The Costa Mesa Real Estate Market is HOT for a Normal Sale - March 14, 2012

 When inventory is low, sellers can do quite well. So far in 2012 the rule of supply and demand is definitely in play for Costa Mesa real estate. Since January 1, 2012 there have been 13 Costa Mesa homes listed and SOLD as “standard” sales. The average time on the market for these properties was just 24 days! Standard sales are the most traditional form of real estate and this category does not include homes that are classified as a foreclosures or short sales. For a homeowner who is looking to sell, offering a traditional sale in a market that is flooded with distressed properties can attract a lot of attention from buyers who are tired of waiting for short sale approval, bank approval, etc. Currently, there are 41 Costa Mesa properties in escrow that are standard sales. These homes were also listed for sale after the start of 2012. It’s hard to believe that there are only 140 Costa Mesa homes available right now – and just 65 of them are standard sales. If you are considering marketing and want to find out if a traditional sale is right for you, please call 714-540-7355 or email info@torellirealty.com. We believe in the values of Costa Mesa real estate and will be glad to answer any of your questions.