Rental prices in Huntington Beach have been fairly stable over the last year. However, I do expect that the rental demand for older apartment buildings to drop significantly by the end of summer, as a large number of currently under-construction luxury apartments are completed.... more
I would describe Huntington Beach as a Sellers market because the median sales price in February of 2012 was $279,000 compare to the medium sale price of February 2013 which was $415,000. an increase of around 48.7%. Days on the market have also decreased compare to the previous year from 146 to about 81. That said the desirability of this coastal gem has been increase by the uptick in buyer demand and boomerang buyers. If you have any additional questions please feel free to contact me, my answers are free.
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"Andres Can Help"
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I'll let your local agent s answer with specifics, but I am seeing this in New Jersey as well, in the lower price points - even well priced homes in the mid to upper prices, short sales and traditional deals. I am working with a couple that finally has an acceptance after missing out on four or five homes.
Be quick on your feet, act decisively and also include traditional sales in your mix, because short sales are so uncertain and time consuming.
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No one can predict the future, but my bet is that all homes will continue a downturn until the federal government figures out what they are going to do with all the toxic loans that banks have on their books.
Wright Realty Partners