Costa Mesa, CA Real Estate News

By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Originally no more than a way station built by Spanish missionaries, Costa Mesa’s first real estate development occurred in the 1880s. This failed to prosper, but Costa Mesa became an agricultural center known for apples and lima beans. Long time residents may remember when the area was called Fairview and Paularino, but today, the city is a focal point in Orange County with the Orange County Performing Arts Center, South Coast Repertory Theatre and South Coast Plaza as major drawing points. It is hard to believe that Costa Mesa was once nicknamed “Goat Hill” because of its rural flavor. The modern day Costa Mesa real estate market began as beach bungalows just minutes from the ocean. Even then, Costa Mesa, bordering Newport Beach, captured the best of Newport Beach living at a fraction...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
South Coast Metro is an area that encompasses both Costa Mesa and Santa Ana. However, the South Coast Metro area in Costa Mesa usually refers to the area east of Bear Street and north of the 405 (San Diego Freeway). It is at the junction of Orange County’s 55 and 405 freeways. It is the area of Costa Mesa closest to South Coast Plaza. In this unique neighborhood, premier office space and world class shopping vie with first class dining and performing arts venues to form a cosmopolitan blend of culture and business. Below is the South Costa Metro Costa Mesa market report for September 28, 2008 For more information, please visit Costa Mesa real estate. For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home values Click for a free list of O...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Below is the central Costa Mesa market report for September 28, 2008 For more information, please visit Costa Mesa real estate. For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home values Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me! *************************************************************************** About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate. Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact christine@donovanblatt.com or 714-319-9751 to discuss your options. Want to buy a home ...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
The Mesa Verde neighborhood of Costa Mesa was largely built around the MesaVerde Country Club, a private club and golf course Costa Mesa Country Club, which is a private course, is also located within Mesa Verde’s boundaries. Most of the homes in Mesa Verde were built in the 1960’s and 1970’s, with several of the homes actually built right along the golf course. Mesa Verde is bordered by Fairview Regional Park and the Costa Mesa Golf Course on the south, Harbor Boulevard on the east, the Santa Ana River to the west, and the 405 (San Diego Freeway) on the north. The Estancia Adobe, built in the late 1800’s is also located within Mesa Verde in Estancia Park, and provides insight into the history of this wonderful area of Costa Mesa. The Market Report for Mesa Verde is below: For more info...
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By Larry & Laurie Weichman, A Tradition of Success
(Weichman Real Estate, A Trusted Name In Orange County Real Estate)
Proposed $700 billion plan moves forwardA proposed rescue plan that was initially submitted by the U.S. Dept. of the Treasury last Friday and received numerous edits and additions throughout the week appears to have made significant progress today, with members of both parties announcing they have reached general agreement to move forward with a $700 billion federal rescue plan.If the plan announced today is approved, it would allow the U.S. Dept. of the Treasury to purchase troubled residential and commercial mortgage-related assets, including mortgage-backed securities and loans - up to $700 billion, which would promote stability in the U.S. financial markets. C.A.R. strongly supports the intent of Congress and the federal government to calm the financial markets, address liquidity is...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
Southwest Costa Mesa, usually referred to as the Westside, is a wonderful area of Costa Mesa which borders both Newport Beach and  Huntington Beach.  It is typically quantified as being West of Newport Boulevard. It encompasses Fairview Park and the Talbert Nature Reserve. It has a wide mix of homes ranging from single family homes, to condos and apartment buildings.  The homes overlooking the bluffs, have beautiful views of the ocean and wildlife in the Santa Ana River.  The current market report for Southwest Costa Mesa is below:   For more information please visit Costa Mesa Real Estate.  For more information on Costa Mesa Homes or the value of a particular home please visit Costa Mesa Home Values. Click here for a free list of Orange County Foreclosures or a free list of Orange Coun...
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By Larry & Laurie Weichman, A Tradition of Success
(Weichman Real Estate, A Trusted Name In Orange County Real Estate)
Costa Mesa, California- September 24, 2008 Larry Weichman of Weichman Realtors is proud to announce a new program to help today's home sellers in Orange County California. His team of top agents are now offering to certain home owners a program that guarantees that he will sell their home in 59 Days or he will make the mortgage payments. Homesellers are requested to contact him at 714-241-4532 for details.
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
I have been providing a daily market update on all of Costa Mesa for some time.  In an effort to provide more specific information on the different areas of Costa Mesa, I am changing my Costa Mesa Real Estate Minute to provide this more area specific information.  Therefore, once a week, I will be updating each of the five areas of Costa Mesa - Eastside Costa Mesa, Southwest Costa Mesa, Central Costa Mesa, Mesa Verde, South Coast Metro on a rotating basis.  I will also give an overview of all of Costa Mesa Real Estate once a week.   Eastside Costa Mesa is a charming area of Costa Mesa which borders Newport Beach, and, as a result, tends to have higher property values than some other areas of the city. It is bounded by Irvine Boulevard on the east, Newport Boulevard on the west, 15th Str...
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By Christine Donovan, Broker/Attorney 714-319-9751 DRE01267479 - Costa M
(Donovan Blatt Realty)
In 1920, the people of Harper came to the conclusion that their city needed a new name, a name that reflected where they lived rather than the name of the farm and farmer where it all started. They decided to hold a contest and give a $25 prize to the winner. It was determined that the best entry was made by Alice Plumer who was given $25 and the honor of renaming the city, Costa Mesa, meaning "coastal tableland" in Spanish.  This is an apt name for a city in which much of the land is on a plateau overlooking the Pacific Ocean, Newport Beach and Huntington Beach.   For more information about  relocating to Costa Mesa, California and what a great place it is to live, please see Costa Mesa Real Estate.     For more information on Costa Mesa history, see the following articles: Costa Mesa ...
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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 September 23, 2008 is as follows: There are 336 homes currently for sale in Costa Mesa.  245 of these are single family (SFR) homes.  91 are condos. 99 homes are in escrow, conditionally sold. 74 are SFRs. 25 are condos. 40 homes have closed escrow in September. The median price of homes in September is $550,000.  The average price of a home in September is $527,653. Nine of the homes sold in September were bank owned/REO, and ten were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties. T...
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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 September 22, 2008 is as follows: There are 334 homes currently for sale in Costa Mesa.  244 of these are single family (SFR) homes.  90 are condos. 100 homes are in escrow, conditionally sold. 76 are SFRs. 24 are condos. 38 homes have closed escrow in September. The median price of homes in September is $540,000.  The average price of a home in September is $517,398. Nine of the homes sold in September were bank owned/REO, and nine were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties....
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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 September 21, 2008 is as follows: There are 336 homes currently for sale in Costa Mesa.  244 of these are single family (SFR) homes.  92 are condos. 103 homes are in escrow, conditionally sold. 78 are SFRs. 25 are condos. 35 homes have closed escrow in September. The median price of homes in September is $550,000.  The average price of a home in September is $535,320. Seven of the homes sold in September were bank owned/REO, and nine were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties...
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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 September 20, 2008 is as follows: There are 333 homes currently for sale in Costa Mesa.  244 of these are single family (SFR) homes.  89 are condos. 104 homes are in escrow, conditionally sold. 78 are SFRs. 26 are condos. 33 homes have closed escrow in September. The median price of homes in September is $550,000.  The average price of a home in September is $534,582. Seven of the homes sold in September were bank owned/REO, and eight were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO propertie...
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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 September 19, 2008 is as follows: There are 332 homes currently for sale in Costa Mesa.  241 of these are single family (SFR) homes.  91 are condos. 104 homes are in escrow, conditionally sold. 79 are SFRs. 25 are condos. 32 homes have closed escrow in September. The median price of homes in September is $555,000.  The average price of a home in September is $537,850. Seven of the homes sold in September were bank owned/REO, and seven were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO propertie...
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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 September 18, 2008 is as follows: There are 336 homes currently for sale in Costa Mesa.  245 of these are single family (SFR) homes.  91 are condos. 105 homes are in escrow, conditionally sold. 79 are SFRs. 26 are condos. 30 homes have closed escrow in September. The median price of homes in September is $555,000.  The average price of a home in September is $531,174. Seven of the homes sold in September were bank owned/REO, and six were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties....
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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 September 17, 2008 is as follows: There are 333 homes currently for sale in Costa Mesa.  244 of these are single family (SFR) homes.  89 are condos. 106 homes are in escrow, conditionally sold. 79 are SFRs. 27 are condos. 29 homes have closed escrow in September. The median price of homes in September is $560,000.  The average price of a home in September is $530,524. Seven of the homes sold in September were bank owned/REO, and five were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties...
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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 September 16, 2008 is as follows: There are 330 homes currently for sale in Costa Mesa.  242 of these are single family (SFR) homes.  88 are condos. 107 homes are in escrow, conditionally sold. 80 are SFRs. 27 are condos. 27 homes have closed escrow in September. The median price of homes in September is $560,000.  The average price of a home in September is $529,378. Six of the homes sold in September were bank owned/REO, and four were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties. ...
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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 September 15, 2008 is as follows: There are 326 homes currently for sale in Costa Mesa.  238 of these are single family (SFR) homes.  88 are condos. 108 homes are in escrow, conditionally sold. 79 are SFRs. 29 are condos. 25 homes have closed escrow in September. The median price of homes in September is $565,000.  The average price of a home in September is $568,708. Five of the homes sold in September were bank owned/REO, and three were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties...
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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 September 14, 2008 is as follows: There are 331 homes currently for sale in Costa Mesa.  240 of these are single family (SFR) homes.  91 are condos. 103 homes are in escrow, conditionally sold. 77 are SFRs. 26 are condos. 24 homes have closed escrow in September. The median price of homes in September is $562,500.  The average price of a home in September is $546,571. Five of the homes sold in September were bank owned/REO, and three were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties...
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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 September 13, 2008 is as follows: There are 327 homes currently for sale in Costa Mesa.  236 of these are single family (SFR) homes.  91 are condos. 102 homes are in escrow, conditionally sold. 77 are SFRs. 25 are condos. 24 homes have closed escrow in September. The median price of homes in September is $562,500.  The average price of a home in September is $546,571. Five of the homes sold in September were bank owned/REO, and three were short sales (requested the lender accept less than was owed on the mortgage upon sale), had a notice of default filed(for failure to pay the mortgage) on them or were otherwise in the foreclosure process. Of the 62 homes closed escrow in August, 13 of the homes were short sales and 22 were bank owned/REO properties...
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