Huntington Beach Real Estate Market

The Huntington Beach real estate market isn’t all that different from most popular locations about the Golden State. In fact, it’s pretty much in-line with what professionals in and out of the area would expect. As with other highly desirable places to live, the Huntington Beach residential real estate market is no exception when it comes to key factors. So, let’s take a quick look at the Huntington Beach real estate market and what trends just might emerge over the coming months.

Huntington Beach Real Estate Market

Located to the southeast of Los Angeles, Huntington Beach is well-known for its surf. Actually, that’s its main draw. But, there are certainly other attractions. It is not only popular for surfers, but also, a great place for families. For example, Huntington Central Park boasts lush gardens, big fields, as well as its own equestrian center.  Plus, there’s the Bolsa Chica Ecological Reserve. Here, visitors can explore the natural beauty of the wetlands and enjoy all kinds of animal encounters, particularly birds.

The Huntington Beach real estate market is a highly active one. Over the course of last three years, it experienced a fairly steady upward trend in the median listing price. Today, the median listing price is still over what it was back in March of 2015, but near its peak in June of last year.

The median days on the market show no real predictable signs. The lowest point occurred back in April 2015, with just 36 days. That figure spiked substantially in December 2015 and then again in January 2017, at 75 day and 73 days, respectively. However, in December 2017 and February 2018, the median days on the market fell to 50 and 40, respectively, with a temporary upturn in January 2018 of 59 days.

All totaled over 1,800 homes sold in Huntington Beach during 2017. This, compared to just over 1,400 in 2008. By 2012, that figure rebounded to more than 2,000 closed residential real estate transactions.

So, what does all of this mean for buyers and sellers in Huntington Beach? Well, it means with over 400 active listings and the median listing price creeping slowly up, that it’s time to sell for a solid ROI or buy to lock-in housing costs at near record low-interest rates. The Federal Reserve will incrementally increase rates through the year, stepping away from quantitative easing.

Sellers can take advantage of low inventory while buyers can benefit from low rates and less restrictive approval standards Article courtesy of McVeigh Properties. Your best choice for Huntington Beach Real Estate