Realty Digest January 2021 by Scot Campbell

January 2021 / Circulation 17,500 Monthly

www.RealtyDigestOnline.com

5811 Lourdes Drive, Huntington Beach, CA 92649 | Offered at $1,600,000 Single Story Living Area | 3 BR | 2 BA | 2687 Asqft | Large Roofdeck | Grotto Spa | 3 Car Garage 3D Tour: www.5811Lourdes3Dtour.info This One-of-a-Kind Home is like Nothing in Huntington Beach, it is an Architectural Masterpiece which redefines elegance in Custom Design‌ and has been featured in magazines. The finest granite, custom stainless steel application, accent lighting, built in Salt Water Tank & more. It was built to Entertain; From intimate Family Gatherings to Large Holiday Parties. Soaring 10 ft ceilings, Open Concept Design with light infused layout & breathtaking 9 foot tall Retractable Glass Doors which Open the entire back of the home creating an Amazing Indoor/Outdoor Experience. Chatting by the built-in Fire Pit or consuming an adult beverage at the Full Serve Wet Bar while enjoying the cascading sound of the Waterfall In The Rock Scape Spa with Grotto. Kitchen stainless Open Island, natural sky lighting, 2 Thermador ovens, Massive Sub Zero Fridge & Freezer. The Spacious Master Suite with incredible infinity edge Jacuzzi Tub, Massive Glass Shower with sauna & body spray options, double sinks, Walk-in Closet, Outdoor Spa Access & Fantastic View of the Waterfall.

Relax on the 600 SqFt Rooftop Sundeck, Soak up the sun on a Lounge Or Sip Cocktails in your own Heart Shaped Spa under the stars.

The Recreation & Downtown Entertainment is just a Short Bike or Car Ride‌ this home is nestled between the Wetlands, Central Park & Equestrian Center, miles of walking & biking trails, Just minutes from the Beach & Meadowlark Golf Club! Be sure to look at the 3D Tours... this could be your Surf City Dream Home!

SCOT CAMPBELL

COLDWELL BANKER - Campbell Realtors Broker / Global Luxury Specialist 714.336.0394 Mobile / Text scot@campbellrealtors.com www.scotcampbell.com DRE #00943759

Huntington Beach Market Update December 2020

By Scot Campbell, Realtor 1/22/21 Source: Realtor MLS

Winter will be over very soon!

Dear Clients, Friends, & Family –

The election, holidays, inauguration, and Super Bowl are finally behind us… and that means the best time of the year to sell a home is about to begin!

This year started with rock bottom mortgage rates, and a very low inventory of available homes to purchase in Huntington Beach.

Buyers in the lower price segments, that tend to be more sensitive to low mortgage rates, are furiously working to find a home before they are payment priced out of the market by rising interest rates.

The Huntington Beach residential real estate market performed remarkably well in December 2020. It was a month that had 109 new listings, yet 170 properties sold. A year ago, those respective numbers were 90 and 155. And, listen to this… the Median Days on Market was 19, last year it was 22 days. Clearly, most of the homes sold had one or more buyers “ready & waiting”.

The December 2020 market statistics are telling us loud & clear: “2021 is going to be a Great Time to Sell a home in Huntington Beach”. If you have questions about buying or selling, I am happy to communicate by phone, text, email, zoom or in person (safely) at your home or our Covid Safe outdoor conference areas.

Compared to the same period last year, sales are up 9.68%, New listings are up 21.11%, and Average Days on Market is down all the way to 33 (from 40 last year).

I have great news for my clients who are looking for innovative services to help buy & sell property… See pages 5 & 7 of this magazine to learn about the wonderful new services I am offering.

Proposition 19 is now offering additional opportunity for homeowners with low property tax assessments to transfer those tax saving benefits to more suitable properties. See page 11 of this magazine for more details.

If you have had thoughts of selling, please contact me. I am here to make your transition to another home the best experience it can be.

Scot Campbell, Broker Cell/Text: 714-336-0394 Scot@CampbellRealtors.com www.ScotCampbell.com DRE #00943759

Compared to the same period last year, the Medial Sales Price increased 4.39%, the Average Sales Price increased 10.85%. The medial List Price of Sold Listings increased 3.12% and the Average List Price of Sold Listings increase 10.05%.

The ratio of Sales Price as a Percentage of Original List price was 97.86% in December 2020 reflecting buyers ultimately paying very close to the seller’s asking price last month. Looking back over the last three years, this metric has fluctuated between 96% and 99%.

In most months over the last three years, the number of units listed was greater than the number of units sold.

The Supply of Inventory was between two and three months. In December 2020, there were 170 homes Sold and just 109 New Listings. Substantially more homes were sold than the number listed at the end of the month, and the Months Supply of Inventory fell below one‌ Remarkable!

Luxury Listings by Scot Campbell

16255 Tisbury, “Humboldt Island”, Huntington Harbour 4 BR | 4.5 BA | 4,000 Asqft | 57’On Water | Spa | Side Tie Dock

3D Tour & Details: www.16255tisbury.info Custom 2007 built Mediterranean waterfront estate on a quiet cul-de-sac, 57 feet water frontage, side-tie boat dock configured with an end cap for a Duffy. Home is an entertainer’s dream, and a great place to watch the sunset!

Offered at | $3,695,000

606 13th Street, “Downtown,” Huntington Beach

3 BR | 3.5 BA | 3106 SF | Elevator | Lot is 27ft wide | Multilpe Decks

3D Tour & Details: www.60613th.info NEW CONSTRUCTION ~ A beautifully upgraded Custom Home on a very quiet street with a 2 foot wider lot, 8% more living area, elevator, and amazing 3rd Floor: Two sundecks, two indoor/outdoor living spaces, Bonus Room, & Full Bath!

Offered at | $2,599,000

How to Sell your Home in “As-Is” Condition Right Now… without leaving money on the table!

Innovation in the real estate industry is long overdue! So, we designed a program for home sellers who would like, or need, to sell their home quickly in its “as-is condition” without leaving money on the table.

We partnered-up with a Private Capital Source to deliver value to homeowners like you. In a nutshell, our partner invests capital, and together we contribute the expertise to simplify the home selling process, prepare the property for sale, and increase homeowner’s net profit.

Selling a home is a big life event with thousands of dollars at stake. Not everyone has the time, available contractors, and liquid cash necessary to prepare a home for the market… yet no one wants to sell at a big discount so a “flipper” or iBuyer (Open Door, Zillow, Offer Pad, etc.) can make a huge profit.

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Our Partnership provides the expertise, capital, and network to deliver the very best outcome for homeowners like you who want to quickly sell a home “which needs some work”.

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The program is 100% Covid-Safe because you get 90% of the current home value “up front” and can move immediately. You do not live at the home while it is being renovated or shown to buyers.

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The program is Less Hassle because you can simply pack what you need and move… no need to move excess furniture or clean the home.

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The program offers you potential profit participation as a result of: The renovation of the home, excellent marketing, and bidding wars which are commonplace for recently renovated homes.

You share in the profit of reselling your home at Top Dollar after it has been renovated: Our Private Capital Source only profits when you profit. And, you take none of the downside risk!

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This program allows you to do a No Hassle Sale of your home immediately (at 90% of appraised value) and ultimately still get Top Dollar.

We leverage our capital and resources to complete strategic pre-sale home renovations to maximize the net resale price of your home, then we aggressively market it on the open market to achieve the highest sales price… ideally we create a bidding war for the home!

Typically, you retain 65-75% and our Private Capital Source Partner receives 25-35% of the additional profits after the resale of your home at Top Dollar.

So, you will recover 65-75% of the Net Profit which results from the fix-up and resale of the property at Top Dollar (Net Profit = Top Dollar Resale Price – Transaction Costs – Fix-up Costs – Holding Costs – Purchase Price).

It is correct for us to say “Typically” because some projects are more challenging than others. As one would expect, our program fees can vary from project to project because of the condition of the structure and the need to correct functional inadequacies (which can be time consuming, but worthwhile in achieving maximum net profits). Once you provide further details about your home, we can provide the applicable program fees for your specific home and an outline of the work which we suggest is advisable to obtain Top Dollar & Maximum Profits.

The program is available to Full Service Listing Clients of Coldwell Banker-Campbell Realtors on a first come, first serve basis, and is subject to eligibility, clear title, market conditions, and minimum ($200,000) & maximum ($2,000,000) value thresholds. Of course, the Private Capital Source does not have unlimited liquid funds, so there are limits on how many clients can benefit from the program at any one time. Program details are subject to change depending on the market. Contact Scot Campbell for more details and to get started!

Luxury Listings by Scot Campbell 901 Huntington St., Downtown Huntington Beach 3 BR + Bonus Rm | 4.5 BA | 2746 Asqft | Corner Lot

Listed at $1,499,900 3D Tour & Details: www.901Huntington3Dtour.info Custom corner lot home inspired by Italian Architecture.

Gourmet Island Kitchen, 3 en-suite bedrooms + Bonus/Game/Guest room with full bath and Dual 3rd Floor Balconies. Sunny patio with grotto spa, BBQ, & Regerator.

16760 A Bay View Dr, “Sunset Island”, Hunt. Beach

3 BR | 3.5 BA | 2,780 Asqft | 3 Car Gar | 3 Story + Roof Deck & View | Elevator

3D Tour & Details: www.16760a-bayview.info NEW CONSTRUCTION! Beautifully Upgraded Contemporary Detached Single Family Home. Just 3 blocks to the beach and a short stroll to restaurants & Peter’s Landing Marina.

Offered at $1,999,900

Here is an easy way to buy your new home before selling the old one Changing homes is a big life event, and buying a new home in today’s market can be very challenging when you need to sell a home before purchasing the new one.

The inventory of available homes is so low, non-contingent buyers have an advantage over those who need to sell a home first… especially when there are multiple offers. All-cash buyers are occasionally able to purchase at a lower price… because some sellers prefer cash offers even if the price is a little less!

Coldwell Banker-Campbell Realtors is a company that focuses on maximizing value and profit for our clients… but convenience is also part of the services we offer. We believe that innovation in the real estate industry is overdue… and contingent buyers need a “better way” to complete their home purchase.

So, we partnered with a Private Capital Source and created a program to help homeowners like you purchase your new home “all-cash”… and get moved before selling your old home!

We call it our Trade Up Program and it offers value and convenience in three ways. Here is a summary for your consideration: 1. Our Private Capital Source provides an all-cash offer on your behalf to the seller of the home you want to purchase so you can beat out other buyers and get the best price.

2. The program allows flexibility for you to move into your new home before selling your old home.

3. We act as a resource providing our expertise to help you prepare your old home for sale and the marketing muscle to get top dollar. Our goal is to maximize the net sale price of your old home.

Who is this program for?

This is for homeowners who are juggling between selling their current home and locking in their dream home.

With our Trade Up program, we make it possible for you to buy your new home before you sell the old one.

What are the Benefits of the program?

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This program allows homeowners to leverage our ability to make quick closing cash offers to beat out other buyers and get the best price with the convenience of not moving twice.

If your old home needs work before it can be effectively offered for sale, this program lets you move out of the house so that the contractors can get the work done quickly and without disturbing you or your belongings.

The program is more Covid-Safe than the typical home sale process because you will be moved into your new home before any contractors or buyers enter your home.

The program is available to clients of Coldwell Banker-Campbell Realtors who have signed an Exclusive Buyer-Broker Agreement. First come, first serve basis, and is subject to eligibility, clear title, market conditions, and minimum ($200,000) & maximum ($2,000,000) value thresholds. Of course, the Private Capital Source does not have unlimited liquid funds, so there are limits on how many clients can benefit from the program at any one time. Program details are subject to change depending on the market. Contact Scot Campbell for more details and to get started!

In Escrow & Recently Closed by Scot Campbell

805 Alabama Street, “Downtown”, Huntington Beach

807 Alabama Street, “Downtown”, Huntington Beach

4 BR | 3.5 BA | 3149 Asqft | 3125 SF Lot | Spa | New Construction

4 BR | 3.5 BA | 3149 Asqft | 3125 SF Lot | Spa | New Construction

3D Tour & Details: www.805alabama.info

3D Tour & Details: www.807alabama.info

Amazing contemporary New Home located 8 blocks from the beach & Main Street Village. Private back yard with built-in Spa & Gas Fire Pit. Elevator could be added for 1st to 2nd Floor.

Amazing contemporary New Home located just 8 blocks from the beach & Main Street Village. Private back yard with built-in Spa and Gas Fire Pit.

IN ESCROW | Offered at $1,899,900

CLOSED $1,775,000 | Scot Reprsented Seller

10505 S Morada, Orange Park Acres

608 13th Street, “Downtown,” Huntington Beach

3D Tour & Details: www.10505Morada.info

3D Tour & Details: www.60813th.info

Spectacular Hilltop Equestrian Home behind Private Gate

4 BR | 4.5 BA | 2+ Car Att. Garage | 1 BR/1BA Guest House 6 Horse Barn | Lighted Arena | Infinity Edge Pool | 3.9 Acres 15’ X 47’ Class A RV Garage + 6 Car Garage | Office | Orchard IN ESCROW | Offered at $5,100,000

3 BR | 3.5 BA | 2856 SF | Offered at $2,298,000

NEW CONSTRUCTION ~ Located just 5 blocks from the beach!

Ideal for those who want to be “refreshed” everyday by a residence with clean lines and lots of natural light.

CLOSED $2,250,000 | Scot Reprsented Buyer & Seller

My New Virtual Tour Platform allows me to do “Live Virtual Open Houses” with “in-tour audio”. It also has a “doll house” view, 2D floorplan, and annotated details about the upgrades.

Example Property Tour:

www.901Huntington3Dtour.info

A Game Changing Virtual Tour Platform has emerged… let me tell you about it.

Before I tell you about it, I wanted to mention that I hope that you are your family are well. Also I wish to express my continued sincere appreciation for the healthcare workers in our community on the front lines fighting the COVID-19 virus.

There are now countless platforms for interior home Virtual Tours.

All the systems have excellent 3D images provided a quality camera is used.

Some systems have tiles along the bottom to move through the house, others have circles or arrows. One of the best Virtual Tour features is the “doll house” view (made famous by Matterport). Some systems can also generate a 2D floorplan, which buyers have relied on for years.

But, what these systems all lack is the detailed information about the upgrades and features of the home that many buyers would like to know as they “walk through”. And, “live” simultaneous communication with the Realtor (similar to the traditional open house experience), has not been available in the virtual tour systems.

The NEW Virtual Tour Platform I implemented for my three most recent listings has all the functionality that was missing in previous virtual tour platforms: Buyers like to see the overall neighborhood, so I am now using Aerial 360 Tours for all my listings where drone flights are allowable.

Example Aerial Tour:

www.Sunsetisland360Aerial.info

I believe Coldwell Banker - Campbell Realtors is the only real estate brokerage in Huntington Beach using these two advanced tour systems. If you are thinking about selling and want the best possible marketing experience for your home, please contact me via phone or text at 714-336-0394.

I can now annotate the upgrades in your home inside the tour giving URL links to features like your new wood flooring, built-in refrigerator, air conditioning, and anything else you want the buyer to know about.

There is also a 2D Floorplan drawing inside the platform.

Most importantly, I can now “Live Walk” the buyer though the home tour… it is like a Zoom Meeting inside of the tour platform.

Like Zoom, multiple buyers on separate devices can be on the “Live Walk” through the home. Perhaps the husband is on an iPhone watching the kids play at the park, the wife is at home on a desktop, and the grandparents were invited to participate on their tablet.

Either myself, or any one of the participants can manipulate the movement through the various “3D Views” of the house.

Want to see a 3DTour that generated 7 showings the First Day the home was on the Market?

Take a look at www.18845Rockinghorse3Dtour.info

Recently Closed by Scot Campbell

www.215lincoln.info

www.20820th.info

Represented Buyer

www.413california.info

www.4149th.info

www.50213th.info

www.52610th.info

www.1020delaware.info

www.60813th.info

www.62213th.info

www.62313th.info

www.62513th.com

www.70713th.info

www.807alabama.info

www.1017delaware.info

Represented Buyer

www.3446Windspun.info

www.3762Seascape.info

Represented Buyer

Represented Buyer

Represented Buyer

www.16412ardsley.info

www.16821stonehaven.info

www.16872clovergreen.info

www.17011malta.info

www.19267surfwave.info

www.18845Rockinghorse.info

www.16821seawitch.info

How Might the Passage of Proposition 19 Help You? Background: Prop 19 allows a homeowner who is 55 years of age or older, severely disabled or whose home has been substantially damaged by wildfire or natural disaster to transfer the taxable value of their primary residence to:

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a replacement primary residence anywhere in the state, regardless of the value of the replacement primary residence (but with adjustments if replacement has a greater value), within two years of the sale and up to three times (or as often as needed for those whose houses were destroyed by fire).

Always seek expert tax advice before making a move. Prop 19 replaces Props 60/90 (effective 4/1/21) and Props 58/193 (effective 2/15/21).

Scenario #1: Perhaps you already used the “once in a lifetime” transferability of property taxes…

Well, thanks to Proposition 19, you now have two more opportunities to transfer your property tax basis. So, if you already transferred your property tax assessment once using Prop 60/90, but you would like to move to a more suitable home Proposition 19 allows you to make that move!

Scenario #2: Perhaps you have been wanted to move to a county in the State of California that did not offer reciprocity under Proposition 60/90 previously…

Well, thanks to Proposition 19, you now can make that move and transfer your property taxes to a home in a county that previously did not allow transfer of your property tax assessment.

Scenario #3: Perhaps your current residence is not suitable for you. Let’s say it is a two story in need of remodeling, and you want to buy a brand new or completely remodeled single story which is substantially more expensive than the value of your current residence.

Previously Proposition 60 would only have allowed you to buy a replacement home for 5% over the sale price of your current residence. Well, thanks to Proposition 19, you can buy that brand new single story that is beautiful and has the ideal layout for you even if it is 6%, 10%, or even 100% more expensive than your current residence. You can transfer your property taxes, but your property tax assessment increases by the incremental difference in value between the old home and new home.

Scenario #4: Perhaps you want to buy a bigger home which will allow you to combine households. Let’s say, you want to buy a home which will fit you, your daughter, and her family all under one roof. You will be able to help with the grand kids, and they will finally be able to stop being renters.

Previously Proposition 60 would only have allowed you to buy a replacement home for 5% over the sale price of your current residence. Well, thanks to Proposition 19, you can buy a home that is 6%, 10%, or even 100% more expensive than your current residence; perhaps something that has a guest house for you and a main house for your daughter and the family. You can transfer your property taxes, but your property tax assessment increases by the incremental difference in value between the old home and new home.

NOTE: For Scenarios #3 & #4, the transferred Assessed Value cannot be more than $1 million less than market value.

So, if you buy a new home for $2.5 million, the new transferred assessed value must be at least $1.5 million.

Scenario #5: Perhaps you have wanted to sell your home, or sell one of your rental homes but you have not done so because the property taxes are low and you want your kids to inherit the low property tax basis.

Well, this is the part of Proposition 19 that hurts… if your heirs do not move into your home or rental when they inherit it, Proposition 19 results in the reassessment of the property up to market value. So, there is no reason to “hold onto” a property so your heirs can inherit low property taxes (if you know they would never move into the home/rental). It is time for you to do whatever you would rather do… do not let the “Tax-Tail Wag The Dog”.

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