Six Month Update: 9/2011 thru 02/2012
Condo & Townhome Market
The condo & townhome market in Huntington Seacliff struggled through the last six months:
The sales volume was down 11.76%, the average sale price was down 9.77%, the average sale price per square foot was down 17.49%, and the average days on market was up 39.13% compared to the same period last year.
Several short sale and distressed sales in fair to poor condition lowered the price per square foot in the last six months. The sale prices do not reflect the added money many buyers spent in fix up costs.
However, the market seems to be picking up so far in 2012… buyers seem to be responding to the lower interest rates and prices.
Single Family Market
The single family home market in the Huntington Seacliff area had mixed results in the last six months:
The sales volume was down 25% The average sale price was down slightly 3.02%, the average sale price per square foot was UP slightly 0.31%, and the average days on market fell 14.39%
Prices are stabilizing in Huntington Seacliff and there would likely be more sales if the inventory was greater.
Buyers have complained to us in recent months of lack of inventory.
This spring is a great time to sell a Huntington Beach home!
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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