It would take 4.1 months to sell the 656 Huntington Beach homes listed for sale in the brokers’ MLS database at the current sales pace of 160 new escrows by buyers in the past 30 days.
That’s the word from a report, as of Oct. 2, from Steve Thomas at Altera Real Estate in Aliso Viejo.
Surf City’s latest “market time” — Thomas’ math comparing supply of home sfor sale vs. the buying pace — compares to 3.8 month two weeks earlier and 4.5 countywide. Here’s how the market breaks down, Huntington Beach vs. O.C. …
| Stat | H.B. | O.C. |
|---|---|---|
| Active listings | 656 | 12,940 |
| New pending escrows | 160 | 2,847 |
| Market iime (in months) | 4.1 | 4.5 |
| • 2 weeks earlier | 3.8 | 4.4 |
| • 4 weeks earlier | 3.9 | 4.8 |
| • 1 year earlier | 11.8 | 16.0 |
| • 2 year earlier | 6.9 | 7.8 |
| Avg. active list price | $921,000 | $927,000 |
Other real estate news …
- Irvine Co.’s Bren loses $1 billion! Maybe.
- O.C. house shoppers face smallest supply in 18 months
- Wall St. woes could smack Newport Beach
- O.C. home values ranked 7th in nation
- O.C. foreclosure starts plummet amid new law
- Homebuying doubles or more in 17 O.C. ZIPs
- O.C. home inventory lowest since March 2006
- Early Sept. home sales take biggest jump in 5 years
- O.C. housing premium falls to 2002 level
- Newport Beach tops U.S. for housing costs
- BofA settling Countrywide’s Calif. suits for $3.5 billion
- Huntington Beach looking brighter than a year ago, broker says
Worried about your money in these troubled times …
- O.C. economist: Time to start buying good stocks
- Credit expert: Fed rate cut won’t help consumers
- O.C. investment experts say don’t buy yet — but get ready
- Yikes! What do I do with my money now?
- Should I bail on my 401(k)? Is my savings safe in my bank?
Steve! Get help now!
http://www.bettyfordcenter.org/
A mind is a terrible thing to waste…………nevermind, you’ve lost yours.
I don’t know what is up with the new spam filter, but it blows.
Max O…
That is all very interesting, but I’m still not totally on board with this….
customer countrywide com…
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