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Huntington Beach May 2023 Realty Digest by Scot Campbell

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JUST LISTED: 1821 Lake Street, Downtown Huntington Beach “Park Area” Vintage Home 2 BR + Office | 2 BA SINGLE STORY | Added Family Room | 1658 ASqFt | 2 Car Garage | 5875 SqFt Lot

Here is your opportunity to Restore/Remodel/Add-onto a Vintage Downtown Huntington Beach “Park Area” home which has been in the same family for over 70 years! It has been lovingly enlarged & maintained over the years with many vintage features still in place including the kitchen, original hall bath, plaster ceiling elements, & more. Listed at $1,399,900

SCOT

Luxury Specialist COLDWELL BANKER-Campbell Realtors

714.336.0394 Mobile

scot@campbellrealtors.com

DRE# 00943759

REALTY
Downtown
DIGEST MAY 2023 / Circulation 17,500 Monthly / www.ScotCampbell.com
HB | Seacliff | Edwards Hill | Huntington Harbour | Sunset Beach | Brightwater
CAMPBELL Global
scotcampbell.com

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!

SCOT CAMPBELL | Global Luxury Specialist | COLDWELL BANKER-Campbell Realtors 714.336.0394 Mobile / scot@campbellrealtors.com / www.scotcampbell.com / DRE# 00943759 H appiness is M atc H ing H o M e B uyers wit H H o M e s ellers

How’s the Huntington Beach Market?

Remarkably, the Days of Supply reading of just 42 on May 11, 2023 indicates conditions have moved from a “Balanced Market” a few weeks ago to a “Strong Seller’s Market” presently. The normal seasonal rise in the demand for homes coupled with a very low inventory of Homes For Sale have made conditions favorable for sellers again.

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

Read Monthly HB Market Report at: www.HowisTheHBmarket.com

CLOSED: 3 BR+ Office | 2 Full BA | 2 Half BA 1,963 Asqft | $1,090,000 | 16871Airport.com

CLOSED: Remodeled “Boardwalk” 4 BR | 4.5 BA 4,417 SF | $3,650,000 | 6671SilentHarbor.com

CLOSED: Custom Built home in the “Park Area” 6 BR | 5 BA | 2 HBA | $3,200,000 | 1814Main.info

CLOSED: Huntington Harbour “Trinidad Island” $3,950,000 | Scot Campbell & Jennifer Polich

CLOSED: 3-Story Beach House in Downtown HB 3 BR | 3.5 BA | $1,799,000 | 1203Delaware.com

CLOSED: Huntington Pacific Oceanview Condo 2 BR | 1.5 BA | Off Market | Quiet Sale | $1,299,000

JUST SOLD BY SCOT CAMPBELL Visit my webpage to view details & photos of my most recent sales! www.MyJustSoldListings.com

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.

60813th.info

Orange County Housing Market Update

SUMMARY: Today’s housing market is hot and will not change much anytime soon. There is no crash in sight.

Buyer, seller, and all consumer expectations should be grounded in facts, not the hype of social media channels continuously pushing false narratives… and newspaper columnists who “stretch the facts” for reasons unknown to those of us in the industry.

Active Listings - The active inventory increased by 3% in the past couple of weeks.

The active listing inventory increased by 63 homes in the past two weeks, up 3%, and now sits at 2,139 homes, its largest rise of the year. The 3-year average rise before COVID (2017 to 2019) was 259 homes. Last year, it surged higher by 17%, adding 348. The 63-home rise is doing very little to address the inventory crisis that is starved for more available homes. Homeowners continue to “hunker down” in their homes, unwilling to move due to their current underlying, locked-in, low fixed-rate mortgage. For April, 2,037 new sellers entered the market in Orange Couty, 1,983 fewer than the 3-year average before COVID (2017 to 2019), 49% less.

Demand decreased by 3% in the past couple of weeks. Demand, the number of new escrows over the prior month, decreased from 1,706 to 1,660 in the past couple of weeks, down 46 pending sales, or 3%. Today’s level is the lowest for mid-May since 2020,when it climbed to 1,622. It is crucial to understand that today’s demand readings are not only impacted by higher mortgage rates and unaffordability but also substantially affected by significantly fewer sellers coming on the market.

Demand may be low, but the buyers in the house-hunting game are competing against each other for very few available listings.... The market is very hot despite lower demand and fewer sales.

Last year, demand was at 2,179, 31% more than today, or an extra 519. The 3-year average before COVID (2017 to 2019) was 2,765 pending sales, 67% more than today, or an additional 1,105.

The Days of Supply (the number of days to sell all Orange County listings at the current buying pace) climbed from 37 to 39 days (Strong Seller’s Market) in the past couple of weeks. The 3-year averagebefore COVID was 68 days (Balanced Market), a much slower pace than today.

Get a FREE no obligation Home Value Report at: www.HBhomeValue.com The system instantly delivers a report which includes value estimates from three independent sources.

1806 Lake Street | Downtown Huntington Beach

“Lake Park Estates”

Comprehensive Luxury Quality Remodel | 2 Bedrooms

Office with Murphy Bed | 2 Full Baths | 1 Half Bath |1,590

Asqft | 2 Car Attached Garage | Private Front Patio

Large Side Patio | Spa | Firepit | BBQ | Dining Area

NEW LISTING | PRICED AT: $1,675,000

www.1806Lake.info

3692 Aquarius Drive | Huntington Harbour

“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

COMING SOON by Scot Campbell & Jennifer Polich

www.3692Aquarius.info

18835 Huntington Street | Huntington Beach

“Near 5-Points Shopping Center”

3 Bedrooms | Office | 2 Full Baths | 1 Half Bath | Island

Kitchen | Fireplace | 1,750 Asqft | 2 Car Attached

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

Dining | Very Quiet Location

COMING SOON

www.18835Huntington.info

7806 Seabreeze | Downtown Huntington Beach

“Seaside Village Community”

Rarely Available Plan C | 3 Bedrooms | 2 Full Baths 1 Half Bath | 1,705 Asqft | End Unit with Adjacent

Greenbelt | Large Pet Friendly Fenced Patio | 2 Car

Attached Garage | Short Stroll To Pacific City & Beach

NEW LISTING | PRICED AT: $1,149,000

www.7806Seabreeze.info

For information on homes JUST LISTED by Scot Campbell

www.MyCurrentListings.com

My New Website Has Amazing Features for Buyers! You can now search all current listings in the Realtor MLS for most areas of Southern California. For your convenience, I created Listings by Neighborhood in the “For Sale in HB Menu”. You are one click away from seeing what is for sale in several Huntington Beach areas: Downtown Huntington Beach, Seacliff, Edwards Hill, Huntington Harbour, Brightwater, Surfside/Sunset Beach, Beachwalk, Summerlane, Pacific Ranch, The Waterfront, Bolsa Landmark, Pacific Shores, Huntington Court/Place, Meredith Gardens, & Huntington Landmark (Age 55+). In the OC Homes menu, there are saved “Lifestyle Category” listing searches including: Golf Course Views, Homes with Boat Docks, On-the-Sand, Horse Property, Pool Homes, Starter Homes, New Construction, and more! COLDWELL BANKER Campbell Realtors 1720 Pacific Coast Hwy, Suite 101 Huntington Beach, CA 92648 Local Postal Customers Having Thoughts of Buying A Home? SCOT CAMPBELL | Global Luxury Specialist | COLDWELL BANKER-Campbell Realtors 714.336.0394 Mobile / scot@campbellrealtors.com / www.scotcampbell.com / DRE# 00943759 It has never been easier to find the home you want, take a look at: www.ScotCampbell.com The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal verification. ©2023 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
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