Realty Digest by Scot Campbell, Real Estate Broker (Spotlight Huntington Beach)

January 2020 / Circulation 17,500 Monthly

Happy New Year Conditions for buying & selling real estate in Huntington Beach look excellent as we move into 2020 thanks to low interest rates and positive household income growth!

Homes sell faster for a higher price when they are prepared for the market. In 2020, my seller clients do not have to spend upfront on home improvements thanks to our exclusive area relationship with REVIVE.

Scot Campbell

Broker / Global Luxury Specialist 714.336.0394 Cell / Text scot@campbellrealtors.com Š 2020 Coldwell Banker Real Estate LLC. All Rights Reserved. Coldwell BankerŽ is a registered trademark licensed to Coldwell www.scotcampbell.com Banker Real Estate LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office Is Independently Owned And Operated Except Offices Owned And Operated By NRT Incorporated.

DRE #00943759

Days of Supply Indicates the Huntington Beach Market is "Balanced" or a "Slight Seller's Market" in most Price Segments

By Huntington Beach Realtor - Scot Campbell - 12/18/19 Source: Realtor MLS & Reports on Housing

Days of Supply is an excellent measure of market activity as it tells us how many homes are selling relative to the number listed.

On December 12, 2019 the reading was 64 days for the entire Huntington Beach market.

In Huntington Beach, strong "Seller's Market" conditions were observed when this measure fell into 40 to 50 day range. The weakest conditions (Buyers Market) we have seen in the last 10 years was January 2019 with a 125 day reading. "Balanced Market" conditions in the last 5 years in Huntington Beach appears to be in the 65 to 90 day range.

There was a 10 Month Sales Slump in the Huntington Beach Real Estate Market, but we are now experiencing a Sales Recovery The sales slump persisted from June 2018 thru March 2019. We saw ten months straight of home sales volume below the five-year average.

However, the slump has ended, in the last eight months, the sales volume has been higher than the five-year average in 5 of the 8 months.

Scot will get your property Sold, for Top Dollar... with Fewer Days on the Market!

Scot Campbell, Broker

Global Luxury Specialist 714.336.0394 Cell / Text scot@campbellrealtors.com www.scotcampbell.com DRE #00943759

Scot is the President of Coldwell Banker - Campbell Realtors in Huntington Beach, CA. He is a Certified Global Property Speicalist, and has been licensed for over 32 years.

He holds a California Real Estate Brokers License and was also Certified by the State of California to do real estate appraisals. As the Broker of Record for over 1400 closed sales in the last 10 years alone, he has handled just about every type of transaction imaginable. His undergraduate degree is in Real Estate Finance, and he did his graduate studies in Economics. As a Huntington Beach resident since 1973, he has been living & loving the Coastal Orange County Lifestyle for over 45 years. Have questions about real estate? Come visit him at his oceanfront office at Pacific Coast Highway & 18th Street. Scot will answer your questions... and the office has a great view!

16412 Ardsley, Humboldt Island, Huntington Harbour | ON MARKET | $4,200,000 Rebuilt Luxury Waterfront Home with 97 feet of frontage on beautiful Christiana Bay in Huntington Harbour! Plenty of room on the 85 foot dock for your yacht, Duffy, skiff, kayaks, sabot, & paddle boards‌ enjoy gorgeous views from the amazing waterfront sunroom where you can watch friends & family sail & paddle the nice calm water of the bay.

And, during the holidays, your fortunate guests will have a front row seat of the boat parade! No details were overlooked in the construction of this amazing contemporary home in 2011. Sound system, surveillance system, smart home features, gourmet island kitchen, climate controlled wine room, office with bay view, side-by-side aquariums, luxury quality finishes, and so much more!

4 Bedrooms + Office, 3.5 Baths | 4000+ ASqFt | 97 Feet on Water | 85 Foot Dock | 3 Car Garage Text 16412ardsley to (714) 874-8161 for Additional Info & Photographs

Huntington Beach Real Estate Sales JUMP 12.5% Year-over-year…

Days of Supply is now in the Slight Seller's Market Range Mortgage Rates still near 3-year lows. Fourth Quarter 2019 is a Great Time to Sell!

By Huntington Beach Realtor - Scot Campbell - 12/18/19 - Source: Realtor MLS/Reports on Housing

Mortgage Rates: Mortgage Rates spiked at 4.94% per the FreddieMac Mortgage Market Survey on 11/15/18. Now one year later, rates have come down to 3.73%. Jumbo rates seem to be even lower… a quick review of rates being quoted by large lenders on the web showed 3.625% for 30Year Jumbo loans, and 3.0% for 30-Year due in 10 years Jumbo loans. These mortgage rates are near 3-year lows.

The low mortgage rates are providing an attractive incentive to buy and will continue to offer an opportunity window for both buyers and sellers as we move into the end of the year.

A review of the November 2019 Huntington Beach Residential Closed Sales shows: Homes Sold: In November 2019, the entire Huntington Beach market saw a total of 135 houses, townhomes, and condos sold… 81 detached properties sold and 54 attached homes sold. The sales level was 5.33% lower than the fiveyear average for the month of November, and 12.5% higher than a year ago. Detached home sales decreased 3.6% and attached home closings increased 50% compared to November 2018.

Average Days on Market until Under Contract: The average days on market for November 2019 was 51. This measure is higher than recent months, but it reflects many homes selling which were on the market since the spring and early summer.

Price per Square Foot: The November 2019 Average Price per Square Foot ($PSF) for the entire market was flat yearover-year at $524 (Detached homes $551 and Attached homes $460).

Average Price: The average price of detached homes sold in November 2019 was $1,186,907 a increase of 7.6% compared to November 2018. For attached homes the average price was $613,938 a decrease of 7.4% from the same period last year.

Insight/Trend: The "Summer Selling Season" is over, and we are now in the "slow time" of the year. However, the Fall & Holiday markets are outperforming the Summer Market: June, July, & August sales were 148, 156, & 163 respectively. September saw 174 closings, October had 168, and November is a respectable 135.

Now is great time to transact real estate for both buyers and sellers. Favorable mortgage rates are helping to sell homes for sellers and decreasing payments for home buyers.

Homes priced under $1 million are experiencing more activity than the higher end of the market… but conditions have improved across the board.

Sellers: Hire a great Realtor & Brokerage to effectively market you home… then: Price your home correctly, prepare it for sale, and be ready to negotiate on terms that are acceptable to you. Understand the relative strength of your market segment, and then use it as your guide for pricing & marketing strategy.

Buyers: Mortgage Rates have dropped… This is a great time to be in the market… probably the best time in over 3 years!

Go to the “Newsletters” page on the “Resources” menu Of my website to read complete article and more charts.

The title of the article is: “HB Market Update Jan 2020” www.ScotCampbell.com Mobile Phone/Text: 714-336-0394 Email: Scot@CampbellRealtors.com Price Disclaimer: It should be noted that an increase in average price and average price per square foot of sold homes does not 100% correlate with appreciation of all homes. If buyers just happen to be focusing their purchase on luxury homes, it is possible to have an increase in the average price of sold homes while appreciation is flat. The same is true on the downside if buyers chose to buy mostly "fixer homes" in a particular month. The best way to value an individual home is by comparing it to similar homes recently sold in the same neighborhood.

3446 Windspun Drive, Huntington Harbour | ON MARKET | $1,300,000 Deepwater Seagate Townhouse with private boat dock! This waterfront "Davenport Model" has the most prized location in the development‌ watch the sunset from master suite! The sunny orientation for the large back patio makes it the place to be in the summer, and it offers a front row seat for the boat parade during the holidays. The boat dock is right behind the unit, and offers quick access to the main channel. Completely remodeled unit with luxury quality finishes‌ overall, the nicest Davenport Model I have seen in Seagate!

3 BR | 2.75 BR | 1,890+ ASqFt | Downstairs BR & BA | 2 Car Garage | Boat Dock

NEW HOME | 623 13th Street, Huntington Beach | JUST LISTED | $2,195,000 Beautiful Modern Farmhouse architecture‌ Ideal for an owner who wants to be "refreshed" everyday by a res idence with clean lines and lots of natural light. Exquisite Open 2,900 square foot floor plan has modern inspired architectural concepts, and is finished with wood siding and white smooth stucco. It features 3 bedrooms, 3.5 baths, spacious landscaped front patio, and the latest efficient new home technologies. First floor great room has massive gourmet island kitchen open to the living and dining areas, mud room & two car garage. Amazing 2nd Floor Master Suite with 11' X 11' walk-in closet & Luxury Master Bath, 2nd Level laundry, 2nd Level Jack/Jill Bedrooms, and 3rd floor Bonus/Family Room with full bath, Covered Indoor/Outdoor living space + Sundeck.

3 Bedrooms, 3.5 Baths | 2,900 ASqFt | 6 Blocks to Beach | 2 Car Garage Text 62313th to (714) 874-8161 for Additional Info & Photographs

NEW HOME | 625 13th Street, Huntington Beach | JUST LISTED | $2,195,000 Custom Coastal Contemporary home! Exquisite Open Concept 2,900 square foot floor plan has modern inspired architectural concepts, and is natural wood siding, and smooth stucco. It features 3 bedrooms, 3.5 bathrooms, spa cious landscaped front patio, and the latest efficient new home technologies. First floor great room has soaring two story ceilings and a massive gourmet island kitchen open to the living and dining areas, and attached two car garage. The Middle level features: family room, laundry room, and two in-suite bedrooms. The 3rd floor is dedicated to a luxury master suite with retreat, sundeck, walk-in closet, and spacious bathroom. Ideal for an owner who wants to be "refreshed" everyday by a unique residence with clean lines and lots of natural light.

3 Bedrooms, 3.5 Baths | 2,900 ASqFt | 6 Blocks to Beach | 2 Car Garage Text 62513th to (714) 874-8161 for Additional Info & Photographs

Have you had Thoughts of Selling your home?

We have pre-qualified buyers looking for Huntington Beach homes!

Below are the "wants" of real people who are ready to buy‌ I askedeach of them to summarize what they want to purchase.

If you have thought about selling, and your property matches up to one of our buyers, contact me so we can talk about your future plans.

We are looking for: a house in one of the areas of Seacliff or Edwards Hill which is approximately 4,000+ square feet, large lot (10,000+ sqft), 3 (or more) garage spaces, pool is a plus.

Price range: $3,000,000 +/- depending on condition.

Please help me find: an on-water home in Huntington Harbour with 60+ foot boat dock, 4000+ square feet of living area, pool would be nice, big garage is a plus, already remodeled is a plus. Price: $3.25 to $4 million. Need seller to give me time to sell my home‌ contingent offer.

We are looking for: a townhouse in Huntington Harbour, Seacliff, Britewater, or Surfcrest with attached garage (bigger the better). Preferably with a view. At least 1,600+ square feet.

Price range: $900,000-$1,250,000 depending on condition.

Please watch for us, we want: A Britewater or Summerlane home with a downstairs bedroom & full bath. Our price range is $1 to $1.25 million. We need to sell our home to buy, so need someone who does not mind the sale of our home contingency.

Here is what I want to buy: An offwater house in Huntington Harbour. At least 2,300 square feet with good location. Pool is a plus. 3 car garage is a plus. Do not want a major fixer. Price range: $1.2 to $1.65 million.

I am looking for: Double Lot properties in Downtown Huntington Beach that are tear downs. I like both the numbered streets and the old towne (city & state streets). I can be very flexible on the close date, I will cooperate with 1031 exchanges, and I will buy all cash in 100% "as-is" condition.

Please look for me, I want: Land in Orange County that is suitable to build apartments. I have been building custom homes for years, and I want to just build and keep some apartments now.

We are looking for: Fixer homes that are in very rough condition. I am a general contractor and I want to buy homes which need a lot of work, fix up, and resell for a profit. I will buy in any condition, as-is. Very flexible on close date.

Scot Campbell Broker / Global Luxury Specialist / 714.336.0394 Cell / Text

“I need to buy a house closer to work!�

Buyers walk into our Oceanfront Office on Pacific Coast Hwy & 18th Street in Huntington Beach every day, so we have many others looking to purchase!

My husband and I want to buy: a Downtown long and skinny between 6th and 18th St. The home must be a detached SFR w a min 3 bed and 2 baths. Under 2,000 sq.ft. & detached garage OK. Price range: up to $1.275.

Our family is looking for: Anything downtown under $850K. We know it will be a total fixer, but I am handy and I have helpers. We need 3 bedrooms.

I am looking for: Anything downtown but NOT a long and skinny. I need a minimum three car garage and can go up to $1.75mm. I want something with 'character'. The park area is ideal.

We are looking for: A detached home in Huntington Beach or Fountain Valley for about $860,000. 3+ bed. 2 story.

Open floor plan. Pool preferred.

We would like to buy: A Condo with Ocean or Bay View, preferably with a dock. We like the 'Simple Green' condos on Mariner Drive. Pre-Qualified to buy upto: $1.2 million We are hoping to find: An Income Property, a duplex or condo with separate entrance. It must have view or dock. Price range around $1.2 million.

I want to buy: a newer build house in Downtown HB, open floor plan, 3 (or more) bedrooms, 3 (or more) baths, 2car garage, price range up to $1,700,000" We are looking for: an already updated home in Downtown or Old Town HB, prefer open floor plan but will consider other layouts, 3 or more bedrooms, 3 (or more) baths, 2-car garage.

We want to buy: either a townhouse or single family home with boat dock in Huntington Harbour, 3 bedrooms is fine, 2+ baths, at least 2000 sq ft, garage is necessary, not looking for a fixer, price up to $2,000,000".

Help Please! My husband and I really want to buy: a detached home on the water in Huntington Harbour, but we can only spend upto $2 million MAX for Proposition 60 Tax Transfer reasons. I know that means the house will be a "fixer", but we are willing to buy AS-IS and work with the seller on terms provided we do not exceed $2 million sale price.

scot@campbellrealtors.com / www.scotcampbell.com / DRE #00943759

805 Alabama Avenue: $2,050,000

807 Alabama Avenue: $1,999,900

Just Completed Model Match New Homes! Luxury Quality 4 Bedroom, 3.5 Bath Contemporary homes loaded with upgrades including: Professional appliances, modern fixtures, hardwood flooring, wired for cameras & multizone music, A/C, two laundry rooms, built-in spa & firepit, attached 2 car garage, & 2 car driveway! The bottom level is Open Concept with Living, Dining, Kitchen, Powder room, & Family rooms in a great room configuration. The middle level features 3 Bedrooms, 2 Baths, Gallery, Game Room, & Laundry room with wide hallways and a spacious deck. The top floor is dedicated to the luxurious Master Suite which features a sundeck, separate vanities, luxury shower, free standing tub, stacked laundry area, and two, yes two, walk-in closets. The buyer of these homes will enjoy sunset walks on the beach, world class surfing, bike rides, fine dining, and nearby entertainment‌ the enviable location in Downtown Huntington Beach is just a short stroll to world-famous beaches, shops, restaurants, schools, and the new Pacific City Development!

805 & 807 Alabama Street

839 14th Street, Downtown Huntington Beach | ON MARKET | NEW LISTING Single Story Park Area home with 3 Bedrooms, 3 Baths PLUS a Guest Room/House with Full Bath above the 3 Car Garage in back (Could be configured as legal ADU with separate entrance). Adjacent to Smith Elementary & Dwyer Middle Schools on slightly irregular 7378 AsqFt lot (70 feet wide at front).

Approximately 3193 to 3341 SqFt of living area per county records (needs to be verified). Located just an 8 block stroll to the beach and Main Street Village. Huntington Beach High School, shopping, and parks are just a few blocks away.

4 BR | 4 BA | 7378 AsqFt lot | Approx 3193 to 3341 SqFt of living area | 3 Car Garage Potential ADU/Guest House

526 10th Street, Huntington Beach | IN ESCROW Enjoy sunset walks on the beach, world class surfing, bike rides, fine dining, and entertainment‌ this enviably located home is "close, but not too close" to world-famous beaches, shops, restaurants, schools, & the new Pacific City Development!

3 Bdrms+ 3rd Floor Bonus Rm | 3 Full Baths | 2 Powder Rms 2,875,ASqft | $1,699,900

414 9th Street, Huntington Beach | IN ESCROW Beautiful Modern Farmhouse architecture. Ideal for an owner who wants to be "refreshed" everyday by a residence with clean lines and lots of natural light.

Exquisite Design & Finishes with an Open Concept 2900 Asqft floorplan. Modern inspired architectural concepts, with exterior finished in wood siding and white smooth stucco. Multiple Offers, sold in only a few after completion!

412 9th Street, Huntington Beach | CLOSED Beautiful Custom Contemporary architecture.

Exquisite Design & Finishes with an Open Concept 2900 Asqft floorplan. Modern inspired architectural concepts, with exterior finished in brick, wood siding, and smooth stucco. Ideal for an owner who wants to be "refreshed" everyday by a residence with clean lines and lots of natural light. Multiple Offers, pre-sold prior to completion!

NEW CONSTRUCTION | 3 Bdrms, 3.5 Baths | 2,900 ASqFt 2 Car Garage | 4 Blocks to Beach | $2,295,000

NEW CONSTRUCTION | 3 Bdrms, 3.5 Baths | 2,900 ASqFt 2 Car Garage | 4 Blocks to Beach | $2,225,000

1206 Pine Street, Huntington Beach | CLOSED

707 13th Sttreet, Huntington Beach | IN ESCROW

This Modern Farm House it is as much a piece of art as it is a functional living space. Open Concept floor plan… you are greeted by a Chihuly inspired chandelier & floating three-sided fireplace which is the focal point of the foyer, living room, & kitchen. The home has 4 Bedrooms + Den, 3rd Floor Office, 5 Baths and approx. 4,000 square feet of living area + an over sized 4 car garage.

4 Bdrms + Retreat | Office | 5 Ba | 4 Car Garage | 4,000 ASqFt Highest Priced Sale in Park Area 2019 | $2,899,900

Breathtaking Architectural Design with Lush Landscaped Tropical Gardens, Fountains, Sunny Courtyard, & Sky Lit Atrium.

Magnificent Mediterranean Estate on oversize lot in the “Park Area” of Huntington Beach! Located just 6 blocks to the beach and a short stroll to schools, parks, Main Street Village, Doggie Beach, & the new Pacific City.

4 Bdrms + Office, | 4.5 Ba | Oversize 3 Car Gar + RV Space 4,320 ASqFt | 6,325 ASqFt Lot | $2,650,000

16112 Whitecap Ln, Huntington Harbour | CLOSED This Gorgeous Home is located in a 24 Hour Guard Gated Community known as “Faire Marin� in the "Huntington Harbour" area of Huntington Beach. It is a neighborhood which offers a wonderful combination of recreational opportunities including: paddleboarding, kayaking, fishing, evening Duffy Boat cruises, or it can be your takeoff point to SoCal favorite boating destination Catalina Island!

17321 Wareham Ln, Huntington Beach | CLOSED

Here is a Britewater "Sands" Plan 2 w ith a fantastic location! The oversize lot is private and offers lots of sunshine and entertaining area: with outdoor fireplace, covered patio, rock water fall, built in fire pit with sitting area, & BBQ island. The kitchen features granite counter tops, wood cabinets, and Viking Professional Series stainless steel appliances, including a refrigerator.

4 Bdrms or 3 Bdrms + Office | 3.5 Baths | 3,500+ SqFt Off Water ~ Interior Tract | 2 Car Garage | $1,600,000

4 Bdrms + Office Nook | 3 Baths | 2,089 ASqFt | 2 Car Garage SOLD Full Price by Scot with Multiple Offers | $1,249,900

16846 Bayview Drive, Sunset Beach, CA | CLOSED

16231 Santa Barbara Ln, Hunt. Harbour | CLOSED

This waterfront home on Sunset Island in Huntington Beach is a modern masterpiece with design elements and luxury finishes (Subzero & Wolf appliances, Hansgrohe Axor fixtures, AC, & more) which will delight buyers looking for a contemporary home with clean lines. It is Located on the water with a private boat dock, yet it is just a two block stroll to the soft & uncrowded sands of Sunset Beach.

This is the best priced Waterfront Home in Huntington Harbour! In Guard Gated Fair Marin/Harbor Coves, it was enlarged & rebuilt in 2012 and looks like new! 36 foot side tie boat dock will hold larger boat... also room to park a Duffy boat on the end cap, and even a skiff on the inside of the dock! At lower tides, there is a beach at the base of the seawall, and the "L" shaped patio features an award winning infinity edge pool & spa!

Waterfront Home | 3 Bdrms, 3 Baths | 2,912 ASqFt | Boat Dock 2 Car Attached Garage + 2 Spaces | $1,960,000

5 Bdrms | 5 Baths | Office | 3 Car Garage | 4,078 ASqFt Pool & Spa | 35 Ft Boat Dock | Multiple Offers | $3,075,000

The Housing Market is hotter than it was in July, What Happened?

December 18, 2019 by Scot Campbell Source: Reports on Housing

How is housing hotter today than July?

With mortgage rates dropping all year, the housing market slowly thawed. The thaw continued through the Autumn Market as rates reached their lowest levels of the year and remained between 3.5% and 3.75%.

Demand climbed and the housing inventory dropped.

That is the recipe for a Seller's Market where housing stands today.

Year over year, the differences are staggering. The active listing inventory is down by 36% compared to December 2018. There are 1,836 fewer homes on the market. Demand is up by 29% year over year. That is an extra 441 escrows. And, the Days of Supply is down by 44%.

It was a slight Buyer's Market last year with an Days of Supply of 127 days. Today, it is at 70 days, a slight Seller's Market.

Orange County Days of Supply varies across Price Segment As one would expect, there is more demand for lower priced homes, than for homes at the top of the market. It is customary to see a higher "Days of Supply" at the top market segments.

However, it becomes troubling when demand at the top of the market falls to very low levels‌ causing Days of Supply to increase dramatically. This time last year, homes categorized into the $2-4 Million and $4+ Million range had Days of Supply of 429 and 732 respectively.

The Days of Supply is improved in all price segments compared to last year. Homes categorized into the under $1 million price segment are seeing market conditions reminiscent of a strong seller's market. The $1 to $1.25 million price segment is in a slight seller's market range, and the $1.25 to $2 million segment are in the balanced range. Although still elevated, the most significant improvement in Days of Supply has been in the top price segments.

Coldwell Banker Campbell Realtors

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