What’s Happening in the Costa Mesa Housing Market?
Let’s imagine the Costa Mesa housing market like a big playground with swings, slides, and kids waiting for a turn. Right now, houses are very popular, and lots of people want to buy them. For single-family homes, the median list price is about $2,150,000, and homes are selling pretty quickly because more buyers want them than there are homes available.That makes it a Strong Seller’s Market, which is like being in a game where sellers have the advantage!
Condos and townhomes in Costa Mesa are also in high demand. Their median list price is $1,380,000, and even though things have cooled down just a little, it’s still a Strong Seller’s Market.This means prices haven’t dropped yet because people are still interested in buying them. If fewer people start shopping for condos, prices might go down later. You may see that some have sold for less than others in their respective communities. This is generally due to lack of upgrades, competition at the time of sale, or other factors like special assessments or insurance issues.
In simple terms, Costa Mesa is a popular place to live, and many people want to buy homes here. Houses and condos are like the coolest toys on the playground—everyone wants one, and there aren’t enough for everybody! So if you’re thinking about moving or buying, it’s good to keep watching the market and stay ready for your turn.
