Many people say that there is no better time than the present to sell your home. Well, when it comes to the current market in Huntington Beach...I would have to agree! Currently, the inventory of homes for sale in Huntington Beach (as well as Orange County in general) is the lowest we have seen in years. That fact, as well as the current crazy low mortgage rates, makes for an AWESOME time to sell in the Huntington Beach area. Spring is in the air and buyers are waiting in the wings.
Need more convincing?
Well, here are the facts: (According to February 2017 Home Sales)
* Total Huntington Beach home sales have increased 6.6% from last month at the same time of this year; up 9% from the same period last year.
* Average days on market is only 45 days in February - homes are selling very quickly!
* According to Trulia, Huntington Beach market trends indicate an increase of $35,000 (5%) in median home sales over the past year. The average price per square foot for the same period increased from $435 to $469.
* Rates are currently still very low, 4.44% for a 30 year fixed rate (Bankrate.com). But, they are rising, so now is the time to get your house in front of buyers!
So, in conclusion, it is DEFINITELY presently a seller's market in Huntington Beach and Orange County. As my ECON 101 professor would say, "it's all about supply and demand." The supply (listings) is low, and the demand (buyers) is high. So, if you want to take advantage of such an AWESOME seller's market and sell your home quick for top dollar, you should consider listing ASAP!
Be Smart - Be Informed.
Real Estate Expert
First United Realty