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In Orange County’s hot residential real estate market, multiple offers are commonplace and often come in well above the asking price.
Valerie Torelli, founder of Costa Mesa’s Torelli Realty, recently represented a buyer who made one of 48 offers, according to the home’s listing agent, Fred Sed of Keller Williams, Irvine.
Torelli recalled a weekend earlier this month when a house on Magnolia Street in eastside Costa Mesa drew “54 showing appointments in 15-minute increments where clients and agents stood in line. The house was listed at $999,900, and sold for $1.375 [million] within three weeks of listing.”
With no open houses allowed because of pandemic restrictions, the only way to physically view a property is to first make an appointment online.
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For local Realtor Valerie Torelli, celebrating Easter in Costa Mesa is usually cause for mass egg-citement.
That’s because, since she opened Torelli Realty in the city’s Mesa Verde neighborhood in 1986, the business has sponsored a number of community events, most notably Costa Mesa’s annual “Torelli Realty Egg-Citement Easter” celebration.
The springtime spectacle typically draws upward of 500 people to Tanager Park with a dizzying array of activities, from train rides to bounce houses to egg hunts for kids big and little that register on the scale of chaos somewhere between “mad dash” and “absolute free-for-all.”
“Bands would play, schools would participate. We’d have the Easter bunny,” Torelli recalled in an interview. “It started out small but then we just took over the whole park.”