How’s the Huntington Beach Market for Single Family Homes?

Huntington Beach Single Family Homes January 31, 2012 Update

By Scot Campbell– February 6, 2012

Ground Hog Day is past and the unofficial beginning of the spring home buying season is upon us.  So, will there be six more weeks of “housing market winter” or will spring be sprung early?

You will be pleasantly surprised to hear that the number of Huntington Beach single family closed sales in the first 31 days of 2012 is higher than 2011… nine more sales this year than last, which is a 16.07% increase.

The average price per square foot was down 5% from 2011 to $335.41. 

The average days on market fell from 115 to 101.

The average discount from original list price was just 6% compared to 8% in 2011.

So, the market statistics are all improving except for average price per square foot… will this be the transition year for prices?  It is too early to tell… but I will be reporting again in about 30 days.

This spring will be a very good time to buy and sell as mortgage interest rates offer an affordability window which lets buyers lock in a low payment and sellers find a ready, willing, and able buyer.

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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