East Costa Mesa CA is a popular area for residential living and investment – originally developed in the early 1950s with commercial areas near 17th Street and Westcliff Drive.
People are attracted to East Costa Mesa at least in part because of close proximity to Newport Beach and its harbor and Back Bay with boating and kayaking.
ECM was first built with mostly single level homes, and many of those homes have been remodeled.
Residential and commercial areas were gentrified – East Costa Mesa has many homes that were completely rebuilt or partially remodeled during the past ten years.
EAST COSTA MESA now has 41 homes listed for sale – with average asking price of $819,494.
104 East Costa Mesa CA homes were sold this year so far – as of July 12, 2012 – with average sold price of $585,773.
That’s more than 17 homes sold per month on average at East Costa Mesa – so market time to theoreticalloy sell all listed homes is about 2.4 months – a short time and probably balanced in favor of sellers.
22 of those sold ECM homes were short sales – which is 21 percent of the market.
Source of some information is CRMLS, does not include FSBOs, trustee auctions sales or new homes, and does include homes listed and sold by all brokers and agents.
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