Realty Digest by Scot Campbell June 2023

H ome S eller S : I have heard it said many times by homeowners… “I do not want to put my home on the market, but if you have a buyer for my house bring them over for a look”.

If you are entertaining thoughts of selling your home but do not want to be on the market, please reach out to me because I might already be working with your buyer!

H ome B uyer S : The inventory of homes for sale is very low. Searching Zillow for the 10th time today is not going to make a difference in finding a home.

If you are looking to buy a place, please reach out to me because I may already know someone that wants to sell the property you want to buy!

How’s the Huntington Beach Market?

The Days of Supply spiked in the second half of 2022, reaching well into a Balanced Market… then fell into the Strong Seller’s Market Range in April 2023, and has since trended back to a Slight Seller’s Market in the last four weeks. Days of Supply was 54 on June 08, 2023.

Despite higher mortgage rates, sellers have an opportunity to sell for top dollar right now.

SOLD MULTIPLE OFFERS! $2,885,000

3 BR | 3.5 BA | 2856 SqFt | Built 2020 | Open Concept | 3rd Floor Bonus | Indoor/Outdoor Rm | Sundeck Wow, possibly the most beautiful newly built modern home you will see available for purchase this year on the Downtown Huntington Beach numbered streets. Exquisite Open Concept floor plan has modern inspired architectural concepts.

The “Best in the Industry” imagery for your home.

• Professional Photographer with years of experience

• High Dynamic Range Enhancement for all Still Photos

• Dramatic Aerials captured with 4K drone camera

• Lifelike Walk-Thru 3D Tour with “Live” option

• Detailed 2D Floorplan Drawing to illustrate the layout of the home

• YouTube Video with an assortment of “moving still” photographs

Many of the prospective purchasers in today’s market live out-of-area or frequently travel. Other buyers are very busy in their day-to-day even though they live nearby… regardless, all buyers appreciate convenience. There is no better way to entice a buyer to purchase your home than to list with Scot Campbell.

Orange County Housing Market Update

By Scot Campbell | 714-336-0394 | Scot@CampbellRealtors.com | Source: Reports on Housing | June12, 2023

Housing’s Summer Market has arrived, and with it comes an increase in inventory, a slight decrease in demand, and a rise in the Days of Supply. This summer, expect the Orange County housing market to slow slightly yet remain exceptionally competitive for buyers looking to purchase.

The end of May marks the beginning of the Summer Market for housing. As everyone turns their attention to fun in the sun, the housing market evolves and downshifts slightly. Spring is cyclically the hottest time of the year for housing. Buyers and sellers are transacting all year long, yet families with kids like to hit the market in the spring, enabling them to close on a home during the summertime when the kids are out of school. But, as soon as the school year ends, many families still have housing goals of selling and purchasing… As a result, summer is the second busiest time of the year for housing.

The active listing inventory increased by six homes in the past two weeks, nearly unchanged, and now sits at 2,196 homes, its lowest level for a start to June since tracking began in 2004. Last year, the inventory was 3,059, 39% higher, or 863 more. The 3-year average before COVID (2017 through 2019) is 6,501, an additional 4,305 homes, or 196% extra, nearly triple where it stands today.

Demand, a snapshot of the number of new escrows over the prior month, decreased from 1,665 to 1,595 in the past couple of weeks, down 70 pending sales, or 4%. Last year, demand was at 2,020, 27% more than today, or an extra 425. The 3-year average before COVID (2017 to 2019) was 2,766 pending sales, 73% more than today, or an additional 1,171.

The Days of Supply (the number of days to sell all Orange County listings at the current buying pace) increased from 39 to 41 days in the past couple of weeks. Last year the Expected Market Time was 45 days and cooling fast. This is the first time the Expected Market Time has been lower than the prior year since March last year. The 3-year average before COVID was 71 days, slower than today.

“Near 5-Points Shopping Center”

3 Bedrooms | Office | 2.5 Baths | Island Kitchen

Fireplace | 1,750 Asqft | 2 Car Attached Garage

Balcony | Patio Ideal for Pets, BBQ, & Outdoor Dining

Very Quiet Location | Close to Shopping!

NEW LISTING | PRICED AT: $1,050,000

www.18835Huntington.info

“Trinidad Island Off Water Home with Boat Dock”

Originally a 3 BR ~ 2 BA SINGLE STORY but now also has an Added 2nd Level 1 BR ~ 1 BA + Bonus Room, ideal for guests & multigenerational households | 2900 ASqFt | 2 Car Garage | Sunny & Private Back Yard

NEW LISTING | by Scot Campbell & Jennifer Polich

www.3692Aquarius.info

16421

“Seabridge Townhouses”

Beautifully Remodeled & Upgraded Two Level Townhouse

2 Bedrooms + Office | 2.5 Baths | 1,752 Asqft | 2 Car Att.

Garage Beautiful Sunset & Canal View from Office/Balcony

Fenced Patio | Boat Docks often available to rent

NEW LISTING | PRICED AT: $1,249,900

www.3262Sparkler.info

Goldenwest Estates “built by S&S”

Fantastic Home for Large or Multi-Generational Family

5 Bedrooms | Bonus Room 2 Full Baths | 1 Half Bath

3,062 Sqft | 3 Car Gar + 3 Car Driveway

Lots of Fruit Trees | Neighborhood Park

NEW LISTING | PRICED AT: $1,550,000

www.16421Whittier.info

For information on homes JUST LISTED by Scot Campbell

www.MyCurrentListings.com

18835 Huntington Street | Huntington Beach

Whitter Huntington Beach

3262 Sparkler Dr., Huntington Harbour

3692 Aquarius Drive | Huntington Harbour