DRE 01920370
... more
0 votes 1 answer Share Flag
Thu Sep 25, 2014
Samantha Baksic answered:
I know this post was from May, but it might be helpful to note that you can also do an inner district transfer if you prefer another school.

Here is the link for that information:

Best regards,
Samantha Baksic
Precision Realty
714.330.2021 (cell)
CA DRE License #: 01904666
... more
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Mon Aug 4, 2014
Laura Stopani answered:
The median sales price for homes in ZIP code 92627 in Costa Mesa from Apr 14 to Jul 14 was $700,000 based on 91 sales. Compared to the same period one year ago, the median sales price increased 29.4%, or $159,000, and the number of sales decreased 22.9%. Average price per square foot for homes in 92627 was $676, an increase of 21.6% compared to the same period last year. There are currently 159 resale and new homes in ZIP code 92627 on Trulia, including 1 open house, as well as 69 homes in the pre-foreclosure, auction, or bank-owned stages of the foreclosure process. The average listing price for homes for sale in 92627 was $738,396 for the week ending Jul 23, which represents an increase of 4.5%, or $31,717, compared to the prior week. Popular ZIP codes in Costa Mesa include 92626 and 92627, with average listing prices of $667,924 and $738,396 ... more
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Sun Apr 27, 2014
Danae Aballi answered:
This one is showing at $900 per month for space rent. It's in a senior community. One alternative you may want to consider is a reverse mortgage. You have to be 62 to qualify, but the reverse mortgage program helps many seniors get into homes that they may not have normally been able to qualify for. Would be happy to share more info with you. Contact me anytime. ... more
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Thu Apr 17, 2014
Rebecca Marvel answered:
I see it as in a back up offer scenario.
0 votes 1 answer Share Flag
Sat Mar 15, 2014
Cyndi Mino answered:
Are you looking to rent in Costa Mesa around this price?
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Mon Jun 24, 2013
Wes Weissinger answered:
0 votes 5 answers Share Flag
Tue Apr 9, 2013
Rand Penrod answered:
If you have been renting for the last 2 years I'm sure you've seen home prices steadily increase and that interest rates have been extremely low to help the purchasing power of first time and even seasoned buyers.

If you've been on the sidelines for 2 years hopefully you have been saving extra money that can be used for a sizable down payment for your home purchase.

There are a lot of options for you to look at.

Feel free to give me a call.
Rand Penrod
Torelli Realty
949 294 5234
... more
0 votes 9 answers Share Flag
Wed Dec 19, 2012
Jane Weyhrauch answered:
We are in escrow on a single family home right now. The market is crazy with everyone wanting to close by the end of 2012. There are multiple offers on just about everything under $500,000. I'd pull up Zillow and search for sold homes in the last 90 days, then 14 and then 7. The market is rapidly changing with values increasing. So much of the Costa Mesa area is location. PSF and total $ amount really aren't as critical as other things. What you need to decide is where you want to live within Costa Mesa...East side or West side. Do you want to back up to a busy street? Are you comfortable with a neighborhood that has both single family homes and multifamily on the same street. Can the property be financed or do you need to come in with all cash. What are the Homeowner's Association fees? We chose to buy a single family home with a big lot, no homeowner's fees on a street with both single family and multifamily homes. Our price per square foot is higher than the average because the house is only 1300 square feet on a big lot. Certainly cost per square foot is less in a condo, but you have homeowner's fees and typically no yard. So you see that you really have to look at the big picture. ... more
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Mon Feb 28, 2011
Colin Delaney answered:
Hi Swelman,
I have to agree with some of the other posts- craigslist or will give you the best selection of rentals. Two bedrooms are generally between $1200-1500/month. I would stay away from any situation where you think a distressed homeowner might be foreclosed on though; a foreclosure that you are renting might get you out on the street again looking for a new place to rent.
It's a good time to buy- if you have the right mix of credentials, loans are fairly straightforward and interest rates are in the high 4% range right now, which is really affordable for most condos in Costa Mesa.

Colin Delaney
Broker, Veranda Homes
... more
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Tue Oct 12, 2010
LACONTRA answered:
Yes. Reason? Gov intervention Ie tax credits. Home prices still have a way to go. Its going to be a buyer's market for the next few years so there is no reason to jump the gun.

Yes rates are low, but they've been low for awhile now. Don't be pressured into buying a home. Don't believe the hype. When the time is right, you will find your dream home. And by the time is right I mean prices fall another 5 to 10 percent at lease and you go convential and have plenty of cash reserves :)
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0 votes 54 answers Share Flag
Sat Nov 15, 2008
Harrison K. Long answered:
As of today, November 15, 2007, there are 97 homes for sale at East Costa Mesa.
There were 9 homes sold at East Costa Mesa during past thirty days.
We now have 10.77 months of inventory of homes on the market at East Costa Mesa.

Harrison K. Long, Realtor and broker, Coldwell Banker Previews
For The Best Web Site for Home and Property Searching
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Mon May 5, 2008
Jon Barrist answered:
Hello. I saw your question. There are many safe areas to rent an apt or home. When you rent from an individual, you might find a community with nicer amenities. I specialize in Tustin Ranch and Irvine. I know of a 2 bedroom 2.5 bath townhome in a gated community for $1900... A great price. I also have a lard 2 bedroom condo (over 1300 sq ft ) for $2150. ... more
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Mon Dec 3, 2007
Emily Erekuff answered:
Hi Everyone,

Another answer to this question was posted at the link below.

Best Wishes,

Emily Gibson
Customer Service Representative
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