Costa Mesa CA home and real estate investor buyers have been busy jumping on bargains this year – buying 413 homes so far as of July 25, 2012 – with closed escrows as indicated by the CRMLS.
Costa Mesa CA homes now listed have average asking price of $692k – which is one of the hottest selling price categories at Orange County CA.
Investor buyers at Costa Mesa CA have had cash situations and also taken advantage of excellent home purchase money mortgage rates – with declining average home sold prices since peak of 2006.
2006 – $738,194 average Costa Mesa sold price – the peak
2011 – $496,042 average sold price
2012 so far – $472,967 average Costa Mesa sold price
That’s a drop in average Costa Mesa sold price of 35.9 percent from the peak during 2006.
Current average Costa Mesa interior selling price is $295 per square foot – which is very low and at investor range.
Costa Mesa has been hot with buyers during 2012 with 59 homes average sold per month – Market time is less than two months – that time it what it would theoretically take to sell all Costa Mesa homes now for sale.
Source of some information is Steven Thomas at ReportsOnHousing.com and CRMLS.
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