Most recent Median Sale Price in East Side Costa Mesa - both $$ and $$/PSF

Asked by Pjohnson, San Clemente, CA Wed Apr 4, 2012

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Jane Weyhrau…, Home Owner, Anza, CA
Wed Dec 19, 2012
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.
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Ted Zervouda…, Agent, Huntington Beach, CA
Wed Apr 4, 2012
That is an interesting statistical question. What are you using that information for?
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Drew Hartanov, , San Clemente, CA
Wed Apr 4, 2012
Per CRMLS - CARETS

Last 90 -days, 46 properties sold both condos and single family homes

Average sold price $581,813
SP/SqFt $386.99
Median sold price $560,000
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