Explore the latest trends in Costa Mesa's real estate market and discover what they mean for you as a buyer or seller:
🏡 Rising Median Sale Price: The median sale price has surged to $1,597,000, marking a 25.3% increase YoY. This substantial rise highlights a robust market, offering sellers an excellent opportunity to capitalize on their investments. 📈
📊 Stable Median List Price: With a slight YoY increase of 0.04%, the median list price now stands at $1,497,500. This stability suggests a balanced market, encouraging buyers to make informed decisions before prices potentially climb further. 🌐
💰 Increasing Price Per Square Foot: At $890.56, up 25.9% YoY, the value per square foot is on the rise, indicating a strong investment for buyers and a lucrative selling point for homeowners. 🏠💸
🏠 Homes Sold: Despite a slight MoM decrease, 44 homes were sold, reflecting a 4.8% increase YoY. This steady demand underscores the market's vitality, urging buyers to act swiftly. ⚡
⏳ Quick Turnaround: With homes spending just 37 days on the market, down 11 days YoY, sellers can expect faster transactions, while buyers should be prepared to move quickly. 📊
Whether you're buying or selling, Costa Mesa's dynamic market offers promising opportunities. Stay ahead of the trends and make your move today!
[Data Source: Redfin]
Larry, Laurie & Garrett Weichman
714.241.4532
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