Just ask anyone who bought, or attempted to buy a Seal Beach home, and they’ll tell you stories about competing offers and over bidding. Though the areas of Old Town, The Hill and Heron Point had relatively few homes for sale, overall 65 Seal Beach homes sold in 2013 versus the 59 sales in 2012.
Increased buyer demand for these areas was very notable which is reflected in the number days a home is on the market before accepting an offer. In 2013, the average days on market for Seal Beach homes was 76, down from 103 days in 2012. I feel it is worth pointing out that the 76 days on market average was across the entire price range which is very broad in the aforementioned neighborhoods.
Another positive indicator that the market is recovering is the increased average sales price (many people can now call it equity). In 2013, the average sales price in Old Town, The Hill and Heron Point was $1,170,924 up from $929,260 in 2012. This task was not accomplished without many appraisal challenges.
This neighborhood enjoyed a solid increase in the average sales price last year as well. In 2013, the average sales price in College Park East was $704,428 up from $660,070 in 2012.
College Park West, though a smaller neighborhood, also posted gains. 2013 yielded a total 9 homes sold, up from 8 sales in 2012. Buyer demand forced the average days on market down to 53, significantly down from 104 days in 2012. The end result of all this was noteworthy increase in the average sales price to $643,667 up from $571,250 in 2012.
What will 2014 hold for people considering the sale of their Seal Beach home? How much will Seal Beach home values continue to climb? Unfortunately, no one has a crystal ball that can answer those questions with absolute certainty.
If you are considering selling your Seal Beach home, or are just curious, the first piece of information you must know is the value. The online resource more residents are turning to for this information is www.SealBeachHomeValues.com. Who knows, the value of your home might just be that magic number you need to finally sell it.