by Huntington Beach Realtor – Scot Campbell – 11/02/2013 – Source: Realtor MLS
Comparing closed sales, sold price, price/square foot, and average days on market for the period January thru October 2013 to the same period last year, we can see that the market has really improved in most aspects:
The total number of houses, townhomes, and condos closed is down about 2.5% compared to 2012. However, this is not a surprise due to the relatively low level of homes offered for sale during much of 2013. The 1.5% increase in interest rates which started in May also acted to suppress the sales volume.
The average sold price of all Huntington Beach homes increased 12.7% and the average price per square foot increased 13.6%. Days on market dropped by 33 percent.
Despite the lower number of sales so far this year, there is good reason to believe sales activity will finish the year strong. Many buyers took a break from home shopping when mortgage rates went up. But mortgage interest rates have fallen nearly ½ percent since early September and Jumbo Mortgage rates now have the smallest spread (over the conforming rate) we have seen in many, many years. Buyers are looking to take advantage of the low rates before they increase again… they just need to find a home to buy!
The current market conditions make November & December of 2013 a great time to list & sell a home in Huntington Beach and Coastal Orange County. If you know anyone thinking of selling, please suggest they visit my website: ScotCampbell.com
|January – October||Units||From||SOLD||From|
|2012 Vs. 2013||Sold||2012||Price||2012|
|All HB Homes||1,530||-2.5%||$690,012||12.7%|
|Houses, townhomes, & condos in HB (Not leased land, Not 55+ age restricted)|
For questions about buying and selling real estate in Huntington Beach and Coastal Orange County, contact Scot Campbell.
Scot is a Previews Property Specialist, has been a licensed for over 27 years, and has brokered over 1000 homes… including just about every type of transaction imaginable.
Read his profile and client reviews at www.ScotCampbell.com
He can be reached at 714-336-0394 (cell/text) or via email at Scot.Campbell@ColdwellBanker.com