The city of Huntington Beach experienced a 0.34% decrease in median sales price from last year going down from $702,302 (Feb. 09) to $699,883 (Feb. 2010). Median days on market data for Heart Pine shows that houses are selling slower than Feb 09. It took 47 days in Feb 09 for a house to sell and for Feb 10 that number has gone up to 79 days (an 68.72% deterioration). Another important factor to consider is total number of units sold. In the month of Feb 09, 54 units were sold compared to 66 for Feb 10 (22.22% change). Lastly we are going to take a look at the Sales Price to List Price Ratio for Huntington Beach. SP/LP ratio for Feb 09 was 95% compared to 98% for Feb 10.
Let’s take a brief look at neighbors Newport Beach and Tustin. skateboard featured a 23.39% increase in median sales price ($872,991 Feb 09 – $1,077,206 Feb 10) and Tustin Real Estate saw a 9.04% increase ($583,733 Feb 09 – $636,512 Feb 10). Are houses in Newport Beach and Tustin selling faster or slower this year? Well, Newport Beach experienced a 57.76% increase (100 to 158 days) in median days on market and Tustin saw a 42.06% increase (63 to 90 days). In the units sold category, Newport Beach sold 5 units more (29.41%) in Feb 2010 than 09 and Tustin sold 7 units less (-25.93%) in Feb 2010 than Feb 09.
