The Huntington Beach Real Estate market seems to be in full swing as many real estate investors and home buyers are jumping back into the marketplace. Why is this happening? First, buyers confidence is up, way up! Real Estate by the beach has always been desirable and as the economy starts to improve we tend to see the improvement by the beach a lot quicker than other locations not by the water. Ask any real estate agent and home buyers looking to buy a home under $500,000 and you will hear countless stories of multiple offers and the struggles it takes to buy a home in 2012. Second, Huntington Beach is a huge inventory of three to four bedroom single level homes that tend to be priced right around the $500,000 price point which is very attractive to buyers looking to break into the beach real estate market. Homes located lower than this number will have a lot of traffic and most likely a lot of offers!
Let's look at the current lowest price single family home located in the West Huntington Beach area known as the "Princess" neighborhood. Nice name for a community don't you think? The home located at 7162 Betty Dr is priced at $400,900 and listed as a short sale. This is a great price for a single family home and features two bedrooms and two baths and 958 square feet. Make sure to brush up on how short sales work since they can be very challenging and frustrating if you don't know how they work. Be prepared to bid against other similar buyers and if your offer is chosen as the one sent to the bank patience is the key! Make sure you also work with a local Huntington Beach agent who has experience with short sales and can help you through each step of the process. 2012 is a great time to buy a home and we hope you take advantage of these great opportunities as they are sure not to last long!