Market Update 11.30.2021 - Housing Catastrophe
This edition of the Orange County Housing Report (see link) echoes the sentiments we have known for a little while now...We are in an inventory catastrophe with numbers at an all time low. The days on market are also dropping making this winter still a very hot sellers market.
This week here are the two things you need to know about the market...
#1 - Interest Rates
Rates as of 11/29/2021
*30 year mortgage average: 2.875%
*15 year mortgage average: 2.125%
*If you wanted to buy a home for: $1,000,000
Down payment (20%): $200,000
Est. monthly mortgage payment: $4,653/month for 30 years
Est. monthly mortgage payment: $6,528/month for 15 years
Get pre-approved to be ready for the purchase process now. If you would like to speak with a mortgage lender, click reply and I will make an introduction to a lender that will best meet your lending needs.
#2 Real Estate Market Snapshot for Huntington Beach as of 11/29/2021
* There are 17 new homes on the market in the last week in Huntington Beach for a total of 104 active listings.
* 29 properties went under contract in the last week.
* Median list price is $1,250,000.
If you want to see the most current new homes that hit the market in the last few days click for my private mls portal or get ahead of the market and see the homes that will be coming soon.
If you can't find what you are looking for in a particular city just reply and I will work with you 1 on 1 to tailor a search for you.