Huntington Beach Market Report November

By
Real Estate Agent with Westline Real Estate BRE# 01379108
https://activerain.com/droplet/nWf

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 321 SFR and 201 condo active listings as of November 30, 2011. There were 102 closed sales for both SFR and Condos in November with an average 101 days on the market. How does this compare the same time last year? There were 116 closed sales for SFR and Condos in November with an average of 92 days on the market. 35 properties that sold in November 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.

 

 

Active - 321 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Min

2

1

588

$249,000

$188.73

$0

$0.00

0.00%

0.00%

1

Avg

3.7

3.00

2345

$982,875

$398.52

$0

$0.00

0.00%

0.00%

115

Max

6

6

6429

$5,900,000

$1,311.11

$0

$0.00

0.00%

0.00%

884

 

Active - 201 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Min

0

1

0

$89,000

$0.00

$0

$0.00

0.00%

0.00%

0

Avg

2.1

2.00

1259

$399,023

$307.22

$0

$0.00

0.00%

0.00%

97

Max

5

6

4142

$1,850,000

$955.58

$0

$0.00

0.00%

0.00%

472

 

Closed Sale - 102 Properties Found

 

Bedrooms

Baths

Square Feet

List Price

LP/SqFt

Sale Price

SP/SqFt

SP/LP

SP/OLP

DOM

Min

1

1

478

$89,000

$105.58

$90,000

$106.76

83.00%

63.00%

0

Avg

3.1

2.50

1803

$612,036

$335.35

$592,590

$326.20

97.00%

101.00%

101

Max

5

5

4400

$2,295,000

$655.71

$2,150,000

$696.78

132.00%

963.00%

413

 

 

Thank you,

Alan Adamo NAR, CAR, OCAR
Westline Real Estate - REALTOR®
westlinerealestate.com
714-726-5429

Posted by

Alan Anthony  NAR, CAR, OCAR
Westline Real Estate - REALTOR®
CA BRE# 01379108
www.westlinerealestate.com
714-726-5429 Cell

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Rainer
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Bob Davis
Right Move Real Estate - Huntington Beach, CA

Great point of view on the current market here in Huntington Beach.

Dec 08, 2011 06:15 AM #1
Rainer
116,553
Alan Adamo
Westline Real Estate - Huntington Beach, CA
Your Huntington Beach REALTOR®

Thanks Bob!

Dec 09, 2011 06:12 AM #2
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Rainer
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Alan Adamo

Your Huntington Beach REALTOR®
Call me if you have questions about real estate in surf city
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