Huntington Beach Market Update

AREA
REPORT

HUNTINGTON BEACH (CA)

DECEMBER 2022 | ALL PROPERTY TYPES

Dear Homeowner,

Here is your latest Area Report, analyzing data as it affects a specific market area. The Market Summary below offers a look at sales activity for the prior month and year, along with current and past year-to-date statistics. The graphs cover several different aspects of the real estate market. Note how some of the graphs break out trends by price increments. Please contact us if you would like more information on the current market.

SCOT CAMPBELL

Direct: 714-336-0394

sdcampbellrealtor@gmail.com

www.scotcampbell.com

AREA
REPORT

Huntington Beach (CA)

FULL MARKET SUMMARY

December 2022 | All Property Types

	Month to Date			Year to Date
	December 2022	December 2021	% Change	YTD 2022	YTD 2021	% Change
New Listings	57	101	-43.56%	2047	2401	-14.74%
Sold Listings	103	174	-40.8%	1666	2296	-27.44%
Median List Price (Solds)	$1,097,000	$998,500	9.86%	$1,104,500	$975,000	13.28%
Median Sold Price	$1,050,000	$1,075,000	-2.33%	$1,138,000	$990,000	14.95%
Median Days on Market	28	10	180%	13	10	30%
Average List Price (Solds)	$1,264,584	$1,160,017	9.01%	$1,295,341	$1,132,761	14.35%
Average Sold Price	$1,217,216	$1,182,802	2.91%	$1,297,069	$1,140,630	13.72%
Average Days on Market	37	22	68.18%	24	22	9.09%
List/Sold Price Ratio	96.8%	102.6%	-5.62%	100.9%	101.3%	-0.4%

SOLD AND NEW PROPERTIES (UNITS)

December 2022 | All Property Types

Sold Properties | Number of properties sold during the year
New Properties | Number of properties listed during the year.

MEDIAN SALES PRICE AND NUMBER OF SALES

December 2022 | All Property Types

Median Sales Price | Price of the “”middle”” property sold -an equal number of sales were above and below this price.
Number of Sales | Number of properties sold.

AVERAGE SALES PRICE AND AVERAGE DAYS ON MARKET

December 2022 | All Property Types

Average Sales Price | Average sales price for all properties sold.
Average Days on Market | Average days on market for all properties sold.

SALES PRICE AS A PERCENTAGE OF ORIGINAL PRICE

December 2022 | All Property Types

Sale Price as a Percentage of Original Price | Average sale price of property as percentage of final list price.

AVERAGE SALES PRICE AND NUMBER OF PROPERTIES FOR SALE

December 2022 | All Property Types

Average Sales Price | Average sales price for all properties sold.
Properties for Sale | Number of properties listed for sale at the end of month.

PROPERTIES FOR SALE AND SOLD PROPERTIES

December 2022 | All Property Types

Properties for Sale | Number of properties listed for sale at the end of month.
Sold Properties | Number of properties sold.

AVERAGE ASKING/SOLD/UNSOLD PRICE

December 2022 | All Property Types

Unsold Price | the average active list price
Asking Price | the average asking price of sold properties
Sold Price | the average selling price

ABSORPTION RATE

December 2022 | All Property Types

Absorption Rate | Looks at the past year’s monthly supply of inventory. In a normal market there should be a 6 month supply. The higher the rate above 6 the more aggressive a seller has to be with the competition; price and having a picture perfect property.

MONTHS SUPPLY OF INVENTORY

December 2022 | All Property Types

Months Supply of Inventory | Properties for sale divided by number of properties sold.
Units Listed | Number of properties listed for sale at the end of month.
Units Sold | Number of properties sold.

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 Anywhere Advisors 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.