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90802 Real Estate Market Update

shannonjones City of Long Beach , Downtown Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

Mid-Year 2015 Real Estate Review for 90802

 

Since the beginning of the year, average home sales prices in the 90802 area of Long Beach have slowly been on the rise, but the past couple months reversed that trend. Sales prices are averaging $273,000 in June 2015, which is down $59,000 from May and $80,000 from April 2015.

 

The monthly supply of inventory in June was up slightly from May, and is now at the same amount as in April of this year.

 

The number of closed sales is also on the rise. In June 2015, there were 6 closed sales, which is up from 5 in May and 3 in April. This, however, is still lower than June of last year, which had 8 closed sales.

 

The average percentage of original listing price to sales price has had quite a big jump. After the lowest numbers of 2015 recorded in May (at 89.6%), the average percentage is now back up to 96%.

Condo Sales Activity

Much of the downtown Long Beach housing  inventory consists of condominiums and the condo market has been very active so far in 2015 with sales steadily increasing and prices slowly trending up.

 

 

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Homes Under Contract in 90802

New Listing - 2 weeks online
$1,500,000
For Sale
1115 E Broadway
Long Beach, CA 90802
Alamitos Beach (AB) - Active Under Contract
$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
1209 E 2nd Street
Long Beach, CA 90802
Alamitos Beach (AB) - Active Under Contract
New Listing - 4 weeks online
$999,000
For Sale
2
Beds
2
Baths
1,540
Sq Ft
1310 E Ocean Boulevard #1706
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 3 weeks online
$769,900
For Sale
2
Beds
2
Baths
1,423
Sq Ft
850 E Ocean Boulevard #509
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
$749,500
For Sale
3
Beds
2
Baths
1,310
Sq Ft
25 15th Place #703
Long Beach, CA 90802
Condo - Active Under Contract
$684,000
For Sale
2
Beds
3
Baths
1,528
Sq Ft
1901 E Ocean Boulevard #202
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 4 weeks online
$609,900
For Sale
1
Beds
1
Baths
986
Sq Ft
433 Pine Avenue #407
Long Beach, CA 90802
Condo - Active Under Contract
$599,000
For Sale
1
Beds
1
Baths
907
Sq Ft
433 Pine Avenue #401
Long Beach, CA 90802
Condo - Active Under Contract
$565,000
For Sale
2
Beds
2
Baths
990
Sq Ft
488 E Ocean Boulevard #710
Long Beach, CA 90802
Condo - Active Under Contract
$559,400
For Sale
1
Baths
1,421
Sq Ft
433 Pine Avenue #307
Long Beach, CA 90802
Condo - Active Under Contract
$559,000
For Sale
1
Beds
1
Baths
960
Sq Ft
1310 E Ocean Boulevard #104
Long Beach, CA 90802
Condo - Active Under Contract
$499,900
For Sale
2
Beds
1
Baths
761
Sq Ft
6 7th Place #J
Long Beach, CA 90802
Condo - Active Under Contract
$449,000
For Sale
1
Beds
1
Baths
1,050
Sq Ft
133 The Promenade N #524
Long Beach, CA 90802
Condo - Active Under Contract
$445,000
For Sale
1
Beds
1
Baths
600
Sq Ft
488 E Ocean Boulevard #1102
Long Beach, CA 90802
Condo - Active Under Contract
$435,000
For Sale
2
Beds
2
Baths
1,261
Sq Ft
702 1st E #11
Long Beach, CA 90802
Own Your Own - Active Under Contract
New Listing - 4 weeks online
$420,000
For Sale
2
Beds
2
Baths
1,124
Sq Ft
1187 E 3rd Street #301
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 4 weeks online
$379,900
For Sale
1
Beds
1
Baths
678
Sq Ft
1140 E Ocean Boulevard #302
Long Beach, CA 90802
Condo - Active Under Contract
$369,900
For Sale
1
Baths
992
Sq Ft
433 Pine Avenue #100
Long Beach, CA 90802
Condo - Active Under Contract

90802 Homes for Sale

$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
$1,395,000
For Sale
3
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

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