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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. 1 bed, 1 full bath
    Home size: 561 sq ft
    Lot size: 2,413 sqft
    Year built: 1979
    Parking spots: 3
  2. 3 beds, 2 full baths
    Home size: 1,269 sq ft
    Lot size: 11,146 sqft
    Year built: 1970
    Parking spots: 2
  3. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,298 sq ft
    Lot size: 2,889 sqft
    Year built: 1941
    Parking spots: 1
  4. 3 beds, 3 full baths
    Home size: 1,882 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 4
  5. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,227 sq ft
    Lot size: 2,320 sqft
    Year built: 1973
    Parking spots: 4
  6. 3 beds, 2 full, 1 half baths
    Home size: 1,741 sq ft
    Lot size: 2,400 sqft
    Year built: 1947
    Parking spots: 2
  7. 2 beds, 1 full bath
    Home size: 1,324 sq ft
    Lot size: 6,341 sqft
    Year built: 1922
    Parking spots: 4
  8. 2 beds, 1 full bath
    Home size: 847 sq ft
    Lot size: 8,189 sqft
    Year built: 1948
    Parking spots: 2
  9. 5 beds, 5 full, 1 half baths
    Home size: 3,964 sq ft
    Lot size: 2,607 sqft
    Year built: 1991
    Parking spots: 6
  10. 3 beds, 1 full, 2 three-quarter baths
    Home size: 3,311 sq ft
    Lot size: 2,455 sqft
    Year built: 1956
    Parking spots: 2
  11. 1 bed, 1 full bath
    Home size: 873 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
  12. 4 beds, 2 full, 1 half baths
    Home size: 3,498 sq ft
    Lot size: 2,394 sqft
    Year built: 2002
    Parking spots: 2
  13. 3 beds, 3 full baths
    Home size: 1,746 sq ft
    Year built: 1974
    Parking spots: 4
  14. 6 beds, 6 full, 1 half baths
    Home size: 9,672 sq ft
    Lot size: 9,413 sqft
    Year built: 2009
    Parking spots: 6
  15. 4 beds, 3 full, 1 half baths
    Home size: 2,223 sq ft
    Lot size: 7,160 sqft
    Year built: 1921
    Parking spots: 6
  16. 2 beds, 2 full baths
    Home size: 1,537 sq ft
    Lot size: 7,501 sqft
    Year built: 1919
    Parking spots: 2
  17. 1 bed, 1 full bath
    Home size: 878 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
  18. 6 beds, 6 full, 1 half baths
    Home size: 6,006 sq ft
    Lot size: 13,491 sqft
    Year built: 1982
    Parking spots: 8
  19. 2 beds, 2 full baths
    Home size: 1,146 sq ft
    Lot size: 13,470 sqft
    Year built: 1959
    Parking spots: 3
  20. 1 bed, 1 full bath
    Home size: 664 sq ft
    Lot size: 6,723 sqft
    Year built: 1968
    Parking spots: 2
  21. 3 beds, 2 full, 1 half baths
    Home size: 2,120 sq ft
    Lot size: 2,256 sqft
    Year built: 1989
    Parking spots: 4
  22. 3 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 2,484 sq ft
    Lot size: 2,369 sqft
    Year built: 1961
    Parking spots: 5
  23. 3 beds, 1 full, 2 three-quarter baths
    Home size: 1,665 sq ft
    Lot size: 2,983 sqft
    Year built: 1986
    Parking spots: 4
  24. 3 beds, 3 full baths
    Home size: 2,837 sq ft
    Lot size: 2,680 sqft
    Year built: 2011
    Parking spots: 4
  25. 3 beds, 2 full, 2 three-quarter baths
    Home size: 2,256 sq ft
    Lot size: 4,250 sqft
    Year built: 1922
    Parking spots: 2

See all Real estate in the 90803 zip code.
(all data current as of 4/27/2017)

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

Homes in Escrow in 90803

  1. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,250 sq ft
    Lot size: 3,050 sqft
    Year built: 1926
    Parking spots: 4
    Days on market: 7
  2. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,068 sq ft
    Lot size: 12,952 sqft
    Year built: 1969
    Parking spots: 2
    Days on market: 7
  3. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,915 sq ft
    Lot size: 3,600 sqft
    Year built: 1926
    Parking spots: 4
    Days on market: 10
  4. 2 beds, 2 full, 1 three-quarter, 1 half baths
    Home size: 1,846 sq ft
    Lot size: 6,312 sqft
    Year built: 1922
    Parking spots: 3
    Days on market: 10
  5. 3 beds, 2 full, 1 half baths
    Home size: 1,748 sq ft
    Lot size: 2.42 ac
    Year built: 1982
    Parking spots: 4
    Days on market: 14
  6. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,053 sq ft
    Lot size: 4,061 sqft
    Year built: 1925
    Parking spots: 5
    Days on market: 14
  7. 3 beds, 1 full, 2 three-quarter baths
    Home size: 3,188 sq ft
    Lot size: 2,572 sqft
    Year built: 2008
    Parking spots: 6
    Days on market: 16
  8. 3 beds, 2 full, 1 half baths
    Home size: 2,036 sq ft
    Lot size: 3.54 ac
    Year built: 1982
    Parking spots: 2
    Days on market: 17
  9. 4 beds, 2 full baths
    Home size: 1,880 sq ft
    Lot size: 4,698 sqft
    Year built: 1923
    Parking spots: 4
    Days on market: 17
  10. 4 beds, 3 full baths
    Home size: 3,293 sq ft
    Lot size: 5,696 sqft
    Year built: 1944
    Parking spots: 6
    Days on market: 17
  11. 3 beds, 3 full baths
    Home size: 1,728 sq ft
    Lot size: 2,287 sqft
    Year built: 1989
    Parking spots: 4
    Days on market: 18
  12. 2 beds, 2 full baths
    Home size: 1,474 sq ft
    Lot size: 24,801 sqft
    Year built: 1976
    Parking spots: 2
    Days on market: 19
  13. 0 beds, 1 full bath
    Home size: 787 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
    Days on market: 20
  14. 2 beds, 2 full baths
    Home size: 1,176 sq ft
    Lot size: 2,610 sqft
    Year built: 1926
    Parking spots: 1
    Days on market: 21
  15. 3 beds, 2 full, 1 three-quarter baths
    Home size: 1,728 sq ft
    Lot size: 2,474 sqft
    Year built: 1984
    Parking spots: 4
    Days on market: 21
  16. 1 bed, 1 full bath
    Home size: 874 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
    Days on market: 21
  17. 3 beds, 2 full baths
    Home size: 1,729 sq ft
    Lot size: 2,321 sqft
    Year built: 1973
    Parking spots: 2
    Days on market: 23
  18. 2 beds, 2 full baths
    Home size: 1,375 sq ft
    Lot size: 13,704 sqft
    Year built: 1965
    Parking spots: 4
    Days on market: 23
  19. 4 beds, 2 full, 1 three-quarter baths
    Home size: 2,338 sq ft
    Lot size: 3,063 sqft
    Year built: 1928
    Parking spots: 7
    Days on market: 24
  20. 3 beds, 4 full baths
    Home size: 2,778 sq ft
    Lot size: 3,482 sqft
    Year built: 1986
    Parking spots: 2
    Days on market: 27
  21. 1 bed, 1 full bath
    Home size: 658 sq ft
    Lot size: 6,516 sqft
    Year built: 1958
    Days on market: 27
  22. 1 bed, 1 full, 1 half baths
    Home size: 1,171 sq ft
    Year built: 1974
    Parking spots: 4
    Days on market: 29
  23. 1 bed, 1 full bath
    Home size: 926 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
    Days on market: 30
  24. 4 beds, 3 full baths
    Home size: 1,811 sq ft
    Lot size: 2,392 sqft
    Year built: 1973
    Parking spots: 2
    Days on market: 34
  25. 3 beds, 3 full baths
    Home size: 3,290 sq ft
    Lot size: 2,499 sqft
    Year built: 1983
    Parking spots: 10
    Days on market: 34

See all Real estate in the 90803 zip code.
(all data current as of 4/27/2017)

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

Homes for Sale in 90803

  1. 4 beds, 3 full baths
    Home size: 2,507 sq ft
    Lot size: 5,001 sqft
    Year built: 1925
    Parking spots: 2
    Days on market: 1
  2. 3 beds, 3 full baths
    Home size: 2,595 sq ft
    Lot size: 4,832 sqft
    Year built: 1982
    Parking spots: 4
    Days on market: 1
  3. 2 beds, 2 full baths
    Home size: 1,148 sq ft
    Lot size: 15,011 sqft
    Year built: 1966
    Parking spots: 2
    Days on market: 1
  4. 2 beds, 2 full baths
    Home size: 912 sq ft
    Lot size: 35,003 sqft
    Year built: 1971
    Parking spots: 2
    Days on market: 1
  5. 3 beds, 2 full, 1 half baths
    Home size: 2,504 sq ft
    Lot size: 3,267 sqft
    Year built: 1990
    Parking spots: 6
    Days on market: 6
  6. 3 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 2,480 sq ft
    Lot size: 2,879 sqft
    Year built: 1961
    Parking spots: 4
    Days on market: 6
  7. 2 beds, 2 full baths
    Home size: 1,507 sq ft
    Lot size: 3,507 sqft
    Year built: 1940
    Parking spots: 4
    Days on market: 6
  8. 2 beds, 1 full bath
    Home size: 944 sq ft
    Lot size: 8,286 sqft
    Year built: 1978
    Parking spots: 4
    Days on market: 8
  9. 1 bed, 1 full bath
    Home size: 768 sq ft
    Lot size: 13,530 sqft
    Year built: 1970
    Parking spots: 2
    Days on market: 9
  10. 3 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 1,669 sq ft
    Lot size: 2,326 sqft
    Year built: 1973
    Parking spots: 4
    Days on market: 10
  11. 3 beds, 2 full baths
    Home size: 1,319 sq ft
    Lot size: 33,042 sqft
    Year built: 1973
    Parking spots: 2
    Days on market: 10
  12. 3 beds, 2 full, 1 half baths
    Home size: 1,669 sq ft
    Lot size: 2,291 sqft
    Year built: 1973
    Parking spots: 4
    Days on market: 11
  13. 2 beds, 2 full baths
    Home size: 878 sq ft
    Lot size: 11,420 sqft
    Year built: 1971
    Days on market: 13
  14. 1 bed, 1 full bath
    Home size: 734 sq ft
    Lot size: 15,066 sqft
    Year built: 1964
    Parking spots: 2
    Days on market: 13
  15. 3 beds, 2 full, 1 three-quarter baths
    Home size: 2,560 sq ft
    Lot size: 2,539 sqft
    Year built: 1998
    Parking spots: 4
    Days on market: 14
  16. 3 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 2,203 sq ft
    Lot size: 6,433 sqft
    Year built: 1961
    Parking spots: 4
    Days on market: 16
  17. 3 beds, 2 full, 1 half baths
    Home size: 2,901 sq ft
    Lot size: 3,526 sqft
    Year built: 1998
    Parking spots: 6
    Days on market: 16
  18. 3 beds, 3 full baths
    Home size: 2,686 sq ft
    Lot size: 3,700 sqft
    Year built: 1982
    Parking spots: 8
    Days on market: 16
  19. 1 bed, 2 full baths
    Home size: 980 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 17
  20. 3 beds, 3 full baths
    Home size: 1,728 sq ft
    Lot size: 2,016 sqft
    Year built: 1986
    Parking spots: 4
    Days on market: 18
  21. 4 beds, 2 full, 2 three-quarter, 1 half baths
    Home size: 3,990 sq ft
    Lot size: 2,495 sqft
    Year built: 2009
    Parking spots: 4
    Days on market: 20
  22. 3 beds, 3 full baths
    Home size: 2,036 sq ft
    Lot size: 3.54 ac
    Year built: 1982
    Parking spots: 4
    Days on market: 20
  23. 3 beds, 2 full, 1 half baths
    Home size: 2,369 sq ft
    Lot size: 3,706 sqft
    Year built: 1987
    Parking spots: 6
    Days on market: 21
  24. 3 beds, 2 full, 1 half baths
    Home size: 2,265 sq ft
    Lot size: 3,574 sqft
    Year built: 1990
    Parking spots: 4
    Days on market: 21
  25. 2 beds, 2 full baths
    Home size: 1,448 sq ft
    Lot size: 2,199 sqft
    Year built: 1928
    Parking spots: 4
    Days on market: 21

See all Real estate in the 90803 zip code.
(all data current as of 4/27/2017)

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!

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About the Author

shannonjones

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Shannon Jones has been helping home buyers and sellers in and around Long Beach since 1998.

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