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Hey, there. This is Jeb Smith, Coldwell Banker Residential Brokerage in Huntington Beach, and I’m back with your July 2019 real estate market report for Orange County and Huntington Beach.
We’re in the middle of summer right now. Historically, we’re past the best time to list your home on the market and get the most amount of money. As we’ve discussed in prior videos, that time is normally sometime between April and May, getting the most amount of money, selling it quickly.
During this time of the year, we are generally starting to see inventory levels rise, buyer demand back off a little bit as we proceed towards the end of summer. And this year’s not really that much different, other than what we’ve seen lately is we’ve seen a huge drop in interest rates, which has stimulated buyer demand. So buyer demand has started to pick up a little bit where normally it would have trailed off. We’ve got more buyers coming back to the market.
While inventory levels have picked up, there are still not an exorbitant amount of listings on the markets. There are certain price points, primarily in Huntington Beach, if your house is under say $800,000 or $850,000, those homes are moving very, very quickly. They’re selling for top dollar, a lot of times with multiple offers. And it’s like nothing’s changed in that price point.
Now as you continue to move up in price, which we’ve discussed in the past, those properties are starting to sit on the market longer, but those homes are also selling. It’s taking them longer to sell, but those homes are still moving. So the market, while a lot of people expected this big trail off in the market or the market to just kind of sit, that really hasn’t taken place, at least locally in Huntington Beach.
There are more and more properties continuing to come to market. In fact, I have a couple that are coming over the next couple of weeks, and they’re in kind of that sweet price point, so I expect them to sell relatively quickly, and probably for top dollar.
If you’re thinking of selling, you may not have missed the best time to do that. I would love the opportunity to help. If you’re considering putting your home on the market or you have questions about the process, you can always reach out to me directly. It is important that you are working with a professional real estate agent in the industry, so whether it’s me or someone else, make sure you’re working with a local professional to help you get the most amount of money for your house, and somebody that can guide you through that process.
If you’d like more information about me, check out my website, jebsmith.net, or my other videos here on YouTube. As always, appreciate you taking the time to watch and we’ll see you again soon. Bye-bye.
Other videos you might find helpful:
How much does it cost to sell a home? – https://youtu.be/v6PR1gIvIA8
How Much Deposit Do I Need To Buy a House? https://youtu.be/6OUqU919cpo
What does contingent mean in Real Estate?: https://youtu.be/_yq2tlynSzA
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