Realty Digest for Hutington Beach CA October 2018

October / November 2018

Premier location off-water home on Trinidad Island featuring beautiful views of the water, beach, and park: the benefits of on-water with the privacy and security of off-water, the best of both worlds. 4 bedroom, 3.5 baths that includes a downstairs bedroom & full bath, Open Concept kitchen & family room, 3 car garage. New Listing: $1,475,000.

Text 1483 to 85377 for Additional Info & Photographs

Scot Campbell Over 1,000 Homes Brokered Over a 31+ Year Career.

714-336-0394 www.ScotCampbell.com Scot.Campbell@ColdwellBanker.com CAL BRE 00943759

Huntington Beach Sales, Price Per Square Foot, and Average Price were up from September 2017

$1,271,917

By Huntington Beach Realtor - Scot Campbell HowsTheHBmarket.com 10/11/18 - Source: Realtor MLS

Executive Summary: Mortgage Rates hit a 2018 peak of 4.9% this week (per FreddieMac), and rates have increased 99 basis points (almost one percent) in the last 12 months. Some Homebuyers have now been "payment priced" out of the market as incomes have not increased nearly as fast as mortgage rates. Many Homebuyers are motivated to complete home purchases before mortgage rates rise any further, but others feel they have "missed the boat" and have pulled back.

Reflecting the sale of 10 homes between $2.15 and $7.5 million all in one month: the average sales price increased 11.8% and Price per square foot increased 5.9% compared to last month.

There was a 13.6% drop in sales compared to last month, and year-over-year sales were down 16.7%. The average marketing time increased to 42 days which is the highest seen in over a year. Homes are taking longer to sell in Huntington Beach, but they are selling provided the price is reasonable and the property is prepared for the market. The overall market has changed from a hot seller's market a year ago, to a balanced market today.

A review of the September 2018 Residential Market shows: Homes Sold: In September 2018, the entire Huntington Beach market saw a total of 140 houses, townhomes, and condos sold‌ 86 detached properties sold and 54 attached homes sold.

Average Days on Market until Under Contract: 42 days.

Price per Square Foot: The August 2018 Average Price per Square Foot ($PSF) for the entire market was $536 (Detached homes $455 and Attached homes $567).

Average Price: The average price of detached homes sold in September 2018 was $1,271,917 an increase of 30.6% compared to September 2017 (10 homes from $2.15 to $7.5 million sold last month‌ it was a banner month for the upper end of the market). For attached homes the average price was $626,106 a decrease of 7.9% from the same period last year.

$626,106

Insight/Trend: Overall, conditions for buying & selling real estate remain good.

Sellers: The real estate market in Huntington Beach has transitioned to a balanced market. Higher prices and mortgage rates have eroded affordability and decreased the buyer pool for your home. We have passed "peak cycle" for sales volume since higher mortgage rates are expected in the future (driving sales volume down). Now is likely the best market we will see for selling your home in the next 24 months. It is advisable to hire an excellent Realtor, price the home reasonably, and prepare it for the market!

Buyers: Mortgage Rates have increased about one percent in the last 12 months, but they are likely to increase further. You will save thousands over the life of the loan by locking in a lower mortgage rate. Inventory has increased, there are more homes to choose from now.

If you have questions about the real estate market, buying, and selling real estate in Huntington Beach and Coastal Orange County, contact Scot Campbell‌ he can answer just about any real estate question you might want to ask.

Mobile Phone/Text: 714-336-0394 Email: Scot.Campbell@ColdwellBanker.com

536

42

140

1206 Pine Street, Downtown Huntington Beach NEW CONSTRUCTION: Contemporary Barn House with gorgeous upgrades & finishes! This beautifully crafted luxury quality residence in the "Park Area" of Downtown Huntington Beach is being meticulously constructed by an artisan builder and is a one-of-a-kind opportunity to own with features & upgrades seldom seen. From the Zen Master Bath, to the underlit kitchen counters, to the amazing 4 car garage with soaring ceilings, and much more‌

4 Bedrooms plus Retreat , Office, 5 Baths | 4 Car Garage | 4,000 ASqFt | $3,250,000 Text H1486 to 85377 for Additional Info & Photographs

627 Frankfort Avenue, Downtown Huntington Beach Built in 2012, this Coastal Contemporary Beach Home has the look at quality of a home in Corona Del Mar. It is located on one of the most unique streets in the Downtown HB area‌ it has a city lights view from all three levels! More importantly, you will not find another house on the market like it, because the lot & house are both 5 feet wider than most other Downtown homes. Short stroll to the Beach, Pier, Parks, Schools, and the New Pacific City Development!

3 Bedrooms, 4.5 Baths + Bonus Area | 3,407 ASqFt | $1,785,000 | ON THE MARKET Text H9241 to 85377 for Additional Info & Photographs

3294 Tempe Drive, Huntington Harbour, CA Remodeled resort style waterfront townhouse in the gated Sea Bridge community which offers HOA tennis courts and beautiful pool / spa! With the bi fold windows in the living room open to the patio, this homes offers gorgeous views of the water. The waterfront patio has a gangway to the 30 foot boat slip directly behind the home...Enjoy convenient access to your boat and quick/easy launching of kayaks and paddle boards!

2 Bedrooms plus Office, 2.5 BA | 2 Car Garage | 1,658 ASqFt | $1,249,900 | ON THE MARKET Text H93260 to 85377 for Additional Info & Photographs

3642 Pirate Circle, Huntington Harbour, CA | ON THE MARKET Single Story home on a quiet CDS on Trinidad Island: Half of the island has a waterfront walk-way with a lushly landscaped linear greenbelt connecting the walk-way. Join the fun at the park & playgrounds, play basketball, stroll the walk-way, visit with other dog owners, paddle board/kayak, enjoy sunset Duffy boat rides, sail the bay, cruise the coastline, or run over to Catalina in your yacht. Rent a boat dock for your your boat up to 40+ feet ($200$350/Mo.). The walkway offers access to the docks 24 hours/day. This remodeled home features: New Tile Roof, Double Pane Windows, Roll-up Garage Door, Paverstone Driveway, Vaulted Ceilings, & Open Floorplan!

Single Story | 3 Bedrooms, 3 Baths | 2 Car Garage | 2,090 ASqFt | 6,000 AsqFt Lot | $1,349,900 Text H1481 to 85377 for Additional Info & Photographs

7492 Seabluff Drive, Huntington Beach | ON MARKET “Pacific Ranch� Guard Gated mediterranean style development with beautiful grounds, 3 pools, clubhouse, & spa. Almalfi Model townhome with 2 master suites, spacious living room, dining area, & open kitchen on the middle level, downstairs is a bonus room which could be an office or guest room .

2 Bedrooms, 2.5 Baths + Office | 1,993 SqFt | 2 Car Garage | $753,000 Text H1485 to 85377 for Additional Info & Photographs

18781 Heavenwood Circle, Huntington Beach | ON MARKET Move-in ready dual master bedroom townhome. Open concept living & casual dining space off the kitchen opens up to the sunny patio, which connects to a finished 2-car garage with built-in cabinets. Both bedrooms have en-suite bath & there is a powder room downstairs, & a laundry room upstairs for easy access. Short drive to the soft sands and surf of Huntington Beach. Great rental property!

2 Bedrooms, 2.5 Baths | 1,230 SqFt | 2 Car Garage | $560,000 Text H1484 to 85377 for Additional Info & Photographs

304 20th Street, Downtown HB

613 13th Street, Downtown HB

Fantastic location near the beach… just a short stroll to Doggie Beach, Main Street Village, Schools, Farquhar & Lake Parks! Custom John King Designed home on elevated lot… unique four bedroom layout. Big Rooftop deck!

Under Construction! Custom Coastal Contemporary home ideal for an owner who wants to be "refreshed" everyday by a residence with clean lines & lots of natural light. The exquisite Open Concept floor plan has modern inspired architectural concepts, and is finished with wood siding, natural color cedar siding accents, and white smooth stucco.

4 Bedrooms 3.5 Baths | 2,556 ASqFt | Closed $1,340,000 Scot Represented the Buyer

3 Bedrooms, 3.5 Baths | 2,900 SqFt | $2,095,000 Nearing Completion, contact Scot for a private showing!

ON MARKET

3572 Sagamore Dr, Huntington Harbour ON MARKET

3267 Moritz in Broadmoor, Huntington Harbour

Premier location off-water home on Trinidad Island which features: sandy beach, waterfront walk-way, boat docks, playground, large park, basketball courts, & spacious greenbelt! Premier layout: Downstairs bedroom & full bath, Open Concept kitchen/family room, and 3 car garage.

Main Channel bottom level condo with fantastic views!

Completely remodeled… completely move-in ready! Easy Gangway access to Peter's Landing Public Marina if you want to rent a slip, and just a short stroll to soft sands of Sunset Beach!

4 Bedrooms, 3.5 Baths | 2,798 SqFt | $1,475,000 Text 1483 to 85377 for Additional Info & Photographs

2 Bedrooms, 2 Baths | 1,348 ASqFt | Closed $1,000,000 Scot Represented the Seller ~ Record Price for this model!

16691 Edgewater Ln, Huntington Harbour

416 12th Street, Downtown HB

16581 S. Pacific Ave, Sunset Beach

606 9th Street, Downtown HB

20042 Sand Dune Ln, Huntington Beach

16302 Walrus Ln, Huntington Harbour

FIXER ~ Scot Helped Prepare for Market Closed | $1,900,380

Scot SOLD Full Price ~ Multiple Offers!

Closed | $1,650,000

FIXER ~ Scot Helped Prepare for Market Closed | $1,350,000

SOLD by Scot ~ Home Backs to Goldenwest St.

RECORD PRICE for 30 Foot Wide Lot Closed | $5,450,000

Closed | $2,155,000

MAJOR FIXER ~ Multiple Offers Closed | $1,445,000

505 17th Street, Downtown HB

17091 Courtney Ln, Huntington Harbour

16291 Countess #105, Huntington Hrbr

3382 Venture Dr, Huntington Harbour

301 & 303 12th Street, Downtown HB

3531 Courtside Circle, Coral Cay

FIXER ~ Scot Helped Prepare for Market Closed | $1,050,000

FIXER ~ Scot Helped Prepare for Market Closed at $3,000,000

FIXER ~ Scot Helped Prepare for Market Closed | $1,140,000

RECORD PRICE ~ New Construction Closed $2,125,000 Each

RECORD PRICE for Development Closed | $1,100,000

TEAR DOWN ~ Multple Offers

Closed at $3,700,000

Neighborhood Update: LEASED in the last 180 days (Ended 10/11/2018) Huntington Harbour ~ Seacliff & Edwards Hill ~ Downtown Huntington Beach (Data per Realtor MLS. It is not intention to imply that our office acted as agent for Landlord or Tenant)

Address

BDRM BA SqFt

78 B Surfside 21 C Pacific 13 C Pacific 16330 Pacific 16773 South Pacific 16706 Bayview 19342 Peachtree 19228 Seabrook 6721 Country 19231 Seabrook 6191 Fernwood 19281 Champion 6281 Pacific Pointe 19411 Surfset 6262 Seabourne 6240 Seabourne 19575 Elm Ridge 20181 Mys c 19330 Wingedfoot 19412 Merion 19731 Quiet Bay 19296 Torreypines 19237 Meadowood 6632 Cedarwood 6862 Hitchingpost 19199 Chandon 19777 Shorecliff 6535 Oakhurst 19645 Woodlands 6276 Morningside 6467 Frampton 6162 Morningside 6682 Beachview 6463 Se ng Sun 6126 EAGLECREST 16952 Pacific Coast 17112 Pacific Coast Hwy 16989 Bluewater 17032 Bluewater 4126 Delphi 16092 Fame 16547 Tropez 16347 Grenoble 16016 Mariner 17042 Pacific Coast 4165 Warner 3662 Pirate 3310 Tempe 16291 Countess 16767 Bayview 4172 Calhoun 3526 Bravata

2 1 2 2 2 5 2 3 4 3 4 3 3 2 3 3 3 3 2 3 4 3 4 4 4 4 4 5 3 5 4 5 3 4 3 1 1 1 1 3 2 3 2 2 1 2 3 2 2 4 4 3

1 1 2 3 2 4 3 3 2 3 3 3 3 3 3 3 3 3 3 3 2 3 3 3 3 4 4 3 3 5 5 4 3 5 3 1 1 1 1 3 3 3 2 2 1 2 3 3 2 2 3 3

590 520 1,080 1,800 1,600 2,295 2,029 2,065 1,976 2,065 2,320 2,298 2,160 2,030 2,160 2,160 2,252 2,258 2,298 2,236 2,011 2,236 2,298 3,000 2,739 3,000 3,399 3,406 2,639 3,313 3,640 3,269 2,788 3,937 2,476 478 478 1,000 779 1,913 1,690 1,740 1,348 1,293 652 1,467 2,090 1,658 1,129 1,926 2,600 1,826

Rent $2,600 $2,600 $3,600 $3,895 $4,200 $4,500 $3,200 $3,695 $3,800 $3,900 $3,900 $3,950 $3,950 $3,995 $4,000 $4,100 $4,200 $4,200 $4,300 $4,400 $4,500 $4,500 $4,500 $4,950 $5,000 $5,100 $5,500 $5,750 $5,900 $6,000 $6,000 $6,500 $6,600 $7,300 $7,500 $1,500 $1,750 $2,300 $2,500 $3,300 $3,300 $3,395 $3,500 $3,600 $3,750 $3,750 $3,900 $4,000 $4,000 $4,200 $4,250 $4,300

Area Surfside Surfside Surfside Sunset Beach Sunset Beach Sunset Beach Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Seacliff/EdH Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour Harbour

Address

BDRM BA SqFt

16455 Wimbledon 3582 Rebel 16391 Forest Hills 16661 Wellington 17134 Bluewater 16118 Bonaire 16626 Tiburon 16225 Whitecap 16801 SEA WITCH 16752 Intrepid 16166 Tortola 17187 Roundhill 3989 Mistral 4012 Morning Star 3281 Bounty 215 Wichita 2323 Hun ngton 1008 Deleware 158 Adams 1200 Pacific Coast 7624 Sandstone 7671 Bay 215 Oswego 420 Lake 310 Lake 207 Indianapolis 420 LAKE 200 PCH 314 17th 1200 Pacific Coast Hwy 515 Ariana 7218 Seaworthy 1815 Alsuna 1413 Arch 318 8th 711 Pacific Coast 817 Delaware 1833 Park 606 Lake 711 Pacific Coast 711 Pacific Coast Hwy 1327 Applecross 628 Har ord 200 Pacific Coast 1327 Applecross 1020 Delaware 603 8th 200 Pacific Coast 762 Sandglass 2005 Delaware 704 Lake 620 Har ord

3 3 3 4 1 3 3 4 5 3 3 5 5 4 6 1 1 2 2 1 2 2 3 2 2 2 2 1 2 1 3 2 3 3 2 1 2 3 3 2 1 3 3 2 3 3 3 2 3 4 3 3

3 4 3 3 1 3 3 4 4 3 3 5 5 4 6 1 1 1 2 1 1 1 2 2 2 2 2 1 3 1 2 2 2 2 1 2 1 2 3 2 1 3 1 2 3 3 2 2 3 3 3 2

Rent

Area

2,320 $4,500 Harbour 2,850 $4,850 Harbour 2,260 $4,975 Harbour 2,564 $5,000 Harbour 836 $5,000 Harbour 1,818 $5,250 Harbour 2,210 $5,300 Harbour 3,920 $5,495 Harbour 3,448 $5,800 Harbour 2,117 $5,899 Harbour 2,362 $5,995 Harbour 4,260 $6,900 Harbour 4,000 $7,500 Harbour 3,313 $8,500 Harbour 5,880 $11,000 Harbour 552 $1,600 Downtown 552 $1,700 Downtown 1,000 $1,850 Downtown 1,000 $2,100 Downtown 781 $2,150 Downtown 1,000 $2,250 Downtown 1,000 $2,295 Downtown 1,200 $2,400 Downtown 1,062 $2,500 Downtown 1,023 $2,500 Downtown 1,943 $2,550 Downtown 1,023 $2,550 Downtown 1,200 $2,600 Downtown 1,250 $2,800 Downtown 781 $2,800 Downtown 1,349 $2,850 Downtown 1,230 $2,925 Downtown 1,350 $2,995 Downtown 1,733 $3,000 Downtown 900 $3,000 Downtown 750 $3,100 Downtown 702 $3,150 Downtown 2,000 $3,200 Downtown 1,384 $3,200 Downtown 968 $3,200 Downtown 726 $3,200 Downtown 1,859 $3,250 Downtown 1,009 $3,250 Downtown 1,257 $3,250 Downtown 1,859 $3,300 Downtown 2,200 $3,300 Downtown 1,042 $3,300 Downtown 1,181 $3,300 Downtown 1,880 $3,400 Downtown 1,600 $3,495 Downtown 1,337 $3,500 Downtown 1,334 $3,500 Downtown

Address 7885 Moonmist 7931 Moonmist 1142 Shorecrest 21354 Cieza 200 Pacific Coast 200 Pacific Coast 7815 Seabreeze 706 Delaware 21366 Estepa 624 20th 1852 Main 1141 Shorecrest 202 18th 414 8th 1118 Lake 614 19th 527 9th 519 16th 401 Lake 240 2ND 1001 England 1516 Pacific Coast 627 Lake 1900 Pacific Coast 1900 Pacific Coast 711 11th 620 Main 441 Lake 200 Pacific Coast 226 11th 831 Frankfort 226 Goldenwest 501 21st 19737 Shorecliff 526 12th 900 Pacific Coast 304 18th 528 21st 514 15th 21255 LORCA 517 13th 1931 Pine 305 22nd 520 12th 424 9th 124 9th 122 9th 213 Bal more 503 16th 214 9th 900 Pacific Coast 21270 Lorca

BDRM BA SqFt 3 3 3 2 2 2 3 3 2 3 4 3 3 3 3 3 3 3 2 3 3 2 3 3 3 3 3 3 2 4 3 3 3 4 4 2 3 3 3 4 3 3 3 2 3 3 3 3 3 3 2 4

3 1,464 3 1,464 3 1,795 3 1,843 2 1,226 3 1,233 3 1,705 2 2,200 3 1,843 3 1,820 3 2,070 3 2,043 3 1,900 4 2,000 2 1,753 3 2,100 4 2,600 3 1,710 2 1,440 3 2,100 3 2,214 3 1,390 3 2,004 3 1,778 3 1,778 2 1,810 3 2,007 3 2,049 3 1,233 3 2,250 4 2,997 3 2,274 4 2,369 3 2,260 4 2,776 2 1,143 4 2,961 4 2,408 5 2,755 4 2,961 6 2,875 3 2,969 4 2,765 1 894 5 2,951 4 2,750 5 2,650 5 2,894 4 3,017 4 2,850 2 1,143 4 3,387

Rent

Area

$3,500 $3,500 $3,700 $3,750 $3,795 $3,795 $3,800 $3,850 $3,900 $3,900 $3,950 $3,950 $3,950 $3,950 $3,995 $4,000 $4,000 $4,100 $4,100 $4,195 $4,200 $4,200 $4,200 $4,250 $4,250 $4,395 $4,500 $4,600 $4,695 $4,700 $4,800 $4,900 $4,900 $5,000 $5,000 $5,000 $5,100 $5,150 $5,300 $5,300 $5,300 $5,400 $5,500 $5,500 $5,500 $5,500 $5,500 $5,550 $5,850 $5,890 $6,000 $6,000

Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown Downtown

If you would like help Leasing your property, my team will find you a good tenant at top rental value!

Scot Campbell

Over 1,000 Homes Brokered Over a 31+ Year Career.

714-336-0394

www.ScotCampbell.com Scot.Campbell@ColdwellBanker.com CAL BRE 00943759

YES on Prop 5 is a “No Brainer” for homeowners… and everyone!

If you are a homeowner, especially a homeowner who has lived in their home for many years, the upcoming election offers you the opportunity to retain your property tax assessment if you move (provided you are age 55+ or meet one of the other requirements).

Under the present law (Prop 60 & 90 which were passed years ago), it is possible to move your property tax assessment to only 10 of the 58 California counties, you can only do it once, and if you close within 12 months after selling your old home the maximum purchase price of the new home can only be 105% of the home you sold. As one can imagine, under these circumstances, many people are unable to move their property taxes to the home they would like to buy… so they just “don’t sell”.

Often these homes that are “not sold” are much larger than a homeowner age 55 needs, and they are ill-suited to the homeowner who would like less maintenance, fewer levels, smaller lot, and to be closer to family living in other parts of the state.

Even if you are not a homeowner yet, Prop 5 will help to free up inventory of homes which are desirable for younger homeowners.

An unintended consequence of Proposition 13 (which limited the increase in property taxes to 2% per year) is that long term homeowners are economically “locked-in” to their current home. Prop 5 will allow these homeowners to move to where they want to be… if the next house they buy is priced higher than what they sell, then the difference will be added to their property tax assessment.

Home prices have gone up exponentially during the years that long-term homeowners held their property, so the buyer of the old home will pay property taxes which are Much Higher than the long-term homeowners assessed value. As a result, property tax revenue on the old home will increase as much as 10X. Local government, schools, and the state will all share in the added revenue.

So, young and old all benefit from Prop 5…

•If you are a long-term homeowner, be sure to Vote Yes. •If you are not yet a homeowner and want more homes to choose from, Vote Yes. •If you want to see more tax revenue going to local government and schools, Vote Yes. •If you are a homeowner but not yet age 55 (someday you will be), Vote Yes. Seriously, who does not want to see more local government and school revenue, more homes available for the buyers who want to own them most, and to have homeowner mobility at age 55 (unimpaired by property tax concerns).

Yes on Prop 5 is truly a “No Brainer”. I hope you take time to Vote on election day or send in your absentee ballot.

Caveat: The “financial impact” analysis written by some analysts indicates there will be a loss in revenue. The problem with this analysis is that these analysts do not understand the mathematics of moving for age 55+ homeowners… they do not understand that most people will simply “not sell” if Prop 5 does not pass… they will either “stay” or “rent out” the home. And, when there is a 5X, 10X, or even greater increase in property taxes on many of the homes sold, these would more than off-set the people who would have sold anyway.

Think about what you would do if moving resulted in a 5x or 10X increase in your property taxes… and you were about to start living on a fixed income. You would be forced to “stay”… correct?

Vote Yes on Prop 5 on election day.

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Huntington Beach Real Estate App For your smartphone or tablet You’ll be able to see 100% of the Active and In-Escrow Listings in the Realtor MLS... just put this URL in your mobile device browser: www.HuntingtonBeachRealEstateApp.com

Or, you can download the App from the Apple App Store or Google Play.

You’ll know it is the right one when you see our App Logo:

Coldwell Banker Campbell Realtors

Local Postal Customers

Instant Home Value Reports Now Available at www.HBhomeValue.INFO

After hearing many complaints about “Zillow Zestimates” (and similar products), I decided to find a home value system that offers more accurate and useful information for my friends, family, & clients.

Now this information is available instantly by going to www.HBhomeValue.INFO. Just go to the website and enter your address. The Realtor MLS system will instantly send you details for all the Active, Pending, and Recent Closed Sales in your neighborhood. By looking over these relevant properties and comparing them to your home, I believe you will get a much better “value picture” than a “Zestimate” offers.

Scot Campbell

Over 1,000 Homes Brokered Over a 31+ Year Career.

714-336-0394 www.ScotCampbell.com Scot.Campbell@ColdwellBanker.com CAL BRE 00943759

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