Market Update 11.16.2021
This week here are the two things you need to know about the November housing heat wave we are experiencing...
#1 - Interest Rates
Rates as of 11/15/2021
*30 year mortgage average: 2.875%
*15 year mortgage average: 2.250%
*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: $6,575/month for 15 years
#2 Real Estate Market Snapshot for Huntington Beach as of 11/15/2021
* There are 25 new homes on the market in the last week in Huntington Beach for a total of 129 active listings.
* 36 properties went under contract in the last week.
* Median list price is $1,199,900.
To find out more about our current housing condition in Orange County be sure to check out the link for the report from Steven Thomas.
We are here to help you navigate this real estate heat wave to locate homes that will meet your desired criteria or prepare your home for sale and ultimately negotiate for you the best sale or purchase. In a market with such tight inventory you want experienced agents that will guide you through this process. We will have your best interests in mind every step of the way.
PS...We are very thankful for the opportunity to assist you or your referrals with your real estate needs. Feel free to forward this to someone interested in the market or reply and let us know how we can assist.