Huntington Harbor Real Estate

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A neighborhood in the northwestern part of Huntington Beach, California, along the coasts of the Pacific Ocean in the southern part of the state’s Orange County, Huntington Harbor lies along the scenic Pacific Coast Highway and is a planned community with more than 15,000 homes and condominiums, many of which offer waterfront ocean views. Many of the homes also include boat slips and the neighborhood has two public marinas.

Like many neighborhoods in Orange County, the market for Huntington Harbor real estate saw significant effects brought upon it in the aftermath of the economic downturn that began in late 2008. These ill effects include a rise in foreclosures and a drop in home values as well as some decreased sales activity as many would-be homeowners struggled to get financing amid the credit crisis before the government enacted stimulus plans to get more homebuyers in the market.

At the end of 2009, Huntington Harbor saw an annual decline in the price of properties in its residential real estate sector. According to the Orange County Register‘s annual chart, the median price of Huntington Harbor homes for sale in 2009 was $605,000, a 3.7% decline from 2008′s median price. Meanwhile, sales activity in 2009 actually rose slightly, with 314 homes sold, a 6.1% increase year-over-year.

Though prices have begun to increase a little since the end of 2009, they are still below levels where they were last year. The March monthly median price for homes in Huntington Harbor was $615,500, still off 8.75% from the price during March 2008. Despite less than stellar news on the pricing front, however, sales activity in March was up a full 50% year-over-year, with 24 properties sold in March of this year, according to the Orange County Register’s monthly chart.

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