Orange County California Real Estate Market
The Orange County California real estate market has undergone substantial changes. Not that long ago, it was white hot and now, it’s cooled off significantly. It’s probably due to an annual cycle, which is playing out now. So, let’s take a quick look at the Orange County California real estate market and what’s unfolding at this time and what might occur in the near future.
The Orange County California real estate market is up as far as inventory goes but pending sales are down. This is actually good news as it puts buyers on a better footing. But, it also means sellers are no longer in control. Here are some of the largest takeaways in regard to the Orange County California real estate market.
The median home value in Orange County currently stands at about $723,000, which is an increase of approximately 2.4 percent over last year. Experts predict housing values will rise by about 1.6 percent over the course of the next year.
At this time, the median list price per square foot is at $431, higher than the Los Angeles Metro area of $430.
Meanwhile, the median list price for homes on the market in Orange County is $775,000. Although, the median selling price stands lower at $707,000.
Distressed properties — foreclosures and short sales — make up only a small percentage of homes, at 0.4 percent, below the national number of 1.1 percent.
Right now, the Orange County real estate market slightly favors buyers but isn’t very far off parity with sellers.
Huntington Beach Real Estate Market Trends
Huntington Beach real estate market trends show an increase in home values of about 3.7 percent over the last year. It’s expected to stay on an upward trajectory, further driving up property values in the foreseeable future. Read on to learn more about the latest Huntington Beach real estate market trends and what to expect in the area.
Huntington Beach real estate market trends currently show a market that’s fairly at parity with buyers and sellers. (Meaning, the real estate market does not favor sellers or buyers at this time and is balanced.)
The median home value in the City of Huntington Beach currently stands at about $836,000. This represents an increase and it is predicted the median home values in Huntington Beach will gain another 2 percent over the course of the coming year.
Right now, the list price per square foot in Huntington Beach is $506. (This is higher than the Los Angeles-Long Beach-Anaheim Metro average of $429.)
Meanwhile, the median list price of residential houses in Huntington Beach comes in at $875,000. However, the median sales price of homes in Huntington Beach currently stands at $790,000.
The median rent price in Huntington Beach is now $3,200, which is slightly more than the Los Angeles-Long Beach-Anaheim Metro rent price of $3,195.
Right now, homes for sale receive approximately two offer and sell in about 63 days. Although, more desirable properties sell in about half the time or 36 days. The foreclosure rate in Huntington Beach is only 0.4, well below the national number of 1.2.
Huntington Beach Weather
Huntington Beach weather. Wow, what a delight! For those seeking the best of the best, Huntington Beach is a definite must-experience. That’s because Huntington Beach weather is one of the most gorgeous, not just in the state of California, but also, in the nation.
Located just to the southeast of Los Angeles, this is the home of Huntington City Beach, which boasts the destination of the Huntington Beach Pier. Here, you’ll also find the International Surfing Museum, Huntington Central Park, as well as the Bolsa Chica Ecological Reserve. But, that’s not all. Let’s take a look at Huntington Beach and what you can expect to enjoy.
Huntington Beach is one of the best places on the planet to live, work, and play. And, this is in no small part due to the fantastic weather. So, here’s what Huntington Beach weather looks like from season to season:
- Fall. From the months running from September through November, temperatures range between the low 70s and high 60s in the day. During the night, averages drop to between 60 and 54 degrees.
- Winter. Then, in the months from December until the end of February, daytime highs average 63 degrees. Overnight, it ranges from 49 to 51 degrees, on average.
- Spring. From March through May, the average daytime high ranges between 63 and 66 degrees. During the nighttime, temps fall between 52 and 58 degrees.
- Summer. During June through August, daytime highs range between 68 to 72 degrees. While overnight lows go from 61 to 65 degrees.
Overall, August is the warmest month and December is the coolest.
A Visitor’s Guide to Huntington Beach
Huntington Beach is known as the place to surf in the United States. Here, you will find the Southern California lifestyle of yesteryear still thriving. You will not find any pretentiousness, only casual and cool residents and businesses. Huntington Beach welcomes visitors and the marvelous sand and surf beckon them to enjoy a beach lover’s life. Huntington Beach has some of the most consistent waves along the West Coast, which is why it is often referred to as Surf City USA. Here, you will see that surfing is a way of life for its residents.
This area is known as the central hub of Southern California. Here, you will find more than 10 miles of pristine beaches, Knott’s Berry Farm, Disneyland, Universal Studios, the iconic Pacific Coast Highway and many other well-known southern California locales. This area is the perfect location for your SoCal vacation with Huntington Beach being approximately 45 minutes from sunny Los Angeles and about an hour from beautiful San Diego.
Enjoy one of Huntington’s beach luxurious upscale hotels for the ultimate in relaxation and luxury. The Hyatt Regency Resort and Spa, the Hilton Hotel’s Waterfront Beach Resort, the Kimpton Shorebreak Hotel, and the Paséa Hotel and Spa will provide you with live entertainment, stunning ocean views, and delicious California cuisine. In addition to these luxurious beachfront properties, you will find numerous other hotel options, allowing you to find the perfect hotel no matter your travel budget. Whether you are traveling on business, visiting as a family, enjoying a romantic couples vacation or visiting the area with a tour group, you can find the perfect accommodations. Visit the Hotels and Motels section of our website to learn more about the different accommodations available in Huntington Beach.
Huntington Beach offers many shopping outlets and dining venues. The downtown area has unique boutiques, waterfront retail destinations and much more. The restaurants in the area are often described as eclectic. You will find hole-in-the-wall taco stands and cafes that use fresh ingredients creatively. No matter your palate, you are sure to find a great place to eat. You can download our information sheet to learn more about amazing Huntington Beach and all it has to offer. The information sheet includes photos and videos as well as news on the latest and greatest restaurants and shopping outlets in Surf City USA.
How To Brighten up A Dark Kitchen Area with Accessories
When it involves your kitchen, you truly wish to put initiative into how it looks. Not only do you invest a great deal of time developing meals in this area, but you also want to be sure that it is inviting for any events that will certainly take place in the room. Despite having the dullest and an uninviting kitchen, you can utilize these handy tips to develop a better atmosphere as well as a setting that is much more pleasing to the eye.
Beginning with the cabinets. When you transform the appearance of the cabinets, you will find that the whole appearance of the kitchen adjusts, too. You can transform a drab cooking area right into a more lavish cooking area just by changing out or upgrading your cabinets, or perhaps by simply using a brand-new coat of paint or varnish.
If you discover the wood flooring in your cooking area cannot be refinished, attempt laying a high-quality linoleum floor over it. This can provide your kitchen a better appearance quickly, whether or not you are working on any other areas of the kitchen. The floor states a lot about a kitchen, as well as a cost-efficient improvement like this will certainly give your cooking area an excellent makeover.
Purchase new tablecloths, and also tea towels to place in the cooking area. Table linen promptly changes the appearance of your kitchen, while coordinating with different designs, and tea towels will certainly add to the effect while truly offer your kitchen a new appearance.
Change the sink, if it’s old and also out-of-date. Just changing the sink and also your faucet can develop a brand new look for your cooking area that you will certainly locate spick-and-span as well as fresh.
Utilize a satin coating paint to spruce up the walls. Your walls are always going to require a bit of sprucing up, as your kitchen needs to handle constant warmth, moisture, as well as also flying food debris every now and then. You can use a satin finish to obtain the most effective look for your kitchen’s wall surfaces.
With these basic and also easy tips for revamping your cooking area, you can transform any old and out-of-date kitchen area right into the very best space in your house, ideal for suiting all the gatherings that your family wishes to have. You can most definitely have the cooking area you desire in just a few straightforward actions.
What affects Mortgage Rates
When you want to obtain a home loan, plenty of different aspects will influence exactly how high or low your home mortgage rate will be. These essential factors will certainly be thought about by the lending institution you are handling as well as they will certainly choose what sort of home mortgage with what interest rate you receive. Certainly, if you discover what these aspects are you can alter them somehow, perhaps you will be able to obtain an offer which is a great deal better to your benefit then what the first option was that the lender provided you. So if you intend on learning more about these factors, please keep reading the points in this post to consider.
Lenders generally promote the best price they can provide borrowers and this price will generally rise if the debtor doesn’t have the very best possible situations which they typically do not. Yet it still doesn’t indicate we can not learn what factors impact home loan rates and also attempt to regulate them to our benefit. The following aspects have the most result on a rate of interest going greater or lower:
1. Your credit rating
Your credit history plays a big function for your interest rates being determined. The better your credit rating is, the more chance you will certainly have for getting a much better interest rate.
2. Work scenario
It goes without saying if you have stable earnings and your employment circumstances are looking great, loan providers will certainly trust you more and offer you better prices.
3. The quantity of your income
The greater your income is, the better prices you will certainly obtain. All lending institutions want is to feel they can trust you to pay your repayments promptly.
4. The quantity of down payment
The even more deposit you pay at the start of the loan, the reduced interest rate you’ll have to pay later.
5. What the age of the lending is
6. The objective of the house
It’s important for lenders to recognize what the function of your home is, this will affect your rate of interest quite a lot.
7. Age of the funding
These were the major elements deciding your rate of interest, however, a few other aspects may also affect interest rates, yet the ones we mentioned are the most vital ones which if you discover enough about, you will basically be doing everything you can for your rate of interest. You ought to likewise understand the truth that if you intend to live in your home you want to get, or if you want to purchase it, will certainly influence the rates of interest you get.
Things to Do in Huntington Beach added
Huntington Beach weather is some of the finest, not only in the state of California but also, in the world. With very few rainy days and such great seasons, it’s little wonder why so many people choose to call Huntington Beach home. And, it’s a big part of the reason there are so many visitors, regardless of the season. So, let’s take a look at the weather in Huntington Beach, California.
Things to Do in Huntington Beach
We’ll begin with some of the best things to do in Huntington Beach. Located southeast of Los Angeles, Huntington Beach, is best known for its surfing. But, there’s more to see and do. Like the following:
- The Huntington Beach Pier. Stroll along and behold the scenery. This is one of the biggest draws of the area and for good reason.
- The International Surfing Museum. Here, guests will discover the history of the aquatic sport and see many exhibits, featuring things like longboards, and much more.
- Sprawling Huntington Central Park. This is where locals and visitors go to enjoy lakes and gardens. (It also has an equestrian center.)
Huntington Beach Weather
Now, as for the weather in Huntington Beach, it’s simply delightful. And, it doesn’t matter what time of year you visit. Here’s a breakdown of what to expect from Huntington Beach weather:
The spring months of March through May averages highs in the mid-60s and lows in the 50s. The summer months of June through August range from highs in the 70s and lows in the 60s. Fall see temperatures in the low 70s and high 60s. While winters are super mild, from the 60s, down to the 50s.
Reasons to move to Huntington Beach
Huntington Beach offers some big benefits. No matter what you’re looking for or enjoy, it’s all right here to experience. If you’re are considering relocating and want to know more about life in Huntington Beach, California, just read on to learn about the largest benefits.
Advantages of Living in Huntington Beach California
Located on the coast of the Pacific Ocean and known largely for its pier and surfing museum, Huntington Beach, is just to the southeast of Los Angeles and to the north of Newport Beach. It’s a great city, with plenty of recreation fields, parks, lakes, as well as gardens. But, these certainly aren’t the only reason so many people choose to call Huntington Beach home. Here are the best advantages to living in Huntington Beach, California you should know about:
- Weather. Let’s begin with the most obvious — the weather. It’s simply delightful, with warm summers, mild winters, and wonderful fall and spring seasons, alike.
- Culture and lifestyle. If you enjoy an eclectic culture and a laid-back way of life, you’ll find both in high supply here in Huntington Beach. There are plenty of arts and culture, shopping, dining, entertainment of all kinds, and so much more. Take in a live show, walk the beach, get out and get active. It’s all here and waiting for you to enjoy
- Employment opportunities. Huntington Beach isn’t too far from the silicon tech world. And, more and more businesses choose to relocate or start here. Which creates greater and greater job growth and opportunities across many industries.
Things to do in Huntington Beach
Huntington Beach Pier
The iconic Huntington Beach Pier is one of the most visited in the state of California and for many reasons. The Huntington Beach Pier is actually one of the longest of its kind on the west coast, running an incredible 1,850 feet in length. It’s listed on the California Register of Historical Resources and serves as perhaps the most recognizable landmarks in the city of Huntington Beach.
Huntington Beach Pier
The Huntington Beach Pier was originally built around the year 1902. It was first constructed of wood and extended 1,000 feet into the Pacific Ocean. Then, in 1910, the Huntington Beach Pier sustained extensive damage by a strong storm, causing a sizable portion of it to break off. The next year, a board of trustees approved funds to rebuild it with concrete and extend it out to 1,350 feet. Then, in 1931, the Huntington Beach Pier was again extended by five hundred feet, bringing it to its present-day length.
Today, the Huntington Beach Pier serves a few different purposes. Of course, it’s one of the most walkable on the west coast. So, many people come here simply to wander about and explore the nearby area. It’s also a popular spot for surfers to take to the waves. And, sport fishing is another popular recreation. It’s likewise a great location to watch the sun go down and rise, practically any day of the year.
The last refurbishment of the Huntington Beach Pier occurred from October 1990 to July 1992. It was added to the National Register of Historic Places in 1989.
Huntington Beach Cost of Living
The Huntington Beach cost of living indexes reveals a diverse mix of lower and higher costs. Huntington Beach is actually one of the more affordable places to live in the Golden State in several expense categories. So, let’s take a quick look at the cost of living in Huntington Beach, California.
Huntington Beach Cost of Living
The cost of living in Huntington Beach, California, like the rest of the west coast state, is higher than the national average. But, it’s definitely not all bad news. In fact, it’s relatively less expensive than other big Golden State cities.
For example, when compared with a national baseline average of 100, Huntington Beach, the cost of utilities is just a few points higher, at 103. The cost of healthcare is 105, while goods and services come in at 108. Groceries rank at 114, compared to the statewide average of 115. Transportation in Huntington Beach comes in at 132.
However, when it comes to housing, that’s when Huntington Beach shows it’s one of the most highly desirable places to call home. It’s about 3x the national average and also more expensive than some of the state. But, it’s location offers a wide range of recreation, plenty of entertainment, and some of the best weather in the whole country. That’s why people love to live, work, and play in Huntington Beach.
Come to explore the area and see what it offers. With just a little compromise, its residents sure get a lot in return to enjoy day after day.
About Real Estate Investing added 5-8-2018
A lot of people are looking for ways to make more income. One way to do this is with the help of real estate investments. While this can potentially increase your cash flow, you must know what you’re doing. This article will teach you about it.
Get to know other people who invest in real estate market. It’s important to reach out to others and get the advice they can give you if they are more experienced than you. It can be useful to have contacts who know a few real estate investor friends. You can easily find like-minded people by looking online. Join some forums and look into attending meetups.
Problems with tenants may consume a lot of time for you.
Be certain to choose regions that are in a well-known area in which potential tenants might be interested. This is very important because it could give you the property. Try finding property that can be kept up easily.
This will provide you with valuable insight that will help you with the different facets of the industry. You might even get a chance to talk individually with this person.
It may even be illegal to dig before checking for lines, so do your homework first.
Make certain you’re going to get back your investment, plus some.
Think about the advantages of a property manager. The property management company will screen your potential renters and handles repairs. This will give you with more time to focus on searching for other lucrative real estate opportunities.
This will minimize risk since you’ll already have a good feeling for the neighborhood already.You won’t need to think about some faraway rental property because it will be in your neighborhood. The true way you have any control the investment is to live nearby so you can manage things on your own.
Many people are making money off of real estate investments. However, if you want your investment to pay off, you need to know all you can about it. This article gives you useful advice that you can incorporate into your strategy.
Huntington Beach Real Estate Market
The Huntington Beach real estate market isn’t all that different from most popular locations about the Golden State. In fact, it’s pretty much in-line with what professionals in and out of the area would expect. As with other highly desirable places to live, the Huntington Beach residential real estate market is no exception when it comes to key factors. So, let’s take a quick look at the Huntington Beach real estate market and what trends just might emerge over the coming months.
Huntington Beach Real Estate Market
Located to the southeast of Los Angeles, Huntington Beach is well-known for its surf. Actually, that’s its main draw. But, there are certainly other attractions. It is not only popular for surfers, but also, a great place for families. For example, Huntington Central Park boasts lush gardens, big fields, as well as its own equestrian center. Plus, there’s the Bolsa Chica Ecological Reserve. Here, visitors can explore the natural beauty of the wetlands and enjoy all kinds of animal encounters, particularly birds.
The Huntington Beach real estate market is a highly active one. Over the course of last three years, it experienced a fairly steady upward trend in the median listing price. Today, the median listing price is still over what it was back in March of 2015, but near its peak in June of last year.
The median days on the market show no real predictable signs. The lowest point occured back in April 2015, with just 36 days. That figure spiked substantially in December 2015 and then again in January 2017, at 75 day and 73 days, respectively. However, in December 2017 and February 2018, the median days on the market fell to 50 and 40, respectively, with a temporary upturn in January 2018 of 59 days.
All totaled over 1,800 homes sold in Huntington Beach during 2017. This, compared to just over 1,400 in 2008. By 2012, that figure rebounded to more than 2,000 closed residential real estate transactions.
So, what does all of this mean for buyers and sellers in Huntington Beach? Well, it means with over 400 active listings and the median listing price creeping slowly up, that it’s time to sell for a solid ROI or buy to lock-in housing costs at near record low interest rates. The Federal Reserve will incrementally increase rates through the year, stepping away from quantitative easing.
Sellers can take advantage of low inventory while buyers can benefit from low rates and less restrictive approval standards in Huntington Beach.[/vc_column_text][/vc_column][/vc_row]