H.B. home sales down 10% over last November

December 16th, 2008, 12:30 pm · Post a Comment · posted by Marilyn Kalfus, real estate reporter

For calendar month November , DataQuick’s freshest homebuying stats show these trends in Surf City:

• City sales totaled 100 — that’s -10% vs. a year ago. Countywide, sales were +39% vs. a year ago.

• Of the city’s 4 ZIP codes, 1 had sales gains vs. a year ago while none had a gain in median selling price vs. a year ago.

• 3 of Huntington Beach’s 4 ZIP codes beat the -31.4% overall performance of the countywide median for the past year.

For some recent historical perspective, sales in the city averaged 248 sales a month in 2005. That fell to 160 in 2006.

Here’s how the latest DataQuick report breaks down Surf City ZIPs; change is vs. a year ago:

HB ZIP	Median price	Yr. chg.	Sales	Yr. chg.
92646	$490,000	-21.0%	28	-12.5%
92647	$490,000	-22.7%	26	+13.0%
92648	$737,500	-12.2%	32	-3.0%
92649	$550,000	-32.0%	14	-39.1%
• All O.C.	$400,000	-31.4%	2,177	+38.9%

• For more on overall Orange County homebuying trends, CLICK HERE!

(In case anyone is wondering how sales could be up 11% in late November and down 10% for the month of November, remember, the data for sales as of Nov. 21 was for the 22 business days leading up to Nov. 21 — which included some of October.)

DataQuick, in a news release, adds a caveat:

“November also had an unusually low number of business days when transactions could be recorded. Most counties had 17 business days last month, compared with 22 in October and at least 19 in most Novembers over the past 20 years. In most counties, the Thanksgiving and Veterans Day holidays resulted in three fewer business days last month, plus this November started and ended on a weekend.”

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