I am hosting our 11th Annual FREE PUMPKIN PATCH at the Beach on Saturday, Oct 21, 2023 ~ 10AM to 2PM. The event is going to be at my oceanfront office: 1720 Pacific Coast Highway, Huntington Beach, CA. Every child gets a Free Pumpkin + Face painters, balloon artists, and a chance to win $100 by Guessing the Weight of the Giant Pumpkin (winner keeps pumpkin).
Global Luxury Specialist
COLDWELL BANKER-Campbell Realtors
714.336.0394 Mobile
scot@campbellrealtors.com
DRE# 00943759
scotcampbell.com
There are many things to consider before you “sell” a personal residence or investment property. And, strangely enough, there are things to consider before you “continue to hold” a property.
I regularly author & publish money saving SPECIAL REPORTS on my website. These reports answer your questions related to Capital Gains Taxes, Property Tax Assessment Portability, Methods to Defer or Reduce Taxes, and more:
• What is IRS SECTION 121 and How is it applicable to the sale of your home?
• Q&A on State of California PROPOSITION 19 (New Info on Transferring Property Taxes)
• How PROPOSITION 19 affects property taxes on inherited property.
• Step-Up in Basis ~ What It Is How Does It Apply to Real Estate?
• What can Homeowners Facing A Big Capital Gain Tax Liability do to “Sensibly Make a Move”?
• Residential Installment Sales ~ Who should consider this type of a home sale?
• Here are 50 real estate terms you should know.
To read these SPECIAL REPORTS go to: www.scotcampbell.com/special-reports or Scan the QR Code
“SPECIAL REPORTS”
Despite a Spike in mortgage rates to 7.31%, the available homes are still selling well. We are now experiencing Balanced Market Conditions due to the low supply of homes on the market.
Days of Supply* is the best overall indicator of the strength/weakness of the real estate market. From late 2020 until the 1st Quarter of 2022, the Days of Supply reached as little as 20 days… this was the strongest “seller’s market” on record. But, as mortgage rates spiked in mid-2022, the Days of Supply reached a peak of 97 days in October 2022.
In Spring 2023, a “record low” number of new listings resulted in the Days of Supply falling into the 40s again. On October 2, the reading was 60 days, which indicates we have trending into a “Balanced Market”. Conditions still slightly favor sellers despite mortgage rates reaching a 22 year high.
*Days of Supply is defined as the number of days required to sell all the homes currently on the market at the present rate of home sales.
Come join the Waterfront Lifestyle offered by this Coastal Contemporary Home. Lite & brite, it was built to take advantage of an amazing 97 foot waterfront lot & must be seen to be appreciated!
Be sure to check out the Walk-Thru 3D Tour!
October 3, 2023 ~ by
Scot Campbell, Realtor
~ Source: Reports on
With sky-high rates and a collapse in home affordability, many wrongly conclude that there will be a wave of foreclosures and it is just a matter of time before the housing market crashes. Wrong, there is presently No Distress in the market and No Crash in Housing being predicted by experts. Collectively, homeowners across the U.S. are healthier than ever before (Their payments are low because most refinanced below 3.5%), which will prevent distressed sales and a housing crash.
Housing• The active listing inventory in the past couple of weeks decreased by 13 homes, down 1%, and now sits at 2,340, its lowest reading since the start of July. It is the second lowest mid-September reading since tracking began in 2004, with only 161 more homes than 2021, the lowest level by far. In September, 37% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,114 less. Last year, there were 3,646 homes on the market, 1,306 more homes, or 56% higher.
• Demand, the number of pending sales over the prior month, decreased by 60 pending sales in the past two weeks, down 4%, and now totals 1,414, the lowest end-of-September reading since 2007. Last year, there were 1,598 pending sales, 13% more than today.
• With demand falling faster than the supply, the Days of Supply (the number of days to sell all OC listings at the current buying pace), increased from 48 to 50 days in the past couple of weeks, its highest level since the end of January. It was 68 days last year (so the market is stronger now for SELLERS than a year ago).
The bottom line is that your Orange County home will sell relatively quickly if you ask me to put it on the market for you. See my website if you would like to read how I will get Top Dollar for you:
www.ScotCampbell.com/my-marketing-plan
18835 Huntington Street | Huntington Beach
“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!
IN ESCROW | PRICED AT: $998,000
17551 Griffith Circle | Huntington Beach
“Interior Tract Location – Close to Marine View School”
4 Bedrooms | 3 Baths | SINGLE STORY with an ADDED Family Room + 2nd Level Bedroom & Full Bath which is ideal for guests & multi-generational households
2 Car Garage | Quiet Location & Private Back Yard
IN ESCROW | PRICED AT: $1,250,000
Co-Listed by Scot Campbell & Jennifer Polich
“Modern Home with 3 Level Elevator Built in 2020”
4 block stroll to Pacific City & the Main Street Village.
3 BR + Office + Bonus Room | 4.5 Baths | Open Floorplan
Huge Front Patio | Approx. 3,341 SqFt | Oversize Lot
Designed to maximize living area & balcony/deck space.
ON MARKET | PRICED AT: $2,695,000
12200 Montecito #B114 | Seal Beach
“Desirable Rossmoor Area” “
Fantastic Gated Complex with 2 Pools, Clubhouse, & Work-Out Room | 2 Bedrooms | 2 Full Baths | 1 Parking Space | 1,010 Sqft | Ground Floor | Patio | Short stroll to shopping & Freeway Close
ON MARKET l PRICED AT: $625,000
For information on homes JUST LISTED by Scot Campbell www.MyCurrentListings.com
