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: 1,041 sq ft
    Lot size: 2,613 sqft
    Year built: 1928
  2. 4 beds, 2 baths
    Home size: 1,496 sq ft
    Lot size: 2,178 sqft
    Year built: 1957
  3. 3 beds, 2 baths
    Home size: 1,857 sq ft
    Lot size: 3,049 sqft
    Year built: 1926
  4. 2 beds, 2 baths
    Home size: 1,107 sq ft
    Lot size: 14,810 sqft
    Year built: 1973
  5. 4 beds, 4 baths
    Home size: 2,364 sq ft
    Lot size: 6,098 sqft
    Year built: 1922
  6. 2 beds, 3 baths
    Home size: 1,299 sq ft
    Lot size: 22.47 ac
    Year built: 1974
  7. 2 beds, 1 bath
    Home size: 784 sq ft
    Lot size: 2,613 sqft
    Year built: 1950
  8. 2 beds, 2 baths
    Home size: 946 sq ft
    Lot size: 6,098 sqft
    Year built: 1956
  9. 1 bed, 1 bath
    Home size: 714 sq ft
    Lot size: 7,840 sqft
    Year built: 1962
  10. 3 beds, 3 baths
    Home size: 1,736 sq ft
    Lot size: 2,178 sqft
    Year built: 1973
  11. 2 beds, 1 bath
    Home size: 908 sq ft
    Lot size: 2,178 sqft
    Year built: 1939
  12. 2 beds, 3 baths
    Home size: 1,847 sq ft
    Lot size: 2,178 sqft
    Year built: 1983
  13. 3 beds, 4 baths
    Home size: 3,318 sq ft
    Lot size: 3,049 sqft
    Year built: 2006
  14. 2 beds, 2 baths
    Home size: 1,076 sq ft
    Lot size: 7,840 sqft
    Year built: 1962
  15. 1 bed, 1 bath
    Home size: 875 sq ft
    Lot size: 22.47 ac
    Year built: 1974
  16. 1 bed, 1 bath
    Home size: 611 sq ft
    Lot size: 10,018 sqft
    Year built: 1968
  17. 3 beds, 3 baths
    Home size: 1,728 sq ft
    Lot size: 1,742 sqft
    Year built: 1990
  18. 3 beds, 2 baths
    Home size: 1,671 sq ft
    Lot size: 2,178 sqft
    Year built: 1927
  19. 3 beds, 3 baths
    Home size: 1,748 sq ft
    Lot size: 2.41 ac
    Year built: 1982
  20. 2 beds, 1 bath
    Home size: 986 sq ft
    Lot size: 13,068 sqft
    Year built: 1959
  21. 2 beds, 1 bath
    Home size: 728 sq ft
    Lot size: 3,049 sqft
    Year built: 1937
  22. 2 beds, 2 baths
    Home size: 1,082 sq ft
    Lot size: 2,178 sqft
    Year built: 1946
  23. 1 bed, 1 bath
    Home size: 926 sq ft
    Lot size: 20.50 ac
    Year built: 1974
  24. 3 beds, 3 baths
    Home size: 2,700 sq ft
    Lot size: 3,484 sqft
    Year built: 1981
  25. 3 beds, 3 baths
    Home size: 1,926 sq ft
    Lot size: 2,373 sqft
    Year built: 1925

See all Real estate in the 90803 zip code.
(all data current as of 7/22/2017)

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

Homes in Escrow in 90803

  1. 2 beds, 2 baths
    Home size: 1,156 sq ft
    Lot size: 13,068 sqft
    Year built: 1970
    Days on market: 10
  2. 1 bed, 1 bath
    Home size: 633 sq ft
    Lot size: 11,325 sqft
    Year built: 1971
    Days on market: 17
  3. 1 bed, 1 bath
    Home size: 865 sq ft
    Lot size: 29,620 sqft
    Year built: 1975
    Days on market: 22
  4. 4 beds, 2 baths
    Home size: 2,054 sq ft
    Lot size: 7,405 sqft
    Year built: 1911
    Days on market: 22
  5. 2 beds, 2 baths
    Home size: 958 sq ft
    Lot size: 2,178 sqft
    Year built: 1924
    Days on market: 23
  6. 1 bed, 1 bath
    Home size: 714 sq ft
    Lot size: 10,890 sqft
    Year built: 1970
    Days on market: 23
  7. 2 beds, 2 baths
    Home size: 1,158 sq ft
    Lot size: 13,068 sqft
    Year built: 1970
    Days on market: 24
  8. 1 bed, 1 bath
    Home size: 564 sq ft
    Lot size: 3,049 sqft
    Year built: 1929
    Days on market: 26
  9. 3 beds, 2 baths
    Home size: 1,729 sq ft
    Lot size: 2,178 sqft
    Year built: 1973
    Days on market: 29
  10. 2 beds, 2 baths
    Home size: 1,190 sq ft
    Lot size: 29,620 sqft
    Year built: 1975
    Days on market: 32
  11. 4 beds, 3 baths
    Home size: 1,856 sq ft
    Lot size: 2,178 sqft
    Year built: 1938
    Days on market: 36
  12. 2 beds, 1 bath
    Home size: 1,040 sq ft
    Lot size: 2,178 sqft
    Year built: 1925
    Days on market: 37
  13. 3 beds, 2 baths
    Home size: 1,258 sq ft
    Lot size: 3,049 sqft
    Year built: 1926
    Days on market: 39
  14. 2 beds, 2 baths
    Home size: 1,192 sq ft
    Lot size: 7,840 sqft
    Year built: 1959
    Days on market: 40
  15. 2 beds, 3 baths
    Home size: 1,898 sq ft
    Lot size: 1,742 sqft
    Year built: 1987
    Days on market: 40
  16. 3 beds, 3 baths
    Home size: 2,272 sq ft
    Lot size: 2,178 sqft
    Year built: 1946
    Days on market: 43
  17. 2 beds, 2 baths
    Home size: 1,301 sq ft
    Lot size: 2,613 sqft
    Year built: 1926
    Days on market: 44
  18. 3 beds, 2 baths
    Home size: 1,276 sq ft
    Lot size: 3,484 sqft
    Year built: 1926
    Days on market: 46
  19. 1 bed, 1 bath
    Home size: 719 sq ft
    Lot size: 6,098 sqft
    Year built: 1971
    Days on market: 47
  20. 1 bed, 1 bath
    Home size: 875 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 47
  21. 4 beds, 4 baths
    Home size: 3,665 sq ft
    Lot size: 3,484 sqft
    Year built: 1995
    Days on market: 47
  22. 1 bed, 1 bath
    Home size: 873 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 50
  23. 2 beds, 2 baths
    Home size: 1,107 sq ft
    Lot size: 32,670 sqft
    Year built: 1973
    Days on market: 51
  24. 1 bed, 1 bath
    Home size: 904 sq ft
    Lot size: 5,227 sqft
    Year built: 1955
    Days on market: 51
  25. 2 beds, 2 baths
    Home size: 816 sq ft
    Lot size: 11,325 sqft
    Year built: 1971
    Days on market: 57

See all Real estate in the 90803 zip code.
(all data current as of 7/22/2017)

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

Homes for Sale in 90803

  1. 1 bed, 1 bath
    Home size: 737 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 1
  2. 3 beds, 2 baths
    Home size: 1,842 sq ft
    Lot size: 2,613 sqft
    Year built: 1950
    Days on market: 1
  3. 3 beds, 2 baths
    Home size: 1,201 sq ft
    Lot size: 3,049 sqft
    Year built: 1947
    Days on market: 2
  4. 3 beds, 3 baths
    Home size: 1,897 sq ft
    Lot size: 1,742 sqft
    Year built: 2004
    Days on market: 2
  5. 3 beds, 1 bath
    Home size: 1,565 sq ft
    Lot size: 3,484 sqft
    Year built: 1941
    Days on market: 3
  6. 1 bed, 1 bath
    Home size: 873 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 3
  7. 3 beds, 2 baths
    Home size: 2,016 sq ft
    Lot size: 6,098 sqft
    Year built: 1922
    Days on market: 5
  8. 3 beds, 2 baths
    Home size: 2,414 sq ft
    Lot size: 2,178 sqft
    Year built: 1946
    Days on market: 7
  9. 4 beds, 4 baths
    Home size: 2,268 sq ft
    Lot size: 5,662 sqft
    Year built: 1918
    Days on market: 7
  10. 4 beds, 4 baths
    Home size: 3,293 sq ft
    Lot size: 2,613 sqft
    Year built: 2006
    Days on market: 8
  11. 4 beds, 3 baths
    Home size: 2,077 sq ft
    Lot size: 2,178 sqft
    Year built: 1924
    Days on market: 8
  12. 1 bed, 2 baths
    Home size: 980 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Days on market: 9
  13. 3 beds, 3 baths
    Home size: 1,534 sq ft
    Lot size: 6,098 sqft
    Year built: 1960
    Days on market: 9
  14. 3 beds, 2 baths
    Home size: 1,319 sq ft
    Lot size: 3,049 sqft
    Year built: 1941
    Days on market: 10
  15. 2 beds, 1 bath
    Home size: 894 sq ft
    Lot size: 3,049 sqft
    Year built: 1922
    Days on market: 10
  16. 2 beds, 2 baths
    Home size: 1,102 sq ft
    Lot size: 8,712 sqft
    Year built: 1958
    Days on market: 11
  17. 2 beds, 2 baths
    Home size: 954 sq ft
    Lot size: 10,018 sqft
    Year built: 1968
    Days on market: 12
  18. 3 beds, 2 baths
    Home size: 1,506 sq ft
    Lot size: 3,049 sqft
    Year built: 2016
    Days on market: 12
  19. 3 beds, 3 baths
    Home size: 1,806 sq ft
    Lot size: 2,178 sqft
    Year built: 1914
    Days on market: 14
  20. 4 beds, 3 baths
    Home size: 2,800 sq ft
    Lot size: 6,534 sqft
    Year built: 1920
    Days on market: 16
  21. 5 beds, 4 baths
    Home size: 2,929 sq ft
    Lot size: 3,484 sqft
    Year built: 1929
    Days on market: 16
  22. 3 beds, 4 baths
    Home size: 2,862 sq ft
    Lot size: 4,356 sqft
    Year built: 1998
    Days on market: 17
  23. 4 beds, 5 baths
    Home size: 4,589 sq ft
    Lot size: 3,920 sqft
    Year built: 1988
    Days on market: 18
  24. 3 beds, 3 baths
    Home size: 2,171 sq ft
    Lot size: 2,613 sqft
    Year built: 1946
    Days on market: 21
  25. 1 bed, 1 bath
    Home size: 873 sq ft
    Year built: 1974
    Days on market: 22

See all Real estate in the 90803 zip code.
(all data current as of 7/22/2017)

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