34% of Huntington Beach Homes Sold are Distressed

Huntington Beach Real Estate Minute –

Huntington Beach Homes Report

Huntington Beach well known as “Surf City USA” with its excellent surfing has 8.5 miles of beaches and over 200,000 residents with 11 million visitors annually coming to see events such as the US Open of Surfing, the Surf City USA Marathon and AVP Pro Beach Volleyball.

Surf City USA

It is also known as one of the 10 safest cities. Huntington Beach Real Estate offers a wide variety of housing from moderately priced condos to multi-million dollar estates.

Below is the current report for Huntington Beach Homes for sale:

huntington beach homes

huntington beach homes


huntington beach homes

We are still seeing significantly more short sales in escrow than bank owned foreclosures or REOs indicating that short sales are still making up a large part of the market and that they are still taking a significant amount of time to close when they are successful. This affects the market in a few ways. Sometimes short sales are priced unrealistically and can have an effect on the values as seen by the buyers. Also, they can leave a glut on the market as the banks work through the short sale process. Of the homes sold in Huntington Beach in June, 34% of them were distressed, generally meaning they were either a short sale or an REO/bank owned foreclosure.

Huntington Beach is currently a seller’s market, just barely, though it has been a more balanced market over the past few months.

For more information about selling or buying a home in Huntington Beach, please call Christine Donovan at 714.319.9751.

See homes for sale in Huntington Beach below.

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Click Huntington Beach homes to see homes currently for sale.
For market reports in other nearby areas, please see below:

Central Costa Mesa Homes

Costa Mesa Homes

Mesa Verde Costa Mesa Real Estate Report

Westside Costa Mesa Homes

Eastside Costa Mesa Homes

South Coast Metro Costa Mesa Homes

Huntington Beach Real Estate News

Newport Beach Homes

Fountain Valley Real Estate News

Balboa Peninsula Real Estate Report

Newport Heights Real Estate News

Lido Isle Real Estate News

Balboa Island Real Estate News

Versailles Real Estate News

Newport Shores Real Estate News

Newport Terrace Homes

Corona Del Mar Homes

Villa Balboa Real Estate News

Dover Shores Real Estate News

Newport Crest Real Estate News

Glen Mar Real Estate News

Copyright © 2011 by Christine Donovan, All Rights Reserved. Huntington Beach Real Estate News- Huntington Beach Market Report.

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