Sweet Orange

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

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 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.

411 Emerson, Eastside Costa Mesa

Here is what has happened with some income property in Eastside Costa Mesa:

411 Emerson Street is a 3-bedroom detach home with a 2 bedroom apartment over the garage and is near the Back Bay.  This property sold for $700,000 ($301/SF) on October 20, 2009.

2344 Elden Avenue #3 consists of a duplex in front and a  three-bedroom, detached home with a pool in the back. In October 2009, the asking price for this Eastside Costa Mesa home was $899,000 ($237/SF); in January 2010, the asking price was $799,000. This property is currently off the market.

2378 Norse Way has a two-bedroom detached home with 900 square feet in front and a one-bedroom with 1000 square feet in back. In October 2009, the asking price was $625,000 ($339/SF). This home was taken off the market in November 2009.

South Coast Repertory in Costa Mesa

Here are the some recent housing numbers for 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.

Median Selling Price

92626

• April 2010: $512,250 (up 6.4% from April 2009)
• March 2010: $515,000 (up 12% from March 2009)

92627

• April 2010: $435,000 (down 5.6% from April 2009)
• March 2010: $467,500 (up 24.7% from March 2009)

Number of Sales

92626

• April 2010: 28 (down 6.7% from March 2009)
• Marach 2010:  32 (down 22.0% from March 2009)

92627

• April 2010: 30 (down 9.1% from April 2009)
• March 2010: 36 (up 24.1% from March 2009)

Source: DataQuick

Photo Courtesy South Coast Repertory

Last week, I posted the price per square foot numbers for Costa’s Mesa’s 92626 and 92627 ZIPs. For comparison, here are the price per square foot numbers for Costa Mesa as a whole and Orange County as a whole.

February 2010 median price per square foot numbers for all Costa Mesa:

• House–$345 (up 13.7% from February 2009)
• Condo–$243 (up 39.7% from February 2009)
• Both (House + condo)–$304 (up 8.4% from February 2009)

Graphs: Price/SF Costa Mesa houses, Price/SF Costa Mesa condos–February 2010

February 2010 median price per square foot numbers for all Orange County:

• House–$283 (up 4.8% from February 2009)
• Condo–$234 (up 7.8% from February 2009)
• Both (House + condo)–$270 (up 4.7% from February 2009)

Graphs: Price/SF Orange County houses, Price/SF Orange County condos–February 2010

Source:  Redfin

An Eastside Costa Mesa Building

I my previous post I stated that the median price per square foot numbers often give a more accurate picture of the housing market in an area than the overall median price of housing in that area does. I also gave the price per square foot numbers for Costa Mesa’s 92626 ZIP (South Coast Metro, Mesa Verde, and part of Central Costa Mesa).

As a continuation of that thought, here are the recent price per square numbers for Costa Mesa’s other ZIP, 92627. The 92627 ZIP includes Eastside, Southwest and part of Central Costa Mesa.

House

• February 2010–$451 (up 40.5% from February 2009)
• January 2010–$346 (up 0.7 from January 2009)

Condo

• February 2010–$260 (up 16.6% from February 2009)
• January 2010–$275 (down 10.1 from January 2009)

Both (houses + condos)

• February 2010–$333 (up 7.8% from February 2009)
• January 2010–$312 (down 2.4 from January 2009)

Source:  Redfin

Up next: For a little comparison, I will give the price per square foot numbers for all Costa Mesa and all Orange County.

Photo Courtesy livingcostamesa.com

The Performing Arts Center in Costa Mesa's South Coast Metro Area

The median price per square foot of homes in an area is often a better indication of whether housing prices are increasing or decreasing in that area than is the increase or decrease of the overall median price in that area.

With that in mind, here are recent median price per square numbers for Costa Mesa’s 92626. The 92626 ZIP includes South Coast Metro, Mesa Verde, and part of Central Costa Mesa.

House

• February 2010–$309 (up 8.0% from February 2009)
• January 2010–$310 (up 1.6 from January 2009)

Condo

• February 2010–$244 (up 63.4% from February 2009)
• January 2010–$242 (down 4.7%  from January 2009)

Both (House + condo)

• February 2010–$305 (up 12.5% from February 2009)
• January 2010–$275 (down 2.1%  from January 2009)

Up next: Eventually I will get to some numbers for Irvine, but up next are numbers for Costa Mesa’s 92627 ZIP: Eastside, Southwest, and part of Central Costa Mesa.

Source: Redfin