Costa Mesa Real Estate & Homes for Sale in California
Costa Mesa has evolved from humble origins as the grazing ground for cattle belonging to the Mission San Juan Capistrano into one of the leading cultural and business centers of Orange County. Ideally located just 37 miles south of Los Angeles and 88 miles north of San Diego, Costa Mesa offers more than 110,000 residents a warm, moderate climate and easy access to state highways 55 and 73, Interstate 405 and many of Orange County's major attractions. The city is just a short drive away from Disneyland and Knott's Berry Farm as well as mountain areas and high and low deserts. The southernmost border of Costa Mesa is just one mile from the Pacific Ocean and when the wind is blowing in off the coast, residents can smell the salty ocean air and the tang of wood smoke from beach bonfires.
Costa Mesa Real Estate Market & Home Prices in California
The real estate market in Costa Mesa is diverse and offers townhomes and condominiums as well as single-family detached homes. Condominiums and townhouses are available from the $500,000s to over $1 million for large newer properties featuring patios and attached garages. Single-family homes are priced starting in the $600,000s for 3-bedroom homes with fenced yards. Homes can exceed $4 million for estate properties on large lots. Some of these homes feature scenic city, ocean, greenbelt, hill or mountain views and amenities such as swimming pools and spas. Some real estate properties are located in country club communities and offer golf course estate views and frontage. A very limited amount of land is available for custom home building.
Costa Mesa, California Average Home Sizes and Asking Prices
Costa Mesa Real Estate Stats and Trends for the week of March 28th, 2020: homes priced around $1,201,511 compared to $1,214,476 the previous week, showing a decrease of less than -1%. For Saturday, March 28th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.