The data from home sales for the month of January came out today and it continues to show soft prices for homes in Coastal Orange County. The median price of a single family home in Coastal Orange County came down for the month of January and the average days on market rose from 86 to 95 days.  In addition the number of homes on the market did increase by 3% from the month of December.  All in all the data is still telling us this is a buyers market right now.  Homes that are priced correctly are selling and sellers priced for top dollar are sitting for a while.  It is of note that December and January are typically the slowest months of the year for home sales and most economic forecasts show Orange County home prices rising by a modest (5%-10%) in

…

Huntington Beach Housing Report

For the week ending February 8 2015 there were 38 homes listed for sale in Huntington Beach.  Of that 24 were single family homes with an average price of $1,130,254.  The lowest priced single family home listed last week was 16881 B Ln.  This 3 bedroom 2 bath home has 1159 square feet and was priced at $449,000.  The highest priced home listed last week was 16361 Maruffa Cr and is located in Huntington Harbor.  This 5 bedroom 6 bath 4200 square foot tuscan home was fully remodeled in 2012 and offers 90' of water frontage with a dock large enough for a 78' vessel.  The average price of a condo or townhome listed last week was $473,953 with the lowest price being a 1 bedroom 1 bath short sale auction at 6600 Warner

…

 

Newport Beach Housing Report

For the week ending on 2/8/15 there were 34 homes that were listed for sale in Newport Beach.  The total value of real estate listed was $81,733,688 with an average price of $2,335,248.  The lowest price home listed for sale was 1408 Clay St in Newport Heights.  This is a 1 bedroom 1 bath condo is nicely upgraded and is large for it being a one bedroom at 1026 square feet.  The most expensive home listed for sale in Newport Beach last week was 304 Morning Star in Dover Shores.  Listed for $6,995,000 this 3 bedroom 4.5 bath 4200 square foot home is stunning and located on the water with over 100 feet of harbor frontage.  There is also a dock large enough to park a 70', 40' and 24' yacht.     Also last week…