The Huntington Beach Real Estate market is really picking up, especially for homes listed for sale under $500,000. Currently there are 77 single family homes in escrow that are detached single family homes priced below $500,000. This is in comparison to 27 homes listed currently active "for sale" in this same price range with a large number of them being new listings. What has changed? Well, buyers are feeling better about the economy and starting to make bids on well priced homes. Also, renters who have been renting homes for the past few years also realize now is an ideal time to buy with low interest rates and record low prices. Homes priced below $500,000 is a huge market right now. This seems to be the magic number that a large number of buyers can afford so It's not surprising when a new home comes on the market and already has multiple offers within a matter of days. A lot of out of state home buyers don't understand that things have changed by the beach and are still hearing about the bad news that a lot of news media outlets will portray the market. Rest assure, the Huntington Beach market has really kicked into high gear in 2012 and record low inventory is not helping buyers find ideal properties. Our recommendation is to work with a local real estate agent who understands the local market and has experience with short sales. The sad fact is that a lot of these well priced homes are also short sales. Having an agent who has experience with short sales and knows how to draft an offer that will get accepted is the key. 2012 is turning out to be a great year to buy real estate by the beach no matter what price range you are looking. Happy house hunting!