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Costa Mesa Real Estate Minute October 17, 2008

South Coast Metro is an area that encompasses both Costa Mesa and Santa Ana. However, the South Coast Metro area in Costa Mesa usually refers to the area east of Bear Street and north of the 405 (San Diego Freeway). It is at the junction of Orange County's 55 and 405 freeways. It is the area of Costa Mesa closest to South Coast Plaza. In this unique neighborhood, premier office space and world class shopping vie with first class dining and performing arts venues to form a cosmopolitan blend of culture and business.

The Market Report for South Coast Metro is below:

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Based upon general definitions, it appears that the South Coast Metro area of Costa Mesa should be in a Sellers' Market though it still appears to be a Buyers' market. Given all that is going on in the credit market and the banking industry, we are in an unusual time and will have to see what happens over the next few months as things hopefully begin to stabilize.

For more information, please visit Costa Mesa real estate. For more information on Costa Mesa homes or the value of a particular home please visit Costa Mesa home values

Click for a free list of Orange County foreclosures or a free list of Orange County short sales or e-mail Me!

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About the author: Christine Donovan is a California Residential Real Estate Broker with experience in assisting clients buy and sell residential real estate.

Are you upside down in your home? Is it worth less than you owe? Are you concerned about making your mortgage payment? Contact me at christine@donovanblatt.com or 714-319-9751 to discuss your options.

Want to buy a home or to list your property for sale in Newport Beach, Costa Mesa, Huntington Beach or Orange County? Contact me at christine@donovanblatt.com or 714-319-9751 to learn about her system which will make your buying and selling experience easier.

Click Orange County homes for sale to view all OC homes for sale. Copyright © 2008 by Christine Donovan, All Rights Reserved. Costa Mesa Real Estate Minute October 17, 2008 - South Coast Metro Costa Mesa Market Report.

Posted by Christine Donovan Costa Mesa Real Estate Broker/Attorney 800-610-7253 DRE01267479 on 10/18/2008 01:03 AM

Comments (4)

Costa Mesa Real Estate in the ActiveRain Channel

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Originally posted at: Costa Mesa's Neighborhood Blog: Costa Mesa Real Estate Minute October 17, 2008

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4 Comments on Costa Mesa Real Estate Minute October 17, 2008

OCT

2008

Christine excellent work with your market report. This is the kind of information that is terrific for a consumer considering your area to have. It is readily apparent that you are the local expert.

Want to make sure your clients and readers know there is still PLENTY of money to lend to home buyers...and at GREAT RATES.

I keep seeing articles and news pieces about the "credit markets seizing" and want Christine's buyers to know this is not so for home buyers. It only applies to some (not all) commercial lines of credit. Mortgage money for individuals is plentiful and very affordable for buyers who have OK (doesn't have to be perfect) credit and who buy a home that is reasonable for their income. The "crazy money" is gone (loans for people with horrible credit, no down payment and who didn't document their income and assets), thankfully, but the average home buyer in America still can get financing easily. Many communities even have programs with 100% financing for first time home buyers.

There may never be a better time to buy in our lifetime than now! Low rates and a temporary dip in prices make NOW the PERFECT time for those wise enough to take the opportunity.