In Sept. 2011 there were 642 New Listings in Huntington Beach, 18.3% of which were Short Sales and 7.7% were REOs.
There were 128 closed sales reported in Sept. in Huntington Beach of which 16.4% were Short Sales and 11.7% were REOs. In my opinion, closed sales for HB will continue to slow, partly due to owners pulling their listings during the school season, which is typical for this time of year. Of the sales reported for Sept, the average number of days on the market was 96.
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Closed Sale Sept in HB- 128 Properties Found |
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|
Bedrooms |
Baths |
Square Feet |
List Price |
LP/SqFt |
Sale Price |
SP/SqFt |
SP/LP |
SP/OLP |
DOM |
|
Min |
1 |
1 |
765 |
$150,900 |
$129.42 |
$142,000 |
$121.78 |
82.00% |
9.00% |
0 |
|
Avg |
3.2 |
2.50 |
1809 |
$599,242 |
$323.49 |
$579,226 |
$313.62 |
97.00% |
92.00% |
96 |
|
Max |
6 |
5 |
5000 |
$2,599,000 |
$742.57 |
$2,250,000 |
$642.86 |
105.00% |
108.00% |
464 |
Only 15 OC zips had both sales gains and price gains in the period, 92646 was one…
|
City |
Zip |
Price |
Year Chg |
Sales |
Year Chg |
|
HB |
92646 |
$495,000 |
+33.8% |
53 |
+12.8% |
|
HB |
92647 |
$460,000 |
-16.2% |
25 |
-7.4% |
|
HB |
92648 |
$625,000 |
-13.8% |
48 |
+23.1% |
|
HB |
92649 |
$534,000 |
+2.7% |
24 |
-14.3% |
Orange County Listings and Sales for Sept 2011
According to the MLS, there were 2130 closed sales during the month of Sept. in Orange County. That compares to 2202 closed sales in July 2011 and 2233 closed sales in Sept. of 2010.
Of the closed sales in Sept, about 21% were reported to be Short Sales and about 15% were reported to be REOs.
Current Inventory
The MLS shows a current inventory of 10,836 homes for sale in Orange County. Of these, about 27% are listed as Short Sales and about 6.4% are listed as REOs
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Sales Statistics |
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Most recent recording date for this county is 09/24/2011 |
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Single Family Residence |
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Time Period |
Number of Sales |
Median Sale Price |
|
Jul 2011 |
1,575 |
$500,000 |
|
Jul 2010 |
1,618 |
$520,000 |
|
Jun 2011 |
1,845 |
$500,000 |
|
Jun 2010 |
2,224 |
$520,000 |
|
2011 YTD |
11,456 |
$495,000 |
|
2010 |
19,273 |
$510,000 |
I found this fascinating to know that foreclosure-related sales accounted for 65 percent of all residential sales in Nevada during the second quarter, the highest percentage of any state. In Arizona distressed property sales accounted for 57 percent of sales at a discount of 27 percent. In California the market share jumped to 57 percent, a 12 percent increase over in Q1, returning the state to the same level as one year earlier.
Priciest ZIP? Newport Beach 92662 with a $3,057,500 median selling price.
Cheapest ZIP? Santa Ana 92701 with a $141,000 median selling price.
Overall, countywide sales were up 1.7 vs. a year ago
Thank you,
Alan Adamo NAR, CAR, OCAR
Westline Real Estate - REALTOR®
westlinerealestate.com
714-726-5429
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