Huntington Beach Market Report January
Zip Codes: 92646, 92647, 92648, 92649
People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are at historic lows, and home prices have come down to what many people feel are more affordable. Let’s check the facts directly off the MLS.
There were 280 SFR and 192 condo active listings as of January 30th, 2012 for all of Huntington Beach. There were 137 closed sales for both SFR and Condos in December with an average 108 days on the market. How does this compare the same time last year? There were 120 closed sales for SFR and Condos last December with an average of 102 days on the market. 89 properties that sold this January were a result of a distressed state, (NOD, Foreclosure, SS, REO.) Again, I feel the uncertainty of the economy and continued unemployment situation is having an impact on what could be a robust and healthy turn around in the housing market. The issues in Europe are something to keep our eye as well as it may have an affect on our economy as well.