The Los Angeles Times recently reported refreshing numbers for the Southern California real estate market, showing optimistic gains in high end purchases. There was an 18% increase in sales from September of this year, which is also a 25% gain from October 2011, marking a five year high record for October.
The dominant source of the boost comes from higher end properties and neighborhoods, which account for nearly 80% of this upward movement. The market is still ripe with foreclosed homes that have made it possible for buyers to truly aim high and get the most out of their investment. All this good news immediately applies to the Huntington Beach real estate market!
Currently, the median days an active Huntington Beach home for sale stays on the market is 71 days, which is a much shorter amount of time than the national average. Where Huntington Beach has a leg up on other areas is that the supply has yet to exceed the demand.
However, these short turnover times are also a sign that home buyers are having no problems finding their dream homes. Another perk for the area is that homes for sale in Huntington Beach have a healthy mix of new developments and newly remodeled properties.
If you are interested in learning more about homes in Huntington Beach, please feel free to contact me. I’d be delighted to share with you all of the great real estate opportunities that currently exist in our wonderful beach city!