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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. 3 beds, 3 full baths
    Home size: 2,120 sq ft
    Lot size: 2,339 sqft
    Year built: 1990
    Parking spots: 2
  2. 5 beds, 2 full, 1 three-quarter baths
    Home size: 2,821 sq ft
    Lot size: 3,518 sqft
    Year built: 1960
    Parking spots: 2
  3. 2 beds, 2 full baths
    Home size: 1,026 sq ft
    Lot size: 19,502 sqft
    Year built: 1986
    Parking spots: 2
  4. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,834 sq ft
    Lot size: 5,005 sqft
    Year built: 1941
    Parking spots: 2
  5. 4 beds, 3 full, 1 three-quarter, 1 half baths
    Home size: 5,371 sq ft
    Lot size: 4,015 sqft
    Year built: 2004
    Parking spots: 4
  6. 3 beds, 2 full, 2 three-quarter baths
    Home size: 3,749 sq ft
    Lot size: 6,339 sqft
    Year built: 1931
    Parking spots: 4
  7. 3 beds, 1 full bath
    Home size: 1,188 sq ft
    Lot size: 3,149 sqft
    Year built: 1928
    Parking spots: 1
  8. 2 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 1,981 sq ft
    Lot size: 2,581 sqft
    Year built: 1985
    Parking spots: 2
  9. 1 bed, 1 full bath
    Home size: 926 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 1
  10. 4 beds, 2 full baths
    Home size: 1,968 sq ft
    Lot size: 7,422 sqft
    Year built: 1960
    Parking spots: 2
  11. 2 beds, 2 full baths
    Home size: 1,639 sq ft
    Lot size: 3,581 sqft
    Year built: 1923
    Parking spots: 2
  12. 3 beds, 2 full, 1 half baths
    Home size: 1,965 sq ft
    Lot size: 3,188 sqft
    Year built: 1985
    Parking spots: 2
  13. 4 beds, 4 full, 1 half baths
    Home size: 3,389 sq ft
    Lot size: 3,464 sqft
    Year built: 2008
    Parking spots: 2
  14. 2 beds, 2 full baths
    Home size: 1,008 sq ft
    Lot size: 33,042 sqft
    Year built: 1973
    Parking spots: 1
  15. 3 beds, 2 full, 1 three-quarter baths
    Home size: 3,400 sq ft
    Lot size: 4,038 sqft
    Year built: 1930
    Parking spots: 2
  16. 4 beds, 3 full, 1 half baths
    Home size: 4,054 sq ft
    Lot size: 2,414 sqft
    Year built: 2007
    Parking spots: 2
  17. 1 bed, 1 full bath
    Home size: 762 sq ft
    Lot size: 14,326 sqft
    Year built: 1969
    Parking spots: 1
  18. 3 beds, 3 full baths
    Home size: 2,358 sq ft
    Lot size: 2,343 sqft
    Year built: 1967
    Parking spots: 2
  19. 1 bed, 1 full bath
    Home size: 651 sq ft
    Lot size: 5.56 ac
    Year built: 1979
    Parking spots: 1
  20. 2 beds, 1 full bath
    Home size: 990 sq ft
    Lot size: 3,335 sqft
    Year built: 1941
    Parking spots: 2
  21. 1 bed, 1 full bath
    Home size: 825 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
  22. 2 beds, 2 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
  23. 3 beds, 2 full baths
    Home size: 1,532 sq ft
    Lot size: 2.42 ac
    Year built: 1982
    Parking spots: 2
  24. 2 beds, 1 full, 1 half baths
    Home size: 1,258 sq ft
    Lot size: 2,374 sqft
    Year built: 1947
    Parking spots: 3
  25. 3 beds, 1 full, 1 half baths
    Home size: 1,448 sq ft
    Lot size: 4,257 sqft
    Year built: 1925
    Parking spots: 2

See all Real estate in the 90803 zip code.
(all data current as of 3/27/2017)

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

Homes in Escrow in 90803

  1. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,251 sq ft
    Year built: 1965
    Parking spots: 2
    Days on market: 3
  2. 1 bed, 1 full bath
    Home size: 660 sq ft
    Lot size: 11,420 sqft
    Year built: 1971
    Parking spots: 1
    Days on market: 5
  3. 2 beds, 2 full baths
    Home size: 1,026 sq ft
    Lot size: 19,502 sqft
    Year built: 1986
    Parking spots: 1
    Days on market: 9
  4. 0 beds, 1 full bath
    Home size: 701 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 1
    Days on market: 10
  5. 2 beds, 1 full, 1 three-quarter baths
    Home size: 912 sq ft
    Lot size: 35,003 sqft
    Year built: 1971
    Parking spots: 2
    Days on market: 10
  6. 4 beds, 2 full baths
    Home size: 1,909 sq ft
    Lot size: 4,478 sqft
    Year built: 1920
    Parking spots: 2
    Days on market: 11
  7. 2 beds, 2 full baths
    Home size: 1,109 sq ft
    Lot size: 4,755 sqft
    Year built: 1983
    Parking spots: 2
    Days on market: 11
  8. 2 beds, 1 full bath
    Home size: 936 sq ft
    Lot size: 3,158 sqft
    Year built: 1923
    Days on market: 12
  9. 3 beds, 1 full, 1 three-quarter baths
    Home size: 2,400 sq ft
    Lot size: 6,519 sqft
    Year built: 1919
    Parking spots: 2
    Days on market: 12
  10. 2 beds, 3 full baths
    Home size: 1,862 sq ft
    Lot size: 2,338 sqft
    Year built: 1975
    Parking spots: 2
    Days on market: 13
  11. 3 beds, 3 full, 1 half baths
    Home size: 3,248 sq ft
    Lot size: 3,063 sqft
    Year built: 1978
    Parking spots: 2
    Days on market: 13
  12. 1 bed, 1 full bath
    Home size: 804 sq ft
    Lot size: 15,066 sqft
    Year built: 1964
    Parking spots: 1
    Days on market: 17
  13. 2 beds, 1 full bath
    Home size: 810 sq ft
    Lot size: 14,373 sqft
    Year built: 1972
    Parking spots: 1
    Days on market: 18
  14. 1 bed, 1 full bath
    Home size: 616 sq ft
    Lot size: 13,440 sqft
    Year built: 1970
    Parking spots: 1
    Days on market: 19
  15. 3 beds, 2 full, 1 half baths
    Home size: 2,013 sq ft
    Lot size: 2,175 sqft
    Year built: 1924
    Parking spots: 2
    Days on market: 20
  16. 3 beds, 2 full baths
    Home size: 1,853 sq ft
    Lot size: 2,477 sqft
    Year built: 1974
    Parking spots: 2
    Days on market: 20
  17. 2 beds, 1 full, 1 three-quarter baths
    Home size: 900 sq ft
    Lot size: 8,245 sqft
    Year built: 1988
    Days on market: 20
  18. 3 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 1,534 sq ft
    Lot size: 6,280 sqft
    Year built: 1960
    Parking spots: 2
    Days on market: 20
  19. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,162 sq ft
    Lot size: 2,250 sqft
    Year built: 1924
    Parking spots: 1
    Days on market: 24
  20. 2 beds, 2 full baths
    Home size: 1,200 sq ft
    Lot size: 13,440 sqft
    Year built: 1970
    Parking spots: 1
    Days on market: 24
  21. 3 beds, 2 full baths
    Home size: 1,860 sq ft
    Lot size: 4,604 sqft
    Year built: 1959
    Parking spots: 2
    Days on market: 24
  22. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,311 sq ft
    Lot size: 20,605 sqft
    Year built: 1975
    Parking spots: 2
    Days on market: 24
  23. 3 beds, 1 full bath
    Home size: 1,008 sq ft
    Lot size: 2,457 sqft
    Year built: 1944
    Parking spots: 2
    Days on market: 24
  24. 3 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 1,534 sq ft
    Lot size: 6,317 sqft
    Year built: 1960
    Parking spots: 2
    Days on market: 25
  25. 3 beds, 2 full, 1 half baths
    Home size: 1,936 sq ft
    Lot size: 1,989 sqft
    Year built: 2003
    Parking spots: 2
    Days on market: 25

See all Real estate in the 90803 zip code.
(all data current as of 3/27/2017)

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

Homes for Sale in 90803

  1. 4 beds, 3 full baths
    Home size: 1,811 sq ft
    Lot size: 2,392 sqft
    Year built: 1973
    Parking spots: 2
    Days on market: 3
  2. 3 beds, 3 full baths
    Home size: 3,290 sq ft
    Lot size: 2,499 sqft
    Year built: 1983
    Parking spots: 5
    Days on market: 3
  3. 3 beds, 2 full baths
    Home size: 1,400 sq ft
    Lot size: 3,060 sqft
    Year built: 1941
    Parking spots: 2
    Days on market: 3
  4. 5 beds, 5 full, 2 half baths
    Home size: 6,034 sq ft
    Lot size: 8,254 sqft
    Year built: 1921
    Parking spots: 4
    Days on market: 4
  5. 3 beds, 2 full, 1 half baths
    Home size: 2,842 sq ft
    Lot size: 6,351 sqft
    Year built: 1954
    Parking spots: 3
    Days on market: 4
  6. 4 beds, 2 full, 1 half baths
    Home size: 2,835 sq ft
    Lot size: 7,200 sqft
    Year built: 1937
    Parking spots: 2
    Days on market: 5
  7. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,250 sq ft
    Lot size: 3,050 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 5
  8. 1 bed, 1 full, 1 half baths
    Home size: 980 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
    Days on market: 6
  9. 3 beds, 3 full baths
    Home size: 1,857 sq ft
    Lot size: 2,154 sqft
    Year built: 1983
    Parking spots: 2
    Days on market: 6
  10. 3 beds, 1 full, 1 three-quarter, 1 half baths
    Home size: 1,611 sq ft
    Lot size: 4,579 sqft
    Year built: 1975
    Parking spots: 2
    Days on market: 7
  11. 3 beds, 2 full, 1 half baths
    Home size: 2,090 sq ft
    Lot size: 2,534 sqft
    Year built: 1987
    Parking spots: 2
    Days on market: 7
  12. 2 beds, 1 full bath
    Home size: 718 sq ft
    Year built: 1962
    Parking spots: 1
    Days on market: 9
  13. 4 beds, 5 full, 1 half baths
    Home size: 3,950 sq ft
    Lot size: 2,395 sqft
    Year built: 2017
    Parking spots: 3
    Days on market: 10
  14. 2 beds, 1 full bath
    Home size: 1,133 sq ft
    Lot size: 5,000 sqft
    Year built: 1918
    Parking spots: 1
    Days on market: 10
  15. 4 beds, 3 full baths
    Home size: 2,617 sq ft
    Lot size: 3,021 sqft
    Year built: 1946
    Parking spots: 2
    Days on market: 12
  16. 1 bed, 1 full bath
    Home size: 926 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 1
    Days on market: 13
  17. 4 beds, 1 full, 1 three-quarter, 1 quarter baths
    Home size: 2,542 sq ft
    Lot size: 3,919 sqft
    Year built: 1928
    Parking spots: 2
    Days on market: 13
  18. 4 beds, 2 full baths
    Home size: 1,830 sq ft
    Lot size: 4,050 sqft
    Year built: 1915
    Parking spots: 1
    Days on market: 14
  19. 3 beds, 3 full baths
    Home size: 1,974 sq ft
    Lot size: 2,021 sqft
    Year built: 1987
    Parking spots: 2
    Days on market: 15
  20. 3 beds, 2 full, 1 half baths
    Home size: 3,448 sq ft
    Lot size: 6,350 sqft
    Year built: 1989
    Parking spots: 4
    Days on market: 16
  21. 2 beds, 2 full, 1 half baths
    Home size: 1,400 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 2
    Days on market: 16
  22. 3 beds, 3 full baths
    Home size: 1,728 sq ft
    Lot size: 2,451 sqft
    Year built: 1987
    Parking spots: 2
    Days on market: 17
  23. 5 beds, 1 full, 4 three-quarter, 1 half baths
    Home size: 3,641 sq ft
    Lot size: 5,521 sqft
    Year built: 1919
    Parking spots: 2
    Days on market: 18
  24. 3 beds, 3 full baths
    Home size: 1,710 sq ft
    Lot size: 2,812 sqft
    Year built: 1947
    Parking spots: 2
    Days on market: 19
  25. 0 beds, 1 full bath
    Home size: 701 sq ft
    Lot size: 22.47 ac
    Year built: 1974
    Parking spots: 1
    Days on market: 19

See all Real estate in the 90803 zip code.
(all data current as of 3/27/2017)

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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