Sweet Orange

Following are the Costa Mesa condo numbers that cover the last six months. Note that condos play a significant housing role in Orange County. However, in Costa Mesa this is less so than for some other areas. For example, Irvine has slightly more condos on the market than detached homes, whereas Costa Mesa has approximately 2.5 detached homes on the market for every condo.

For previous Costa Mesa condo statistics, see my post from my past life as a Redfin blogger.

Tomorrow: a look at some recent Irvine housing statistics

Median List Sales Price:

• March 20, 2009: $315K/$264 per square foot
• February 22, 2009: $315K/$254 per square foot
• January 30, 2009: $355K/$272 per square foot
• December 31, 2008: $336K/$269 per square foot
• November 30, 2008: $350K/$280 per square foot
• October 27, 2008: $342K/$284 per square foot

Median Sold Price*:

• March 20, 2009: $251K/$206 per square foot
• February 22, 2009: $273K/$229 per square foot
• January 30, 2009: $255K/$198 per square foot
• December 31, 2008: $275K/$213 per square foot
• November 30, 2008: $247K/$208 per square foot
• October 27, 2008: $218K/$203 per square foot

Median Days on Market*:

• March 24, 2009: 95
• February 22, 2009: 91.5
• January 30, 2009: 107
• December 31, 2008: 93
• November 30, 2008: 75
• October 27, 2008: 79

Number of Homes on the Market (Inventory):

• March 20, 2009: 100 (12 foreclosures)
• February 22, 2009: 103 (11 foreclosures)
• January 30, 2009: 117 (15 foreclosures)
• December 31, 2008: 119 (21  foreclosures)
• November 30, 2008: 132 (9 foreclosures)
• October 27, 2008: 156 (8 foreclosures)

*Based on homes sold or taken off market in the previous 90 days. These include MSL-listed, for-sale-by-owner, and bank-foreclosure homes.

Source unless otherwise noted: Redfin