Sweet Orange

To educate the world about the power of gourmet living foods!–118 Degrees Mission Statement

Here is an update to yesterday’s post: At noon, (after the Salad Bowl gardening lecture), you can watch a salad-making demonstration called Salad-Making 101 at the Great Park. Executive chef and owner of the Costa Mesa restaurant 118 Degrees, Jenni Ross, will give the presentation.

Here is more information as provided on the Great Park website:

Check out Chef Jenny Ross, owner of restaurant 118 Degrees, as she demonstrates a dressing recipe and talks about ways that you can use greens to create fresh, homemade salads. The demonstration will begin at noon at the Farm + Food Lab, immediately after the Salad Bowl Garden workshop.

Photo courtesy 118 Degrees

Up today are the Costa Mesa housing numbers. This includes all areas of  Costa Mesa: Eastside, Westside, Central, Southwest, South Coast Metro, Mesa Verde. Unless otherwise noted, the stats are provide by DQNews.

Median Sold Price/SF–Houses

Median Selling Price in Costa Mesa

• October 2010: $495,000 (down 5.58% y-o-y)
• September 2010: $477,500 (down 1.55% y-o-y)
• August 2010: $462,000 (down12.00% y-o-y)
  Redfin’s numbers: $482,000  (up 1.4% y-o-y) or $304/SF (up 4.4% y-o-y)
• July 2010: $505,000 (up 0.3% y-o-y)
  Redfin’s numbers: $485,000  (down 4.9% y-o-y) or $318/SF (up 4.4% y-o-y)

Median Sold Price/SF–Condos

Number of Sales in Costa Mesa

• October 2010: 45
• September 2010: 66
• August 2010: 49
  Redfin’s numbers: houses=41 (down 34.9% y-o-y), condos=29 (up 7.4% y-o-y)
• July 2010: 59
  Redfin’s numbers: houses sold=49, condos sold=26

Graphs Courtesy Redfin

Up today are the Costa Mesa housing numbers. This includes all areas of  Costa Mesa: Eastside, Westside, Central, Southwest, South Coast Metro, Mesa Verde.

Median Sold Price/SF--Houses

Median Selling Price in Costa Mesa

• September 2010: $477,500 (down 1.55% y-o-y)
• August 2010: $462,000 (down12.00% y-o-y)
• July 2010: $505,000 (down 1.94% y-o-y)
  Redfin’s JuLy 2010 numbers: $485,000  (down 4.9% y-o-y) or $318/SF (up 4.4% y-o-y)

Median Sold Price/SF--Condos

Number of Sales in Costa Mesa

• September 2010: 66
• August 2010: 49
• July 2010: 59
  Redfin’s numbers: houses sold=49, condos sold=26

Source unless otherwise noted: DQnews

Graphs Courtesy Redfin

Photo: South Coast Repertory, located in the cultural district of Costa Mesa’s South Coast Metro

Following is a history of the number of sales for homes in Costa Mesa by ZIP.

92626: South Coast Metro, Mesa Verde, part of Central Costa Mesa

• June 2010: 37 (down 2.6% from June 2009)
• May 2010: 26 (down 1.5% from May 2009)
• April 2010: 28 (down 6.7% from March 2009)
• March 2010:  32 (down 22.0% from March 2009)

92627: Eastside, Southwest, part of Central Costa Mesa

• June 2010: 43 (no change from June 2009)
• May 2010: 46 (up 4.5% from May 2009)
• April 2010: 30 (down 9.1% from April 2009)
• March 2010: 36 (up 24.1% from March 2009)

Source unless otherwise noted: DataQuick/OC Register

Following is a history of the median sales price for homes in Costa Mesa by ZIP.  The 92626 ZIP includes South Coast Metro, Mesa Verde, and part of Central Costa Mesa. The 92627 ZIP includes Eastside, Southwest and part of Central Costa Mesa.

92626

• June 2010: $530,750 (up 9.9% from June 2009)
• May 2010: $512,000 (down 1.5% from May 2009)
• April 2010: $512,250 (up 6.4% from April 2009)
  Note: For comparison, Redfin’s overall April 2010 median selling price was $509K or $312/SF.
• March 2010: $515,000 (up 12% from March 2009)

92627

• June 2010: $445,000 (down 2.9% from June 2009)
• May 2010: $425,000 (down 19.0% from May 2009)
• April 2010: $435,000 (down 5.6% from April 2009)
  Note: For comparison, Redfin’s overall April 2010 median selling price was also $435K or $353/SF.
• March 2010: $467,500 (up 24.7% from March 2009)

Photo Collage of Eastside Costa Mesa-Newport Beach Courtesy Costa Mesa’s Neighborhood Blog

Source unless otherwise noted: DataQuick/OC Register

Up next: number of home sales in Costa Mesa by ZIP

Up next on our Costa Mesa then-and-now tour is 458 Swarthmore Lane 92626, which is a 3 bed/1.75 bath, single-family home in College Park (Central Costa Mesa).

Asking price in November 2009: $539,000 or $393 per SF

Current status: This College Park home sold in December 2009 for the November 2009 asking price, $539,000 or $393 per SF.

HOA and Mellos Roos: none listed

Of note: Current estimates for this home are from $454,000 to $548,000.

Up next on our Costa Mesa then-and-now tour is 2296 La Playa Drive 92627, which is a  2 bed/2.5 bath, single-family home in Eastside Costa Mesa.

Asking price in November 2009: $574,900 or $396 per SF then changed to $549,900 or $379/SF

Current status: This Eastside home is currently off the market. This home was on the market in August 2006 and then delisted and relisted numerous times since then. Most recently, this home was delisted in February 2010.

HOA and Mellos Roos: no Mellos Roos but an small HOA fee

Of note: This home sold in January 2005 for $625,000. Current estimates for value of this home are from $497,000 to $697,000.

Up next on our Costa Mesa then-and-now tour is 157 Del Mar Avenue 92627:, which is a 3 bed/2.75 bath, single-family home in Eastside Costa Mesa.

Asking price in November 2009: On November 2, 2009, the asking price was $599,000 or $408 per SF; however, on November 18, 2009, the price was reduced to $579,900 or $394/SF.

Current status: This home sold on the fourteenth of this month for $571,000 or $388 per SF.

HOA and Mellos Roos: none listed

Of note: This Eastside home was on the market in December 2008 but did not sell until June 2010.

Up next on our then-and-now tour of the Costa Mesa housing market is 2189 Tustin Avenue 92627, a 3 bed/2.5 baths, single-family home in Eastside Costa Mesa.

Asking price in November 2009: $1,249,000 or $416 per SF

Current status: This Eastside home sold in December 2009 for $985,000 or $328 per SF.

HOA and Mellos Roos: none listed

Of note: The first listing for this home shows up in June 2009; at this time the asking price was the same as the November 2009 asking price, $1,249,000. The asking price was reduced in December 2009 to $1,095,000. Current estimates for this home range from $950,000 to $1,008,000.

This week will be a little then and now for housing prices in Costa Mesa. I will be comparing the market status for Costa Mesa homes that were on the market in November 2009 to the current market status of the same homes.

Up first: 178 Flower Street, 92627: single-family, 5 bed/5.5 baths, Eastside Costa Mesa

Asking price in November 2009: $1,399,000 or $399 per SF

Current status: This home is still on the market. In fact, this home has been on the market for almost a year (currently over 325 days). In spite of this, the asking price remains the same as its November 2009 price, $1,399,000.

HOA and Mellos Roos: none listed

Of note: This Eastside home sold in May 2006 for $1,525,000. In March 2004, this home sold for $684,000. John Burns states in a recent newsletter that a general rule is that housing prices should be at 2003 levels. So is this home overpriced?

The listing information states that this is a custom-built home with many upgrades. This might justify some increase in price over the 2004 sales price, but since this home has been on the market for over 325 day, the market is saying “no” to the current asking price.