Sweet Orange

For a look at what is going on in with housing prices in Costa Mesa, I provided the numbers for the highest- and lowest-priced homes in Costa Mesa as well as the numbers for a Costa Mesa home that is near the median. Here they are:

The highest priced home in Costa Mesa is currently at 369 22nd Street. This home is located in Eastside Costa Mesa (92627) near the Newport Bay. Note that the current listing price is reduced by 15% from the original listing price.

• Asking price: $2,990,000 ($516/SF)
• HOA fee: n/a
• What: detached house built in 2004
• Size: 4 beds/6 baths with 5800 square feet
• Previously sold: February 10, 1996 for $540,000
• Price reductions:
  * listed April 16,2009 for $3,495,000
  * price reduced on July 22, 2009 to #3,295,000
  * price reduced on August 21, 2009 to $2,990,000

The lowest priced home in Costa Mesa is currently at 1654 Iowa Street, Unit B. This short sale is  located in the Mesa Verde neighborhood  (92626). Note that the current listing price is approximately 50% below the previous 2006 selling price.

• Asking price: $209,990 ($234/SF)
• HOA fee: $250/month
• What: condo built in 1971
• Size: 2 beds/1 bath with 897 square feet
• Previously sold: April 21, 2006 for $406,000

An example of a mid-priced Costa Mesa home is at 832 Presidio Drive. This home is located in Central Costa Mesa (92626) near Tewinkle Park, Orange County Fair Grounds, Orange Coast College, South Coast Plaza as well as many freeways. This is a short sale.

• Asking price: $439,000 ($338/SF)
• HOA fee: n/a
• What: detached house built in 1960
• Size: 3 beds/62baths with 1200 square feet (7200 SF lot)
• Previously sold: July 17, 2009 for $439,000 and July 12, 1994 for $184,000