90804 market update

90804 Market Update

shannonjones Real Estate , Real Estate Market Update Leave a Comment

90804 Market Update: Real Estate Statistics and Information for the 90804 Areas of Long Beach, CA

Including the neighborhoods of Rose Park and Traffic Circle Area

With the exception of a peak of $575,000 in August 2015, home prices in 90804 are higher than they’ve been for several years. In January 2016, the median price of homes was $532,000, which reflects a 66.3% increase from the year prior in January. Last year, home prices surged in the summer months. If you are looking to buy a home in 90804 now is a good time to get a jump start.

The buying market in 90804 is competitive. Homes sold for 100% of the original asking price in January 2016, which is up slightly from the year prior in January.

Though Long Beach has low inventory right now, the supply of homes available in the 90804 neighborhoods is actually fairly balanced. In January 2016, there was a 3.2 months supply of homes available on the market. A balanced market means real estate is good for both buyers and sellers.

Condominiums in 90804

The price of condominiums in 90804 has slowly but mostly steadily increased since 2013.  In January 2016, the median sale price was $267,000, up 9% from the year prior.

Condos in 90804 have been selling for close to the list price.  In January 2016, the median percent of the original price received was 98.6%. This reflects a 2.9% increase in the list price to sales price ratio compared to the prior January.

In contrast to the supply of single family homes, the supply of condominiums in 90804 is very low. In January 2016, there was a 1.4 month supply of homes on the market, which is 56.5% lower than the year prior. Inventory has not been this low since 2013. If you are thinking about selling your condo, now is a great time if you hope to receive a high rate of return.

Bottom Line:

The real estate market in Long Beach is competitive. California is a hot destination for those looking to move and Long Beach continues to be an attractive city for home buyers. Due to the low inventory of condominiums in 90804, the market is favorable for sellers. However, for single family home buyers, the market is far more balanced.

Homes for Sale and In Escrow in 90804

$1,249,000
For Sale
4
Beds
3
Baths
2,688
Sq Ft
830 Santiago Avenue
Long Beach, CA 90804
Single Family Residence - Active
$859,000
For Sale
5
Beds
2
Baths
4,535
Sq Ft
1617 Temple Avenue
Long Beach, CA 90804
Single Family Residence - Active
New Listing - yesterday
$679,999
For Sale
4
Beds
2
Baths
1,710
Sq Ft
2631 E 7th Street
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 2 weeks online
$675,000
For Sale
3
Beds
2
Baths
1,322
Sq Ft
737 Molino Avenue
Long Beach, CA 90804
Single Family Residence - Active Under Contract
$650,000
For Sale
2
Beds
1
Baths
1,682
Sq Ft
1447 Newport Avenue
Long Beach, CA 90804
Single Family Residence - Active
$609,000
For Sale
2
Beds
1
Baths
884
Sq Ft
3926 E Wilton Street
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 5 days online
$599,000
For Sale
3
Beds
1
Baths
1,248
Sq Ft
1425 N Anaheim Place
Long Beach, CA 90804
Single Family Residence - Active Under Contract
$595,000
For Sale
3
Beds
1
Baths
1,201
Sq Ft
1082 Raymond Avenue
Long Beach, CA 90804
Single Family Residence - Active
$579,900
For Sale
2
Beds
1
Baths
1,168
Sq Ft
1075 Ximeno Avenue
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 4 weeks online
$565,000
For Sale
2
Beds
1
Baths
1,197
Sq Ft
4231 E 14th Street
Long Beach, CA 90804
Single Family Residence - Active Under Contract
$565,000
For Sale
3
Beds
2
Baths
1,402
Sq Ft
2930 E 15th Street
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 2 weeks online
$549,000
For Sale
5
Beds
2
Baths
1,975
Sq Ft
1225 Molino Avenue
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 2 weeks online
$549,000
For Sale
3
Beds
1
Baths
1,178
Sq Ft
3645 E 17th Street
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 3 weeks online
$515,000
For Sale
3
Beds
2
Baths
1,176
Sq Ft
3720 E Wilton Street
Long Beach, CA 90804
Single Family Residence - Active
$499,999
For Sale
3
Beds
1
Baths
1,396
Sq Ft
2433 E 15th Street
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 2 weeks online
$499,900
For Sale
2
Beds
1
Baths
660
Sq Ft
4137 E Fountain Street
Long Beach, CA 90804
Single Family Residence - Active
$499,000
For Sale
2
Beds
3
Baths
1,360
Sq Ft
3516 E Ransom Street #207
Long Beach, CA 90804
Condo - Active
New Listing - 3 weeks online
$484,900
For Sale
2
Beds
1
Baths
857
Sq Ft
1201 Termino Avenue
Long Beach, CA 90804
Single Family Residence - Active Under Contract
New Listing - 3 weeks online
$420,000
For Sale
2
Beds
2
Baths
1,263
Sq Ft
4835 E Anaheim Street #205
Long Beach, CA 90804
Condo - Active Under Contract
$385,000
For Sale
2
Beds
2
Baths
989
Sq Ft
1335 Newport Avenue #306
Long Beach, CA 90804
Condo - Active

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