Costa Mesa, CA Real Estate News

By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for August 8, 2008 is as follows: There are 362 homes currently for sale in Costa Mesa.  266 of these are single family (SFR) homes.  96 are condos. 117 homes are in escrow, conditionally sold 91 are SFRs. 26 are condos. 5 homes have closed escrow in August.  The median price of homes in August is $460,000.  The average price of a home is also $457,800. One home was listed today. One home was put into escrow since our last post. 2 listing were cancelled today, and 2 listings were put on hold. For more information on Costa Mesa relocation, 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 Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
STEPPING UP TO DOWN MARKETS!     Remember the ancient curse, "May you live in interesting times"?  While many are indeed cursing the current real estate climate, others see opportunities.  In a "soft" market, the short-term options dwindle, but seasoned investors in for the long haul are positioned to take advantage. In the words of billionaire J. Paul Getty, "Buy when everyone else is selling and hold until everyone else is buying."  Just like the stock market, more money is often made in a down cycle than in an up market. Slower times encourage sellers to be more open to negotiation.  Combine acceptance of lower prices with currently low interest rates, and you've got the perfect recipe for bargains.  Real estate is continually cycling, and it's guaranteed that prices will rise again...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The 2008 Housing Act assists first time home buyers by giving them up to a $7,500 tax credit.  To qualify for the credit, the purchase must be made between April 9, 2008 and June 30, 2009.  The buyer cannot have owned a principal residence in the U.S. in the three years prior to the purchase. The credit is up to 10% of the purchase price, with a maximum of $7,500.  The credit is phased out for individual tax payers with an adjusted gross income (AGI) between $75,000 and $95,000 ($150,000 and $170,000 for joint filers). The tax credit is given even to those with incomes too low to owe income tax. The tax credit is actually a 15 year interest free loan.  In the second year after purchase, the buyer must begin to pay back the credit/loan in equal installments over the next 15 years.  If th...
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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 7, 2008 is as follows: There are 365 homes currently for sale in Costa Mesa.  269 of these are single family (SFR) homes.  96 are condos. 118 homes are in escrow, conditionally sold 92 are SFRs. 26 are condos. 3 homes have closed escrow in August.  The median price of homes in August is $460,000.  The average price of a home is also $445,000. 2 homes were listed today. 2 homes were put into escrow since our last post. One listing was cancelled today; 2 listings were withdrawn, and 2 listings were put on hold. For more information on Costa Mesa relocation, 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. ...
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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 6, 2008 is as follows: There are 363 homes currently for sale in Costa Mesa.  263 of these are single family (SFR) homes.  100 are condos. 121 homes are in escrow, conditionally sold. 95 are SFRs. 26 are condos. 2 homes have closed escrow in August.  The median price of homes in August is $445,000.  The average price of a home is also $445,000. 4 homes were listed today. 5 homes were put into escrow since our last post. One listing was cancelled today; 2 listings expired, and 2 listings were put on hold. For more information on Costa Mesa relocation, 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. Infor...
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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 5, 2008 is as follows: There are 366 homes currently for sale in Costa Mesa.  266 of these are single family (SFR) homes.  100 are condos. 116 homes are in escrow, conditionally sold. 92 are SFRs. 24 are condos. No homes have closed escrow in August.  4 homes were listed today. 2 homes were put into escrow since our last post. 2 listings were cancelled today; 3 listings were put on hold. For more information on Costa Mesa relocation, 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 4, 2008 is as follows: There are 364 homes currently for sale in Costa Mesa.  266 of these are single family (SFR) homes.  98 are condos. 115 homes are in escrow, conditionally sold. 90 are SFRs. 25 are condos. No homes have closed escrow in August.  4 homes were listed today. No homes were put into escrow since our last post. One listing was cancelled today. 6 listings were put on hold, and three were withdrawn from the market. For more information on Costa Mesa relocation, 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)
There has been much talk about homes sitting on the market and not selling and buyers being unwilling and/or unable to buy. However, if you look at the numbers, almost the same number of houses sold in July 2008 as in July 2006 and one more than in July 2007. In July 2006, 49 homes sold.  In July 2007, 45 homes sold, and in July 2008, 46 homes sold. The biggest difference year over year is in the median price of the homes sold.  In July 2006, the median home price was $725,000.  In July 2007, it was $677,500, and in July 2008, the median price was $530,000.  Looking at this comparison, it quickly becomes obvious that the biggest difference is not in the number of homes selling but in the price at which they are selling.    Pricing a home is always an important part of marketing.  Howeve...
Comments 2
By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
  The Costa Mesa Real Estate report for August 3, 2008 is as follows: There are 370 homes currently for sale in Costa Mesa.  270 of these are single family (SFR) homes.  100 are condos. 115 homes are in escrow, conditionally sold. 90 are SFRs. 25 are condos. No homes have closed escrow in August.  2 homes were listed today. 2 homes were put into escrow since our last post. 2 listings expired today - did not sell within the time period of the listing agreement. For more information on Costa Mesa relocation, 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 2, 2008 is as follows: There are 370 homes currently for sale in Costa Mesa.  268 of these are single family (SFR) homes.  102 are condos. 113 homes are in escrow, conditionally sold. 89 are SFRs. 24 are condos. No homes have closed escrow in August.  2 homes were listed today. 2 homes were put into escrow today. 4 listings expired today - did not sell within the time period of the listing agreement; one was put on hold. For more information on Costa Mesa relocation, 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 1, 2008 is as follows: There are 371 homes currently for sale in Costa Mesa.  267 of these are single family (SFR) homes.  104 are condos. 111 homes are in escrow, conditionally sold. 88 are SFRs. 23 are condos. 46 homes closed escrow in July.  11 homes were listed today. No homes were put into escrow today. 2 listings expired today - did not sell within the time period of the listing agreement; one was withdrawn; 3 were cancelled and four were put on hold. Median Sold Price in July was $530,000. Average Sold Price in July was $543,843. For more information on Costa Mesa relocation, 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 r...
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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 July 31, 2008 is as follows: There are 365 homes currently for sale in Costa Mesa.  263 of these are single family (SFR) homes.  102 are condos. 111 homes are in escrow, conditionally sold. 90 are SFRs. 21 are condos. 43 homes have closed escrow in July.  6 homes were listed today. No homes were put into escrow today. 1 listing expired today - did not sell within the time period of the listing agreement, and two were withdrawn. Median Sold Price in July is $515,000. Average Sold Price in July is $534,995. For more information on Costa Mesa relocation, 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...
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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 July 30, 2008 is as follows: There are 363 homes currently for sale in Costa Mesa.  262 of these are single family (SFR) homes.  101 are condos. 112 homes are in escrow, conditionally sold. 90 are SFRs. 22 are condos. 40 homes have closed escrow in July.  2 homes were listed today. 2 home was put into escrow today. 5 listings were cancelled, and two were put on hold today. Median Sold Price in July is $532,500. Average Sold Price in July is $544,745. For more information on Costa Mesa relocation, 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.  
Comments 5
By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Mom said she'd come home early today so we could go to the Fair. We were supposed to go 2 days ago, but my brother was sick, and mom said we couldn't just leave him with a babysitter and go anyway.  He's only 7 months old, would he have even noticed?   I have been bouncing off the walls all day long.  Isn't it time to go yet?  Finally, Mom came home.  We're all packed up and out the door to the Fair. Mom and Dad said we could go on rides first.  Let's hurry up.  Why are there so many people in line?  Lines to get the tickets to get in; lines to get on the rides.  And, to make it worse, Mom had to stop and take pictures of the sand castle. Can't we look at that later?  I want to get to the rides.  They might go away if we don't get there soon enough. Finally, the rides.  Oh no, wait more...
Comments 14
By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for July 29, 2008 is as follows: There are 366 homes currently for sale in Costa Mesa.  267 of these are single family (SFR) homes.  99 are condos. 113 homes are in escrow, conditionally sold. 89 are SFRs. 24 are condos. 38 homes have closed escrow in July.  3 homes were listed today. 8 home was put into escrow today. 3 listings were cancelled, and 3 were put on hold today. Median Sold Price in July is $545,000. Average Sold Price in July is $573,416. For more information on Costa Mesa relocation, 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 Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
Why Advertising Won't Work As you prepare to sell your home, you'll probably consider the best way to advertise it.  Surprisingly, advertising doesn't work.  But marketing does, and there is a big difference.  An agent will be more involved in "marketing" your home, and here's why. A photo and description of your home's features, in a newspaper or magazine or online, is simply "advertising," and is not going to generate much interest.  A recent consumer survey conducted by the National Association of REALTORS® revealed that fewer than 5 percent of buyers found these ads helpful in selecting homes. While ads focus on a "product," marketing involves targeting consumers based on their lifestyle and the opportunities provided by what you are offering.  Real estate agents have a list of read...
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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 July 28, 2008 is as follows: There are 372 homes currently for sale in Costa Mesa.  270 of these are single family (SFR) homes.  102 are condos. 107 homes are in escrow, conditionally sold. 83 are SFRs. 24 are condos. 37 homes have closed escrow in July.  3 homes were listed today. 5 home was put into escrow since our last post. 3 listings were cancelled, and two were put on hold today. Median Sold Price in July is $550,000. Average Sold Price in July is $577,765. For more information on Costa Mesa relocation, 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.
Comments 4
By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for July 27, 2008 is as follows: There are 373 homes currently for sale in Costa Mesa.  271 of these are single family (SFR) homes.  102 are condos. 105 homes are in escrow, conditionally sold. 82 are SFRs. 23 are condos. 34 homes have closed escrow in July.  2 homes were listed today. 1 home was put into escrow since our last post. Median Sold Price in July is $545,000. Average Sold Price in July is $579,729. For more information on Costa Mesa relocation, 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.
Comments 3
By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
  Neighbors lined the streets, some sitting in lawn chairs, others balancing their bikes, some standing, some pushing strollers or clutching young childrens' hands, all chatting excitedly about the event about to start.   Friendly police officers, with plastic steer skulls decorating the front of their motorcycles urged spectators to step back moments before the event began. The Orange County Fair's Second Annual Cattle Drive through the streets of Costa Mesa was about to take place. This might seem like no big deal in many places in America.  However, Orange County has 3,000,000 people and Costa Mesa has over 100,000, and it has been decades since cows roaming around have been commonplace.   For the majority of those living in Costa Mesa, a cattle drive is an exciting, unusual event a...
Comments 15
By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Costa Mesa Real Estate report for July 26, 2008 is as follows: There are 374 homes currently for sale in Costa Mesa.  272 of these are single family (SFR) homes.  102 are condos. 105 homes are in escrow, conditionally sold. 82 are SFRs. 23 are condos. 33 homes have closed escrow in July.  1 home was listed today. 2 homes were put into escrow since our last post. 1 listings was put on hold today; one expired (the listing contract period ended before the home sold). Median Sold Price in July is $540,000. Average Sold Price in July is $577,448. For more information on Costa Mesa relocation, 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. Informat...
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