March 4th, 2013 by Huntington Beach Realtor – Scot Campbell – Source: Realtor MLS
The inventory of available homes for sale is one way to judge the health of the market and, the above graph shows that the turn in the Huntington Harbour market became evident in July 2012. From that month forward, the number of homes for sale in both the harbour and in Huntington Beach as a whole has been has been much lower.
Although there are fewer homes to choose from, more Huntington Harbour homes are selling in the last 12 months compared to the previous 12 months. How is how these two periods compare:
For the 12 months ending February 28, 2013 compared to the same period last year:
Total Closed Home Sales are up 19.6% and the Average Sales Price is up 12.77%.
Here is the breakdown for attached and detached homes in Huntington Harbour:
Attached home sales increased 10.5% to 63 units. And, the average sale price increased 13.88% to $588,656.
Detached home sales increased 23.1% to 64 units. And, the average sale price increased 11.43% to $1,497,817.
The highest priced home sold in Huntington Harbour in the last 12 months was $3.8 million, and the highest in the previous 12 month period was $3.5 million. Overall, we are seeing many more of the waterfront homes selling!
In short, now is a great time to sell a Huntington Harbour property. There are very few homes on the market, buyers are looking, prices are up, and homes are selling more quickly.
For questions about buying and selling real estate in Huntington Beach and Coastal 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 22 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