Costa Mesa, CA Real Estate News

By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
At the end of the last school year, we had to decide whether or not to send my son to kindergarten this fall (he'll be five at the end of October) or to give him another year of preschool.  Once we made the decision to wait another year for kindergarten, we reviewed our options for junior kindergarten. He attended Lil' Lighthouse's 2 day and then its three day program and loved every minute of it.  However, junior kindergarten is five days a week in the middle of the day, and my husband and I were uncertain if this would work for our schedule, so we wanted to look at our alternatives. Going into this project, we did not realize how "spoiled" we had become as parents to a Lil' Lighthouse student. Located in Eastside Costa Mesa at 301 Magnolia Street, this is a school where our son has le...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 8, 2008 is as follows: There are 334 homes currently for sale in Costa Mesa.  244 of these are single family (SFR) homes.  90 are condos. 97 homes are in escrow, conditionally sold. 77 are SFRs. 20 are condos. 12 homes have closed escrow in September. The median price of homes in September is $590,000.  The average price of a home in September is $609,993. Two of the homes sold in September were bank owned/REO, and one was a short sale (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. 61 homes closed escrow in August.  The median price of homes in August was $485,000.  The average price of a home wa...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 7, 2008 is as follows: There are 338 homes currently for sale in Costa Mesa.  248 of these are single family (SFR) homes.  90 are condos. 100 homes are in escrow, conditionally sold. 79 are SFRs. 21 are condos. 6 homes have closed escrow in September. The median price of homes in September is $616,500.  The average price of a home in September is $623,000. One of the homes sold in September is a bank owned/REO. 61 homes closed escrow in August.  The median price of homes in August was $485,000.  The average price of a home was $517,672. 12 of the homes sold in August were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were oth...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
According to the latest numbers from Mortgage Bankers' Association, 9% of all Americans with a home mortgage are either in delinquent or in default on their mortgages. The effect is being felt in record number of foreclosures and also in bank failures, and now the U.S. Government is planning on taking over Fannie Mae and Freddie Mac. Fannie and Freddie are government sponsored entities which, between the two of them, own or guarantee nearly one-half of the approximately $12 trillion in mortgages in the U.S. In July 2008, Orange County ranked 35 of the 56 counties in California in terms of foreclosures with 2206 notice of defaults filed and 2128 notice of trustee sales.  Where will all of this end? Are we going to start to see an improvement?  Though there was a slight decrease in NODs f...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 6, 2008 is as follows: There are 338 homes currently for sale in Costa Mesa.  248 of these are single family (SFR) homes.  90 are condos. 101 homes are in escrow, conditionally sold. 79 are SFRs. 22 are condos. 6 homes have closed escrow in September. The median price of homes in September is $616,500.  The average price of a home in September is $623,000. 61 homes closed escrow in August.  The median price of homes in August was $485,000.  The average price of a home was $517,672. Two homes were listed today. No homes were placed in escrow since our last post.   Two listings were put on hold today. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Valu...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 5, 2008 is as follows: There are 338 homes currently for sale in Costa Mesa.  248 of these are single family (SFR) homes.  90 are condos. 102 homes are in escrow, conditionally sold. 80 are SFRs. 22 are condos. 6 homes have closed escrow in September. The median price of homes in September is $616,500.  The average price of a home in September is $623,000. 60 homes closed escrow in August.  The median price of homes in August was $487,500.  The average price of a home was $518,383. One home was listed today. No homes were placed in escrow since our last post.   One listing expired today - meaning that it did not sell during the period of the listing contract; one was cancelled. Three listings were put on hold today. For more information pl...
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By Michael Bates, Social Media Training for Real Estate
I think I have mixed emotions about the start of school in Eastside Costa Mesa and all of Costa Mesa and Newport Beach for that matter. My son started first grade at Woodland, this is his first year in formal school. He was in CHEP (Community Home Educations Program) through the Orange County Department of Education. It is basically an independent study program for kindergarten through high school. The main primary level (K-2)  school for the Eastside Costa Mesa, Woodland, is full. Woodland is home to the  Friendly Dragons. They are now "overflowing" students to other schools in the Newport Mesa Unified School District that has room. It is only a handful of students, unfortunately there are not enough pupils to open another classroom. The principal is Lauren Medve she is a great person ...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 4, 2008 is as follows: There are 339 homes currently for sale in Costa Mesa.  248 of these are single family (SFR) homes.  91 are condos. 106 homes are in escrow, conditionally sold. 84 are SFRs. 22 are condos. 2 homes have closed escrow in September. 59 homes closed escrow in August.  The median price of homes in August was $490,000.  The average price of a home was $519,017. Four homes were listed today. 8 homes were placed in escrow since our last post.   Two listings expired today - meaning that it did not sell during the period of the listing contract; one was cancelled. Two listings were put on hold today; one was withdrawn. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home p...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 3, 2008 is as follows: There are 347 homes currently for sale in Costa Mesa.  254 of these are single family (SFR) homes.  93 are condos. 99 homes are in escrow, conditionally sold. 77 are SFRs. 22 are condos. 2 homes have closed escrow in September. 58 homes closed escrow in August.  The median price of homes in August was $494,950.  The average price of a home was $520,724. Six homes were listed today. No homes were placed in escrow since our last post.   One listing expired today - meaning that it did not sell during the period of the listing contract; four were cancelled. Three listings were put on hold today. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 2, 2008 is as follows: There are 346 homes currently for sale in Costa Mesa.  256 of these are single family (SFR) homes.  90 are condos. 101 homes are in escrow, conditionally sold. 79 are SFRs. 22 are condos. 57 homes closed escrow in August.  The median price of homes in August was $490,000.  The average price of a home is $520,086. Four homes were listed today. Three homes were placed in escrow since our last post.   Three listings expired today - meaning that they did not sell during the period of the listing contract; two were cancelled. Five listings were put on hold today; two were withdrawn. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Val...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for September 1, 2008 is as follows: There are 351 homes currently for sale in Costa Mesa.  261 of these are single family (SFR) homes.  90 are condos. 101 homes are in escrow, conditionally sold. 79 are SFRs. 22 are condos. 53 homes closed escrow in August.  The median price of homes in August was $500,000.  The average price of a home is $524,055. No homes were listed today. No homes were placed in escrow since our last post.   Five listings expired today - meaning that they did not sell during the period of the listing contract. One listing was put on hold today. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Information deemed accurate and reliable...
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By Michael Bates, Social Media Training for Real Estate
It was a good month in Eastside Costa Mesa. There were twelve sales, combined between both Condos and Single Family Residences. We had seven houses that sold and five condos. They had an average market time or days on market of 102 days. The average sale price for single family residences in Eastside Costa Mesa was $679,000 for the  month of August. Condos sold for an average price of $500,800 in the same time period. You hear all about the FHA loans and conventional loans are so difficult to obtain, the funny thing is there was only one FHA loan used to purchase properties in Eastside Costa Mesa. There was actually eight conventional loans, one cash buyer and two other types of funding used. Currently, there are 102 single family residences that are available and 25 condos for sale on ...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 31, 2008 is as follows: There are 355 homes currently for sale in Costa Mesa.  265 of these are single family (SFR) homes.  90 are condos. 101 homes are in escrow, conditionally sold. 78 are SFRs. 23 are condos. 52 homes have closed escrow in August.  The median price of homes in August is $500,000.  The average price of a home is $527,902. Two homes were listed today. No homes were placed in escrow since our last post.   One listing was put on hold today. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Information deemed accurate and reliable but not guaranteed. Information from So Cal MLS.
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 30, 2008 is as follows: There are 353 homes currently for sale in Costa Mesa.  265 of these are single family (SFR) homes.  88 are condos. 100 homes are in escrow, conditionally sold. 76 are SFRs. 24 are condos. 51 homes have closed escrow in August.  The median price of homes in August is $500,000.  The average price of a home is $532,018. Three homes were listed today. Four homes were placed in escrow since our last post. Four listings were canceled today, and four expired, which means they did not sell during the time period of the listing contract.  Seven listings were put on hold today. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Inf...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 29, 2008 is as follows: There are 355 homes currently for sale in Costa Mesa.  264 of these are single family (SFR) homes.  91 are condos. 104 homes are in escrow, conditionally sold. 80 are SFRs. 24 are condos. 48 homes have closed escrow in August.  The median price of homes in August is $500,000.  The average price of a home is $534,915. Three homes were listed today. One home was placed in escrow since our last post. One listing was canceled today, and one expired, which means it did not sell during the time period of the listing contract.  Three listings were put on hold today. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Information ...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 28, 2008 is as follows: There are 352 homes currently for sale in Costa Mesa.  264 of these are single family (SFR) homes.  88 are condos. 107 homes are in escrow, conditionally sold. 83 are SFRs. 24 are condos. 43 homes have closed escrow in August.  The median price of homes in August is $500,000.  The average price of a home is $529,370. Seven homes were listed today. Two homes were placed in escrow since our last post. Three listings were canceled today, and one expired, which means it did not sell during the time period of the listing contract. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Information deemed accurate and reliable but n...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The other day, I needed to get out and look at a home for a potential seller.  It was a gorgeous day, as we often have here in Costa Mesa, and I decided to get on my bike and take my camera.  Why should I be cooped up in a car, wasting gas, when I could spend such a glorious day combining exercise and work? Costa Mesa has so many bike paths and trails.  That day, I took the bike path up Victoria to Harbor, a great ride on a wide, appealing sidewalk.  Though, I have to admit, the way back was my favorite.  I jumped on the Santa Ana River Trail at the end of Sunflower and took the trail all the way down to the beach before coming home.  The path wound around through a beautiful canopy of trees before actually joining the Santa Ana River trail.  Heading for the beach, I crossed the bridge ...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 27, 2008 is as follows: There are 352 homes currently for sale in Costa Mesa.  263 of these are single family (SFR) homes.  89 are condos. 104 homes are in escrow, conditionally sold. 81 are SFRs. 23 are condos. 42 homes have closed escrow in August.  The median price of homes in August is $499,950.  The average price of a home is $529,712. Eight homes were listed today. Two homes were placed in escrow since our last post. Three listings were canceled today, and three were put on hold. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Information deemed accurate and reliable but not guaranteed. Information from So Cal MLS.  
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 26, 2008 is as follows: There are 349 homes currently for sale in Costa Mesa.  258 of these are single family (SFR) homes.  91 are condos. 104 homes are in escrow, conditionally sold. 82 are SFRs. 22 are condos. 39 homes have closed escrow in August.  The median price of homes in August is $499,000.  The average price of a home is $521,305. Two homes were listed today. One home was placed in escrow since our last post. Three listings were canceled today.  One listing expired - did not sell during the listing contract period, and three were put on hold. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Information deemed accurate and reliable bu...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 25, 2008 is as follows: There are 351 homes currently for sale in Costa Mesa.  259 of these are single family (SFR) homes.  92 are condos. 109 homes are in escrow, conditionally sold. 85 are SFRs. 24 are condos. 34 homes have closed escrow in August.  The median price of homes in August is $491,950.  The average price of a home is $518,556. Three homes were listed today. Two homes were placed in escrow since our last post. One listing was canceled today.  One listing expired - did not sell during the listing contract period.  Five listings were put on hold, and one was withdrawn. For more information please visit Costa Mesa Real Estate.  For information on the value of a particular home please visit Costa Mesa Home Values.     Information dee...
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