Fountain Valley/N.E. Huntington Beach Real Estate Update May 2017

May 10, 2017 Leave a comment

Fountain Valley Home Shortage Continues!

As home inventory shortage continues, so do prices continue to rise. The data is clear: In April 2015, there were 75 FV home listings; in April 2016, 53; and this past April 2017: 36. Buyers are still buying, but with the shortage, demand have increased greatly. Comparing between Apr 2016 and Apr 2017, the medium price for 3-bedroom detached homes increased from $680,000 to $717,000, while the medium price for 4- or more-bedroom detached homes increased from $762,500 to $845,000. As of 5/8/17, un-sold inventory is 39 detached homes & 36 condos/townhomes. It continues to be a seller’s market. Great news for buyers is the 30-yr fixed rates is still low at 4.125%/4.125% APR while the 30-yr fixed $417k-$636k loan rate is 4.250%/4.250% APR and FHA 30-yr fixed rate is 3.750%/4.598% APR per www.WhyLaurieMacey.com

To read the entire newsletter, click the following:

MWU Properties FV/NE.HB Newsletter 2017-05-08.pdf

 

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Thank you for reading!
Matthew

www.MWUproperties.com

612-888-4MWU

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Disclaimer: This blog is for educational purposes only and opinions expressed in this blog is strictly of my own and not necessary of my broker/brokerage.  No tax or legal advice are given — please consult your tax or legal experts.  All rights reserved. Copyright 2017. 
About My Services: I am a Realtor and real estate owner/investor based in Orange County, CA. I manage my properties, having lived alongside tenants for a number of years. I help my clients purchase properties, sell their properties at the highest market value, and increase their real estate portfolio — and I can do the same for you. You can read about my background and approach here.

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