The Huntington Beach Real Estate market is on the rebound and that includes the million dollar plus range as well. In Jan 2013, there were a total of 8 homes that sold over the $1 million dollar price point. The highest sale reported in at $1,825,000 for a french Normandy estate home located in the downtown Huntington Beach area. The home was on the market for a total number 84 days and closed from the original list price of $1,999,500. Other sales over the million dollar mark included new construction homes in the new Huntington Beach community of Pacific Shores.
The two sales came in at $1,193,128 and $1,137,514 for their four and five bedroom homes with square footage's of 3,585 and 3,608 respectively. We were noting on our last blog that some of the best deals can be found in these new construction communities like Pacific Shores and Brightwater. This is good news for these new communities as it's shows a strong buyer confidence.
Other notable transactions occurred in the Trinadad Island where a home sold for $1,649,000 and the gated community of Peninsula with a home sale at $1,425,000. All of the home sales that occured in January were standard sales with no distressed short sale or foreclosure sales. This is good news for the Huntington Beach market that continues to move forward with traditional sales. We have reported in the past that some of the best deals were short sale listings that are typically priced below market value. With the current low housing inventory we are seeing less short sale listings coming on the market in the million dollar plus range. Buyers thinking about buying a home in this price point should act quickly when a distressed property does come on the market.
We have showcased all the home sales below and encourage you to contact us with any questions no matter if you are thinking about buying or selling in the Huntington Beach area.