Fairview Park in Costa Mesa CA was lucky to receive government money to continue development of the wetlands and riparian habitat.
An update is posted here:
Unfortunately, foreclosures are still a part of our local Costa Mesa market.
Last year, the nationwide stats were recently published, and more than 2.8 million U.S. properties received a foreclosure filing in 2009, an increase of 21 percent from 2008 despite an estimated shadow inventory of more than 1 million properties where foreclosure has been delayed, according to the 2009 year-end report from RealtyTrac. Since the beginning of 2007 close to 6 million U.S. properties have received a foreclosure filing, and more than 2 million properties have been repossessed by lenders through the foreclosure process.
How do we fare locally in Costa Mesa? We are on par with percentages - at one point last year, approximately 45% of all homes were financially distressed. That is to say they either were short sales (with a notice of delinquency posted) or were a bank-owned property that had already gone through the foreclosure process.
Costa Mesa currently has about 167 homes for sale (Active- not in escrow), which is a pretty low number historically for this time of year. Low inventory is still a problem.
Of those 167 homes for sale, 59 are somewhere in the foreclosure process or bank-owned homes. That give us about 35% of current inventory, which is a big improvement from the 45% last year.
Hopefully this continues! California typically leads the market nationally for recovery, so we have high hopes for 2010.
Colin Delaney
714-743-9882
I'm starting a series this week with some of my favorite christmas lights from houses around Mesa Verde in Costa Mesa CA.
Neighborhood by neighborhood, I will post some of my favorites:
In the Balearic neighborhood, here are some great ones:
And the winner is......(this is in the opinion of my 5 year old, you will have to go check them out for yourself!!)
As always, if you have questions about real estate in Mesa Verde (or anywhere else in Costa Mesa), I'd be happy to be part of the conversation, and if you have questions, need real estate advice or want to buy or sell a home, you can call or text me at 714-743-9882, email me at Colin@VerandaHomes.com or contact me at the office at 714-743-9882!
Your Friend in Real Estate,
Colin Delaney
Veranda Homes
Search for Costa Mesa Homes for sale at www.CostaMesaEstates.com
Costa Mesa Real Estate and Costa Mesa's Favorite Realtor
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