Realty Digest June 2020 by Scot Campbell

JUNE 2020 / Circulation 17,500 Monthly

www.RealtyDigestOnline.com

16821 Sea Witch Lane, “ Davenport Island ” Huntington Harbour 4 BR | 2.5 BA | 2,813 Asqft | 6,000 SqFt Lot | 2 Car Garage Come join the Huntington Harbour lifestyle: Relax on a beach, or go surfing, paddle boarding, boating, & fishing all in the same day... then take a sunset cruise in the evening. This lovingly maintained “off water” home is located on a very quiet street on Davenport Island. Coming home, just before the island bridge, there is a White Sand Beach & Davenport Public Marina (with boat slips for rent), and once over the bridge, there is a beautiful park with a large greenbelt, basketball court, & playground (with bars, swings, & slide). Entering this air-conditioned home, you are drawn into the spacious sun-splashed living room with fireplace & adjacent formal dining room with vaulted ceilings. A few steps away, the expansive remodeled gourmet kitchen opens to a large step-down family room… with wet bar and views of the beautifully landscaped private back yard and outdoor dining spaces. Upstairs is the Master Suite with balcony & huge walk-in closet… plus 3 additional bedrooms all with walk-in closets. Potential RV access on side of house is 11 X 40)… perfect for larger trailer/boat, kayaks, & paddle boards! No HOA Dues.

Take an online tour: www.16821SeaWitch.INFO

SCOT CAMPBELL

COLDWELL BANKER - Campbell Realtors Broker / Global Luxury Specialist 714.336.0394 cell scot@campbellrealtors.com www.scotcampbell.com DRE #00943759

It is a pleasure to send you this special version of the Huntington Beach Realty Digest.

In compliance with the California Association of Realtors COVID-19 Best Practices, I refrained from sending mailings until we entered Stage 3 of the Orange County reopening process.

Scot will get your property Sold, for Top Dollar...with Fewer Days on the Market!

Scot is the President of Coldwell Banker Campbell Realtors in Huntington Beach, CA.

He is a Certified Global Property Speicalist, and has been licensed for over 33 years.

He holds a California Real Estate Brokers License and was also Certified by the State of California to do real estate appraisals.

As the Broker of Record for over 1400 closed sales in the last 10 years alone, he has handled just about every type of transaction imaginable.

His undergraduate degree is in Real Estate Finance, and he did his graduate studies in Economics.

As a Huntington Beach resident since 1973, he has been living & loving the Coastal Orange County Lifestyle for over 45 years.

Have questions about real estate? Come visit him at his oceanfront office at Pacific Coast Highway & 18th Street. Scot will answer your questions... and the office has a great view!

Scot Campbell, Broker Cell/Text: 714-336-0394 Scot@CampbellRealtors.com www.ScotCampbell.com DRE #00943759

I hope that you are your family are well, and I wish to express my sincere appreciation for the healthcare workers in our community on the front lines fighting the COVID-19 virus.

Real Estate Market Leaders and Brokers, such as myself, spent the first few weeks of the “Safer at Home Order” getting our existing escrows closed. Then we helped create a set of Best Practices to make it possible for people to safely buy & sell real estate (guidance provided by the CDC, State of California Health Dept, and the California Assn. of Realtors).

IMPORTANT NEWS: Real Estate was declared an Essential Service, homes are selling every day, escrows are closing, and there is a shortage of homes for sale in Huntington Beach!

Face-to-face contact has been eliminated whenever possible during the homebuying process. Currently, I start many of my initial seller consultations with a Zoom Meeting, or I conduct the meeting at one of our Social Distancing Compliant conference areas at my office. Some clients still choose the traditional in-person meeting at their home (safely using CDC compliant guidelines). Regardless, I am able to answer all questions, provide sales comparables and an up-to-the-minute market update to home sellers.

The meetings are highly informative whether we meet in person or electronically!

I am able to offer essential real estate services safely to those clients who need it.

New Technology is providing tools to use make it all happen... and I have implemented the best systems in the industry. If you decide to list your home, all “first showings” are done with 3D Tours, and we only schedule physical “second” showings with pre-approved buyers. Offers are written and signed electronically, and forwarded for your review via email with telephone follow-up. All the disclosure

forms are prepared for you to fill in and sign electronically. It is necessary for home sellers to sign some documents in front of a notary, and a visit to the property will be needed by the property inspector, termite inspector, appraiser, and buyer for the final walk-thru. However, strict safety precautions are taken to keep all parties safe!

The safety of you and your family is my number one concern!

There are two popular platforms for interior home Virtual Tours!

VIRTUAL TOURS are now the 1st Showing for All of my Home Listings!

Home Sellers do not want “lookie loos”, neighbors, and unqualified buyers into their home. This has always been the case, but with COVID safety concerns, home sellers simply do not want people into their home unless they are a serious & qualified buyer.

Home Buyers want convienence. They would rather see twenty homes on-line with high quality photography & virtual tours, and physicaly visit only the houses that are of serious interest.

Technology to the rescue… Home Sellers and Home Buyers are getting what they want!

Interior 3D Tours really help buyers visualize every nook and cranny of the home and there are multiple competing vendors.

All the platforms make it feel like you are walking through the home, and the Buyer can pause and focus on the areas they want to see. Here are examples of a 3D Tour and a Matterport Tour:

3D Tours from various vendors use advanced cameras to create a 3D view of each room with an icon for each room along the bottom of the tour.

www.16412Ardsley3Dtour.info

www.16821SeaWitch3Dtour.info Paper flyers are not allowed/advisable under Covid Best Practices. So we create emailable PDF and online PDF flyers to share with buyers. Here are some online examples: www.16821Stonehaven.info www.16821SeaWitch.info If you decide to sell your home, I will be using the same technology to effectively and safely market the property to qualified buyers. No in person Open Houses are necessary.

Here is a 3D Tour Success Story!

By Realtor Scot Campbell

As an early adoptor of technology, I wanted a 3D Cameral of my own.

So, I researched and ordered the best one available in early March.

Matterport is a platform which uses a special 3D camera with laser measuring capability. The system creates a complete “Doll House” view of the structure and 3D view of each room with room meausurments.

One of the first properties I photographed with it was a home not yet on the market. The owner graciously allowed me to create a 3D Preview, I sent the tour link to my buyer client along with a two deminsional floorplan drawing I had in my files. The buyer could see the layout, upgrades, and view… they loved it. We scheduled a physical showing, and the buyer purchased the property… Yea! In addition to previewing properties for buyers with my 3D camera, I also use it for virtual staging appointments, neighborhood tours, back yard tours, and more!

16412 Ardsley Circle, Humboldt Island, Huntington Harbour | ON MARKET | $3,999,900 4 Bedrooms + Office, 3.5 Baths | 4245 ASqFt | 97 Feet on Water | 85 Foot Dock | 3 Car Garage Ideal waterfront property for the yachting family who needs a side-tie dock for a one or more boats, and also appreciates wide open water views, contemporary design, and a layout which can effectively entertain both large & small groups of guests.

Take a 3D TOUR: www.16412Ardsley3Dtour.INFO

www.16412Ardsley360AerialTour.INFO There is one exceptional Aerial 360 Tour platform, and I am now using it. It is possible to see all sides of the home and most of the neighborhood. Try the above aerial tour on your phone, tablet, or desktop!

The COVID Market April 1st to May 31st: There were 43.1% Fewer Huntington Beach Homes Listed, 39.5% Fewer Homes Under Contract… Days of Supply peaked at 123, then fell back to 63, Average Price Per Square Foot up 3.6% year-over-year

By Huntington Beach Realtor – Scot Campbell – 6/8/20 – Source: Realtor MLS/Reports on Housing

Mortgage Rates: Mortgage Rates spiked at 4.94% per the FreddieMac Mortgage Market Survey on 11/15/18. Now, rates have come down to an all-time low of just 3.18%: “As the economy is slowly rebounding, all signs continue to point to a solid recovery in home sales activity heading into the summer as prospective buyers jump back into the market. Low mortgage rates are a key factor in this recovery. While homebuyer demand is up and has been broad-based across most geographies, supply has been slower to improve.” (Freddie Mac 6/4/20).

A review of the May 2020 Huntington Beach Residential Closed Sales shows: Homes Sold: In May 2020, the entire Huntington Beach market saw a total of 81 houses, townhomes, and condos sold… 51 detached properties sold and 29 attached homes sold. The sales level was 51% lower than the five-year average for the month of May, and 53% lower than a year ago. Detached home sales were down 55% and attached home closings decreased 50% compared to May 2019.

Insight/Trend: Despite many people laid off due to COVID-19 and a severe negative impact on some residents, those who are still working can “afford more home” than ever before due to low mortgage rates. These buyers are driving the market, and with substantially fewer homes on the market this year it appears homes which are priced reasonably and prepared for the market will sell briskly this Spring and Summer.

Advice For Home Sellers: Success ultimately boils down to preparing the home for the market, pricing Average Days on Market until Under Contract: according to Fair Market Value, and effectively preThe average days on market for May 2020 was 24. senting the property to the pool of qualified buyers.

This measure illustrates many new listings are selling Quality photography, 3D tours, and floorplan drawings will significantly increase your chances of sucwithin just days. Most buyers have seen everything on the market and they are making offers immedi- cess. It is imperative you hire a Realtor who excels ately on new listings that are in good condition and in presenting your property virtually. priced reasonably.

If you have questions about the real estate marPrice per Square Foot: The May 2020 Average ket, buying, and selling real estate in Huntington Priceper Square Foot ($PSF) for the entire mar- Beach and Coastal Orange County, contact Scot ket was up3.6% Year-over-year at $531 (Detached Campbell… he can answer just about any real estate question you might want to ask. homes $532 and Attached homes $527).

Average Price: The average price of detached homes sold in May 2020 was $1,098,618 an decrease of 3.6% compared to May 2019. For attached homes the average price was $693,552 an increase of 9.7% from the same period last year.

www.ScotCampbell.com Mobile Phone/Text: 714-336-0394 Email: Scot@CampbellRealtors.com Price Disclaimer: It should be noted that an increase in average price and average price per square foot of sold homes does not 100% correlate with appreciation of all homes. If buyers just happen to be focusing their purchase on luxury homes, it is possible to have an increase in the average price of sold homes while appreciation is flat. The same is true on the downside if buyers chose to buy mostly “fixer homes” in a particular month. The best way to value an individual home is by comparing it to similar homes recently sold in the same neighborhood.

Recently Listed by Scot Campbell

215 Lincoln Avenue, Downtown Huntington Beach

16255 Tisbury Cir, Humboldt Island, Huntington Harbour

www.215Lincoln.INFO

www.16255Tisbury.INFO

This unique Downtown Huntington Beach lot is 43.83’ X 127.5’! Most lots in the Downtown area are 25’ wide X 115’ (2,875 SqFt), this site is 5,478 SqFt.

4 BR + Home Theater | 4.5 BA | 4,300 Asqft 57 Feet on Water | Side Tie Dock | Spa

Fantastic opportunity to build a Custom Home with Guest House (ADU) over a detached garage.

Rebuilt Mediterranean waterfront villa rebuilt in 2007 with gorgeous over the water Sunset Views from the deck, living room, and master bedroom. Holds upto 55’ Yacht.

New Custom Homes in Downtown Huntington Beach

19822 Island Bay (Lower SeaCliff), Huntington Beach

Estimated Completion August 2020.

www.19822IslandBay.INFO

2 Custom Beach Homes Under Construction on one of the nicest and most quiet blocks of the numbered streets. Short stroll to the beach, pier, Main Street Village, parks, schools, and Doggie Beach.

4 BR + Bonus Room | 3 BA | 3,000 Asqft Lot 3 Car Garage | Pool/Spa | 7,000 SqFt Lot | $2,099,900 Remodeled beach home six blocks to beach on large lot in quiet interior tract location. Neighborhood park across the street & Move-in Ready!

After a wild roller coaster ride, the Days of Supply Indicates the Huntington Beach Market is back to a “Balanced” or “Slight Seller’s Market” in most Price Segments

By Huntington Beach Realtor – Scot Campbell – 6/08/20 Source: Realtor MLS & Reports on Housing Days of Supply is an is the best overall measure of the strength or weakness of the real estate market. It is defined as the number of days it would take to sell every home on the market at the current pace of sales if no new homes were listed.

In Huntington Beach, strong “Seller’s Market” conditions are observed when this measure falls into 40 to 50 day range. The weakest conditions “Buyer’s Market” we have seen in the last 10 years was February 2019 when the Days of Supply was 125. “Balanced Market” conditions in the last 5 years in Huntington Beach have been in the 90 day range.

Days of Supply indicates the Huntington Beach Market was in a “Hot Seller’s Market” back in February, but by April 30 it was in the “Buyers Market” range at 123. In mid-May, it had fallen to 88 days, and finally by May 28 the Days of Supply was all the way down to 63 days… approaching a “Seller’s Market”.

Q: How can the Days of Supply be indicating a “Slight Seller’s” or “Balanced” Market if sales volume had dropped by 33.5% from April 1st to May 31?

A: Because 39.5% fewer homes came on the market from April 1st to May 31.

Remarkably when looking at the weekly New Listing and Under Contract data, we can see that at the end of May 2020, there were more Homes Going Under Contract than the Number of New Listings coming on the market… this is a very rare occurrence. Despite January & February 2020 being very hot markets, there was never a week early in the year which saw Homes Going Under Contract exceeding the Number of New Listings.

Q: If many people have lost their jobs during COVID-19, why are so many people interested in buying now?

A: Mortgage Rates are near all-time lows, so people (who are employed) can afford more now than ever before. And, with families staying at home more, they want to own something better suited to their needs!

www.1020Delaware3Dtour.INFO

1020 Delaware St., Downtown Huntington Beach | $1,125,000 SOLD by Scot, Represented Seller 6/15/20, 15 Days on Market

www.19267Surfwave3Dtour.INFO

19267 Surfwave, “Surfcrest” Huntington Beach | $975,000 List IN ESCROW, Representing Seller, 3 BR 2.5 BA Bermuda Model

16872 Clovergreen, “Summerlane” Huntington Beach | $1,120,000 SOLD by Scot, Represented Seller 3/25/20, Record Price/33 DOM

6221 Pacific Point, “Mystic Point”, Huntington Beach SOLD by Scot, Represented Buyer 6/1/20, 30 Day Escrow!

www.3436Windspun3Dtour.INFO

3436 Windspun, “Seagate” Huntington Harbour | $1,350,000 SOLD by Scot, Represented Buyer 5/28/20, Success Story 0 DOM

www.16821Stonehaven3Dtour.COM

16821 Stonehaven Cir., Huntington Beach | $1,399,900 SOLD Full Price by Scot, Represented Seller 5/28/20, 14 DOM

www.62513th3Dtour.COM

625 13th Street, Downtown Huntington Beach | $2,050,000 SOLD by Scot, Represented Seller 5/5/20, New Construction

17011 Malta Circle, Huntington Harbour | $1,325,000 SOLD by Scot, Represented Seller 3/31/20, 32 Days on Market

805 Alabama, Huntington Beach, CA

4 Bdrms | 3.5 Ba | 3,125 ASqFt | 2 Car Attached Garage

Take an online tour: www.805Alabama.INFO Listed at $1,924,900

807 Alabama, Huntington Beach, CA

4 Bdrms | 3.5 Ba | 3,125 ASqFt | 2 Car Attached Garage

Take an online tour: www.807Alabama.INFO Listed at $1,899,900

Just Completed New Homes in Downtown Huntington Beach just a short stroll to Pier & Pacific City Luxury Quality 4 Bedroom, 3.5 Bath Contemporary home loaded with upgrades including: Professional appliances, modern fixtures, hardwood flooring, cameras, wired for multi-zone music, A/C, two laundry rooms, attached 2 car garage, & 2 car driveway! The bottom level is Open Concept with Living, Dining, Kitchen, Powder room, & Family rooms in a great room configuration with bi-fold doors leading out to a covered patio with built-in spa & gas firepit. The middle level features 3 Bedrooms, 2 Baths, Gallery, Office Area, Game Room, & Laundry room with wide hallways and a spacious deck. The top floor is dedicated to the luxurious Master Suite which features a sundeck, separate vanities, luxury shower, free standing tub, stacked laundry area, and two, yes two, walk-in closets. The quality is in the details, and to appreciate the value... this is a property which demands your personal inspection. The buyer of this home will enjoy sunset walks on the beach, world class surfing, bike rides, fine dining, and nearby entertainment‌ this enviably located home in Downtown Huntington Beach is just a short stroll to world-famous beaches, pier, shops, restaurants, parks, and schools. Few homes in the area measure up to this amazing new home, especially if you are looking for a true 4 bedroom beach house‌ be sure to come for a look before they are gone.

OUR LISTING PREPARATION PROGRAM Will Front the Cost of Your Home Improvement Projects. with No Interest or Hidden Fees!

Our goal is to bring your home to market in the best light possible to achieve a higher net sale price and fewer days on the market.

STEP 1-PLAN

STEP 2-CHOOSE

You and your real estate agent work together to determine what services will increase your home’s value the most.

You will receive competitive bids for each service chosen from among several CB-LP Program approved service providers, your favorite contractor can also bid.

SOLD

STEP 3-RENOVATE

STEP 4-CLOSE

Finalize the paperwork and start your project!

You’re onyour way to preparing your home for the market!

CB-LP Program pays for the services upfront, and when the listing sells, the total cost will be repaid from the proceeds with no interest or hidden fees.

The Coldwell Banker - Campbell Realtors Listing Preparation Program is administered through an exclusive partnership with a service provider that can help many homeowners prepare their homes for the market simultaneously. However, there are limitations, restrictions, and maximum loan-to-value ratio considerations. Contact your Coldwell Banker-Campbell Realtors agent for the program details.

COLDWELL BANKER Campbell Realtors 1720 Pacific Coast Hwy, Suite 101 Huntington Beach, CA 92648

Local Postal Customers

#1

Top-Performing

COLDWELL BANKER AGENT IN ORANGE COUNTY IN 2019

Congratulations!

SCOT CAMPBELL

DRE#00943759 / RANKING BASED ON GCI / SOURCE: COLDWELLBANKER ESTATE, LLC.

#1 INDIVIDUAL COLDWELL BANKER AGENT IN HUNTINGTON BEACH #25 INDIVIDUAL COLDWELL BANKER AGENT IN THE STATE OF CALIFORNIA Scot Campbell, Broker / Global Luxury Specialist

714.336.0394 Cell / Text / scot@campbellrealtors.com / www.scotcampbell.com DRE #00943759