Huntington Beach Real Estate Market Comparison Report (march 2009 Vs. March 2010)

We analyze several housing market indicators in order to present an in-depth breakdown

of Huntington Beach Real Estate Market comparing March 2009 to March 2010.

Summary of Key Points

Huntington Beach Real Estate has started showing signs of improvement with median sales price climbing up while at the same time houses are selling faster.Number of units sold increased and sellers received 96% of asking price.

Key Statistics, Huntington Beach, CA: Median Sales Price (8.72%), Median Days on Market (-14.50%), and Number of Units Sold (7.79%), Sales Price to List Price Ratio (March 09 91% - March 10 96%)

Huntington Beach Real Estate

The city of Huntington Beach experienced a 8.72% increase in median sales price from last year going up from $702,217 (March 09) to $763,452 (March 2010). Median days on market data for Huntington Beach show that houses are selling faster than March 09. It took 85 days in March 09 for a house to sell and for March 10 that number has gone down to 72 days (a 14.50% improvement). Another important factor to consider is total number of units sold. In the month of March 09, 77 units were sold compared to 83 for March 10 (7.79% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Huntington Beach. SP/LP ratio for March 09 was 91% compared to 96% for March 10.

Lets take a brief look at neighbors Newport Beach and Tustin. Newport Beach Real Estate featured a 35.24% increase in median sales price ($1,243,000 March 09 - $1,681,094 March 10) and Tustin Real Estate saw an 19.81% increase ($570,251 March 09 - $683,226 March 10). Are houses in Newport Beach and Tustin selling faster or slower this year? Well, Newport Beach experienced a 15.40% decrease (117 to 99 days) in median days on market and Tustin saw a 0.48% decrease (58 to 58 days). In the units sold category, Newport Beach sold 26 units more (118.18%) in March 2010 than 09 and Tustin sold 15 units more (60.00%) in March 2010 than March 09.

for viewing the latest market inventory

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In addition you will find comprehensive Lending information on FHA, VA, USDA, and Conventional Loans. There are web pages for each major city in California with loan products specific to the city including City Down Payment assistance offered.

HomeSearchFinder.com provides a Proprietary Affordability Mortgage Calculator. It matches your profile against the programs our lenders offer and instantly communicates the PreQual Mortgage amount and the Purchase price you are eligible for.

by: Shaye P

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