IMG_7207

90803 Market Update: June 2016

shannonjones Buying a Home , Long Beach , long beach homes , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

June 2016 Real Estate Market Update for the 90803 Area of Long Beach

The 90803 market update includes the neighborhoods of Belmont Shore, Belmont Park, Belmont Heights, Naples, the Peninsula, Bluff Park, Bluff Heights, Spinnaker Bay and Spinnaker Cove, University Park Estate, and Bixby Village

While May brought peak home prices for much of Long Beach, in 90803, the median May 2016 home price of $915,450 was 20.4% lower than it was last May.

The median sale price of single family homes in 90803 has fluctuated greatly in recent years. At $915,450 in May 2016, the median price has actually dropped 20.4% from a year ago in May. Fluctuations in price are not unusual in 90803 and home prices in the area are still substantially higher than for Long Beach overall. As of May 2016, the median home price in Long Beach was $565,000.

There were 78 active listings in May 2016. Though 90803 has experienced a lot of fluctuation in the number of active listings, the number is up 13% from May 2015 and up slightly from April 2016.

Though inventory in Long Beach is very low, the supply of homes for sale in 90803 is fairly balanced. There was a 4.3 month supply of homes on the market in May 2016, which reflects a 10.3% increase from the year prior in May. Since February 2016, inventory has climbed in 90803.

Condominiums in 90803

Condominium prices in Long Beach have fluctuated a lot in recent years. In May 2016, the median price of condos in Long Beach was $452,450, which is up 5% from the year prior in May.

Active listings have been increasing since March 2016 in 90803. There were 38 active listings in May 2016, which is an 8.6% increase from the year prior in May.

Condominium inventory in Long Beach is lower than the supply of single family homes. In May 2016 there was a 2.9 month supply of condos. Compared to a year ago in May, inventory has not changed. However, in March 2016 there was just a 1.8 month supply, which is extremely low.

Recently Sold Homes in 90803

  1. 2 beds, 2 baths
    Home size: 1,326 sq ft
    Lot size: 13,270 sqft
    Year built: 1967
  2. 2 beds, 2 baths
    Home size: 1,004 sq ft
    Lot size: 32,670 sqft
    Year built: 1973
  3. 3 beds, 3 baths
    Home size: 2,503 sq ft
    Lot size: 3,484 sqft
    Year built: 1989
  4. 1 bed, 1 bath
    Home size: 651 sq ft
    Lot size: 5.56 ac
    Year built: 1979
  5. 2 beds, 3 baths
    Home size: 2,013 sq ft
    Lot size: 7,500 sqft
    Year built: 1919
  6. 1 bed, 2 baths
    Home size: 980 sq ft
    Lot size: 19.50 ac
    Year built: 1974
  7. 3 beds, 3 baths
    Home size: 1,532 sq ft
    Lot size: 3.54 ac
    Year built: 1982
  8. 5 beds, 3 baths
    Home size: 2,136 sq ft
    Lot size: 2,613 sqft
    Year built: 1912
  9. 3 beds, 4 baths
    Home size: 2,692 sq ft
    Lot size: 2,613 sqft
    Year built: 1924
  10. 3 beds, 2 baths
    Home size: 2,026 sq ft
    Lot size: 3,920 sqft
    Year built: 1912
  11. 3 beds, 3 baths
    Home size: 1,769 sq ft
    Lot size: 2.41 ac
    Year built: 1982
  12. 2 beds, 2 baths
    Home size: 961 sq ft
    Lot size: 14,810 sqft
    Year built: 1972
  13. 5 beds, 3 baths
    Home size: 2,450 sq ft
    Lot size: 3,484 sqft
    Year built: 1941
  14. 4 beds, 2 baths
    Home size: 2,060 sq ft
    Lot size: 7,405 sqft
    Year built: 1961
  15. 3 beds, 3 baths
    Home size: 1,968 sq ft
    Lot size: 12,078 sqft
    Year built: 1957
  16. 3 beds, 4 baths
    Home size: 3,232 sq ft
    Lot size: 3,920 sqft
    Year built: 1988
  17. 2 beds, 2 baths
    Home size: 1,536 sq ft
    Lot size: 13,068 sqft
    Year built: 1986
  18. 3 beds, 3 baths
    Home size: 3,208 sq ft
    Year built: 1965
  19. 1 bed, 2 baths
    Home size: 1,159 sq ft
    Lot size: 22.47 ac
    Year built: 1972
  20. 2 beds, 1 bath
    Home size: 979 sq ft
    Lot size: 2,466 sqft
    Year built: 1927
  21. 3 beds, 2 baths
    Home size: 1,720 sq ft
    Lot size: 2,178 sqft
    Year built: 1949
  22. 3 beds, 2 baths
    Home size: 1,227 sq ft
    Lot size: 2,178 sqft
    Year built: 1973
  23. 2 beds, 2 baths
    Home size: 1,176 sq ft
    Lot size: 6,534 sqft
    Year built: 1971
  24. 3 beds, 2 baths
    Home size: 1,099 sq ft
    Lot size: 3,049 sqft
    Year built: 1924
  25. 3 beds, 2 baths
    Home size: 2,014 sq ft
    Lot size: 4,791 sqft
    Year built: 1936

See all Real estate in the 90803 zip code.
(all data current as of 10/17/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Homes in Escrow in 90803

  1. 3 beds, 3 baths
    Home size: 2,120 sq ft
    Lot size: 2,498 sqft
    Year built: 1989
    Days on market: 5
  2. 2 beds, 2 baths
    Home size: 1,400 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 9
  3. 3 beds, 2 baths
    Home size: 1,688 sq ft
    Lot size: 6,423 sqft
    Year built: 1961
    Days on market: 11
  4. 1 bed, 1 bath
    Home size: 651 sq ft
    Lot size: 5.56 ac
    Year built: 1979
    Days on market: 13
  5. 2 beds, 2 baths
    Home size: 1,174 sq ft
    Lot size: 2,617 sqft
    Year built: 1926
    Days on market: 14
  6. 3 beds, 3 baths
    Home size: 2,268 sq ft
    Lot size: 4,999 sqft
    Year built: 1919
    Days on market: 22
  7. 2 beds, 2 baths
    Home size: 1,156 sq ft
    Lot size: 13,440 sqft
    Year built: 1970
    Days on market: 23
  8. 1 bed, 1 bath
    Home size: 780 sq ft
    Lot size: 6,714 sqft
    Year built: 1971
    Days on market: 25
  9. 3 beds, 4 baths
    Home size: 2,149 sq ft
    Lot size: 13,068 sqft
    Year built: 1986
    Days on market: 27
  10. 1 bed, 1 bath
    Home size: 737 sq ft
    Year built: 1974
    Days on market: 29
  11. 7 beds, 4 baths
    Home size: 4,108 sq ft
    Lot size: 6,513 sqft
    Year built: 1990
    Days on market: 33
  12. 3 beds, 3 baths
    Home size: 1,974 sq ft
    Lot size: 1,936 sqft
    Year built: 1987
    Days on market: 34
  13. 4 beds, 3 baths
    Home size: 2,060 sq ft
    Lot size: 6,386 sqft
    Year built: 1960
    Days on market: 35
  14. 1 bed, 1 bath
    Home size: 873 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 39
  15. 3 beds, 2 baths
    Home size: 1,476 sq ft
    Lot size: 3,150 sqft
    Year built: 1927
    Days on market: 40
  16. 1 bed, 1 bath
    Home size: 651 sq ft
    Year built: 1979
    Days on market: 40
  17. 2 beds, 2 baths
    Home size: 1,109 sq ft
    Lot size: 14,810 sqft
    Year built: 1966
    Days on market: 42
  18. 1 bed, 1 bath
    Home size: 873 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 45
  19. 3 beds, 1 bath
    Home size: 2,660 sq ft
    Lot size: 4,990 sqft
    Year built: 1913
    Days on market: 53
  20. 3 beds, 2 baths
    Home size: 1,474 sq ft
    Lot size: 6,499 sqft
    Year built: 1919
    Days on market: 60
  21. 3 beds, 2 baths
    Home size: 1,528 sq ft
    Lot size: 3,715 sqft
    Year built: 1961
    Days on market: 62
  22. 4 beds, 3 baths
    Home size: 2,773 sq ft
    Lot size: 6,437 sqft
    Year built: 1960
    Days on market: 62
  23. 2 beds, 2 baths
    Home size: 1,539 sq ft
    Lot size: 2,178 sqft
    Year built: 1954
    Days on market: 66
  24. 3 beds, 3 baths
    Home size: 1,748 sq ft
    Year built: 1983
    Days on market: 69
  25. 1 bed, 1 bath
    Home size: 873 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 70

See all Real estate in the 90803 zip code.
(all data current as of 10/17/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Homes for Sale in 90803

  1. 3 beds, 3 baths
    Home size: 2,700 sq ft
    Lot size: 2,301 sqft
    Year built: 1925
    Days on market: 1
  2. 4 beds, 4 baths
    Home size: 2,761 sq ft
    Lot size: 4,241 sqft
    Year built: 1982
    Days on market: 1
  3. 2 beds, 1 bath
    Home size: 1,016 sq ft
    Lot size: 2,413 sqft
    Year built: 1927
    Days on market: 5
  4. 1 bed, 2 baths
    Home size: 980 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 5
  5. 2 beds, 2 baths
    Home size: 1,008 sq ft
    Lot size: 33,042 sqft
    Year built: 1973
    Days on market: 6
  6. 3 beds, 2 baths
    Home size: 1,714 sq ft
    Lot size: 3,594 sqft
    Year built: 1961
    Days on market: 9
  7. 3 beds, 3 baths
    Home size: 2,120 sq ft
    Lot size: 2,218 sqft
    Year built: 1990
    Days on market: 11
  8. 2 beds, 2 baths
    Home size: 1,288 sq ft
    Lot size: 2,461 sqft
    Year built: 1983
    Days on market: 12
  9. 0 beds, 1 bath
    Home size: 701 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 12
  10. 3 beds, 3 baths
    Home size: 2,090 sq ft
    Lot size: 3,478 sqft
    Year built: 1986
    Days on market: 14
  11. 4 beds, 3 baths
    Home size: 2,377 sq ft
    Lot size: 3,166 sqft
    Year built: 1985
    Days on market: 15
  12. 4 beds, 3 baths
    Home size: 3,296 sq ft
    Lot size: 7,505 sqft
    Year built: 1917
    Days on market: 15
  13. 3 beds, 3 baths
    Home size: 2,220 sq ft
    Lot size: 2,404 sqft
    Year built: 1965
    Days on market: 20
  14. 6 beds, 4 baths
    Home size: 3,609 sq ft
    Lot size: 3,782 sqft
    Year built: 1923
    Days on market: 22
  15. 3 beds, 3 baths
    Home size: 1,964 sq ft
    Lot size: 2,376 sqft
    Year built: 1965
    Days on market: 26
  16. 3 beds, 3 baths
    Home size: 1,815 sq ft
    Lot size: 3,576 sqft
    Year built: 1948
    Days on market: 28
  17. 2 beds, 2 baths
    Home size: 1,434 sq ft
    Lot size: 22,472.00 ac
    Year built: 1974
    Days on market: 28
  18. 5 beds, 4 baths
    Home size: 2,396 sq ft
    Lot size: 2,387 sqft
    Year built: 1925
    Days on market: 28
  19. 3 beds, 3 baths
    Home size: 2,094 sq ft
    Lot size: 2,178 sqft
    Year built: 2008
    Days on market: 29
  20. 3 beds, 3 baths
    Home size: 1,728 sq ft
    Lot size: 1,935 sqft
    Year built: 1989
    Days on market: 31
  21. 3 beds, 3 baths
    Home size: 2,110 sq ft
    Lot size: 2,420 sqft
    Year built: 1996
    Days on market: 32
  22. 3 beds, 2 baths
    Home size: 1,483 sq ft
    Lot size: 3,923 sqft
    Year built: 1926
    Days on market: 32
  23. 4 beds, 2 baths
    Home size: 1,696 sq ft
    Lot size: 3,152 sqft
    Year built: 1927
    Days on market: 32
  24. 2 beds, 1 bath
    Home size: 894 sq ft
    Lot size: 3,152 sqft
    Year built: 1922
    Days on market: 32
  25. 1 bed, 1 bath
    Home size: 675 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 33

See all Real estate in the 90803 zip code.
(all data current as of 10/17/2017)

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Bottom Line

The real estate market in 90803 is hot right now! Whether you’re looking to buy or sell, now is a great time. If you’re thinking about putting your condo on the market, now is an especially good time as inventory is fairly low. If you’re thinking about buying or selling, give us a call or fill out the form below and we’d be happy to help!

Get More Information

 

About the Author