The median prices of new and resale houses and condos in Costa Mesa climbed 5% in June 2006, compared with June 2005 figures.
Newport communities ? except Corona del Mar, which showed a 1% increase ? showed a slump in the prices of new and resale houses and condos sold in June, with Newport Coast decreasing more than 5%. Firsttime buyers competing for entry-level housing in Costa Mesa, Galitski said, may be driving prices up. Speculators may also have an effect on the sliding prices in Newport Beach, Galitski said.
WEEK OUT
PUBLIC SAFETY
Drive-by shooting leaves 1 dead, 4 wounded
A Costa Mesa neighborhood was shocked by a violent shooting that resulted in one man's death and the injuries of four others Wednesday night. As of Friday, police had not arrested a suspect and had provided little information about the events that night.