Huntington Beach, CA Market Update for July 2006
Here are the latest real estate market statistics* for Huntington Beach, CA. This is for single family and condos. The percentage of homes on the market, where the asking price has been reduced: 50.2%**
| Average | June 2006 | July 2006 | % Change |
|---|---|---|---|
| Asking Price | $874,148 | $870,363 | -0.4% |
| Sales Price | $860,598 | $839,864 | -2.4% |
| % of Asking Price | 98% | 96% | -2.0% |
| $/SQFT | $513 | $457 | -10.9% |
| Days on Market | 81 | 94 | 16.0% |
| Total Transactions | 127 | 103 | -18.9% |
* As of 8/15/2006: All numbers are from the MLS and are deemed reliable but not guaranteed. ** Market numbers as of 8/6/2006: 1,025 properties on the market with 515 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.
Search for homes in Huntington Beach, CA. Read more about neighborhoods in the Huntington Beach, CA area.
Prices in South Orange County have leveled off and are now starting to come down. Contrary to the forecast of many Orange County economists, the prices have not plummeted, just stalled out for the time being.
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Posted by: Barrett Niehus | August 30, 2006 at 11:04 PM