Tag Archives: homes for sale

Costa Mesa – Mesa Verde Egg-Citement Followup

Our Costa Mesa real estate company, Torelli Realty, enjoyed every minute of Egg-Citement!  Our Realtors had a blast helping out.  Huge turnout from the neighborhood homes.  Can’t wait for next year.  Enjoy some more photos!  Thanks again to the Estancia High School Cheer Squad & Boosters!

Picture of Easter Bunny

The Easter Bunny and friends

Picture of Estancia High School Cheer Squad

Estancia High School Cheer Squad

Picture of Bounce House

Bounce House!

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Costa Mesa Real Estate Sees Highest Priced Home Sale in 8 Months

We’re proud to announce the sale of the most expensive Costa Mesa home in the last 8 months!  2717 Starbird Drive in the Mesa Verde neighborhood sold for $1.25 million.  Considering that the median price for all homes in the Costa Mesa real estate market is $649,000, it’s noteworthy that this home sold for nearly double that amount.

Picture of house on Starbird

2717 Starbird, Costa Mesa

Currently, there are 125 homes for sale in Costa Mesa. This house was originally listed for sale in October 2009 because the sellers were looking to downsize.  Since they were not in a major rush to sell, they were able to bide their time and wait patiently for an offer.  In the real estate market we’re facing now, homes over a million dollars don’t typically sell as fast as homes closer to the median price point, which are more affordable to buyers.   The buyers were set on this location, proving again that real estate is all about “location, location, location.”

The Mesa Verde section of Costa Mesa is a desirable neighborhood for many reasons – it has wonderful parks, well-kept homes, and a strong sense of community.  This home is located in a section that is specifically known as the Upper Bird Streets because the streets are named after birds.  It’s a great area near one of Costa Mesa’s best parks, Tanager Park.  Mesa Verde homes retain their value well, as the median home price here is $639,000.  Homes here are often in high demand and right now there are only 25 homes for sale in Mesa Verde.   Buyers who are anxious to get into this prime location do not have that many to choose from.

The sale of such a high-priced home reveals some useful information about the Costa Mesa real estate market.  For one, there is a solid demand for homes where the buyers can deliver the title in a timely manner, in this case due to paying in cash.  Also, homes in lower price ranges, specifically homes under $500,000, have bottomed out and are difficult to find (unless the home needs major work, is a short sale, or isn’t in a desirable area).  Finally, the old axiom that location is key played a huge role in this home sale.

By The Numbers – January 5, 2010

HOMES FOR SALE 92626:     45

HIGHEST:  $959,800

LOWEST:    $419,000

Median:       $609,000

HOMES FOR SALE 92627:      60

HIGHEST:    $2,850,000

LOWEST:     $365,000

Median:         $643,000

CONDOS FOR SALE 92626:      8

HIGHEST:     $515,000

LOWEST:      $289,900

Median:         $375,000

CONDOS FOR SALE 92627:      25

HIGHEST:    $559,999

LOWEST:     $199,000

Median:        $390,000

Homes in escrow AND PENDING SALES:  79

Condos in escrow AND PENDING SALES:  52

By the Numbers – November 16, 2009

HOMES FOR SALE 92626:     56

HIGHEST:  $1,075,000

LOWEST:    $375,000

Median:       $634,900

HOMES FOR SALE 92627:      53

HIGHEST:    $2,850,000

LOWEST:     $365,000

Median:         $725,000

CONDOS FOR SALE 92626:      9

HIGHEST:     $515,000

LOWEST:      $235,000

Median:         $375,000

CONDOS FOR SALE 92627:      26

HIGHEST:    $559,999

LOWEST:     $199,000

Median:        $375,000

Homes in escrow AND PENDING SALES:  107

Condos in escrow AND PENDING SALES:  72

Costa Mesa By The Numbers – October 26, 2009

BY THE NUMBERS

October 26, 2009

HOMES FOR SALE 92626: 56

HIGHEST: $1,075,000

LOWEST: $430,000

Median: $575,000

HOMES FOR SALE 92627: 55

HIGHEST: $2,850,000

LOWEST: $330,000

Median: $699,000

CONDOS FOR SALE 92626: 9

HIGHEST: $559,900

LOWEST: $235,000

Median: $369,900

CONDOS FOR SALE 92627: 27

HIGHEST: $559,999

LOWEST: $199,000

Median: $375,000

Homes in escrow AND PENDING SALES: 110

Condos in escrow AND PENDING SALES: 67

Costa Mesa Real Estate By the Numbers – October 19, 2009

HOMES FOR SALE 92626: 59

HIGHEST: $1,075,000

LOWEST: $430,000

Median: $550,000

HOMES FOR SALE 92627: 53

HIGHEST: $2,850,000

LOWEST: $250,000

Median: $699,000

CONDOS FOR SALE 92626: 12

HIGHEST: $559,900

LOWEST: $235,000

Median: $330,000

CONDOS FOR SALE 92627: 27

HIGHEST: $559,999

LOWEST: $199,000

Median: $399,000

Homes in escrow AND PENDING SALES: 107

Condos in escrow AND PENDING SALES: 66

Costa Mesa Real Estate By the Numbers – October 5, 2009

HOMES FOR SALE 92626: 51

HIGHEST: $1,119,000
LOWEST: $384,900
Median: $549,900

HOMES FOR SALE 92627: 51
HIGHEST: $2,990,000
LOWEST: $250,000
Median: $725,000

CONDOS FOR SALE 92626: 9

HIGHEST: $559,900
LOWEST: $235,000
Median: $349,900

CONDOS FOR SALE 92627: 30

HIGHEST: $599,999
LOWEST: $210,000
Median: $421,000

Homes in escrow AND PENDING SALES: 105
Condos in escrow AND PENDING SALES: 60