As we near the end of summer along the So-Cal Coast, so will go this years season of Open House watching. This has been a particularly interesting year. Realtors across the board have been struggling due to the lack of sellers, not buyers. Inland, many homes that are priced well find upwards of a dozen offers, with many near or right at full price.
An overpriced house will sit for a long long time though.
Along the coast it is a different story. For instance in the Huntington Harbor, Kelly Bourquin of Keller Williams Realty tells us there is just one mainland home on the market. Two years ago there were over a dozen according to Kelly.
This weekend Kelly is hosting an open house for one of the very few waterfront homes listed under $2.0 Million. Recently homes listed as high as $4.7 Million on the water have gone into escrow, and look like they will close soon.
The open house this weekend features an updated waterfront home with 50′ of waterline. The large deck already has a concrete pad and gas line ready for you to plug in your Bar-B-Que and start Grilling. Located on one of the widest areas of the channel, the views are fantastic. The balcony off the master bedroom is a great place to read and relax year round.
For more information on the open house, click this link to Trulia.
Moving south along the coast, several very unique properties were offered for sale and to lease that are now off market. Many times with a lease it is difficult to track, but we must assume the homes have new happy tenants given the market conditions.
As summer comes to an end the housing market usually slows down just a bit. Many agents we talked with are wondering how much slower it can go. When people don’t want to sell, the market can’t pick up any speed. The houses that are for sale won’t last long so if you are in the market to buy, now might be the time.
For more information, Kelly Bourquin of Keller Williams can be reached at 714-594-SELL (7355)