June 2017 Huntington Beach Real Estate Market Report
Good afternoon. I’m Jeb Smith, Real Estate Broker with ReMax Terrasol here in Huntington Beach with your southern California Real Estate Market Report for June 2017. We are currently in the midst of our Summer Selling Season with housing inventory at the lowest level in almost 5 years.
With the summer season, we typically see more property for sale but this year has been a bit different with the available homes for sale at super low levels by historical measure. Buyer demand is continuing to outpace any uptick in new homes coming to the market so in turn our inventory levels can’t catch up and Buyers continue to struggle to find the perfect home. As a Seller, the best opportunity to sell is when Buyer Demand is high and inventory is low which perfectly describes the current market we are experiencing. If you are a Potential Seller, there are 2 factors that will help you get your home sold quickly and for top Dollar. The 1st is to use an experienced REALTOR who knows the current market and secondly and likely the most important is to price your home correctly.
Where does the market go from here? I personally believe that our market will continue to move sideways to up as Buyer Demand stays high and inventory remains at anemic levels. Rates and loosening guidelines continue to help Buyers obtain financing and this will likely continue for the next few years. As of now, our market has been built on qualified Buyers with down payments so the thought of a bubble bursting isn’t really in the cards. If you are a Buyer considering getting in the market, I would love to discuss your real estate goals in more detail and help guide you in the right direction.
As you know, all Real Estate is local, so if you are a Buyer, Seller or Investor in Today’s market and you have questions, I would love the opportunity to help guide you in the right direction. If you would like more information about me, please go to my website www.jebsmith.net or check out my other videos on YouTube. As always, I appreciate you taking the time to watch and I look forward to seeing you again next month. Make it a great day.