Mira Mesa homes for sale are marked both by their price range and their limited supply. As of this point, the most expensive homes in the area are limited to four (4) months of inventory. This is clearly a seller's market.
Surprisingly (or not), Mira Mesa home prices did decline 2.6% on average during 2009. However, it appears that the bottom has already been hit.
Based on the current statistics, I should expect that we will see a substantial price increase across the board this spring / summer. I doubt that the first-time homebuyer tax credit expiration will have much of an effect. More likely to affect values will be the unleashing of foreclosures on the market, but the banks have been reticent to do so up to this point.