How many H.B. sales are distressed?

November 19th, 2009, 1:00 pm · 2 Comments · posted by Marilyn Kalfus, real estate reporter

Real estate broker and attorney Christine Donovan, who researched the numbers in this report, calls it her “Huntington Beach real estate minute.” Tick, tick, tick …
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Active listings: 426 properties

Type	#	Min. $	Max. $
Single family	272	$399,000	$5,950,000
Condo	154	$149,900	$1,299,000

In escrow: 339 properties *

Type	#	Min. $	Max. $
Single family	218	$340,000	$2,675,000
Condo	121	$125,000	$1,400,000

*Bank owned: 26; short sale/in foreclosure: 161

Sold: Nov. ‘09: 47 properties **

Type	#	Min. $	Max. $
Single family	30	$460,000	$2,875,000
Condo	17	$119,000	$860,000

**Bank-owned: 5; short sale/in foreclosure: 9

Source: Info from SoCalMLS as of 11/15/09

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Surf City home "mood ring"

For the 22 business days ending January 8 -- 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	$610,000	+6%	38	+9%
92647	$493,500	-1%	28	+8%
92648	$678,500	-16%	34	+17%
92649	$935,000	+8%	20	-17%

Overall O.C. home trends are HERE!

Quigley says:

November 19, 2009 at 8:42 pm

Hardly anything on the market, peeps competing for slow-acting short sales and bidding up the few foreclosures that come on the market.
The lack of inventory is really shocking. A normal listing amount is around 1200-1500 for the HB.

Carlos says:

November 19, 2009 at 11:26 pm

Foreclosure is the Only Best Option in Orange County and California. The worst has yet to come. Wait until 2010, there are more foreclosures.

Orange County Register