One of the most common questions I get lately is about foreclosures. When is the shadow inventory going to hit the market? How many foreclosures are there in Huntington Beach right now? What is the price range for foreclosures in Huntington Beach?
So I am going to go away from my usual political sattire, and I am going to make this a regular monthly post on my blog. So feel free to follow the blog if you want to stay up-to-date on the trends and direction we are going in regards to distressed properties. Afterall, we are all in this together.
# of foreclosures by Zip code in Huntington Beach
92648--319 preforeclosure and foreclosures
92649--172 pre and foreclosures
92647--235 pre and foreclosures
62646--312 pre and foreclosures
That is a grand total of 1038. These are not necessarily all listed......these are just preforeclosures and foreclosures in public records. Of that number 307 are condos and 679 are single family homes. Now for all you math wizards I am aware the numbers do not add up. That is because the remaining 52 foreclosures are either commercial or multifamily, or land.
That number doesn't jump off the page at me.........that is until you do a blind search and see that (excluding pending, back-up, and hold do not show listings) there are only 543 active listings in Huntington Beach. That is with ZERO parameters. Of that only 148 (ranging in price from $122,750 all the way to $2,050,000) are tagged as preforeclosure, foreclosure, or short sale homes. (which is relying on real estate agents to correctly tag there listings, so there is a margin of error.....I know, should be basic, but you would be surprised!) What does that all mean. Basically we have a lot of hurting people and a lot of inventory getting ready to come on the market. That being said, demand is very high and there are numerous buyers for every house on the market, but it does give you a good idea of the amount of inventory that is going to have to be absorbed in Huntington Beach.
As always, feel free to call or e-mail me with specific questions, neighborhoods, etc.
Jason Kiffe
949-293-9959
