The market was Up for the month of August and Down from a year ago for the city of Huntington Beach.
New listings taken in August 193 homes, Down by 67 homes (-25.8%), at an average listed price of $821,411 - Down by $13,184 (-1.6%) from last month.
Closed Sales in August: 121 homes, Down by 9 homes (-7%) at an average Selling price of $723,437 - Up by $9,994 (+1.4%) from last month. The average home sold for 91.4% of the original asking price and sold in 62 days, same as last month.
August 2008 average sales price for Huntington Beach was Down by $131,136 (-15,.3%) from the same time a year ago and the number of sales were Down by 19 homes (-13.6%) and the average number of days it took to sell them was better by 4 days.
ORANGE COUNTY STATISTICS
The Market was Down for the month of August for Orange County as a whole compared to last month, and Down from a year ago. The number of sales was down by 247 homes (-10%) from last month and Up by 512 homes (+23.1%) from a year ago.
Current total inventory as of August 4th: 13,582 available homes for sale in Orange County, Down by 1,019 (-6.3%) from last month.
New listings taken in August 3,778 homes, Down by 783 homes (-17.2%) from last month at an average listed price of $890,723 - Down by $202,392 (-18.5%) from last month.
Sold in August: 2,218, Down by 247 homes (- 10%) from last month at an average sale price of $708,942 Down by $30,518 (-4.1%) from last month.
August 2008 average sale price for Orange County was Down by $210,644 (-23%) from the same time a year ago.
We sold 512 more homes (+23.1%) in August 2008 than a year ago and it took us 2 more days to sell them.
Comments & Observations: Prices are still coming down in Orange County but not as fast as they were before. We're seeing some months even go up a little. You need to remember these are average figures. It does take at least 3 months to see a trend.
Are you thinking of selling? I can still sell your home in less time and I can help you get the deal of your life, if you're buying!
Buying or Selling, you need an experienced agent. I have over 42 years of experience in Orange County and I know I can help you best! Call me at (800) 224-8983
This report is published at the beginning of each month and reflects the activities of the previous month. The research is done exclusively through the Multiple Listing Service. Figures for the previous month may have been re-adjusted by MLS.
ZIP Codes: 92646, 92647, 92648, 92649 Location Characteristics: Known worldwide as Surf City USA, Huntington Beach is one of California´s best coastal playgrounds. Come to play, come to relax, and come to live in gentle ocean breezes and the amazing beach culture of Huntington Beach. This is my dynamic coastal city. We enjoy a year round sunny Mediterranean-like climate, idyllic setting, and brilliant sunsets. Even though Huntington Beach is home to more than 195,000 residents, it is one of the safest cities in the country, something my neighbors and I take a lot of pride in. The New York Post picked Huntington Beach as one of the top 5 American destinations for teenagers and their parents. Huntington Beach boasts eight and a half miles of scenic, accessible beachfront, the largest stretch of uninterrupted beachfront on the West Coast. I am still exploring all of the beaches Huntington Beach has to offer, and it seems every week I have a new favorite.
Learn more about Huntington Beach and all of Orange County's cities by logging on to www.castlerealtors.com
About Charles Mansur:
Charles Mansur is a broker/owner for Castle Realtors and has been serving Orange County for the past 40 years. He currently has offices in Huntington Beach, Mission Viejo & San Clemente.
Charles offers his clients a most unusual guarantee: "If at the conclusion of your transaction you were not 100% satisfied with the way I conducted my business I will give you back up to half of my commission or the portion you did not feel I deserved to keep, even if the commission was paid by someone else."
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
