90802 market update

90802 Market Update

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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

With the exception of a few large fluctuations, home prices in 90802 have remained fairly constant in the past three years. A high peak of $912,000 occurred in August 2014. In February 2016 the median price of homes was $366,500. This is up just slightly from the month prior and up 4.7% from the year prior in February.

Active listings for single family homes for sale in 90802 have fluctuated a lot in the past three years. There were only five active listings in February 2016, but this is actually up 25% from February 2015.

Inventory in 90802 is low, but higher than Long Beach as a whole. Inventory was fairly balanced just a few months ago in January at 3.9 months. However, that number has since decreased. In February 2016 there was a 2.5 month supply of homes available. This reflects a 56.3% increase from the year prior in February.

Condominiums in 90802

The bulk of housing for sale in 90802 consists of condominiums. The median price of condos in 90802 has increased about $100,000 over the past three years. The median price reached a peak of $347,000 in January of this year and then dropped slightly last month. In February 2016, the median price of condos in 90802 was $335,000, which is up 21.6% from February 2015.

The number of active condo listings for sale in 90802 experienced a large surge in September 2014 but has declined significantly since then. In February 2016 there were 90 active listings.

The low number of active condo listings for sale in 90802 combined with relatively high demand translates into low inventory. In February 2016 there was a 2.2 month supply of condos on the market in 90802. A 4-6 month supply of homes is considered balanced between sellers and buyers so the current market strongly favors sellers.

Sellers Market

Inventory is low and demand is high in 90802. If you have been thinking about putting your home on the market in 90802, now is a great time!

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

$2,000,000
For Sale
955 E 4th Street
Long Beach, CA 90802
Commercial/Residential - Active
$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
$1,395,000
For Sale
2
Beds
2
Baths
1,550
Sq Ft
1310 E Ocean Boulevard #602
Long Beach, CA 90802
Condo - Active

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