Alan Adamo - Huntington Beach, CA REALTOR®

Westminster Market Report January

Zip Code: 92683

People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are their lowest in years, and prices have come down to more affordable levels. Let’s check the facts directly off the MLS.

There are 104 SFR and 15 condo active listings as of January 30, 2012. There were 24 closed sales for both SFR and Condos in November with an average 80 days on the market. Last year this time, there were 30 closed sales, with an average of 71 days on market. The turmoil in Europe, and more specifically, problems with (PIIGS) economy in Portugal, Ireland, Italy, Greece, and Spain may have more of an impact on our economy than previously thought. Issue that weigh on our economy and with continued unemployment, I believe, seem to be stalling what could be a healthy recovery in our housing market.

Thank you,

Alan Adamo

714-726-5429

Fountain Valley Market Report January

Zip Code: 92708

People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are their lowest in years, and prices have come down to more affordable levels. Let’s check the facts directly off the MLS.

There were 87 SFR and 16 condo active listings as of January 30, 2012. There were 20 closed sales for both SFR and Condos in January with an average 122 days on the market. Last year at this time, there were 27 closed sales with an average of 96 days on the market. It appears that homes are taking longer to sell, which may be the result of many factors. I believe that uncertainty in the economy and employment on shaky footing may be causing reluctance in purchasing.

Thank you,

Alan Adamo

714-726-5429

Huntington Beach Market Report January

Zip Codes: 92646, 92647, 92648, 92649

People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are at historic lows, and home prices have come down to what many people feel are more affordable. Let’s check the facts directly off the MLS.

There were 280 SFR and 192 condo active listings as of January 30th, 2012 for all of Huntington Beach. There were 137 closed sales for both SFR and Condos in December with an average 108 days on the market. How does this compare the same time last year? There were 120 closed sales for SFR and Condos last December with an average of 102 days on the market. 89 properties that sold this January were a result of a distressed state, (NOD, Foreclosure, SS, REO.) Again, I feel the uncertainty of the economy and continued unemployment situation is having an impact on what could be a robust and healthy turn around in the housing market. The issues in Europe are something to keep our eye as well as it may have an affect on our economy as well.

Thank you,

Alan Adamo

714-726-5429

Zip Codes: 92646, 92647, 92648, 92649

People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are at historic lows, and home prices have come down to what many people feel are more affordable. Let’s check the facts directly off the MLS.

There were 321 SFR and 201 condo active listings as of November 30, 2011. There were 102 closed sales for both SFR and Condos in November with an average 101 days on the market. How does this compare the same time last year? There were 116 closed sales for SFR and Condos in November with an average of 92 days on the market. 35 properties that sold in November were a result of a distressed state, (NOD, Foreclosure, SS, REO.) Again, I feel the uncertainty of the economy and continued unemployment situation is having an impact on what could be a robust and healthy turn around in the housing market. The issues in Europe are something to keep our eye as well as it may have an affect on our economy as well.

Thank you,

Alan Adamo NAR, CAR, OCAR
Westline Real Estate - REALTOR®
westlinerealestate.com
714-726-5429

Zip Code: 92708

People and clients alike keep asking me what’s going on with the market? Is it a good time to buy? Of course all this depends on their situation, but yes, this could be a great time to buy. Interest rates are their lowest in years, and prices have come down to more affordable levels. Let’s check the facts directly off the MLS.

There were 82 SFR and 21 condo active listings as of November 30, 2011. There were 17 closed sales for both SFR and Condos in November with an average 101 days on the market. Last year at this time, there were 24 closed sales with an average of 85 days on the market. It appears that homes are taking longer to sell, which may be the result of many factors. I believe that uncertainty in the economy and employment on shaky footing may be causing reluctance in purchasing.

Thank you,

Alan Adamo NAR, CAR, OCAR
Westline Real Estate - REALTOR®
westlinerealestate.com
714-726-5429