Costa Mesa Real Estate Update: December 10, 2012 - December 24, 2012

 According to the MLS, the number of homes newly listed for sale in Costa Mesa during the two week period of 12/10/2012-12/24/2012 was 16 homes. In fact, more than 50% of the homes that were listed during this period have all ready gone into escrow! Of the 16 new homes on the market in Costa Mesa, the highest priced property was listed at $989,000 and was a home in Eastside Costa Mesa that is all ready in escrow. The lowest priced property was listed at $339,000 and was a townhome in the French Quarters complex that is also all ready in escrow. According to the MLS, the number of homes that went into escrow and/or closed in Costa Mesa for the two week period of 12/3/2012-12/17/2012 was 37 homes. These homes were categorized in the MLS as ‘backup offers,’ ‘pending sale,’ or ‘closed sale.’ *** 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,’ ‘in the 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: 64 homes in the above categories Are you curious about the value of your home in this hot seller's market? Please give us a call for a no hassle, complimentary market analysis at 714-540-7355 or email to info@torellirealty.com.