Huntington Beach Market Update for April 2011 - Single Family Residences

 Huntington Beach Real Estate seems to be a little sluggish at best. Only 85 Single Family Residences (SFR) closing in the month of April. There are stil 409 active on the market. These numbers represent all SFR coded properties including standard sales, short sales and foreclosed properties. Looking at the properties that are in escrow there are 200 SFR's  with about 2/3 of those still marketing in a back-up status. The back-up status simply means that the agent is still marketing the property actively. This could be the chosen status due to the contingencies of the purchase agreement have not been removed. Usually once the contingencies have been removed then the property will be moved into a pending status, which then the marketing of the property stops and everyone keeps there fingers crossed that the transaction will close.  Here is a break-down of the numbers for April 2011: