More Huntington Beach Homes Selling, and Selling Faster!

 

Huntington Beach Homes Are Selling

By Scot Campbell – Source Realtor CRMLS

The first quarter of 2012 is finished, so it is time for me to review how the Huntington Beach real estate market performed during the month of March and the first three months of the year.

 Detached Residences in Huntington Beach

Comparing the first quarter of 2012 to last year, sales of Detached Homes in Huntington Beach are increased 13.09%, the average sales price is stable, the average price per square foot dropped 3.73%, the average days on market dropped from 115 to 101, and the percentage of distressed sales stayed constant at around 35%. 

When comparing just March 2012 to March 2011, sales of Detached Homes in Huntington Beach increased 13.79%, the average sale price was 3.46% less, the average price per square foot was 3.22% less, the average days on market dropped from 114 to 105, and the percentage of distressed sales stayed constant at around 35%.

So, Huntington Beach detached home sales are on an upswing, and the homes are selling faster than last year.  Prices are down slightly, but with very low levels of inventory in many price segments, it is very possible that the market will regain the ground lost during the last 12 months during the summer selling season.

Attached Residences in Huntington Beach

Comparing the first quarter of 2012 to last year, sales of Attached Homes in Huntington Beach are increased 11.39%, the average sales price increased 6.41%, the average price per square foot dropped 4.99%, the average days on market dropped from 134 to 123, and the percentage of distressed sales dropped significantly from 56.96% to 49.43%

When comparing just March 2012 to March 2011, sales of Attached Homes in Huntington Beach increased 1.45%, the average sale price was 2.07% less, the average price per square foot was 6.87% less, the average days on market dropped significantly from 143 to 98, and the percentage of distressed sales dropped significantly from 55.07% to 45.72%.

So, Huntington Beach attached home sales are also on an upswing.  The time required to sell a property has fallen significantly, and the percentage of distressed properties has fallen by over 15% in March 2012. 

When talking to Realtors out in the trenches showing both attached and detached properties to buyers, the biggest complaint is lack of available inventory. 

So, it is likely that the Sales Volume in March 2012 would have been greater if more properties were on the market.  Presently there are more buyers looking for properties to buy than good salable homes available for purchase.  

This is the best selling season I have seen to put a home on the market in many years.  Interest rates are low, and buyers are very concerned that the rates will go up and they will no longer be able to afford to purchase. 

If you have been waiting to list a primary residence or rental property until the market picked up, all the evidence suggests this is the time for you to list the property(s)!

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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