Realty Digest April 2022 by Scot Campbell, Broker

April 2022 / Circulation 19,500 Monthly

/ www.RealtyDigestOnline.com

Downtown HB | Seacliff | Edwards Hill | Huntington Harbour | Sunset Beach | Brightwater | Summerlane | Bolsa Landmark

NEW LISTING: 16385 Maruffa Circle “Humboldt Island” Huntington Harbour

Remodeled waterfront home with rebuilt boat dock on a quiet cul-de-sac.

4 BR | 3 BA | 2,950 Approx.SqFt | 5,000 SF Lot | Amazing Open & Covered Patios Configured with Upstairs Kitchen to take advantage of Sunset Water Views!

For 3D Tour & Details GoTo: www.16385Maruffa.info

Happiness is Getting your Home Sold while it is Still a Seller’s Market My name is Scot Campbell, and I have been an active Realtor for over 30 years in Huntington Beach.

I have personally brokered over 3,500 homes. When you list with me it will be “you & I” working together…

I will NOT delegate your file to a Junior Associate as is customary in the large “Groups/Teams”.

I have been living & loving the Huntington Beach Lifestyle since 1973, and I graduated from Smith, Dwyer, & HBHS. I attended college at nearby CSU Fullerton so I could be home on weekends. My Graduate Studies were in Real Estate Economics, and my bachelor’s degree is in Real Estate Finance. I know the Huntington Beach real estate market like no one else, and I come highly recommended: All 5-Star Reviews!

If you are having thoughts of selling your property, I will get you top dollar with a nice smooth escrow.

Sincerely, Scot Campbell SCOT CAMPBELL / COLDWELL BANKER-Campbell Realtors Global Luxury Specialist 714.336.0394 Mobile / scot@campbellrealtors.com / www.scotcampbell.com / DRE #00943759

How’s the Huntington Beach Market?

The “Days of Supply” is the best indicator of market conditions, and presently the reading is just 28 days indicating Strong Seller’s Market Conditions.

The below graph illustrates market conditions over the last eight years. The market reaction to the elimination of the mortgage interest deduction can be seen in Q4 2018 and Q1 2019. The immediate “CV-19 Shock” can be seen in April-May 2020, followed by the Strongest Seller’s Market Conditions ever seen persisting during all of 2021.

Now is a remarkably good time (the best ever seen) to sell a home in Huntington Beach.

To read my complete report on the Huntington Beach Real Estate Market go to: www.HowsTheHBmarket.com

For an Instant Home Value Report for your home go to: www.HBhomeValue.com

Orange County Housing Summary Source: Reports on Housing 4/18/22 For the first time since June 2020, the general inventory of homes has been generally increasing rather than decreasing. Although conditions still strongly favor sellers, the market has started to transition back toward more normal conditions most likely due to higher mortgage rates: The active listing inventory surged higher by 180 homes, up 12%, and now totals 1,732 homes, still its lowest level for this time of the year since tracking began 18 years ago. In the first couple of weeks of April, there were 23% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 476 fewer.

Last year, there were 2,384 homes on the market, 652 additional homes, or 38% more.

Demand, (the number of pending sales over the prior month), decreased by 45 pending sales in the past two weeks, down 2%, and now totals 2,241, its first drop of the year. Last year, there were 3,070 pending sales, 37% more than today. The 3-year average prior to COVID (2017 to 2019) was 2,777, or 24% more.

With supply surging higher and demand dropping, the Days of Supply (the number of days to sell all Orange County listings at the current buying pace), increased from 20 to 23 days in the past couple of weeks. This shows a slight movement away from an insanely Hot Seller’s Market.

The Days of Supply is the best overall indicator of the strength of the market, and sellers still have the upper hand for the time being.

Mortgage Rates Hit Five Percent MCLEAN, Va., April 18, 2022 Freddie Mac today predicted that the single-family purchase market will remain solid in 2022 despite increases in mortgage rates. A new Quarterly Forecast released by the company’s Chief Economist estimates that rising rates will lead to moderation in homebuyer demand and house price appreciation. But overall, the housing market will remain a bright spot in the U.S. economy.

MODERN OCEANFRONT HOME ON SAND | Sweeping Ocean & Sunset Views! www.16351sPacific.info

40’ X 70’ Corner Lot | Built in 2021 | Ab o ut 6,300 SqF t o f Living Area | 6 Bedro o m s 6 Ba t hs 2 H a l f Ba th s | 3 C a r Ga ra ge | Mult iple Ent er t aining Areas | Elevator

Just Listed! Call for Details & Showing Information | List Price $9,995,000

OCEANFRONT PIER COLONY PENTHOUSE Details & 3D Tour: www.200PCH332.com

Remodeled & Furnished | About 1,500 SqFt of Living Area 2 Bedrooms + Loft | 2.5 Baths | 2 Secured Parking Spaces Prime Location | Guard Gated | Resort Quality Pool/Spa Pier Colony is the premier Oceanfront Condominium Resort community in Downtown Huntington Beach. No. 332 is the best located and most highly upgraded unit in the development. Amazing whitewater, pier, & sunset views, just steps to the sand!

In Escrow Multiple Offers List Price $2,250,000

3355 Tempe Dr, “Seabridge” Huntington Harbour

615 8th Street, “Downtown” Huntington Beach

3D Tour & Details: www.3355Tempe.info

3D Tour & Details: www.6158thStreet.info

3 BR | 3 BA | 1,580 Asqft | 2 Car Gar | Contemporary

NEW LISTING | Call to Schedule Showing

6362 Maruffa Circle, Huntington Harbour

3 BR + Office | 2.5 BA | 2,550 Asqft | 3rd Floor Sundeck

COMING SOON | Call to Schedule Showing

16641 S.Pacific, Sunset Beach

105 Feet on Water | Over 4,600 SqFt of Living Area

Brandon Architects | On the Sand | 5 BR | 5.5 BA | Elevator

IN ESCROW | Listed at $4,750,000

SOLD by SCOT | $6,995,000 | Full Price Mulitple Offers

3D Tour & Details: www.16362Maruffa.info

308 3rd Street, Huntington Beach

Asqft 2,976 SqFt | 3 BR | 3 BA + 2 Half BA Elevator | Built in 2019

SOLD by SCOT | $2,910,000 | Represented Buyer

www.16641sPacific.info

1814 Main Street, “Park Area” Huntington Beach Built 2014 | 6 BR | 4 BA | 2 Half BA | 5,563 Asqft Guest House Arrangement | 7,625 SF Lot | 4 Car Gar

COMING SOON | For Details: www.1814Main.info

Scot Campbell uses the Same Quality Imagery to market all his listings whether the home is a 2 Bedroom Cottage or this $2.368 Million Off-Water Trinidad Island home which he Sold for a Record Price!

Link to the Realtor MLS Listing with HDRI Enhanced Photography: www.3531VentureMLS.info When Scot Campbell put 3531 Venture on Trinidad Island in Huntington Harbour on the market, all the HDRI enhanced photography, 3D tour, and Drone Video were instantly published in the MLS. Within moments buyers began viewing images & tours… and setting appointments for a personal viewing.

There were multiple offers immediately following the two “showing days”… the home was bought by a wonderful family who will raise their children in this prized neighborhood.

There were 90 views of the walk-through 3D tour in the first 3 days the home was on the market, and over 15 buyer groups who were enticed to come for an in person showing after viewing the imagery!

If you would like your home marketed with the same quality HDRI enhanced photography, 3D Tour, and Drone Video that SOLD 3531 Venture Drive well above asking price, contact Scot Campbell.

Virtual Tour:

www.3531Venture3Dtour.com

Aerial Tour: www.3531VentureAerial360tour.com

6621 Polo Circle, “Edwards Hill” Huntington Bch

614 16th Street, “Downtown” Huntington Beach

3D Tour & Details: www.6621Polo.info

3rd Floor Bonus Room & Sundeck | Patio | 2 Car Gar

SOLD by SCOT | $4,696,000 | Represented Seller

SOLD by Scot | $2,215,000 | Represented the Buyer

19857 Saltwater Circle, Huntington Beach

525 21st Street, “Downtown” Huntington Beach

3D Tour: www.19857Saltwater.info

3D Tour & Details: www.52521st.com

Over 7,600 SqFt of Living Area on 15,600 SqFt Flat Lot

3 BR | 3 BA | 2Half BA | 2,900 Asqft | Middle Level FR

3 BR | 2 BA | 1,386 Asqft | 2 Car Garage | Plan B

Oceanpointe Home | 3 BR | 3.5 BA | 2,696 Asqft

SOLD by SCOT | $1,052,000 | Represented Seller

IN ESCROW | $1,995,000 | Representing Seller

7202 W. Oceanfront, Newport Beach

3243 Moritz Dr, “Broadmoor” Huntington Harbour

4 BR | 3.5 BA | 2,790 SF | 2 Car Garage

2 BR | 2 BA | 1,348 Asqft | 2 Car Garage | Completely Remodeled!

SOLD by SCOT | SOLD Full Price | $7,750,000 | Represented Seller

SOLD by SCOT | $1,275,000 | Scot Represented Buyer & Seller

3D Tour & Details: www.7202oceanfront.info

3D Tour & Details: www.3243Moritz.info

Recently Closed by Scot Campbell

www.10505Morada.info

www.308Huntington.info

Represented Buyer

Represented Seller

Represented Buyer & Seller

Represented Both Listings

www.16452Germain.info

Represented Seller

Represented Buyer & Seller

www.313PCH3Dtour.info

Represented Seller

Represented Seller

Represented Seller

Represented Seller

Represented Seller

Represented Seller

Represented Seller

3243 Moritz

www.62718th.info

www.516Ashland.info

www.7922Rhine3Dtour.Info

www.16412ardsley.info

www.216Hartford3Dtour.info

Represented Seller

Represented Seller

Represented Buyer

www.19481Pompano3Dtour.info

www.16455Ladona.info

SPOTLIGHT Prescott , Arizona Dena Plane was a Huntington Beach Realtor before moving to Prescott, Arizona to sell real estate in the 2000s. They love the area because it remains about 10 to 15 degrees cooler than Phoenix and 10 to 15 degrees warmer than Flagstaff.

It’s the perfect mild, four-season community. Here is a great community video: www.prescottspotlight.com.

We moved from Orange County, CA to Prescott 15 years ago

by Dena & Dave Plane 928-830-6976

We moved to the area due to its moderate climate, lakes for kayaking, hiking trails, & signature golf courses. It is one of the best places to retire with activities for all ages. To the right are some examples of available homes: #1) New Prescott Home:

3 BR, 3 BA, 2315 SqFt, $959,000

#2) New Prescott Home:

2 BR, 3 BA, 2081 SqFt, $874,000

#3) Prescott Home Built 202:

3 BR, 2 BA, 2135 SqFt, $795,000

Thinking about a move out of SoCal? How about Prescott, AZ? We are homeowners & Realtors in the community, and enjoy helping people from Orange County find their dream home.

Feel free to reach out to Dena & Dave...Or, if you have had thoughts of relocating to other popular areas like: Pheonix, Sedona or other states like Tennessee, Idaho, Texas, or Florida, I have experienced Realtors I can connect you with.

W hat’s M y Home Worth?

GoTo: HBhomeValue.com

COLDWELL BANKER Campbell Realtors 1720 Pacific Coast Hwy, Suite 101 Huntington Beach, CA 92648

Local Postal Customers

Having Thoughts of Selling your Home?

If so, email/text me the address, and I will send you a Custom Home Value Report… or order an instant value report at: www.HBhomeValue.com

Want to see All the Recent Sales Activity in your Neighborhood?

I post Market Updates monthly for: Downtown HB, Seacliff, Edwards Hill, Huntington Harbour, Brightwater, Bolsa Landmark, & Summerlane at: www.HBneighborhoodSales.com

How is the Huntington Beach Market?

Read a Monthly Report at: www.HowisTheHBmarket.com

How is the Orange County Market?

Read a Quarterly Report at: www.HowisTheOCmarket.com

SCOT CAMPBELL / COLDWELL BANKER-Campbell Realtors Global Luxury Specialist 714.336.0394 Mobile / scot@campbellrealtors.com / www.scotcampbell.com / DRE #00943759 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. ©2022 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.