East Costa Mesa CA Single Level Homes Continue to be Market Winners

East Costa Mesa CA single level homes continue to be market winners.

East Costa Mesa single level homesHomebuyers at East Costa Mesa seem to love the single level and ranch-style architecture, design elements from the 1950’s, and convenience living.

11 East Costa Mesa single level homes were sold during the past 30 days – for time ending September 12, 2016.

  • $1,122,164 was average selling price of those sold single level homes.
  • 1643 SF was average interior size of those sold homes.
  • $642 was average sold price per SF interior.

East Costa Mesa homesSee the 21 East Costa Mesa single level homes now listed for sale here.    

13 East Costa Mesa single level homes are now “under purchase contract” or “pending” sale.

East Costa Mesa is one of the most popular areas for home buyers and renters at Orange County CA, and the current market still favors the sellers.

Connect with Us HereContact us here to see East Costa Mesa homes and selling values and property opportunities.

By Harrison K. Long – Realtor, professional real estate representative. Real estate broker – CALBRE #01410855 – contact by cell or text at 949-7021-2515.  Source of information is CRMLS multiple listing service and is for homes represented by all brokers and agents.

See East Costa Mesa homes for sale – click here

“East Costa Mesa CA single level homes continue to be market winners.” 

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East Costa Mesa CA Real Estate Market Favors Sellers

East Costa Mesa CA Real Estate Update shows market that favors sellers.  

East Costa Mesa single level home

East Costa Mesa single level ranch-style home

East Costa Mesa

East Costa Mesa is famous for its single level ranch-style homes that were originally built between 1953 and 1965.

72 East Costa Mesa homes were sold during the three months ending August 31, 2016. 

  • $960,400 was average home selling price at East Costa Mesa during those 3 months.
  • 1,796 sf was average interior size of East Costa Mesa homes sold during that time.
  • $534 per SF interior size was average home selling price at East Costa Mesa during that time.
  • 70 days was average time on market for those sold East Costa Mesa homes.

61 East Costa Mesa homes were sold last year during same three months ending August 31, 2015.

  • $917,705 was average home selling price at East Costa Mesa for that time last year ending August 31, 2015.
  • 1,808 sf was average interior size of East Costa Mesa homes sold during August last year.
  • $507 per SF interior size was average home selling price at East Costa Mesa during that time end August 31, 2015.
  • 62 days was average time on market for those sold East Costa Mesa homes same time last year.
East Costa Mesa homes

East Costa Mesa homes

What this means:

East Costa Mesa continues to be a hot market that favors sellers.

East Costa Mesa home sales are up 19.6 percent this year as compared with same time last year.

Average home selling price is up 4.8 percent this year as compared with same time last year at East Costa Mesa.

East Costa Mesa is one of the most popular areas for home buyers and renters at Orange County CA. 

Connect with Us HereContact us here to see East Costa Mesa homes and selling values and property opportunities.

By Harrison K. Long – Realtor, professional real estate representative. Real estate broker – CALBRE #01410855 – contact by cell or text at 949-7021-2515.

Source of information is CRMLS multiple listing service and is for homes represented by all brokers and agents – and does not include data for new home sales directly from the builders to the public.

See East Costa Mesa homes for sale – click here

“East Costa Mesa CA Real Estate Update shows market that favors sellers.” 

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East Costa Mesa Homes for Lease and Values

295 e. 19th, leased,2-8-2016

East Costa Mesa CA Homes for lease and rental values are showing quick renter and buyer competition.East Costa Mesa homes and real estate-c-

Property and leasing values are solid at East Costa Mesa, which is one of the most sought-after areas for residential living and investment at Orange County CA.

East Costa Mesa attracts investors because of solid demand for rental housing, that many people want to live at ECM, which is adjacent to Newport Beach.

People want to live at East Costa Mesa because of the attractive community feeling, flat and bicycle friendly streets, good neighbors, safe parks, quiet cul-de-sacs, and location a short distance from the Upper Newport Back Bay.

Homes for Lease

See East Costa Mesa homes now listed for lease and rent – click here for link to CRMLS information.

Also see East Costa Mesa homes that have leased during the past four months – click here for link to CRMLS information.

CONTACT US

Contact us to find out more information about East Costa Mesa homes for lease and values for 2016.

By Harrison K. Long – Realtor, professional real estate representative, and CA real estate broker – CALBRE #01410855.

Source of information is CRMLS multiple listing service and is for homes leased and for lease as presented by all brokers and agents.

“East Costa Mesa CA Homes for Lease and Leased Values 2016”

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7 Top Reasons to Buy a Costa Mesa Home Now

“7 Top Reasons to Buy a Costa Mesa CA Home Now” – Orange County CA people who are renting or leasing homes are very often considering to buy.

7 Top Reasons to buy now

Here are “7 top reasons to buy a home now”.

 

house in hand

First:  High Rents.  Rents are high and will go higher each year.  Unlike rent, your fixed rate mortgage payments won’t go up over time.  Your property taxes and insurance payments will increase.  However, in California we have Proposition 13, which limits the rates at which property taxes can be increased.  If you are careful to find a good home insurance policy, that might help you with good rates.

Second:  Low interest rates.  Mortgage interest rates are at historic lows now.  But the Federal Reserve is expected to increase these rates before the end of the year.  As rates go up from 4.125 percent (where they are today) to 4.3 percent and beyond, monthly payments on new mortgages will go up and purchasing power will decline.  Buying now, while you can lock in today’s low rates, can save you lots of money over the lifetime of the loan.

Third:  Equity ownership.  Rent payments are money spent and gone, but mortgage payments are investments.  With each house payment you build equity in your home.  As the interest portion of the payment declines, the principal part of the payment increases and your equity ownership goes up with that.

Fourth:  Favorable return on investment.  During temporary housing market ups and downs, real estate has experienced long-term, stable growth in value.  The average appreciation rate for median-priced homes in the Golden State has been around four percent each year for the past 15 years.  So you can invest and pay 4 percent annually and puts a roof over your head at the same time.

Fifth:  Flexibility.  The home you buy is yours.  You can decorate it to suit your tastes and remodel it for your When you decide to upsize or downsize, you can sell your home and use the proceeds as a down payment on a new replacement home.

Sixth:  Wealth accumulation.  An article in the New York Times stated that home ownership is the best way for people who have not inherited wealth to build it and that building equity in a home can be a ready-made savings plan.  And when you sell your home in California, up to $250,000 (and up to $500k if married and filing jointly) in capital gains may be excluded from federal income tax liability.

Seventh:  Long-term stability.  Home ownership has a significant positive impact on net worth, educational attainment, civic participation, and quality of life.  Buying, owning, and staying put allows you and your family make things solid for your lives, establish lasting friendships, and help realize the American Dream of home ownership.

By Harrison K. Long.  Source of information is an article by Sherri Butterfield at the   Orange County CA Association of REALTORs®. 

“7 Top Reasons to Buy a Costa Mesa Home Now”

 

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East Costa Mesa CA Home Selling Market With Solid Buying Activity

IMAG3927

East Costa Mesa homes

With a real estate market favoring home sellers at East Costa Mesa CA, the Labor day update showed solid buying activity.

East Costa Mesa presents real opportunity for home buyers and is one of the most popular areas for residential living and investment at Orange County CA. 

 

23 East Costa Mesa homes sold with closed deals last month – August 2015 – and average sold price for those homes was $917,637.

37 East Costa Mesa are now listed for sale with the CRMLS multiple listing service – with average list price now at $1,166,000.

27 East Costa Mesa homes are now under purchase contracts with buyers – in backup and pending status on the multiple listing service – and these have average asking prices at $982,000.

East Costa Mesa homes

East Costa Mesa single level homes

This large number of homes now under purchase contracts shows that home buyers have been active at East Costa Mesa during the past 30 days.

Average time on market from listing to sale of homes at East Costa Mesa is now less than 2 months (the time it would theoretically take to sell all homes on the market at current pace of sales) – so East Costa Mesa is market that favors sellers.

People seek out East Costa Mesa, because of its fantastic weather, lots of sunshine, friendly and safe neighborhoods, award-winning schools, and location near Newport Beach Upper Back Bay and Newport Harbor.

Find out for free what your home is worth

 

 

See East Costa Mesa CA homes now listed for sale – click here

See Costa Mesa single level homes now listed for sale – click here

By Harrison K. Long.  Source of some information is CRMLS multiple listing service and is for homes listed and sold by all brokers and agents.

We provide professional REALTOR® and broker representation for home and property owners, buyers and investors – for their best decisions about real estate.  Contact us to find out more about East Costa Mesa homes and real estate.

“East Costa Mesa CA Home Selling Market With Solid Buying Activity”

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3 Things to Know About East Costa Mesa Home Selling

3 Things to Know About East Costa Mesa Home Selling

First – ECM residents love the geography and great weather.

East Costa Mesa is about a 3-square-mile area at South Orange County and borders Newport Beach on the south, Irvine Avenue on the east, Mesa Drive on the north and Newport Blvd on the west. It’s located about 2 miles from Newport Harbor and 3 miles from the Pacific Ocean and has lots of sunshine and some of the best weather anywhere.

Second – People are attracted to the ECM schools and neighborhoods.

People want the safe and friendly neighborhoods at ECM – with ocean breezes, bicycling on the streets, sports fields, recreation areas, and walking to restaurants and shopping.

ECM residents cherish their yards, and many plan to expand their living spaces while some have already completed that transformation. Homes are charming with many single-level style ranchers.

Third – East Costa Mesa home values and selling prices.

ECM home values have been on the upswing during the past 13 years, which makes homeowners happy.

72 East Costa Mesa homes are now listed for sale on the multiple listing service – with average asking price of $889,121.

21 East Costa Mesa homes sold during August this year 2014 – with average selling price of $880,714.

It’s amazing that the average list price is so close to the average selling price.

East Costa Mesa average selling prices are up 7.8 percent this year August 2014 vs. last year August 2013.

19 East Costa Mesa homes sold during August last year 2013 – with average selling price of $816,037.

Pricing your East Costa Mesa home correctly based upon real value and upon recent sales in your neighborhood is a most important consideration.

Buyers are looking more at prices this year and expect to pay fair market value relative to recent sales. Sellers are in control of most contract terms, and buyers have more influence on prices.

We’ll help you evaluate the market in your area and price your home to sell.

Coldwell Banker residential brokerage

By Harrison K. Long. Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Corona del Mar and Orange County, CA.

Source of some information is CRMLS and is for homes sold by all brokers and agents. Contact us at 949-854-7747 with your questions about homes and property values at East Costa Mesa CA and Things to Know About East Costa Mesa CA Home Selling.

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East Costa Mesa CA Home Selling Market Trends

East Costa MesaEast Costa Mesa is a most-popular area for home buyers at Orange County – and is located just inland from Newport Beach and about two miles from Newport Harbor.

406 16th place, sold, 2014East Costa Mesa homeowners and residents cherish their neighborhoods, with flat and wide streets, friendly neighbors, single level homes, good access to public parks and recreational areas, and located close to good public schools.

 

  • 16 East Costa Mesa homes were sold so far from August 1 to August 28, 2014 – with average sold price of $825,593 – and average time on market of 76 days for those sold homes.
  • 17  East Costa Mesa homes were sold during same time last year 2013 from August 1 to August 28, 2013 – with average sold price of $798,115 – and average time on market of 53 days for those sold homes.
  • So East Costa Mesa home selling is a little slower this year in August, and selling numbers are otherwise about the same as last year 2013.

East costa mesa home valuesInvestors and buyers have also liked East Costa Mesa real estate.

149 East Costa Mesa homes have sold so far this year – from January 1 to August 28, 2014.

Average sold price of 870,366, and average time on market of 65  days for those sold homes.

  • East Costa Mesa has now has 68 homes listed for sale – with average list price of $922,726.
  • 18.6 East Costa Mesa homes are being sold on average each month this year.
  • So it will take 3.65 months to theoretically sell all homes now on the market at current pace of selling.
  • This market still favors sellers, but it has been moderating in favor of buyers who now have more choices.

See East Costa Mesa homes for sale here.

____________________________________________

By Harrison K. Long – Source of some information is CRMLS and is for listings and sales by all agents and brokers.

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Contact us with questions about East Costa Mesa homes and about listing and sale of your home at Orange County CA. ~ Professional REALTOR® agent representation and help for home and property owners, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at East Costa Mesa and Orange County CA.

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Orange County CA Home Selling Price Appreciation Moderates

Good news for home buyers is that Orange County price appreciation is no longer in white hot territory.

Home sellers this year 2014 need to seriously consider the comps and what buyers are paying for homes.

Our Orange County real estate market has changed during 2014, and buyers are looking to pay fair market value.

More Orange County homes listed for sale are sitting on the market without buyers.

Average market time for OC home selling has gone up, and active inventory of listings has been up all year. 8,057 Orange County homes are now listed for sale, which is 2,535 more than were on the market same time last year (a 45 percent increase in listings this year).

Orange County price and values skyrocketed from 2012 to the end of 2013. Sellers priced their homes above recent sale prices and received multiple offers – sometimes selling for more than list prices.

That’s stopped! Buyers at the OC now want to pay at value relative to recent sales – and expect to pay “fair market value”.

Orange County home selling usually cools after the kids return to school, and we expect this to moderate further from Thanksgiving through start of the New Year 2015.

Buyers have better options this years and are looking for nice upgraded homes and real value. Sellers are no longer in complete control and need to price their homes correctly while considering recent comp sales, location, upgrades, and condition of the home.

Sellers should price their homes realistically and correctly according to value from the start of marketing time and then expect positive results.

We here to help you evaluate the market in your area and price your home to sell.

Coldwell Banker residential brokerage

By Harrison K. Long. Source of some information is ReportsOnHousing.com and is for homes sold by all brokers and agents.

Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA.

Contact us at 949-854-7747 with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

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East Costa Mesa CA Homeowners Like June 2014 Selling Prices

IMAG3927East Costa Mesa462 Esther at East Costa Mesa sold for $1,710,000 last month during June 2014.

East Costa Mesa is about a 3-square-mile area at South Orange County and borders Newport Beach on the south, Irvine Avenue on the east, Mesa Drive on the north and Newport Blvd on the west. It’s located about 2 miles from Newport Harbor and 3 miles from the Pacific Ocean.

1960 Aliso, 4-22-2014-b-East Costa Mesa homeowners cherish their large yards, and many want to expand their houses while some have already completed that transformation.

ECM is famous for its neighborhood charm, single-level ranch style homes, ocean breezes, friendly people, bicycling on the streets, sports fields and recreation areas, and walking to restaurants and shopping.

East Costa Mesa sees continuing positive home selling numbers.

  • East Costa Mesa home sale numbers and selling prices were up in June this year as compared with same time last year.
  • 21 East Costa Mesa homes sold during June this year 2014 – with average selling price of $906,674.
  •  East Costa Mesa selling prices are up 13.2 percent this year June 2014 vs. last year June 2013.
  • 20 East Costa Mesa homes sold during June last year 2013 – with average selling price of $800,868.
  • Home selling prices and values at East Costa Mesa have been way up during past 13 years.
  • 22 ECM homes sold 13 years ago during April 2001 – with average selling price of $407,571.
  • East Costa Mesa home sellers have seen total price increases of about 135 percent during 13 years from 2001 to 2014 – which is average annual increase of about more than 10 percent each year.  That’s a solid return on investment for ECM homeowners – and for sellers who are happy with price increases.

Pricing your East Costa Mesa home correctly based upon recent sales in your neighborhood is a most important consideration.  An experienced Realtor agent will help you evaluate the market in your area to price your home to sell.

East Costa Mesa now has 70 homes listed for sale on the MLS – with average asking price of $955,201. Click here to see East Costa Mesa homes for sale.

Coldwell Banker residential brokerage

By Harrison K. Long. This is information from CRMLS multiple listing service and is for homes sold by all brokers and agents.

Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA. Contact us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

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Bluffs Home Remodeled at Newport Beach CA – 325 Vista Suerte

Welcome to 325 Vista Suerte - "The Bluffs" at Newport BeachLive beautifully in this stunning, extensively remodeled and renovated home in the “The Bluffs” at Newport Beach!

 Single family attached home with 3 bedrooms and 2 and one-half bathrooms.

Open-concept kitchen, dining and living area.

Gorgeous custom kitchen rebuilt to the studs – white maple shaker cabinets to ceiling, granite counters, designer backsplash, stainless steel appliances including five burner cooktop and Fisher & Paykel dishwasher drawers, and over-the-stove pot filler.

Soaring ceilings and distressed maple hardwood floors.

Expansive views through French sliding doors to rear patio and lush greenbelt.

Romantic master bedroom with vaulted ceiling overlooking greenbelt.

Spectacular completely renovated ensuite master bath including Carrera marble dual vanity, spacious shower with designer tile & hardware, glass surround and dramatic volume ceiling.

Master bath suite …

Impressive secondary baths rebuilt with new vanities, granite counters, custom tile and raised volume ceilings.

New elements include dual pane windows throughout …

New raised panel wood wardrobe doors, leaded glass entry doorway sidelight, fireplace hearth, crown molding, tall baseboards, light and faucet fixtures, fresh paint, garage door & more.

Location on private community greenbelt near the swimming pool area.

325 Vista Suerte – Bluffs Park Homes at Newport Beach

325 Vista Suerte is the home you have been waiting for!

Offered at $977,500 – CRMLS #OC14121035

Home and listing presented by Harrison and Christi Long, Realtors and professional real estate representatives, Coldwell Banker Residential Brokerage, Newport Beach and Orange County CA – CAL BRE 01410855 – Contact listing agents at 949-701-2515.

Coldwell Banker residential brokerage

By Harrison K. Long – We provide Professional REALTOR® agent representation and help for property owners, home sellers, private trust estate representatives, estate administrators, executors and heirs, probate and trust attorneys, estate planners, income tax professionals, public guardians, fiduciaries, investor group managers, bankers, and individuals, with listing and sale of properties at Orange County, CA. Contact us with your questions about home prices and values at Irvine, Newport Beach, Costa Mesa, and other Orange County CA cities and areas.

Posted in Explore The OC, Live At Newport Beach, Live at Orange County, Newport Beach home values, Newport Beach homes, Orange County home selling | Tagged , , , , , , , , , , , , , , , , | Leave a comment