Fountain Valley Pays a Premium

91 people turned out at the Hotel Huntington Beach last night to learn what’s going on with home prices, mortgage rates and all the rest of the craziness that we lovingly call The Real Estate Market. It’s part of our regular Red Carpet Events. The next one’s in Carlsbad on September 24th- you can RSVP here.

In the Huntington Beach Area, the interesting news in the last two months’ sale-to-list price data is that Fountain Valley houses were selling for 101.8% of list price. Data is below, and here are the full slides.

Northeast Huntington Beach home
Fountain Valley Houses: HOT.

You could get a better deal in Balboa, selling at 86% of list (note there were only two sales in this date range), but you’d have to come up with about $5 million for a home.

Huntington Beach Area Houses Sold July 7- Sept. 7 2008

Area # Deals Final v. List Average Price
Balboa Peninsula Houses 2 86.5% $4,447,500
College Park East Houses 7 96.3% $731,000
East Bluff – Harbor View Houses 20 89.5% $1,770,575
Fountain Valley / Northeast HB Houses 8 101.8% $519,238
Lower Newport Bay – Balboa Island Houses 6 92.1% $2,751,667
Newport Heights Houses 6 94.7% $2,141,250
Northwest Huntington Beach Houses 58 96.4% $824,971
Seal Beach Houses 37 94.0% $321,919
South Huntington Beach Houses 44 98.5% $626,357
West Bay – Santa Ana Heights Houses 15 92.8% $1,302,733
West Huntington Beach Houses 69 95.8% $994,319
West Newport – Lido Houses 12 93.3% $2,192,708

Huntington Beach Area Condos Sold July 7- Sept. 7 2008

Area # Deals Final v. List Average Price
East Bluff – Harbor View Condos 7 96.2% $1,097,143
Fountain Valley / Northeast HB Condos 5 96.4% $348,580
Newport Heights Condos 9 94.4% $602,767
Northwest Huntington Beach Condos 19 96.3% $428,607
Rossmoor Condos 2 97.4% $299,500
Seal Beach Condos 2 96.5% $498,500
South Huntington Beach Condos 29 97.7% $378,024
West Huntington Beach Condos 34 96.1% $581,625
West Newport – Lido Condos 2 90.0% $931,250

Photo credit: jkoegel on flickr.

  • http://www.rpmcoast.com Bryant Hull

    That is odd. However there are many short sales that list well below market and the price gets bid up above the original list price. This could explain the little phenomena. In short sales the list price is in most cases not supported by the Bank. The bank will review offers then negotiate an actual price which tends to be higher than the teaser price thrown out there by the agent.