Costa Mesa, CA Real Estate News

By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
GET SERIOUS! Familiar with the law of supply and demand?  In real estate right now, it may seem like the supply of homes for sale is much greater than the numbers of buyers demanding those homes, forcing prices down and decreasing activity.  But what's really in shortage may be serious, legitimate sellers. A committed seller is willing and able to accept the best offer in the current market, and be motivated to do so.  Receiving a fair offer is inextricably connected to pricing your home fairly.  The best way to arrive at an attractive price is to aggressively challenge the competition.  Using past prices, your investment in the home, or even appraisals may not produce the ideal value factor for your home. If you're serious about selling, let an agent describe to you how an appropriate...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
After only three years as a state, California experienced the beginning of its gold rush. Although the California Gold Rush brought many people racing to Northern California in hopes of making a fortune by striking a gold mine, it had effects on Southern California as well. The cattle that had previously been raised in Southern California mostly for leather hides to create clothing and shoes were suddenly more in demand for their meat by those who came to Northern California in search of their dreams.  As a result, the vaqueros who raised their cattle in Costa Mesa began cattle drives to San Francisco, making the cattle business big business. During this same period of time, many of the ranchos were divided into smaller pieces.  By 1880, the Rancho  Santiago de Santa Ana, which encompas...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
There are so many things to do and see in and around Costa Mesa that this is a tough list for me to compose. I think it depends on what your interests are and the age of the person.  For this list, I will post my list of the top five things to do with young children if you live in Costa Mesa. I have a 4 1/2 year old and a 6 month old and am often looking for small, enjoyable family outings in the local area and have included my favorites below. 5.  Goat Hill Junction Free Miniature Train Rides - Located in Fairview Park, these miniature trains run every third full weekend of the month from 10am to 3:30.  The club members operate more than 40 steam powered miniature trains and take people on approximately 15 minute rides.  Although rides are free, they do accept donations.  There is a gi...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
When Mexico won its independence from Spain in 1821, the territory which is now the State of California became a part of Mexico.  During this time, many more settlers came to the Costa Mesa area and established more ranchos with large herds of cattle on the grassy plains that existed back then. After two years of war between the United States and Mexico, Mexico was defeated in 1848, and California became part of the United States. In 1850, California became the 31st state.  In less than thirty years, the spot that would one day become Costa Mesa had belonged to Spain, Mexico and the United States. See Costa Mesa for more information on Costa Mesa, or Costa Mesa real estate values for current property values.    
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
I came across a question from someone wanting to know the median price of all non-distress sales (i.e. not bank-owned, not in foreclosure, not REO's, not trust sales, not in probate) in Costa Mesa last month.  He wanted to gauge what the values might be after the supply of distressed properties dwindled. The median sales price for all apparently non-distressed sales in May 2008 was $538,250, while the median sales price for all sales, including distressed properties, was $530,000, which is less than a 2.5% difference.  What was interesting was the fact that of the 47 sales, only 22 were non-distress sales.  Looking at these numbers, I decided to take the question a step further.  The median sales price of the distressed properties only is $495,950.  This is a much larger difference, ove...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
I received an e-mail from a seller today.  She isn't ready to sell, but she does want to know what is going on with values. So, I've been keeping her updated on the current market and what's for sale and selling in her neighborhood. She must have been paying attention because today she sent me an e-mail, and all it said was "Somebody needs to get REAL about this price!!!!!" The listing price is more than 16% higher than the last sold in the complex for a similarly sized unit.  That sale was more than six months ago, and we're in a buyer's market here in Costa Mesa. The only other property for sale in the complex is more than 20% less and is larger. This seller understands the current market and the realities that come with it because she has been receiving updates constantly for eight m...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
 In a previous blog, I wrote about the Indians who were the first settlers in Costa Mesa.  Today, I added another post about the Spanish Era of Costa Mesa. The Spaniards first came to Central Orange County in 1769, at least in part, because the King of Spain was offering land grants to those who settled here (Can you imagine getting large amounts of land in Orange County for free?). To read more about the Spanish settlement of Orange County, see the rest of the story here.   
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By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
KNOWLEDGE IS POWER! You know that real estate agents help you to move.  Did you know that agents can also help you stay where you are?  This has become quite an issue in light of the recent rise in loan defaults.  Real estate agents provide critical information and a link between lenders and buyers.  Subprime loans, in and of themselves, are not bad.  They provide financing for substantial numbers of people who cannot otherwise qualify under standard lending practices.  However, buyers must be informed and realistic about what terms they can actually afford to accept. No one - not banks, not agents, not homeowners - sees foreclosure as an acceptable option.  It hurts everyone, including the communities where vacancies lead to declining prices.  This is where a trusted local real estate ...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
As I wrote in a previous post (Growing Up Local), I've lived in Orange County almost my entire life.  It amazes me the changes that come to a place over the years, and yet I have been around only a few decades, while Costa Mesa was first settled over 2,500 years ago by American Indians who founded the Village of Lukup. I can only imagine what Costa Mesa would have looked like during this period.  Did they concern themselves with the value of Costa Mesa property? Likely not as there were only 400-500 of them living in the village and plenty of space for all.  They were hunter-gatherers, living a simple existence unfathomable by today's modern man until they were disturbed by the first Spanish settlers.  Today there are only remnants of this first settlement in Costa Mesa. Yet, other thin...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
I was lucky enough to grow up in Newport Beach in a time that allows me to understand how Orange County received its name.  I remember driving the 5 southbound into what is now known as "South County" in mid July with the windows rolled down and being innundated with the scent of citrus from the thousands of orange trees and groves along the way.  I have watched those orange trees disappear and become new cities and malls like the Irvine Spectrum. I have received the benefit of summers spent in the Pacific Ocean body surfing and watching those braver than I body surf the wedge.  I have enjoyed gorgeous sunsets and simply listening to the waves crashing on the shore. I can't remember the first time I went to Disneyland, but I have thousand of memories from The Happiest Place on Earth. No...
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By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
FREE REPORT: How To Buy Lovely Homes In Orange County with Almost Zero Down Payment ... Click here Be Sure to visit our sister web sites at TeamWeichman.com, OCRepoBroker.com and OCHomeTracker.com you will be glad you did! We have many homes that are priced under $500,000! Many homes can be purchased with as little as 3% down, on some homes low as 1% down payment may work. Call for details....(714) 241-4532
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By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
As Published in the Daily Pilot: Friday, May 30, 2008  Every community has hidden gems. Whether it's a locals-only restaurant, a small park or community event, they are what make every community special.Usually they are small and out-of-the-way places. In this case, the hidden gem may be out-of-the-way, but at more than 100 acres it is not small. What I am talking about is the Mesa Verde Country Club, which turns 50 this January.Many of the non-golfers in the community confuse it with Costa Mesa Country Club, which is off of Mesa Verde East but just south of Adams Avenue. Mesa Verde Country Club is north of Adams just off Mesa Verde West. You can understand the confusion.The land where the golf course sits was sold in 1956 to investor Adolph Sleceta, who planned to work with the develop...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
So, I decided that as long as I was going to start blogging on Active Rain, I'd also do a blog on my local community. Since I've lived here my entire life and have lots of pictures and information on Newport Beach and Costa Mesa, I decided to do a post about Famous Landmarks and Traditions in the Newport Mesa area.  That went really well until I tried to upload pictures.  I had uploaded pictures here   on Active Rain and found it easy and simple to do.  Word Press had the same little tree icon, so I figured it couldn't be much different.  Alas, I was wrong.  I tried to upload several times, but, even after reading the FAQ's and some posts, all I wound up with were boxes with little red X's. I think on Active Rain I may have been a little spoiled by the quick response to my technical que...
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By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
READY FOR SOME GOOD NEWS?  Some financial experts have labeled 2007's market as the "roulette economy."  As we all know, whatever goes up must come down, but the nice thing about real estate is that whatever goes down always comes back upward again (much like stocks work).  A healthier market is anticipated in 2008, as Wall Street cleans up the lending mess and the pressure cooker of home demand releases its top.  While the national average of home prices declined between one and two percent in 2007, that's peanuts compared to how much homes appreciated in the previous years.  And many markets are appreciating still.  Keep in mind that "national" statistics for real estate mean about as much as a forecasted high temperature for the entire nation.  Consumers get skittish when they hear t...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
I was surfing the web, looking at random things and came across a video on You Tube which reminded me of all the great things that Costa Mesa has to offer, so I thought I would share it with anyone who is considering making Costa Mesa their home. This video covers the arts, the beach, the attractions and so many other reasons why this is a wonderful place to call home. To search for homes in Costa Mesa click here.
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Annual Lion's Fish Fry will be held on May 31 through June 1, 2008 at Lion's Park, located at 18th and Park Street in Costa Mesa.  As always. there will be a carnival with rides and games, food, entertainment, and the baby contest. Carnival rides open at 11:00 am.  Dinner start at noon. The Baby Contest will be held on Sunday, June 1, 2008 at 1:00 pm with the awards presentation at 2:00 pm.  Completed forms and $5 entry fee must be sent by 5/31/08.  For more information, go to http://www.cmnhlions.com/fishfry/fish_fry_003.htm. See http://www.cmnhlions.com/fishfry/fish_fry_005.htm for the entertainment schedule.  Christine Donovan www.donovanblatt.com      
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By Evan Little, Eco, Live/Work, Sales and Management
(Surterre Properties)
click here to sign-up for my email newsletter I just recently heard of Critical Mass, an event that is typically held on the last Friday of every month in cities around the world where bicyclists and other self-propelled commuters take to the streets in mass. The groups seem to have little to no centralized organization and pride themselves on their autonomy. I appreciate the simplistic approach to the idea of getting together in mass to celebrate bicycling. Of course the underlying message of alternative transportation and lifestyle that is conveyed to those who wittiness a Critic Mass group, whether on purpose or not, is a definite step in the right direction. The Costa Mesa Critical Mass group meets at Rooster Cafe at 6pm on the last Friday of each month. Click here to add Critical M...
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By Evan Little, Eco, Live/Work, Sales and Management
(Surterre Properties)
click here to sign-up for my email newsletter CITY OF COSTA MESA P.O.BOX 1200CALIFORNIA 92626-1200 FROM THE OFFICE OF THE CITY MANAGER PRESS RELEASE January 9, 2008 “Green” Fee Waivers Currently Available Through June 30, 2008 The City of Costa Mesa is currently offering fee waivers for green installation and express Planning and Building Division Plan checks through June 30, 2008. Under the City’s Build Green Incentive Program, all or a portion of the fees will be waived for green installations of solar panels, skylights, domestic tankless water heaters, grey water systems, and similar conservation technology. A rebate may also be offered for green certification. Build Green plans will also be given priority in processing along with the option of preferred morning or afternoon inspecti...
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By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
2008 CM900 Wine & Food Tasting 1:00 p.m. - 4:00 p.m., Sunday, June 8, 2008 South Coast Plaza Village Green 1631 Sunflower Ave., Santa Ana (corner of Sunflower & Bear St.)   Featuring A selection of domestic and imported fine wine labels and A taste of South Coast Metro's best restaurants Entertainment             Live and Silent Auctions Raffle Mauna Lani Resort, Hawaii, 3-master suite House for 7 nights compliments of Orange County Market Place Event Price: $75 per person   Raffle Price: $25 per entry Proceeds will benefit Assistance League Newport-Mesa Serving children throughout the community for over 60 years.  www.alnm.org  For tickets contact the Costa Mesa Chamber of Commerce.
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By Larry & Laurie Weichman, A Tradition of Success
(The L3 Real Estate, A Trusted Name In Orange County Real Estate)
IT TAKES TWO TO HARMONIZE!  Whether you are buying a home or selling one, it is likely that once an Offer To Purchase is on the table, you'll enter a phase of the transaction called Negotiation.  Fear not - this is how both sides "win."  By following a few reasonable recommendations, both parties can turn Negotiation into Agreement.  It's best to begin with a fair asking price and a fair offer.  Sellers, don't shoot for the moon. Buyers, don't lowball on a home you really want.  Overpricing is a turnoff to potential buyers, while low offers may meet with outright rejection.  Next, understand and respect each other's priorities. Seller won't budge on price?  Perhaps they would pay more of the transaction fees. Buyer urgently needs quick possession?  Perhaps they would forgo some repairs...
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