4 Surf City neighborhoods on Top 10 price reduction list

December 23rd, 2008, 3:00 pm · 2 Comments · posted by Marilyn Kalfus, real estate reporter

Huntington Beach is one of the top 10 cities in Orange County for listing-price reductions, according to a Redfin study, and four Surf City neighborhoods dominate Redfin’s new top 10 list of Orange County neighborhoods with the most listing-price reductions in the past three months.

“If you’re looking for sellers that might be more willing to negotiate a lower price, these would be the places to look,” Redfin says.

(The percentages in the chart below represent listings with prices dropped before homes were sold or removed from the market.)

Most reduced listings	%
Pico Lowell (Santa Ana)	57%
Santa Ana	57%
Northwest Huntington Beach	58%
Orange Foothills	58%
North Harbor (Santa Ana)	58%
Oak Creek (Irvine)	59%
Old Town Huntington Beach	62%
El Modena (Orange)	62%
Downtown Huntington Beach	63%
Huntington Harbour	69%

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Surf City home "mood ring"

For the 22 business days ending Oct. 16 -- DataQuick's freshest stats -- we tap into Surf City's homebuying mood with how local ZIPs fare vs. a year ago! ZIPs with GAINING median prices and sales are GREEN while MIXED trends are YELLOW and FALLING prices and sales are RED!

ZIP	Price	Ch.	Sold	Ch.
92646	$477,000	-14%	59	+40%
92647	$530,000	-3%	32	+10%
92648	$693,500	-6%	46	-4%
92649	$668,500	+14%	31	+7%

Overall O.C. home trends are HERE!

aksteve says:

December 23, 2008 at 11:34 pm

Can someone tell me where “Old Town” Huntington Beach is?

And Harbour with s “u”, that always cracks me up @:-)

Mark says:

December 24, 2008 at 8:11 am

Ya, “Old Town”? Thats New. Not much left of the old. The City doesn’t understand or seem to care about the historic icons of the city. If you look at the old pics of HB there use to be a lot of very nice old buildings. None to be found now. Good new anyways on the price reuction in the city. Its time prices come back to normal levels.