Downtown Huntington Beach Market Update

By Scot Campbell, Realtor – June 10, 2012

The Downtown Huntington Beach market has turned for the better!  Both the single family and attached home markets have improved significantly:

Single Family Homes

During the first five months of 2012 there were 66 single family homes sold in the Downtown HB area compared to just 40 in the same period last year… that is a 65% increase in sales volume.  The average days on market fell from 116 days to 86 days.  The Average Discount from Original List Price fell from 9% to 7%, and the Average Sale Price increased from $927,382 to $938,694.

Attached Homes

During the first five months of 2012 there were 28 attached homes sold in the Downtown HB area compared to 22 in the same period last year… that is a 27% increase in sales volume.  The average days on market increased from 134 days to 157 days.  The Average Discount from Original List Price fell from11% to 9%, and the Average Sale Price increased from $476,490 to $537,064.

There is no question that today’s rock bottom mortgage rates are stimulating both home sales and the price level.   The mortgage rates cannot stay down forever… so now is a great time to buy or sell.

For questions about buying and selling real estate in Orange County, contact Scot Campbell.  He is the President of The Scot Campbell TEAM at Coldwell Banker-Campbell Realtors in Huntington Beach, CA.  He has been a licensed broker for over 21 years and has brokered over 1000 homes and just about every type of transaction imaginable.  Read his profile and client reviews at www.ScotCampbell.com   He can be reached at 714-960-0700 at the office, 714-336-0394 on his mobile number or via email at Scot.Campbell@ColdwellBanker.com

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