Costa Mesa Homes Are Selling 20% Faster Vs. O.C.

The OC Register reported that Costa Mesa homes are selling 20% faster than the rest of Orange County. That's a trend to be proud of! We're going to break it down a little further to show what's going on in the current Costa Mesa real estate market.

Trends:

-302 homes have sold in Costa Mesa since January 1, 2011. The average days on the market for these homes was 87 days.-176 of these homes sold for under $500,000 and the average days on the market for these homes was 88 days.-29 of these properties sold for under $300,000 and the average days on the market for these homes was just 64 days.-95 of these properties was sold for $501,000-$750,000 and the average days on the market was 86 days.-25 of these homes was sold for $750,001-$1,000,000 and the average days on the market was 82 days.-6 of these homes sold for over $1,000,000 and the average days on the market was 92 days.-Homes that sold the quickest had either 1 bedroom (only 2 listings but they sold in an average 61 days) or 4 bedrooms (there were 79 listings in this category and they sold in an average of 78 days)Note: Throughout Orange County the average market time is about 3.72 monthsAre you debating selling your home? Contact us for a free consultation to explore your options and get tips for how you can improve the value of your home - just let us know what you are looking for!