Costa Mesa Real Estate Market Update - November 19, 2012-December 3, 2012

 According to the MLS, the number of homes newly listed for sale in Costa Mesa during the two week period of 11/19/2012-12/3/2012 was 20 homes. According to the MLS, the number of homes that went into escrow and/or closed in Costa Mesa for the two week period of 11/19/2012-12/3/2012 was 37 homes. These homes were categorized in the MLS as ‘backup offers,’ ‘pending sale,’ or ‘closed sale.’ Of the 44 new homes on the market in Costa Mesa, the highest priced property was listed at $750,000. The lowest priced property was listed at $349,900. *** Below is a look at the number of homes identified in the MLS as being ‘short sale offer submitted,’ ’short sale/subject to lender approval,’ ‘inthe foreclosure process,’ ‘notice of default,’ ‘REO/Lender-owned,’ or ‘REO Offer(s) submitted.’ These homes are currently either active listings,accepting backup offers or pending sales. Costa Mesa: 72 homes in the above categories