Realty Digest by Scot Campbell July 2022

JULY 2022 / Circulation 19,500 Monthly

/ www.RealtyDigestOnline.com

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

3954 Aladdin Drive, “Weatherly Bay” Huntington Harbour | List: $999,900 Townhouse with Sunny Patio just a short stroll to HHYC, Sea Legs, Beach, & Bolsa Chica Wetlands.

Development has pool, spa, tennis courts, and boat slips (which can be rented if you live in complex).

Remodeled 2 BR | 1.5 BA | 1,257 Asqft | 2 Car Garage | 3D Tour & Details : www.3854Aladdin.info

Happiness is Working with a Very Experienced & Successful Realtor Mortgage Rates are Back to the 5.5% to 5.75% Range ( I saw a well known lender quoting Jumbo 30-Year Fixed in the 4.675% range on 7/15/22 )

Recent inflation reports have not been favorable; however, for the time being 30 year fixed conforming mortgage rates have fallen back below 6%. Home buyers certainly welcome any reduction in mortgage rates after rates spiked from 2.75% in Fall 2021 to 6.25% in June 2022.

Home prices have plateaued, but prices are still up double digits since last summer. So, the combination of slightly lower mortgage rates and strong appreciation over the last 12 months makes now a great time to sell a Huntington Beach home.

Also on a positive note, many home sellers need a place to buy after they sell. There are more homes on the market to choose from now, so it is easier to find your next home.

I have been a Full Time Realtor in Huntington Beach for over 32 years. If you are having thoughts of selling, I am standing by to help you!

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. The reading jumped from a record low of 20 days in February up to 55 days on July 7th indicating a rapid shift from strong “Seller’s Market” conditions to a level approaching a “Balanced Market”.

The 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” is visible in April-May 2020, followed by the Strongest Seller’s Market conditions ever seen. In Recent months the days of supply is moving toward a balance market.

Although conditions do not favor sellers as much as 180 days ago, it is still a very good time to sell!

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

1814 Main St, “Park Area” Huntington Bch | Custom-Built Estate | Constructed in 2014 For 3D Tour & Details: www.1814Main.info G u e st H o u s e Ar r ang e me nt | C l o se t o sch ools | 6 B edrooms | 5 B at h s | 2 Half B at hs 5 , 5 6 3 A sq ft | 7 ,6 2 5 SF Lot | 4 Car Garage | Spa/Ou t door Kit ch en

ON MARKET Call for Details & Showing Information | List Price $3,750,000 The quaint “Park Area” of Downtown Huntington Beach is “beach close” but more quiet with fewer tourists than the “resort areas”. This spacious custom built home, with guest house arrangement, offers the opportunity for all members of multi-generational households to participate in the Beach Lifestyle!

MODERN OCEANFRONT HOME ON SAND | Sweeping Ocean & Sunset Views!

For 3D Tour & Details: www.16351sPacific.info 40’ X 70’ Corner Lot | Built in 2021 | 6 ,300 ASqFt of L ivin g Area | 6 B edrooms | 6 B at hs 2 H a l f Ba ths | 3 C ar Gar age | Mu lt iple En t ert ain in g Areas | Elevato r

ON MARKET Call for Details & Showing Information | List Price $9,500,000 This Custom Built Contemporary Oceanfront Home was constructed on an oversize 40 foot corner lot in 2021.

The extra lot width allows the home to offer an enviable balance of contemporary appeal & comfort with high ceilings on all levels and walls of windows… this is truly a modern masterpiece sitting “on the sand”!

Opportunity is Knocking Now! July 11, 2022 (Source: Reports on Housing)

For homeowners looking to sell in 2022, the window of opportunity is closing as the inventory climbs, demand falls, and market times grow longer.

The inventory of homes for Sale in Orange County normally peaks between July and August. With the inventory climbing and demand falling, the market will methodically slow for the remainder of the year. This can be seen by taking a closer look at how quickly the Days of Supply (the number of days to sell every home for sale in Orange County at present rate of sale if no new homes were listed) has evolved so farthis year. It started the year at 25 days, an insanely Hot Seller’s Market. Values were skyrocketing and homes were only lasting days before selling. Days of Supply hit a record low of 19 at the start of March.

The Days of Supply will grow from 67-days to over 90-days within the next couple of months, and the Orange County housing market will transition to a Balanced Market (between 90 to 120 days), one that does not favor sellers or buyers and home values are no longer climbing.

The bottom line for homeowners thinking about selling: The longer they wait, the slower and more challenging the market will be. Right now, the market is still strong. Sellers will achieve success IF they price their homes according to their Fair Market Value and then consider reasonable offers... there is no guarantee of a sale price higher than the last similar home sold in the neighborhood.

Opportunity is knocking… if you have been waiting for skyrocketing home prices to level off before selling, now is the time.

Mortgage Rates Shift Upward

July 14, 2022 - Freddie Mac today released the

results of its Primary Mortgage Market Survey®

(PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.51 percent.

“Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags,” said Sam Khater, Freddie Mac’s Chief Economist. “With

rates the highest in over a decade, home prices at

escalated levels, and inflation continuing to impact consumers, affordability remains the main obstacle to homeownership for many Americans.”

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

1305 Catalina Ave, “Hill Area” Seal Beach

615 8th Street, “Downtown” Huntington Beach

3D Tour & Details: www.1305Catalina.info

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

4 BR | 2 BA | 3,650 Asqft | 950 SqFt Bonus Rm + Utility Rm

On Market | $2,200,000 ( Bonus Rm could become an ADU )

16385 Maruffa Circle “Humboldt Island”

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

On Market | $1,750,000 (Best Price on the Numbered Streets)

17931 Wellbank Lane, Huntington Beach

4 BR | 3.5 BR | 2,900 Approx. SqFt | 5,000 SqFt Lot

4 BR + Office | 3 BA | 2,637Asqft | Pool & Spa | Outdoor Kitchen

IN ESCROW | Multiple Offers | List: $2,750,000

IN ESCROW | SOLD in 5 Days! | List: $1,800,000

1120 Delaware, “Downtown” Huntington Beach

OCEANFRONT PIER COLONY PENTHOUSE

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

3D Tour & Details: www.17931Wellbank.info

3 BR | 2.5 BA | 2,044 Asqft | Detached 2 Car Garage

2 Bedrooms + Loft | 2.5 Baths | 1,500 SqFt | 2 Parking Spaces

SOLD by SCOT | $1,715,000 | Represented Buyer

SOLD | $2,120,000 Furnished | RECORD PRICE!

Completely Remodeled / 2 Story Beach Home

3D Tour & Details GoTo: www.200PCH332.com

A+ Rated* Life Insurance Company(s) now offering IRS Approved “Structured Installment Sales” to help reduce Capital Gains Taxes for Property Owners.

The sale of a significantly appreciated investment property or personal residence (like we often see in SoCal) generally requires the payment of capital gains tax on the profit. One strategy for the seller to defer and potentially lower their capital gains tax rate is to break up the cash flows from the sale over several years using a Structured Installment Sale with payments made by A+ Rated Life Insurance Company.

Here is an example from a practical perspective

Conclusion: A Structured Installment Sale can be an attractive way for owners of investment properties or homes with substantial capital gains to defer and potentially reduce their tax liability when selling. By spreading the payments through multiple years via a Structured Installment Sale, capital gains taxes as well as net investment income taxes would be deferred and potentially reduced, while providing the seller with dependable income from the sale. Unlike a seller carry back loan, there is no risk of early payoff (triggering large capital gain) and the payments are reliably made by a Life Insurance Company with A+ rating. DO NOT attempt to do a Structured Installment Sale without advice from your CPA or Tax Expert. *A+ Rating from A.M. Best 12/17/21.

If you would like more information, please email me (Scot@CampbellRealtors.com) and I will send you a White Paper which you can share with your CPA or Tax Advisor.

W hat ’s M y H o me Wo r t h ?

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

Deborah Werneth 2 months ago If you are selling a property look no further than Scot Campbell Realtor!

Scot Campbell is an outstanding Realtor. His knowledge of the Huntington Beach market is point on.

Scot marketing and strategy skills are superlative,, as he was able to help us get a record price for an Old Towne Huntington Beach cottage- the price was well above comparables and the asking price!

Scot Campbell is a personable and responsive Realtor. He responded quickly to any questions that we had and provided ongoing updates on the sale of our property. This is the second time our family has worked with Scot Campbell - the first time buying and this time selling a property.

Scot Campbell Realtor is the best!

John Nelson 2 months ago I cannot express in words my gratitude to Scot for his professionalism, hard work, patience, and wisdom as he helped our family sell three Huntington Beach properties (a condo and two family homes).

He is a consummate professional, is highly knowledgeable about the local market, and had impe cable judgement on how to market and prepare the three properties for sale. Each residence sold nearly immediately and for well above the asking price. His guidance and initiative were instrumental in preparing our homes quickly and professionally for the market.

I highly recommend him if you are selling a property in the Huntington Beach area.

Neal Stephens 2 months ago Scot did a great job for us - out of town buyers who were hunting for a tall, skinny in the numbered streets near downtown HB. Super knowledgeable and very responsive. He found us a house that he knew we’d like and took a very detailed 3D photo tour - providing us much more detail than the listing had on Trulia/Zillow. He ran all the numbers to show us comps and has a large crew of vendors to helpinspectors, property managers, painters, flooring vendors, etc. to get the house just how we want it.

He also talked us out of pursuing more expensive houses that showed well on Trulia/Zillow but weren’t worth pursuing. We personally inspected two that he told us to avoid and we immediately agreed after seeing the property. We appreciated his honesty and knew he had our interests in mind -- not simply closing a quick deal to make an easy commission. Scot is full service realtor who understands the offer/acceptance/closing process and is well known by the other agents, escrow officers, etc in HB.

We’d use Scot again in a heartbeat and have already recommended him to family and friends.

When the time comes to decide who to entrust with helping you sell your home, Scot Campbell is worthy of your consideration.

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.