90802 market update

90802 Market Update

shannonjones Long Beach Real Estate , Real Estate Market Update Leave a Comment

90802 Market Update: Real Estate Statistics and Information for the 90802 Areas of Long Beach, CA

Including the Neighborhoods of Downtown, East Village, and Alamitos Beach

The price of homes in 90802 have remained fairly consistent, with the exception of a major price surge in August 2014. At $291,000 in January 2016, the median price is 36% lower than the year prior in January. However, 90802 is a mostly condominium filled area of Long Beach so the number of condos sold in 90802 far exceeds single family homes sold.

In January 2016 there were seven active single family home listings and one closed sale. The number of active listings has fluctuated a lot in 90802. However, the market has way more active condominium listings.

After a dip in December, the inventory of single family homes in 90802 iincreased in January 2016, rising to a 3.9 month supply of homes on the market. This reflects a 95% increase from January 2015.

Condominiums in 90802

The price of condominiums in 90802 is higher than it’s been for several years. Since 2013, condominium prices have increased fairly steadily. In January 2016, the median price was $347,000, which reflects a 31.2% increase from the year prior in January. Just in the past two months, the median price increased from $290,000 to $347,000.

The number of active condo listings in 90802 is quite low. In January 2016 there were 89 active listings, down 21.2% from the year prior and at the lowest level since early 2013.

Coinciding with the low number of active listings, inventory is also very low. In January 2016, there was a 2.2 month supply of condos on the market in 90802, which reflects a 37.1% decrease from the year prior in January. Overall, inventory has not been this low since March 2013.

Bottom Line

The market is extremely competitive for those looking to buy a condominium in 90802. For sellers this means a high rate of return can be expected. If you are thinking about selling or buying a single family home in 90802, the market is quite balanced, meaning both sellers and buyers can benefit equally.

90802 Homes in Escrow

$2,650,000
For Sale
3
Beds
4
Baths
3,176
Sq Ft
1720 Bluff Place
Long Beach, CA 90802
Single Family Residence - Active Under Contract
$1,399,000
For Sale
3
Beds
2
Baths
1,760
Sq Ft
400 W Ocean Boulevard #2903
Long Beach, CA 90802
Condo - Active Under Contract
$1,300,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #407
Long Beach, CA 90802
Condo - Active Under Contract
$1,249,000
For Sale
717 E 1st Street E S
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - a week online
$1,200,000
For Sale
3
Beds
3
Baths
1,760
Sq Ft
400 W Ocean Boulevard #2803
Long Beach, CA 90802
Condo - Active Under Contract
$1,199,000
For Sale
3
Beds
2
Baths
1,510
Sq Ft
1000 E Ocean Boulevard #405
Long Beach, CA 90802
Condo - Active Under Contract
$1,100,000
For Sale
441 E 5th Street
Long Beach, CA 90802
Downtown (DT) - Active Under Contract
$1,089,000
For Sale
2
Beds
2
Baths
1,633
Sq Ft
1230 E Ocean Boulevard #201
Long Beach, CA 90802
Condo - Active Under Contract
$1,049,000
For Sale
2
Beds
2
Baths
1,259
Sq Ft
1400 E Ocean Boulevard #1106
Long Beach, CA 90802
Condo - Active Under Contract
$979,900
For Sale
2
Beds
2
Baths
1,300
Sq Ft
1400 E Ocean Boulevard #1103
Long Beach, CA 90802
Condo - Active Under Contract
$928,000
For Sale
2
Beds
2
Baths
1,593
Sq Ft
850 E Ocean Boulevard #501
Long Beach, CA 90802
Condo - Active Under Contract
$927,000
For Sale
449 Walnut Avenue
Long Beach, CA 90802
Alamitos Heights (AH) - Active Under Contract
$799,900
For Sale
2
Beds
2
Baths
1,313
Sq Ft
525 E Seaside Way #1509
Long Beach, CA 90802
Condo - Active Under Contract
$799,800
For Sale
2
Beds
2
Baths
1,377
Sq Ft
850 E Ocean Boulevard #1103
Long Beach, CA 90802
Condo - Active Under Contract
$799,000
For Sale
1
Beds
1
Baths
1,150
Sq Ft
1310 E Ocean Boulevard #B13
Long Beach, CA 90802
Condo - Active Under Contract
$799,000
For Sale
329 Hermosa Avenue
Long Beach, CA 90802
Alamitos Beach (AB) - Active Under Contract
$795,000
For Sale
2
Beds
2
Baths
1,399
Sq Ft
525 E Seaside Way E #1909
Long Beach, CA 90802
Condo - Active Under Contract
$789,998
For Sale
2
Beds
2
Baths
1,231
Sq Ft
1750 E Ocean Boulevard #1109
Long Beach, CA 90802
Condo - Active Under Contract
$760,000
For Sale
2
Beds
2
Baths
1,400
Sq Ft
850 E Ocean Boulevard #204
Long Beach, CA 90802
Condo - Active Under Contract
$759,000
For Sale
2
Beds
2
Baths
1,410
Sq Ft
411 W Seaside Way #703
Long Beach, CA 90802
Condo - Active Under Contract

Homes for Sale in 90802

$2,650,000
For Sale
3
Beds
4
Baths
3,176
Sq Ft
1720 Bluff Place
Long Beach, CA 90802
Single Family Residence - Active Under Contract
$1,299,000
For Sale
6
Beds
4
Baths
3,529
Sq Ft
1818 E Appleton Street
Long Beach, CA 90802
Single Family Residence - Active
$875,000
For Sale
3
Beds
1
Baths
1,528
Sq Ft
1801 E Broadway
Long Beach, CA 90802
Single Family Residence - Active
$749,000
For Sale
4
Beds
2
Baths
2,029
Sq Ft
589 Walnut Avenue
Long Beach, CA 90802
Single Family Residence - Active
$679,000
For Sale
3
Beds
1
Baths
1,052
Sq Ft
1200 E Appleton Street
Long Beach, CA 90802
Single Family Residence - Active Under Contract
$649,900
For Sale
3
Beds
2
Baths
1,920
Sq Ft
416 N Virginia Court
Long Beach, CA 90802
Single Family Residence - Active
New Listing - 2 weeks online
$645,000
For Sale
3
Beds
2
Baths
1,650
Sq Ft
1531 E Broadway
Long Beach, CA 90802
Single Family Residence - Active
$639,900
For Sale
3
Beds
2
Baths
1,465
Sq Ft
277 Cerritos Avenue
Long Beach, CA 90802
Single Family Residence - Active Under Contract
$549,000
For Sale
2
Beds
1
Baths
816
Sq Ft
1842 E Florida Street
Long Beach, CA 90802
Single Family Residence - Active Under Contract
$548,900
For Sale
3
Beds
2
Baths
1,131
Sq Ft
493 Almond Avenue
Long Beach, CA 90802
Single Family Residence - Active
Short Sale
$498,000
For Sale
3
Beds
2
Baths
1,628
Sq Ft
1626 E 6th Street
Long Beach, CA 90802
Single Family Residence - Active
$350,000
For Sale
2
Beds
1
Baths
485
Sq Ft
1035 E 4th Street #C
Long Beach, CA 90802
Single Family Residence - Active
$295,000
For Sale
1
Beds
1
Baths
378
Sq Ft
1608 E Florida Street
Long Beach, CA 90802
Single Family Residence - Active

90802 Condos in Escrow

$1,399,000
For Sale
3
Beds
2
Baths
1,760
Sq Ft
400 W Ocean Boulevard #2903
Long Beach, CA 90802
Condo - Active Under Contract
$1,300,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #407
Long Beach, CA 90802
Condo - Active Under Contract
$1,249,000
For Sale
717 E 1st Street E S
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - a week online
$1,200,000
For Sale
3
Beds
3
Baths
1,760
Sq Ft
400 W Ocean Boulevard #2803
Long Beach, CA 90802
Condo - Active Under Contract
$1,199,000
For Sale
3
Beds
2
Baths
1,510
Sq Ft
1000 E Ocean Boulevard #405
Long Beach, CA 90802
Condo - Active Under Contract
$1,089,000
For Sale
2
Beds
2
Baths
1,633
Sq Ft
1230 E Ocean Boulevard #201
Long Beach, CA 90802
Condo - Active Under Contract
$1,049,000
For Sale
2
Beds
2
Baths
1,259
Sq Ft
1400 E Ocean Boulevard #1106
Long Beach, CA 90802
Condo - Active Under Contract
$979,900
For Sale
2
Beds
2
Baths
1,300
Sq Ft
1400 E Ocean Boulevard #1103
Long Beach, CA 90802
Condo - Active Under Contract
$928,000
For Sale
2
Beds
2
Baths
1,593
Sq Ft
850 E Ocean Boulevard #501
Long Beach, CA 90802
Condo - Active Under Contract
$799,900
For Sale
2
Beds
2
Baths
1,313
Sq Ft
525 E Seaside Way #1509
Long Beach, CA 90802
Condo - Active Under Contract
$799,800
For Sale
2
Beds
2
Baths
1,377
Sq Ft
850 E Ocean Boulevard #1103
Long Beach, CA 90802
Condo - Active Under Contract
$799,000
For Sale
1
Beds
1
Baths
1,150
Sq Ft
1310 E Ocean Boulevard #B13
Long Beach, CA 90802
Condo - Active Under Contract
$795,000
For Sale
2
Beds
2
Baths
1,399
Sq Ft
525 E Seaside Way E #1909
Long Beach, CA 90802
Condo - Active Under Contract
$789,998
For Sale
2
Beds
2
Baths
1,231
Sq Ft
1750 E Ocean Boulevard #1109
Long Beach, CA 90802
Condo - Active Under Contract
$760,000
For Sale
2
Beds
2
Baths
1,400
Sq Ft
850 E Ocean Boulevard #204
Long Beach, CA 90802
Condo - Active Under Contract
$759,000
For Sale
2
Beds
2
Baths
1,410
Sq Ft
411 W Seaside Way #703
Long Beach, CA 90802
Condo - Active Under Contract
$749,500
For Sale
2
Beds
1
Baths
1,018
Sq Ft
1174 E Ocean Boulevard #18
Long Beach, CA 90802
Condo - Active Under Contract
$749,500
For Sale
3
Beds
2
Baths
1,310
Sq Ft
25 15th Place #703
Long Beach, CA 90802
Condo - Active Under Contract
$725,000
For Sale
2
Beds
2
Baths
1,330
Sq Ft
411 W Seaside Way #2004
Long Beach, CA 90802
Condo - Active Under Contract
$709,000
For Sale
2
Beds
2
Baths
1,214
Sq Ft
14 5th Place
Long Beach, CA 90802
Condo - Active Under Contract

Condos for Sale in 90802

$1,499,500
For Sale
3
Beds
3
Baths
2,070
Sq Ft
488 E Ocean Boulevard #P16
Long Beach, CA 90802
Condo - Active
$1,495,000
For Sale
3
Beds
3
Baths
2,380
Sq Ft
1230 E Ocean Boulevard #502
Long Beach, CA 90802
Condo - Active
$1,399,000
For Sale
3
Beds
2
Baths
1,760
Sq Ft
400 W Ocean Boulevard #2903
Long Beach, CA 90802
Condo - Active Under Contract
$1,395,000
For Sale
2
Beds
2
Baths
1,550
Sq Ft
1310 E Ocean Boulevard #602
Long Beach, CA 90802
Condo - Active
$1,390,000
For Sale
2
Beds
2
Baths
2,310
Sq Ft
488 E Ocean Boulevard #P14
Long Beach, CA 90802
Condo - Active
$1,385,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #307
Long Beach, CA 90802
Condo - Active
$1,300,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #407
Long Beach, CA 90802
Condo - Active Under Contract
$1,300,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #201
Long Beach, CA 90802
Condo - Active
$1,299,500
For Sale
3
Beds
2
Baths
1,510
Sq Ft
1000 E Ocean Boulevard #402
Long Beach, CA 90802
Condo - Active
$1,250,000
For Sale
2
Beds
2
Baths
1,587
Sq Ft
850 E Ocean #1604
Long Beach, CA 90802
Condo - Active
$1,249,000
For Sale
717 E 1st Street E S
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - a week online
$1,200,000
For Sale
3
Beds
3
Baths
1,760
Sq Ft
400 W Ocean Boulevard #2803
Long Beach, CA 90802
Condo - Active Under Contract
$1,200,000
For Sale
419 Cedar Avenue
Long Beach, CA 90802
Condo - Active
New Listing - 4 days online
$1,199,800
For Sale
2
Beds
2
Baths
1,259
Sq Ft
1400 E Ocean Boulevard #1205
Long Beach, CA 90802
Condo - Active
$1,199,000
For Sale
3
Beds
2
Baths
1,510
Sq Ft
1000 E Ocean Boulevard #405
Long Beach, CA 90802
Condo - Active Under Contract
$1,099,000
For Sale
3
Beds
2
Baths
1,556
Sq Ft
1400 E Ocean Boulevard #2307
Long Beach, CA 90802
Condo - Active
$1,089,000
For Sale
2
Beds
2
Baths
1,633
Sq Ft
1230 E Ocean Boulevard #201
Long Beach, CA 90802
Condo - Active Under Contract
$1,049,000
For Sale
2
Beds
2
Baths
1,259
Sq Ft
1400 E Ocean Boulevard #1106
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 6 days online
$999,000
For Sale
2
Beds
2
Baths
1,540
Sq Ft
1310 E Ocean Boulevard #1706
Long Beach, CA 90802
Condo - Active
$990,000
For Sale
2
Beds
2
Baths
1,377
Sq Ft
850 E Ocean Boulevard E #1403
Long Beach, CA 90802
Condo - Active

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