1111

Page 1


Real Estate Market Analysis Report

Overview

This report provides an analysis of the real estate data from Huntington Beach (HB) with breakdowns by listing status (Active, Pending, Sold, Expired) and by the number of stories in the properties (single level vs. two-story). The analysis includes average listing price, days on the market (DOM), and price per square foot.

Recent Market Activity in Huntington Landmark (Last 67 Days)

In the past 67 days, 18 properties have been listed or sold. Ground-level and single-story homes typically sell faster and at higher prices compared to upper-level or multi-story units. The analysis below highlights recent trends and provides pricing recommendations for sellers considering listing their homes. Current Market Listings

Breakdown by Listing Status

Active Listings (3):

• Average Listing Price: $723,000

• Average Days on Market: 37 days

• Average Price per Square Foot: $691.18

• Highest price $780,00

• Lowest Price $680,00

• Us $699,999

Sold Listings (7):

• Average Listing Price: $684,462

• Average Days on Market: 20 days

• Average Price per Square Foot: $619.42

• Highest price $850,00

• Lowest Price $400,00

Pending Listings (5):

• Average Listing Price: $749,400

• Average Days on Market: 22 days

• Average Price per Square Foot: $665.68

• Highest price $819,00

• Lowest Price $400,00

Expired Listings (1):

• Average Listing Price: $850,100

• Average Days on Market: 99 days

• Average Price per Square Foot: $660.53

Key Market Data:

• Average List Price: $663,000

• Average Sale Price: $636,657

• Average Days on Market (DOM): 35-47 days

•Price per Square Foot (PSF): $530 - $661, depending on unit size, location, and upgrades.

• Sale-to-List Price Ratio: 96%, reflecting a strong seller's market with minimal price reductions.

Comparable Sales for 8566 Van Ness Ct #24F (2 Beds, 2 Baths, 1,032 sq. ft.)

To price 8566 Van Ness Ct #24F accurately, recent comparable sales of homes between 1,000 and 1,055 sq. ft. have been analyzed:

Key Insights:

• Average Sale Price: $611,200 for 2-bed, 2-bath units between 1,000 to 1,055 sq. ft.

• Average Price per Square Foot: $573/sq. ft.

• Average Days on Market: 26.33 days.

Market Analysis

Total Properties: 18 (listed or sold in the last 67 days)

•Price Range: The current market listings exhibit a wide range of prices, with two-bedroom properties averaging around $599,000 to $699,999 based on recent transactions.

•Square Footage: Properties within the square footage range of 1,000 to 1,055 sqft have seen varied prices based on their location and level (ground vs. upper).

Conclusion

The data indicates a competitive market in Huntington Landmark, especially for ground-level and single-story homes that sell more quickly. The suggested sale price for 8566 Van Ness Ct #24F reflects current market conditions, positioning the property favorably in this dynamic real estate environment.

Recommended Pricing for 8566 Van Ness Ct #24F

Based physical inspection of competing listings on Historical and Multiple listings data, Zillow Data and two Ai computations comparable sales and market trends, the recommended list price.

8566 Van Ness Ct #24F is $615,000 to $629,000.with a high probability of a sale above $600,000 in 30 days or less.

40 days on the market • Listed On 08/21/2024

2 beds, 2 baths • 1,032 sqft • No lot size data • $667.64/sqft • Built in 1972

BAC:

Welcome to 8777 Carol Springs Ct, Unit 5F, Huntington Beach! This beautiful Home offers 2 bedrooms, 2 bathrooms of a resort style living, a perfect blend of modern elegance and coastal charm. Featuring a spacious open floor plan with seamless transitions between the living, dining, and kitchen areas, an upgraded kitchen and floors, and ideal for both entertaining and everyday living. This home is loca More

66 days on the market • Listed On 07/23/2024

2 beds, 2 baths • 1,032 sqft • 1,033 sqft lot • $678.29/sqft • Built in 1972

BAC:

Discover this beautifully maintained upper Newport Model condo, designed for those aged 55 and older. Located in the sought-after Huntington Landmark community, this home boasts an open, flowing floor plan with all-new dual-pane windows, sliders, and tile flooring throughout. The elegant living room extends to a charming balcony with park-like greenbelt views, while the formal dining room enhances the ... More

51 days on the market • Listed On 08/09/2024

2 beds, 2 baths • 1,055 sqft • 1,055 sqft lot • $662.56/sqft • Built in 1974

BAC: COME HOME TO BEAUTY!!! STUNNING 2 BEDROOM, 2 BATH, 1 CAR GARAGE CONDO LOCATED IN THE DESIRABLE COMMUNITY OF HUNTINGTON LANDMARK. THIS BEAUTIFUL GROUND FLOOR CONDO FEATURES NEW KITCHEN WITH GRANITE COUNTER-TOPS, HIGH QUALITY SLAINLESS STEEL APPLIANCES WITH COUNTER-DEPTH REFRIGERATOR, DOUBLE PANE WINDOWS, BRAND NEW AIR CONDITIONER, RECESSED LIGHTING, ELEGANT LUXURY VINYL FLOORING, CUSTOM BUILT CLOSETS, ... More

5 days on the

Listed On 09/01/2024

2 beds, 2 baths • 1,235 sqft • 1,091 sqft lot • $514.17/sqft • Built in 1976

BAC:

OPPORTUNITY KNOCKING!!! UNIQUE BREAKER'S MODEL ON THE 1ST FLOOR AND WITH AN ENCLOSED ATRIUM AND ADDED 112 SQ FT FOR EXTRA LIVING SPACE. THE CONDO HAS 1091 SQ FT + 144 SQ FT OF ENCLOSED ATRIUM = 1235 SQ FT. THIS GREAT 2 BED - 2 BATHS- 1 CAR GARAGE CONDO IS A BLANK CANVAS TO MAKE IT YOUR OWN, AND IT OFFERS PRIME LOCATION IN THE COMMUNITY WITH BEAUTIFUL VIEWS OF THE GREEN BELT. ENJOY THE OUTDOORS AND THE More ML# OC24182024

14 days on the market • Sold On 08/20/2024

2 beds, 2 baths • 1,056 sqft • 0 sqft lot • $566.29/sqft • Built in 1974 BAC: 2.5%

Desirable, upstairs, very popular, Pacific floorplan! This 2 bedroom 2 bath end unit is well located in the 24 hour guard gated, age 55+ community of Huntington Landmark. Less than one and a half miles from the beach! Enjoy the ocean breezes from the large covered balcony with trees and greenbelt views. A private laundry closet is conveniently located in the balcony area. One car detached garage. Brand... More

8777 Coral Springs Ct

• Condominium •

13 days on the market • Sold On 07/22/2024

/ Sold: $439,000 / $400,000

1 beds, 1 baths • 817 sqft • 0 sqft lot • $489.60/sqft • Built in 1972 BAC: 2%

Put your own spin on this breezy one bed, one bath upstairs condo! The popular Huntington landmark, 55+ guard gated community, features an olympic size pool, pickle ball and tennis courts, clubhouse, and an activity calendar. Includes an RV park to store your toys, self car wash stations, individual one car garage with storage cabinets. This condo has a large west facing balcony which is topped with a More Huntington Beach • Map ML# OC24127701

42 days on the market • Sold On 07/18/2024

/ Sold: $499,900 / $500,000

1 beds, 1 baths • 817 sqft • No lot size data • $612.00/sqft • Built in 1972

BAC: 2.5%

Discover resort-style living in the Huntington Landmark Community, a 24-hour guard-gated enclave just a mile from the beach, complete with heated pools, tennis courts, and extensive recreational facilities. This desirable end unit features an open concept with a completely remodeled kitchen including quartz countertops, newer appliances, and a mosaic tile backsplash, alongside a modernized bathroom wit More

9 days on the market • Sold On 08/15/2024

/ $525,000

1 beds, 1 baths • 810 sqft • 810 sqft lot • $648.15/sqft • Built in 1978

BAC:

OPORTUNITY KNOCKING!!! GREAT LOCATION ACROSS FROM THE CLUB HOUSE AND ALL AMMENITIES! MAKE IT YOUR OWN! NICE 1 BED-1 BATH -1 CAR GARAGE IN THE DESIRABLE COMMUNITY OF HUNTINGTON LANDMARK. THE COMMUNITY OFFERS RESORT STYLE LIVING WITH THE MANY AMENITIES, 2 HEATED SWIMMING POOLS AND SPA, PICKLE BALL AND TENNIS COURTS, PUTTING GREEN, SHUFFLE BOARD, GYM AND WEIGHT ROOM, CLUB HOUSE, GATED AND GUARDED COMMUNI More

14 days on the

2 beds, 2 baths • 1,056 sqft • 0 sqft lot

$566.29/sqft • Built in 1974 BAC: 2.5%

Desirable, upstairs, very popular, Pacific floorplan! This 2 bedroom 2 bath end unit is well located in the 24 hour guard gated, age 55+ community of Huntington Landmark. Less than one and a half miles from the beach! Enjoy the ocean breezes from the large covered balcony with trees and greenbelt views. A private laundry closet is conveniently located in the balcony area. One car detached garage. Brand More

78 days on the market • Sold On 09/23/2024

3 beds, 2 baths • 1,286 sqft • 0 sqft lot • $552.10/sqft • Built in 1974

BAC:

Down stairs unit, 3 bedroom. Laminated flooring through out. Newer kitchen cabinets, countertops and lighting. Both bathrooms updated. Shutters through out. New paint. Unit is located in the 55+ community of Huntington Landmark. Less than 2 miles to beach, so you have the nice ocean breezes. Close to grocery stores, Post office, and banks. Some amenities of the community include: gym, billiard room, More

8888 Lauderdale Ct # Closed • Condominium •

23 days on the market • Sold On 09/23/2024

/

$789,000 / $789,000

3 beds, 2 baths • 1,286 sqft • 0 sqft lot • $613.53/sqft • Built in 1974

BAC:

PRICE REDUCED! Welcome to your new home in the highly sought-after 55+ community of Huntington Landmark in Huntington Beach! Located less than 2 miles from the beach, this beautifully updated 3-bedroom, 2-bathroom bottom-floor condo offers comfortable living with modern conveniences and a vibrant community lifestyle. The interior of the condo has been thoughtfully updated, featuring a beautiful kitchen... More Huntington Beach • Map

0 days on the market • Sold On 08/14/2024

$789,000 / $789,000

2 beds, 2 baths • 1,363 sqft • No lot size data • $578.87/sqft • Built in 1983

BAC:

COME HOME TO THIS BEAUTIFUL 2 BED - 2BATHS- 1 CAR GARAGE CONDO IN THE DESIRABLE +55 COMMUNITY OF HUNTINGTON LANDMARK. THIS FABULOUS CONDO FEATURES THE POPULAR CORNER - PACIFICA MODEL FLOOR PLAN - WITH AN OVERSIZED ENCLOSED PATIO/SUN-ROOM WITH EXTRA ADDED 307 SQ FT. THE ORIGINAL FLOOR PLAN IS 1056 SQ FT + 307 SQ FT SUNROON = 1,387 SQ FT, OFFERING MORE SQ FT THAN A 3 BEDROOMS CONDO. COMPLEMENTING THE F... More

Huntington Beach • Map ML# OC24138468 8932 Biscayne Ct # 1320B

Beach • Map

/ Sold: $789,000 / $790,000 Closed • Condominium •

4 days on the market • Sold On 07/19/2024

2 beds, 2 baths • 1,091 sqft • 1,091 sqft lot • $724.11/sqft • Built in 1981 BAC: 2%

COME HOME TO THIS GREAT 2 BED - 2 BATHS -1 CAR GARAGE - BREAKERS MODEL CONDO . IT IS LOCATED IN THE DESIRABLE 55+ COMMUNITY OF HUNTINGTON LANDMARK. THIS LOVELY CONDO FEATURES, LUXURY VINYL FLOORING, NEW CARPETS IN THE BEDROOMS, VAULTED CEILINGS, ABUNDANCE OF NATURAL LIGHT, AIR CONDITIONER, AND IT HAS BEAUTIFUL VIEWS OF THE GREENBELT. ENJOY THE OUTDOORS AND THE OCEAN BREEZE IN THE PRIVATE ATRIUM AND RE... More

5 days on the market • Sold On 08/26/2024

/ Sold: $825,000 / $825,000

3 beds, 2 baths • 1,286 sqft • No lot size data • $641.52/sqft • Built in 1974

BAC:

Luxurious 55+ Living in Huntington Beach ideally located less than two miles from the sand and Pacific City in the coveted Huntington Landmark community. This rarely available, 3 bed, 2 bath floorplan on the ground floor offers access to resort-style amenities. Within the guarded gates, enjoy a park-like setting featuring 2 resort style pools, fitness center, tennis and pickleball courts, putting green... More

Beach • Map ML# OC24145267

10 days on the market • Sold On 09/16/2024

/

$825,000 / $835,000

3 beds, 2 baths • 1,286 sqft • 0 sqft lot • $649.30/sqft • Built in 1976

BAC:

Indulge in a luxurious resort-inspired lifestyle at the exquisite Huntington Landmark, a highly desirable 55+ community nestled in the heart of Huntington Beach. This spacious 3-bedroom, 2bathroom first-floor end unit with only one shared wall "a single family attached design" crafted for comfortable living with modern touches offering a sophisticated retreat a perfect balance. Plenty of natu... More

Beach • Map ML# 24423215

8777

40 days on the market • Listed On 08/21/2024

$689,000

2 beds, 2 baths • 1,032 sqft • No lot size data • $667.64/sqft • Built in 1972

BAC:

Welcome to 8777 Carol Springs Ct, Unit 5F, Huntington Beach! This beautiful Home offers 2 bedrooms, 2 bathrooms of a resort style living, a perfect blend of modern elegance and coastal charm. Featuring a spacious open floor plan with seamless transitions between the living, dining, and kitchen areas, an upgraded kitchen and floors, and ideal for both entertaining and everyday living. This home is loca More

66 days on the market • Listed On 07/23/2024

2 beds, 2 baths • 1,032 sqft • 1,033 sqft lot • $678.29/sqft • Built in 1972

$699,999

BAC:

Discover this beautifully maintained upper Newport Model condo, designed for those aged 55 and older. Located in the sought-after Huntington Landmark community, this home boasts an open, flowing floor plan with all-new dual-pane windows, sliders, and tile flooring throughout. The elegant living room extends to a charming balcony with park-like greenbelt views, while the formal dining room enhances the ... More

OC24153002

$780,000

2 days on the market • Listed On 09/27/2024

2 beds, 2 baths • 1,072 sqft • 0 sqft lot • $727.61/sqft • Built in 1978

BAC:

EXCELLENT INTERIOR LOCATION. RARELY BUILT END UNIT VERY POPULAR MARINA MODEL W/SOLARIUM RM ADDING SO MUCH EXTRA SQ FT OF LIVING SPACE. Relax & Enjoy the Tranquility on your Large Front Courtyard Patio or just Enjoy the Sights go by Surrounded by a Beautiful Slumpstone Fence. The Location is Fabulous!- Near the Beacon St Pool & Spa & Also Near the Main Rec Ctr. Enjoy an extra 144 sq ft (approx) of Livi More ML# OC24201586

Home Facts

Public Remarks

Property Report

Discover this beautifully maintained upper Newport Model condo, designed for those aged 55 and older. Located in the sought-after Huntington Landmark community, this home boasts an open, flowing floor plan with all-new dual-pane windows, sliders, and tile flooring throughout. The elegant living room extends to a charming balcony with park-like greenbelt views, while the formal dining room enhances the spacious layout. As a second-floor unit, it is high enough to catch the ocean breezes in the evening, reducing the need for air conditioning. The sunlit kitchen features a built-in microwave, rich natural wood cabinetry, a stainless steel sink with scenic views, and a coved ceiling with recessed lighting. The master suite offers a generous walkin closet and a bathroom with a tub/shower combination. The guest bedroom includes tile flooring, and the guest bathroom is equipped with a walk-in shower with glass doors. A laundry closet is conveniently located off the balcony.

Orange County Housing Report: A Frosty Autumn

September 26, 2024

Housing has been slowing through both the Spring and Summer Markets, yet the slowdown has picked up its pace since transitioning to the Autumn Market.

Housing is Slowing

The Orange County housing market has downshifted considerably since March.

Returning to their classrooms, kids are adjusting to their busy school calendars. Fall youth sports have also resumed with their demanding practice and game schedules. Upon entering the local grocery store, boxes of bright orange pumpkins adorn the entrance. Coffee shops are busy making their most popular seasonal latte, Pumpkin Spice. The sun is setting earlier and earlier by the day. That’s right, Autumn has arrived. It may not officially start until Sunday, September 22nd, but all the signs are here.

These changes also indicate that the start of the housing Autumn Market has arrived. The Autumn Market begins the moment kids go back to school at the end of August, a bit earlier than the fall equinox, and ends a week before Thanksgiving, the start of the Holiday Market. The best time of the year for housing is during the Spring Market. That is when buyer demand reaches a peak. Many people, especially families with children in school, prefer to isolate their home during the spring and close during the summer while the kids are on break. The inventory rises during the spring as well.

The second best time of the year for the housing market is the Summer Market. The market slows a bit due to all the distractions, including family vacations, summer camps, the beach, the community pool, and amusement parks. There is still plenty of demand, yet it is slowly declining. The inventory normally rises until it finds its peak between July and August and then gradually falls.

During the Autumn Market, the “prime time” season for real estate is now in the rearview mirror. Housing transitions to a slower time of the year. Typically, the inventory and demand decrease slightly at a very similar rate, and the Expected Market Time (the time between hammering in the FOR-SALE sign to becoming a pending sale) does not change much.

This year has not been typical at all. Since peaking in May with 1,759 pending sales, demand (a snapshot of the number of new pending sales over the prior month) has dropped to 1,413, shedding 346 pending sales or 20%. On the other hand, the active inventory has been on the rise all year. Since May’s 2,470 home level, the inventory has grown to 3,695, up a stunning 50% or 1,225 additional homes. With the supply of homes rising and demand falling, the Expected Market Time has grown from 42 days in May to 78 days today.

What is occurring is that more homeowners are opting to sell this year, and they are accumulating over time. The extra sellers are competing against a dwindling buyer pool; thus, the market has been decelerating. Ask anyone within the real estate trenches, and they will attest to the downshift in the market and the fact that it is taking longer to secure a sale.

Since the start of the Autumn Market about four weeks ago, the Orange County housing market has been rapidly cooling. The inventory has climbed from 3,490 in mid-August to 3,695 today, increasing by 205 homes or 6%. Demand has decreased from 1,594 to 1,413 pending sales, down 181 or 11%. The Expected Market Time has risen from 66 to 78 days in the past month alone. That is quite a jump when it typically is flat during this time of year. It is the highest midSeptember reading since 2019, five years ago.

This market slowdown comes when rates have been declining, improving affordability and allowing more buyers to enter the market. Rates eclipsed 7.5% in April and bounced around 7% from May through July. It was not until August, when the job market showed signs of cooling, signaling future Federal Reserve rate cuts starting this month, that mortgage rates began to fall materially. According to Mortgage News Daily, they have plunged from 6.9% at the end of July to 6.12% today, knocking on the door of rates dropping below 6% for the first time since August 2022, over two years ago.

This is the most buyer-friendly Orange County housing market in years. With lower rates and pressure for them to continue to decline, a rising inventory, and falling demand, meaning less buyer competition, right now is a great time to be a buyer.

ATTENTION BUYERS: Do not wait for prices to plunge before purchasing. Buyers who attempt to time the market end up regretting the delay and often get burned. Since rates are forecasted to continue to fall with a cooling economy, more buyer demand is on the horizon. Rates have only plunged recently, starting at the tail end of the Summer Market. Improved affordability did not align with real estate's busiest time of the year. Yet, it will line up much better with the 2025 market, and housing will be hotter with tremendous competition and rising values.

ATTENTION SELLERS: Today’s market demands a meticulous and cautious approach to pricing. Overpricing your home can result in wasted time on the market and an unsuccessful outcome. Homes that are in excellent condition, attractively upgraded, recently updated, and ready for immediate move-in will attract the most attention and sell the fastest as long as they are priced appropriately. The competition among sellers is rising, and this requires careful, well-informed pricing strategies. Sellers need to sharpen their pencils and prepare for this increasingly competitive market.

As we move into Autumn 2024, we are entering what can be described as a frosty market. This is not the typical autumn slowdown; it’s a sharper cooling than usual, and both buyers and sellers need to adjust their strategies accordingly.

Why Sellers Should Not Wait Until Next Year to Sell:

1. Rising Inventory & Slowing Demand:

Since the peak of the spring market, Orange County has seen an increase in housing inventory up 50% from May while demand has dropped by 20% over the same period. More homes on the market mean more competition for sellers, especially as buyer demand continues to cool. This growing inventory can lead to longer market times and price reductions if your home isn't positioned).

2. Mortgage Rates are Declining but Not Sparking a Buyer Surge:

Although mortgage rates have dropped from 7.5% to 6.12%, this hasn't caused a major increase in buyer demand. Many buyers are still cautious due to broader economic concerns, including job market uncertainties. If you wait until 2025, you could face even more competition as rates continue to fall and more homeowners list their homes).

3. Uncertainty in 2025:

Market predictions for 2025 do not guarantee a seller's market. As supply continues to rise and demand stabilizes or declines, prices may either plateau or decrease. If you choose to delay selling, you may miss out on the price appreciation seen in recent years and face stiffer competition from a glut of new listings next year

4. Increased Competition:

As mortgage rates drop, more sellers those who held off listing their homes due to high rates will likely enter the market in 2025. This influx of homes could overwhelm buyer demand and create a highly competitive environment, resulting in lower prices and longer market times. If your home is not in perfect condition or competitively priced, it may linger on the market).

5. Economic Uncertainty & Inflation:

While the Federal Reserve is expected to continue cutting interest rates to stimulate the economy, other factors like inflation and fluctuating job growth remain uncertain. Sellers who wait until next year could find themselves in a weaker economy where buyers have less confidence and purchasing power).

Why Now is the Best Time to Sell

• Act Before Inventory Peaks: With more homes expected to hit the market in 2025, competition will intensify, and prices may soften. Selling now allows you to avoid competing against a glut of listings.

• Capitalize on Lower Mortgage Rates: Even though demand hasn't spiked yet, it's likely to increase as rates continue to decline, making this an optimal time to attract buyers looking to lock in lower rates.

• Avoid Economic Uncertainty: Postponing your sale means gambling on the 2025 economy, which could see inflation, job market shifts, and other factors that may dampen buyer demand and reduce home values.

The Orange County market may be cooling, but sellers who act now can still benefit from historically high prices. Waiting until next year could mean facing increased competition, longer times on the market, and lower selling prices.

Active Listings

The active inventory increased by 3% in the past couple of weeks.

The active listing inventory increased by 96 homes in the past two weeks, up 3%, and now sits at 3,695, its highest level since September 2022. Typically occurring between July and August, the Orange County peak is past due. Even though homeowners have been “hunkering down,” unwilling to move due to their current underlying, locked-in, low fixed-rate mortgages (31% fewer sellers in August compared to the 3-year average before COVID from 2017 to 2019), there were 300 more homes that came on the market this August compared to August 2023. This has been true for every month in 2024. So far this year, it has amounted to 2,695 extra FOR-SALE signs, up 16% in a year. These extra sellers have faced nearly identical year-over-year demand, resulting in a considerable rise in the inventory. The peak will continue to be delayed, and the market slowdown will persist until demand picks up due to falling rates.

Last year, the inventory was 2,353 homes, 36% lower, or 1,342 fewer The 3-year average before COVID (2017 through 2019) was 6,520, an additional 2,825 homes, or 76% more. This difference has been diminishing as the year progressed.

Demand

Demand declined by 4% in the past couple of weeks.

Demand, a snapshot of the number of new pending sales over the prior month, declined from 1,470 to 1,413 in the past couple of weeks, down 57 pending sales, or 4%, its lowest level since February. Affordability continues to improve, as does a buyer’s purchasing power, but it has not yet translated to an increase in demand. The current more affordable mortgage rate levels are coming too late in the year to impact the housing market adequately. Nonetheless, as more buyers take notice and rates drop, more buyers will eventually start searching for a home. Rates are down and projected to fall further, and there are more homes to choose from than any other time in the past couple of years. Carefully watch the coming demand readings as they may rise as soon as the Federal Reserve starts its cutting cycle later this week with more cuts to come.

As the Federal Reserve has indicated, watching all economic releases for signs of slowing is essential. These releases can potentially move mortgage rates higher or lower, depending on how they stack up compared to market expectations. It is a busy week with the Census Bureau releasing retail sales tomorrow and the Federal Reserve’s press conference on Wednesday to announce the beginning of rate cuts, the size of the cut, and a forecast for future cuts this year and into 2025. These releases have a strong potential to move mortgage rates.

Last year, demand was 1,474, up 61 pending sales or 4% The 3-year average before COVID (2017 to 2019) was 2,363 pending sales, 67% more than today, or an additional 950

With supply rising and demand falling, the Expected Market Time (the number of days it takes to sell all Orange County listings at the current buying pace) increased from 73 to 78 days in the past couple of weeks, its highest level since January 2023. Last year, it was 48 days, considerably faster than today. The 3-year average before COVID was 84 days, slightly slower than today.

Luxury End

The luxury market improved slightly in the past couple of weeks.

In the past couple of weeks, the luxury inventory of homes priced above $2 million (the top 10% of the Orange County housing market) decreased from 1,225 to 1,198 homes, down 27 or 2%. Luxury demand increased by three pending sales, up 1%, and now sits at 239. With supply falling and demand rising, the Expected Market Time for luxury homes priced above $2 million decreased from 156 to 150 days, identical to four weeks ago. Nonetheless, at 150 days, the luxury market is far from instant, especially in the even higher luxury price ranges.

Year over year, the active luxury inventory is up by 400 homes or 50%, and luxury demand is up by 56 pending sales or 31%. Last year’s Expected Market Time was 131 days, a bit faster than today.

In the past two weeks, the expected market time for homes priced between $2 million and $4 million increased from 110 to 111 days. For homes priced between $4 million and $6 million, the Expected Market Time decreased from 351 to 257 days. For homes priced above $6 million, the Expected Market Time decreased from 329 to 295 days. At 295 days, a seller would be looking at placing their home into escrow around July 2025.

Orange County Housing Summary

• The active listing inventory in the past couple of weeks increased by 96 homes, up 3%, and now sits at 3,695, its highest level since September 2022. In August, 31% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,083 less. Yet, 300 more sellers came on the market this August compared to August 2023. Last year, there were 2,353 homes on the market, 1,342 fewer homes, or 36% less The 3-year average before COVID (2017 to 2019) was 6,520, or 76% extra.

• Demand, the number of pending sales over the prior month, decreased by 57 pending sales in the past two weeks, down 4%, and now totals 1,413, its lowest level since February. Last year, there were 1,474 pending sales, 3% more The 3-year average before COVID (2017 to 2019) was 2,363, or 67% more

• With supply rising and demand falling, the Expected Market Time, the number of days to sell all Orange County listings at the current buying pace, increased from 73 to 78 days in the past couple of weeks, its highest level since January 2023. It was 48 days last year, faster than today. The 3-year average before COVID (2017 to 2019) was 84 days, a bit slower than today.

• In the past two weeks, the Expected Market Time for homes priced below $750,000 increased from 48 to 50 days. This range represents 16% of the active inventory and 25% of demand.

• The Expected Market Time for homes priced between $750,000 and $1 million increased from 45 to 54 days. This range represents 15% of the active inventory and 21% of demand.

• The Expected Market Time for homes priced between $1 million and $1.25 million remained unchanged at 62 days. This range represents 11% of the active inventory and 14% of demand.

• The Expected Market Time for homes priced between $1.25 million and $1.5 million increased from 66 to 75 days. This range represents 11% of the active inventory and 12% of demand.

• The Expected Market Time for homes priced between $1.5 million and $2 million increased from 87 to 103 days. This range represents 15% of the active inventory and 11% of demand.

• In the past two weeks, the expected market time for homes priced between $2 million and $4 million increased from 110 to 111 days. For homes priced between $4 million and $6 million, the Expected Market Time decreased from 351 to 257 days. For homes priced above $6 million, the Expected Market Time decreased from 329 to 295 days.

• The luxury end, all homes above $2 million, account for 32% of the inventory and 17% of demand.

• Distressed homes, both short sales and foreclosures combined, comprised only 0.2% of all listings and 0.2% of demand. Only six foreclosures and one short sale are available today in Orange County, with seven total distressed homes on the active market, down two from two weeks ago. Last year, four distressed homes were on the market, similar to today.

• There were 1,877 closed residential resales in August, down 5% compared to July 2023’s 1,979 and down 8% from July 2024. The sales-to-list price ratio was 99.0% for Orange County. Foreclosures accounted for 0.1% of all closed sales, and there were no short sales. That means that 99.9% of all sales were good ol’ fashioned sellers with equity.

Have a great week.

Sincerely,

LEGEND: Subject Property Pending For Sale or For Lease Distressed Recent Sale Off Market

Property Report

Pending

8565 Sierra Cir, Unit 916C

Huntington Beach, CA 92646

Pending

8605 Solano Cir, #14 Huntington Beach, CA 92646

Active Under Contract

8933 Biscayne Ct, #138 Huntington Beach, CA 92646

8777 Tulare Dr, #40

Huntington Beach, CA 92646

8856 Sutter Cir, #88

Beach, CA 92646

Portola Ct, Unit 16E Huntington Beach, CA 92646

8777 Coral Springs Ct, Unit 5F Huntington Beach, CA 92646

8777 Coral Springs Ct, Unit 10G Huntington Beach, CA 92646

Property Report

Coral Springs Ct, Unit 1E

Beach, CA 92646

8777 Coral Springs Ct, Unit 6B Huntington Beach, CA 92646

8777 Coral Springs Ct, Unit 10E Huntington Beach, CA 92646

8888 Lauderdale Ct, #176

Properties Off Market

Mortgage Records

Borrower Name JOEL HARRIS LEIFER

Lender Name CITIBANK NA Lender Type

S 1 Sold Listings P 1 Pending Listings B 1 Backup Offer Listings

A 2 Active Listings

Compaíable homes sold foí an aveíage of $566 / sq ft Many factoís such as location, use of space, condition, quality, and amenities deteímine the maíket value peí squaíe foot, so íeviewing each comp caíefully is impoítant

Comparative Market Analysis

CMA Map Layout

This page displays the Map for the CMA Subject and your comparables.

Comparative Market Analysis

Activity vs. Timing

This chart highlights the importance of pricing correctly at market value.

Sunday, September 29, 2024

This chart illustrates the level of excitement and interest in a new listing over time. It also demonstrates the importance of pricing correctly. When a property is first listed, it generates a very high level of interest from prospective buyers, which reduces dramatically over time. It is important to be priced correctly from the beginning, during the peak of this curve.

Comparative Market Analysis

The Importance of Pricing

This chart highlights the importance of pricing correctly at market value.

Sunday, September 29, 2024

This graph illustrates the importance of pricing correctly. The centerline represents market value. As you move above this market value, you attract much smaller percentage of prospective buyers, greatly reducing your chances of a sale. Conversely, as you move below market value, you attract a much larger percentage of potential buyers.

Comparative Market Analysis

Summary of Comparable Listings

92646

92646

8777 Tulare Dr #408B Huntington Beach, 92646

Comparative Market Analysis

CMA 3 Up Comparison

This page outlines the subject property versus comparables properties. Sunday, September 29, 2024

Biscayne CT #219B, OC24164565

Van Ness CT #24F, OC24153002

Comparative Market Analysis

CMA 3 Up Comparison

This page outlines the subject property versus comparables properties.

Subject Property

Sunday, September 29, 2024

Tulare DR #408B, OC24182024

Coral Springs CT #5F, OC24168588

Comparative Market Analysis

CMA 3 Up Comparison

This page outlines the subject property versus comparables properties. Sunday, September 29, 2024

Comparative Market Analysis

Summary of Comparable Properties

Square Footage Details

Condo Sqft:

Sqft:

Annual Expense Information Expense Year: Real Estate Tax: Persontal Property: Accounting/Legal: Advertising: Insurance: Electricity: Water/Sewer: Trash: Investment Information Accounting: Operating Expenses:

Professional Manager: Residential Manager: Maintenance: Supplies: Other: Total: Building Expense: Reserves: Inventory Value:

Annual Operating Information Gross Schedule Rents: Vacancy Allowed Dollar: Laundry: Other: Effective Gross: Total Expenses: Net Operating Income:

Comparative Market Analysis

Summary of Comparable Properties

8566 Van Ness CT #24F, Huntington Beach , US 92646

Status: Active

List Dt: 07/23/2024

ML#: OC24153002 Map Book:

APN#: PType: 93280176 Residential

Sqft:

Sqft Lot:

Year Built:

Sale Type:

Stories:

Current Use:

Number of Units:

Entry Level:

Building Status:

Occupancy:

County:

Building $/Per Sqft:

Invest?

Finance?

Fence: No

Description

Discover this beautifully maintained upper Newport Model condo, designed for those aged 55 and older. Located in the sought-after Huntington Landmark community, this home boasts an open, flowing floor plan with all-new dual-pane windows, sliders, and tile flooring throughout. The elegant living room extends to a charming balcony with park-like greenbelt views, while the formal dining room enhances the spacious layout. As a second-floor unit, it is high enough to catch the ocean breezes in the evening, reducing the need for air conditioning.

The sunlit kitchen features a built-in microwave, rich natural wood cabinetry, a stainless steel sink with scenic views, and a coved ceiling with recessed lighting. The master suite offers a generous walk-in closet and a bathroom with a tub/shower combination. The guest bedroom includes tile flooring, and the guest bathroom is equipped with a walk-in shower with glass doors. A laundry closet is conveniently located off the balcony.

Business Details

Ownership:

Days Open:

Fulltime Employees:

Lease Expires:

Equipment Value:

Building Details

Features:

Heating:

Laundry:

Clearance:

Industrial Type:

License: Hours:

Part time Employees: Monthly Rent:

Inventory Value:

Years Current Owner: Hours Owner Works:

Leaseable Sqft: Monthly NNN:

Parking: 2.00

Utilities

Electricity: Am perage: Volts:

Utilities: Water:

Close to Clubhouse

Comparative Market Analysis

Summary of Comparable Properties

Square Footage Details

Condo Sqft:

High Tech Sqft: Retail Sqft: Total Sqft:

Annual Expense Information Expense Year: Real Estate Tax: Persontal Property: Accounting/Legal: Advertising: Insurance: Electricity: Water/Sewer: Trash: Investment Information Accounting: Operating Expenses:

Annual Operating Information Gross Schedule Rents: Vacancy Allowed Dollar: Laundry: Other: Effective Gross: Total Expenses: Net Operating Income:

Comparative Market Analysis

Summary of Comparable Properties

Parking

Spaces Total:

Uncovered:

Land

Land Use: Lot Dimensions:

Topography:

Terms

Parking: 1 00

Carport: Parking Ratio:

Builders Nam e: Zone: Survey:

Listing Terms: Financing:

Park Name: Phase:

Ownership Type: Cash, Conventional, Fannie Mae

List Price Includes: washer and dryer

FInancial

Annual Gross:

Annual Expense Information

Expense Year:

Real Estate Tax:

Persontal Property:

Accounting/Legal:

Advertising: Insurance: Electricity: Water/Sewer: Trash:

Investment Information

Accounting: Operating Expenses:

Professional Manager:

Residential Manager: Maintenance: Supplies: Other: Total:

Building Expense: Reserves: Inventory Value:

Annual Operating Information

Gross Schedule Rents: Vacancy Allowed Dollar: Laundry: Other:

Effective Gross: Total Expenses: Net Operating Income:

Comparative Market Analysis

Summary of Comparable Properties

8777 Coral Springs CT #5F, Huntington Beach , US 92646

Status: Active

List Dt: 08/21/2024

ML#: OC24168588 Map Book:

Description

-14 - South Huntington Beach

APN#: PType: 93280036 Residential

Sqft:

Sqft Lot: Year Built:

Sale Type:

Stories:

Current Use:

Number of Units:

Entry Level:

Building Status:

Occupancy:

County:

Building $/Per Sqft:

Invest?

Finance?

Fence: Yes

Welcome to 8777 Carol Springs Ct, Unit 5F, Huntington Beach! This beautiful Home offers 2 bedrooms, 2 bathrooms of a resort style living, a perfect blend of modern elegance and coastal charm. Featuring a spacious open floor plan with seamless transitions between the living, dining, and kitchen areas, an upgraded kitchen and floors, and ideal for both entertaining and everyday living. This home is located in the beautiful 55 and Over -Landmark Community, with a private guarded gate community offers impeccably landscaped woodsland style grounds and extensive recreation facilities including two pools, spa, exercise room, putting green, tennis/pickleball courts, and BBQ area. The clubhouse features a billiards room, library, sewing room, woodshop, and various other meeting rooms for Bingo, tea parties and other recreational activities. This is close to the beach and A must see! This is the place you want to call HOME!

Business Details

Ownership: Days Open:

Fulltime Employees:

Lease Expires:

Equipment Value:

Building Details

Features:

Heating:

Laundry:

Clearance: Industrial Type:

Square Footage Details

Condo Sqft:

High Tech Sqft:

Retail Sqft:

Total Sqft:

License: Hours:

Part time Employees: Monthly Rent: Inventory Value:

Office Class:

Years Current Owner: Hours Owner Works: Leaseable Sqft: Monthly NNN: Parking: 1.00 Utilities

Electricity: Am perage: Volts: Utilities: Water:

Construction: Lot: Public

Industrial Sqft:

Industrial Min/Max:

Divisable Sqft: Land $/Acres:

Office Sqft:

Office Min/Max:

Residential Sqft:

Comparative Market Analysis

Summary of Comparable Properties

Square Footage Details

Condo Sqft:

High Tech Sqft: Retail Sqft: Total Sqft:

Annual Expense Information Expense Year: Real Estate Tax: Persontal Property: Accounting/Legal: Advertising: Insurance: Electricity: Water/Sewer: Trash: Investment Information Accounting: Operating Expenses:

Comparative Market Analysis

Summary of Comparable Properties

8777 Tulare DR #408B, Huntington Beach , US 92646

Status: Pending List Dt: 09/01/2024

ML#: OC24182024 Map Book:

APN#: PType: 93447107 Residential

Sqft:

Sqft Lot: Year Built:

Sale Type:

Stories:

Current Use:

Number of Units:

Entry Level:

Building Status:

Occupancy: County:

Building $/Per Sqft:

Invest?

Finance? Fence:

Description

OPPORTUNITY KNOCKING!!! UNIQUE BREAKER'S MODEL ON THE 1ST FLOOR AND WITH AN ENCLOSED ATRIUM AND ADDED 112 SQ FT FOR EXTRA LIVING SPACE. THE CONDO HAS 1091 SQ FT + 144 SQ FT OF ENCLOSED ATRIUM = 1235 SQ FT. THIS GREAT 2 BED - 2 BATHS- 1 CAR GARAGE CONDO IS A BLANK CANVAS TO MAKE IT YOUR OWN, AND IT OFFERS PRIME LOCATION IN THE COMMUNITY WITH BEAUTIFUL VIEWS OF THE GREEN BELT. ENJOY THE OUTDOORS AND THE OCEAN BREEZE IN THE SPACIOUS PATIO. THE COMMUNITY OFFERS RESORT STYLE LIVING WITH THE MANY AMENITIES, 2 HEATED SWIMMING POOLS AND SPA, TENNIS COURTS,PICKLE BALL COURTS, BOCCE COURTS, PUTTING GREEN, SHUFFLE BOARD, GYM AND WEIGHT ROOM, CLUB HOUSE, GATED AND GUARDED COMMUNITY, CERAMIC ROOM, WOOD-SHOP, LIBRARY, BILLIARD ROOM, AND MANY ACTIVITIES FOR YOUR ENJOYMENT.

Business Details

Ownership:

Days Open:

Fulltime Employees:

Lease Expires:

Equipment Value:

Building Details

Features:

Heating:

Laundry:

Clearance:

Industrial Type:

License: Hours:

Part time Employees:

Monthly Rent: Inventory Value:

Office Class:

Roofing:

Forced Air, Natural Gas Dryer Included, Stackable, WashSeercInucriltuy:ded

Construction: Lot:

Years Current Owner: Hours Owner Works: Leaseable Sqft: Monthly NNN: Parking: 1.00

Utilities

Electricity: Am perage: Volts: Utilities: Water:

Electricity Connected, Natural Gas Connected, Sewer Connected, Underground Utilities, Water Connected

Public

Comparative Market Analysis

Summary of Comparable Properties

Parking

Spaces Total:

Uncovered:

Carport: Parking Ratio:

Parking: 1 00 Land

Land Use: Lot Dimensions: Topography: Builders Nam e: Zone: Survey: Park Name: Phase: Terms Listing Terms:

List Price Includes:

FInancial

Annual Gross:

Annual Expense Information Expense Year:

Real Estate Tax: Persontal Property:

Accounting/Legal: Advertising: Insurance: Electricity: Water/Sewer: Trash: Investment Information Accounting: Operating Expenses:

Professional Manager: Residential Manager: Maintenance: Supplies: Other: Total: Building Expense: Reserves: Inventory Value:

Annual Operating Information Gross Schedule Rents: Vacancy Allowed Dollar: Laundry: Other: Effective Gross: Total Expenses: Net Operating Income:

Comparative Market Analysis

Summary of Comparable Properties

8877 Lauderdale CT #214E, Huntington Beach , US 92646

Status: Closed List Dt: 05/03/2024

ML#: OC24089904 Map Book:

APN#: PType: 93352101 Residential -14 - South Huntington Beach

Sqft:

Sqft Lot: Year Built:

Sale Type:

Stories:

Current Use:

Number of Units:

Entry Level:

Building Status:

Occupancy:

County:

Building $/Per Sqft:

Invest?

Finance?

Fence:

Description

Perfect location! Completely remodeled and updated. New kitchen countertops, appliances, and flooring throughout. New bathrooms with modern features. Two bedrooms, two bathrooms, one car garage - 2nd level condo in desirable 55+ community of Huntington Landmark. Private end-unit tucked away with good access to shops and easy access to the club house. Lots of natural light with an abundance of skylights and broad windows. Large closets and refreshing ceiling fan. Spacious balcony for enjoying the ocean breeze and beautiful grounds. Come live in a resort style community with two heated pools, spa, tennis courts, pickleball courts, putting green, shuffleboard, gym and weight room, guard gated community, ceramic room, wood-shop, library, billiard room, and a multitude of activities. Only 10 blocks from the beach.

Business Details

Ownership: Days Open:

Fulltime Employees:

Lease Expires:

Equipment Value:

Building Details Features:

Heating:

Laundry:

Clearance:

Industrial Type:

Square Footage Details

Condo Sqft:

High Tech Sqft:

Retail Sqft:

Total Sqft:

License: Hours:

Part time Employees: Monthly Rent: Inventory Value:

Years Current Owner:

Hours Owner Works:

Leaseable Sqft: Monthly NNN:

Parking: 1 00

Utilities

Electricity: Am perage: Volts: Utilities: Water:

Comparative Market Analysis

Summary of Comparable Properties

Condo Sqft:

High Tech Sqft:

Retail Sqft:

Total Sqft:

Industrial

Office Sqft: Office Min/Max: Residential Sqft:

Comparative Market Analysis

Summary of Comparable Properties

8877 Lauderdale CT #212H, Huntington Beach , US 9264

Status: Closed List Dt: 06/25/2024

ML#: OC24129117 Map Book:

Description

-14 - South Huntington Beach

APN#: PType: 93352088 Residential

Sqft:

Sqft Lot: Year Built:

Sale Type:

Stories:

Current Use:

Number of Units:

Entry Level:

Building Status:

Occupancy:

County:

Building $/Per Sqft:

Invest?

Finance?

Fence: Yes

Desirable, upstairs, very popular, Pacific floorplan! This 2 bedroom 2 bath end unit is well located in the 24 hour guard gated, age 55+ community of Huntington Landmark. Less than one and a half miles from the beach! Enjoy the ocean breezes from the large covered balcony with trees and greenbelt views. A private laundry closet is conveniently located in the balcony area. One car detached garage. Brand new HERS rated forced air gas heater. Beautiful Recreation Center, fitness Center, 2 Pools and spas. Pickleball and tennis courts. Library, Woodshop, Ceramics room and much more. Close to the Post Office, grocery store and all fantastic Huntington Beach has to offer!

Business Details

Ownership: Days Open:

Fulltime Employees:

Lease Expires:

Equipment Value:

Building Details Features: Heating:

Laundry:

Clearance: Industrial Type:

License:

Hours: Part time Employees: Monthly Rent: Inventory Value:

Office Class: Roofing:

Security: Construction: Lot:

Years Current Owner: Hours Owner Works:

Leaseable Sqft: Monthly NNN:

Parking: 1 00

Utilities

Electricity: Am perage:

Utilities: Water: 24 Hour Security, Carbon Volts: In Closet Monoxide Detector(s), Gated with Guard, Guarded, Smoke Detector(s)

Greenbelt

c

Square Footage Details

Publi

Comparative Market Analysis

Pricing Recommendation

This page suggests a recommended selling price based on a thorough analysis of your property.

Sunday, September 29, 2024

After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for

Comparative Market Analysis

Listing Details

This page details the comparable listings contained in this market analysis.

8566 Van Ness #24F,

Status: Active

List Date: 07/23/2024

Area:

LP: $699,999

Listed: 07/23/2024

DOM: 65

Sunday, September 29, 2024

Bedrooms: 2

Bathrooms: 2

Sqft: 1,032

SP:

Built: 1972

Lot Size: 1,033

Discover this beautifully maintained upper Newport Model condo, designed for those aged 55 and older. Located in the sought-after Huntington Landmark community, this home boasts an open, flowing floor plan with all-new dual-pane windows, sliders, and tile flooring throughout. The elegant living room extends to a charming balcony with park-like greenbelt views, while the formal dining room enhances the spacious layout. As a second-floor unit, it is high enough to catch the ocean breezes in the evening, reducing the need for air conditioning.

The sunlit kitchen features a built-in microwave, rich natural wood cabinetry, a stainless steel sink with scenic views, and a coved ceiling with recessed lighting. The master suite offers a generous walk-in closet and a bathroom with a tub/shower combination. The guest bedroom includes tile flooring, and the guest bathroom is equipped with a walk-in shower with glass doors. A laundry closet is conveniently located off the balcony.

Comparative Market Analysis

Listing Details

This page details the comparable listings contained in this market analysis.

8777 Coral Springs #5F,

Status: Active

List Date: 08/21/2024

Area:

LP: $689,000

Listed: 08/21/2024

Sunday, September 29, 2024

Bedrooms: 2

Bathrooms: 2

Sqft: 1,032

SP:

Built: 1972

DOM: 39 Lot Size:

Welcome to 8777 Carol Springs Ct, Unit 5F, Huntington Beach! This beautiful Home offers 2 bedrooms, 2 bathrooms of a resort style living, a perfect blend of modern elegance and coastal charm. Featuring a spacious open floor plan with seamless transitions between the living, dining, and kitchen areas, an upgraded kitchen and floors, and ideal for both entertaining and everyday living. This home is located in the beautiful 55 and Over -Landmark Community, with a private guarded gate community offers impeccably landscaped woodsland style grounds and extensive recreation facilities including two pools, spa, exercise room, putting green, tennis/pickleball courts, and BBQ area. The clubhouse features a billiards room, library, sewing room, woodshop, and various other meeting rooms for Bingo, tea parties and other recreational activities. This is close to the beach and A must see! This is the place you want to call HOME!

8933 Biscayne #219B,

Status: Active Under Contract

List Date: 08/09/2024

Area:

LP: $699,000

Listed: 08/09/2024

DOM: 50

Bedrooms: 2

Bathrooms: 2

Sqft: 1,055

SP:

Built: 1974

Lot Size: 1,055

COME HOME TO BEAUTY!!! STUNNING 2 BEDROOM, 2 BATH, 1 CAR GARAGE CONDO LOCATED IN THE DESIRABLE COMMUNITY OF HUNTINGTON LANDMARK. THIS BEAUTIFUL GROUND FLOOR CONDO FEATURES NEW KITCHEN WITH GRANITE COUNTER-TOPS, HIGH QUALITY SLAINLESS STEEL APPLIANCES WITH COUNTER-DEPTH REFRIGERATOR, DOUBLE PANE WINDOWS, BRAND NEW AIR CONDITIONER, RECESSED LIGHTING, ELEGANT LUXURY VINYL FLOORING, CUSTOM BUILT CLOSETS, EXTRA CLOSETS IN DINING-ROOM AND BEDROOM, BRAND NEW COPPER PLUMBING, ELECTRIC FIRE-PLACE, SPACIONS PATIO TO ENJOY THE OCEAN BREEZE AND BEAUTIFUL VIEW OF THE GREEN BELT AND MUCH MORE! THE COMMUNITY OFFERS RESORT STYLE LIVING WITH THE MANY AMENITIES, 2 HEATED SWIMMING POOLS AND SPA, TENNIS COURTS, PICKLEBALL COURTS, BOCCE COURTS, PUTTING GREEN, SHUFFLE BOARD, GYM AND WEIGHT ROOM, CLUB HOUSE, GATED AND GUARDED COMMUNITY, CERAMIC ROOM, WOOD-SHOP, LIBRARY, BILLIARD ROOM, AND MANY ACTIVITIES FOR YOUR ENJOYMENT.

Comparative Market Analysis

Listing Details

This page details the comparable listings contained in this market analysis.

8877 Lauderdale #212H,

Status: Closed

List Date: 06/25/2024

Area:

LP: $598,000

End Date: 08/20/2024

DOM: 14

Sunday, September 29, 2024

Bedrooms: 2

Bathrooms: 2

Sqft: 1,056

SP: $598,000

Built: 1974

Lot Size: 0

Desirable, upstairs, very popular, Pacific floorplan! This 2 bedroom 2 bath end unit is well located in the 24 hour guard gated, age 55+ community of Huntington Landmark. Less than one and a half miles from the beach! Enjoy the ocean breezes from the large covered balcony with trees and greenbelt views. A private laundry closet is conveniently located in the balcony area. One car detached garage. Brand new HERS rated forced air gas heater. Beautiful Recreation Center, fitness Center, 2 Pools and spas.

Pickleball and tennis courts. Library, Woodshop, Ceramics room and much more. Close to the Post Office, grocery store and all fantastic Huntington Beach has to offer!

8 St8at7us7 : Lau C dleos re ddale #214E,

List Date: 05/03/2024

Area:

LP: $625,000

End Date: 07/08/2024

DOM: 29

Bedrooms: 2

Bathrooms: 2

Sqft: 1,056

SP: $602,000

Built: 1974

Lot Size:

Perfect location! Completely remodeled and updated. New kitchen countertops, appliances, and flooring throughout. New bathrooms with modern features. Two bedrooms, two bathrooms, one car garage - 2nd level condo in desirable 55+ community of Huntington Landmark. Private end-unit tucked away with good access to shops and easy access to the club house. Lots of natural light with an abundance of skylights and broad windows. Large closets and refreshing ceiling fan. Spacious balcony for enjoying the ocean breeze and beautiful grounds. Come live in a resort style community with two heated pools, spa, tennis courts, pickleball courts, putting green, shuffleboard, gym and weight room, guard gated community, ceramic room, wood-shop, library, billiard room, and a multitude of activities. Only 10 blocks from the beach.

8777 Tulare #408B,

Status: Pending

List Date: 09/01/2024

Area:

LP: $635,000

Pending Date: 09/28/2024

DOM: 5

Bedrooms: 2

Bathrooms: 2

Sqft: 1,235

SP:

Built: 1976

Lot Size: 1,091

OPPORTUNITY KNOCKING!!! UNIQUE BREAKER'S MODEL ON THE 1ST FLOOR AND WITH AN ENCLOSED ATRIUM AND ADDED 112 SQ FT FOR EXTRA LIVING SPACE. THE CONDO HAS 1091 SQ FT + 144 SQ FT OF ENCLOSED ATRIUM = 1235 SQ FT. THIS GREAT 2 BED - 2 BATHS- 1 CAR GARAGE CONDO IS A BLANK CANVAS TO MAKE IT YOUR OWN, AND IT OFFERS PRIME LOCATION IN THE COMMUNITY WITH BEAUTIFUL VIEWS OF THE GREEN BELT. ENJOY THE OUTDOORS AND THE OCEAN BREEZE IN THE SPACIOUS PATIO. THE COMMUNITY OFFERS RESORT STYLE LIVING WITH THE MANY AMENITIES, 2 HEATED SWIMMING POOLS AND SPA, TENNIS COURTS,PICKLE BALL COURTS, BOCCE COURTS, PUTTING GREEN, SHUFFLE BOARD, GYM AND WEIGHT ROOM, CLUB HOUSE, GATED AND GUARDED COMMUNITY, CERAMIC ROOM, WOOD-SHOP, LIBRARY, BILLIARD ROOM, AND MANY ACTIVITIES FOR YOUR ENJOYMENT.

Comparative Market Analysis

Brief Summary of Compared Listings

This report summarizes the comparable listings contained in this market analysis.

Comparative Market Analysis

Full Summary of Compared Listings

This report summarizes the comparable listings contained in this market analysis.

Comparative Market Analysis

Full Summary of Compared Listings

This report summarizes the comparable listings contained in this market analysis.

Biscayne CT #219B, OC24164565

Sunday, September 29, 2024

Van Ness CT #24F, OC24153002

Comparative Market Analysis

Full Summary of Compared Listings

This report summarizes the comparable listings contained in this market analysis.

Subject Property

Sunday, September 29, 2024

8777 Tulare DR #408B, OC24182024

8777 Coral Springs CT #5F, OC24168588

Association, Community, Heated, In Community Ground, Lap

Comparative Market Analysis

Full Summary of Compared Listings

This report summarizes the comparable listings contained in this market analysis. Sunday, September 29, 2024

Property

Comparative Market Analysis

Comparative Market Analysis

Comparative Market Analysis

Pending Properties

# of Listings 1

$635,000

$635,000

Price $635,000 Avg Price/SqFt $514.17

Avg DOM 5

Closed Properties

# of Listings 2

Lowest Pr ice

$598,000

Avg Price/SqFt $568.19

Avg DOM 22

Sunday, September 29, 2024

8777 Tulare DR
8877 Lauderdale CT 8877 Lauderdale CT

Comparative Market Analysis

Active Properties

# of Listings 2 Lowest

Sunday, September 29, 2024

Active Under Contract Properties

# of Listings 1

$699,000

8777 Coral Springs CT
8566 Van Ness CT
8933 Biscayne CT

Comparative Market Analysis

Closed Properties

Addr: 8877 Lauderdale CT , Huntington Beach Area: 14 - South Huntington Beach

OP: $598,000

LP: $598,000

LD: 06/25/2024

Beds: 2

Sunday, September 29, 2024

08/20/2024

2

0 YBlt: Elem: 1974

Property Description: Desirable, Upstairs, Very Popular, Pacific Floorplan! This 2 Bedroom 2 Bath End Unit Is Well Located In The 24 Hour Guard Gated, Age 55+ Community Of Huntington Landmark. Less Than One And A Half Miles From The Beach! Enjoy The Ocean Breezes From The Large Covered Balcony With Trees And Greenbelt Views . A Private Laundry Closet Is Conveniently Located In The Balcony Area. One Car Detached Garage. Brand New Hers Rated Forced Air Gas Heater. Beautiful Recreation Center, Fitness Center, 2 Pools And Spas. Pickleball And Tennis Courts. Library, Woodshop, Ceramics Room And Much More. Close To The Post Office, Grocery Store And All Fantastic Huntington Beach Has To Offer!

Addr: 8877 Lauderdale CT , Huntington Beach Area: 14 - South Huntington Beach

OP: $650,000

LP: $625,000 SP: $602,000

MLS #: OC24089904

LD: 05/03/2024 SD: 07/08/2024 $/SF:

Beds: 2 Bath: 2

YBlt: Elem: 1974

Property Description: Perfect Location! Completely Remodeled And Updated. New Kitchen Countertops, Appliances, And Flooring Throughout. New Bathrooms With Modern Features. Two Bedrooms, Two Bathrooms, One Car Garage - 2Nd Level Condo In Desirable 55+ Community Of Huntington Landmark. Private End- Unit Tucked Away With Good Access To Shops And Easy Access To The Club House. Lots Of Natural Light With An Abundance Of Skylights And Broad Windows. Large Closets And Refreshing Ceiling Fan. Spacious Balcony For Enjoying The Ocean Breeze And Beautiful Grounds. Come Live In A Resort Style Community With Two Heated Pools, Spa, Tennis Courts, Pickleball Courts, Putting Green, Shuffleboard, Gym And Weight Room, Guard Gated Community, Ceramic Room, Wood-Shop, Library, Billiard Room, And A Multitude Of Activities. Only 10 Blocks From The Beach.

Comparative Market Analysis

Active Under Contract Properties

Addr: 8933 Biscayne CT , Huntington Beach

Area: 14 - South Huntington Beach

OP: $699,000

LP: $699,000

LD: 08/09/2024

Beds: 2

YBlt: Elem: 1974

Sunday, September 29, 2024

Property Description: Come Home To Beauty!!! Stunning 2 Bedroom, 2 Bath, 1 Car Garage Condo Located In The Desirable Community Of Huntington Landmark. This Beautiful Ground Floor Condo Features New Kitchen With Granite Counter-Tops, High Quality Slainless Steel Appliances With Counter-Depth Refrigerator, Double Pane Windows, Brand New Air Conditioner, Recessed Lighting, Elegant Luxury Vinyl Flooring, Custom Built Closets, Extra Closets In Dining-Room And Bedroom, Brand New Copper Plumbing, Electric Fire-Place, Spacions Patio To Enjoy The Ocean Breeze And Beautiful View Of The Green Belt And Much More! The Community Offers Resort Style Living With The Many Amenities, 2 Heated Swimming Pools And Spa, Tennis Courts, Pickleball Courts, Bocce Courts, Putting Green, Shuffle Board, Gym And Weight Room, Club House, Gated And Guarded Community, Ceramic Room, Wood-Shop, Library, Billiard Room, And Many Activities For Your Enjoyment.

Pending Properties

Addr: 8777 Tulare DR , Huntington Beach Area: 14 - South Huntington Beach

OP: $635,000

$635,000

09/01/2024

Beds: 2

Elem: 1976

Property Description: Opportunity Knocking!!! Unique Breaker'S Model On The 1St Floor And With An Enclosed Atrium And Added 112 Sq Ft For Extra Living Space. The Condo Has 1091 Sq Ft + 144 Sq Ft Of Enclosed Atrium = 1235 Sq Ft. This Great 2 Bed - 2 Baths- 1 Car Garage Condo Is A Blank Canvas To Make It Your Own, And It Offers Prime Location In The Community With Beautiful Views Of The Green Belt. Enjoy The Outdoors And The Ocean Breeze In The Spacious Patio. The Community Offers Resort Style Living With The Many Amenities, 2 Heated Swimming Pools And Spa, Tennis Courts,Pickle Ball Courts, Bocce Courts, Putting Green, Shuffle Board, Gym And Weight Room, Club House, Gated And Guarded Community, Ceramic Room, Wood-Shop, Library, Billiard Room, And Many Activities For Your Enjoyment.

Comparative Market Analysis

Active Properties

Addr: 8777 Coral Springs CT , Huntington Beach Area: 14 - South Huntington Beach

OP: $749,000

LP: $689,000

LD: 08/21/2024

Beds: 2

YBlt: Elem: 1972

2

Sunday, September 29, 2024

Property Description: Welcome To 8777 Carol Springs Ct, Unit 5F, Huntington Beach! This Beautiful Home Offers 2 Bedrooms, 2 Bathrooms Of A Resort Style Living, A Perfect Blend Of Modern Elegance And Coastal Charm. Featuring A Spacious Open Floor Plan With Seamless Transitions Between The Living , Dining, And Kitchen Areas, An Upgraded Kitchen And Floors, And Ideal For Both Entertaining And Everyday Living. This Home Is Located In The Beautiful 55 And Over -Landmark Community, With A Private Guarded Gate Community Offers Impeccably Landscaped Woodsland Style Grounds And Extensive Recreation Facilities Including Two Pools, Spa, Exercise Room, Putting Green, Tennis/Pickleball Courts, And Bbq Area. The Clubhouse Features A Billiards Room, Library, Sewing Room, Woodshop, And Various Other Meeting Rooms For Bingo, Tea Parties And Other Recreational Activities. This Is Close To The Beach And A Must See! This Is The Place You Want To Call Home!

Addr: 8566 Van Ness CT , Huntington Beach Area: 14 - South Huntington Beach

OP: $699,999 LP: $699,999

07/23/2024

2

Elem: 1972

Property Description: Discover This Beautifully Maintained Upper Newport Model Condo , Designed For Those Aged 55 And Older. Located In The Sought-After Huntington Landmark Community, This Home Boasts An Open, Flowing Floor Plan With All-New Dual-Pane Windows, Sliders, And Tile Flooring Throughout. The Elegant Living Room Extends To A Charming Balcony With Park-Like Greenbelt Views, While The Formal Dining Room Enhances The Spacious Layout. As A Second-Floor Unit, It Is High Enough To Catch The Ocean Breezes In The Evening, Reducing The Need For Air Conditioning.

The Sunlit Kitchen Features A Built-In Microwave, Rich Natural Wood Cabinetry, A Stainless Steel Sink With Scenic Views, And A Coved Ceiling With Recessed Lighting. The Master Suite Offers A Generous Walk-In Closet And A Bathroom With A Tub/Shower Combination. The Guest Bedroom Includes Tile Flooring, And The Guest Bathroom Is Equipped With A Walk-In Shower With Glass Doors. A Laundry Closet Is Conveniently Located Off The Balcony.

Number of Days On Market

This graph illustrates the number of days on market for the listings in this analysis. Sunday, September 29, 2024

Comparative Market Analysis

Minimums and Maximums

This page summarizes key fields of the listings in this analysis.

The listings in this analysis can be summarized as follows:

Priced between $598,000 and $699,999

2 Bedrooms

2.00 Bathrooms

1,032 to 1,235 Square Feet

$514 to $678 per Square Foot

Built between 1972 and 1976

48 to 52 years old

Sunday, September 29, 2024

Subject Property Active Active: 7/26/2024 List Price

$699,999

Active Date: 7/26/2024

Listing ID: OC24153002 Your Comp Analysis List price.

$628,037 Last Edited: 9/29/2024

$609 Price per Sq. Ft.

Your Comp Analysis Range $506K – $755K

This report contains data and information that is publicly available and/or licensed from third parties and is provided to you on an "as is" and "as available" basis. The information is not verified or guaranteed. Neither this report nor the estimated value of a property is an appraisal of the property. Any valuation shown in this report has been generated by use of proprietary computer software that assembles publicly available property records and certain proprietary data to arrive at an approximate estimate of a property's value. Some portions of this report may have been provided by an RPR user; RPR is not responsible for any content provided by its users. RPR and its information providers shall not be liable for any claim or loss resulting from the content of, or errors or omissions in, information contained in this report.

Comparative Analysis

Confirm the Property Facts

Your realtor confirmed the property facts for this property so they could be used in selecting homes.

Average of Comps

Comps form the foundation of this analysis. Your agent has selected key comps for you to review.

Adjustments

Your agent has some insight into how your home relates to these comps that have adjusted the result.

$628,037

Range: $506K – $755K (or $609 per sq. ft.)

$628,037 Range: $506K – $755K (or $609 per sq. ft.)

Last Updated: 9/29/2024

Property History

Median Estimated Home Value

This graphic displays property estimates for a market area and a subject property, where one has been selected. Estimated property values are generated by a valuation model and are not formal appraisals.

Data Source: Public records, and MLS sources where licensed Update Frequency: Monthly

History

Assessed Values

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.