Sweet Orange

Here is a look at some of the most affordable housing that is currently on the market in Costa Mesa’s Mesa Verde area. To make it easier for you to compare the current sold prices to the current asking prices, I have included the current price per square foot that Costa Mesa detached homes and condos are selling for. (I would like to narrow this information to Mesa Verde instead of all of Costa Mesa, but this information is not readily available. More on that in a later post.)

Currently, the median sold price for detached Costa Mesa homes is $309/SF. The median sold price for Costa Mesa condos is $189/SF. The current median price per square foot for all homes sold in the previous 90 days is $284.

At 1461 Deauville Place is a 1965 detached home with 2 bedrooms and 950 SF. The asking price is $200,000 ($211/SF). Homeowner association fee is $220 per month. Note that this home’s asking price is currently half of what this home sold for in 2005.

At 1646 Iowa Street, Unit D is a 1971 condo with 2 bedrooms and 909 SF. The asking price is $259,000 ($285/SF). Homeowner association fee is $265 per month. Note that this home has been approved for a short sale.

At 1646 Iowa Street, Unit B is a 1971 condo with 2 bedrooms and 890 SF. The asking price is $255,000 ($287/SF). Homeowner association fee is $250 per month. Note that this home sold  for $413,000 in 2007.

Tomorrow: more information on which Costa Mesa homes are the most affordable