90803 september

90803 Market Update: September 2016

shannonjones Belmont Heights , Belmont Shore , Long Beach , Long Beach Real Estate , Naples Island , Real Estate , Real Estate Market Update Leave a Comment

September 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

The median sale price of single family homes in 90803 has fluctuated greatly in recent years, but continues to trend upwards despite the highs and lows over the months. Fluctuations in price are not unusual in 90803 and home prices in the area are still substantially higher than for Long Beach overall. After a brief but harsh drop in July at $955,000, the median sales price for single family homes in 90803 came back up to $992,500, which marked a 3.9% growth from month to month.


There were 76 active listings in August 2016, which continues a trend of dropping inventory that began in June. This marks a 11.6% decrease from the year before.

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 August 2016, which reflects a 12.2% decrease from the year prior in August. Inventory for single family homes has begun another decline as of June 2016.

Condominiums in 90803

Condominium prices in Long Beach have fluctuated a lot in recent years, but appear to have found a norm over the last quarter. In July 2016, the median price of condos in 90803 was $492,450, which is a 23.11% increase from the year prior. This marks an improvement in condominium from the last high in February 2016.

The number of new listings decreased in 90803, dropping from 23 in July to 17 in August. This is the same number of new listings that were present in August 2015.

Condominium inventory is on the rise after a year’s worth of low availability. In August 2016 there was a 3.5 month supply of condos, staying within the seller’s market range, but

Overall in comparison to the rest of the city, the inventory for both condominiums and single family houses is well within range of the seller’s market, but is also reasonable to buyers as well. Fall frequently marks a time of fewer but faster sales as buyers who didn’t see their new home in the summer continue looking to purchase, so we may yet see another value increase as inventory increases slow going into the holidays.

Recent Home Sales in 90803

$6,888,000
For Sale
6
Beds
1
Baths
6,900
Sq Ft
2 60th Place
Long Beach, CA 90803
Single Family Residence - Active
$4,500,000
For Sale
4
Beds
4
Baths
3,900
Sq Ft
6302 E Bay Shore Walk
Long Beach, CA 90803
Single Family Residence - Active
New Listing - 4 weeks online
$4,295,000
For Sale
2
Beds
6
Baths
4,880
Sq Ft
6519 E Seaside Walk
Long Beach, CA 90803
Single Family Residence - Active
$4,250,000
For Sale
4
Beds
3
Baths
3,336
Sq Ft
150 Rivo Alto Canal
Long Beach, CA 90803
Single Family Residence - Active
$3,999,999
For Sale
2
Beds
6
Baths
5,000
Sq Ft
6519 E Seaside Walk
Long Beach, CA 90803
Single Family Residence - Active
$3,595,000
For Sale
4
Beds
4
Baths
3,900
Sq Ft
6302 E Bay Shore Walk
Long Beach, CA 90803
Single Family Residence - Active
$3,495,000
For Sale
4
Beds
2
Baths
5,409
Sq Ft
2934 E 1st Street
Long Beach, CA 90803
Single Family Residence - Active
$3,495,000
For Sale
5
Beds
4
Baths
4,575
Sq Ft
2401 E Ocean Boulevard
Long Beach, CA 90803
Single Family Residence - Active
$3,195,000
For Sale
3
Beds
2
Baths
2,830
Sq Ft
5625 E Sorrento Drive
Long Beach, CA 90803
Single Family Residence - Active
$3,150,000
For Sale
5
Beds
4
Baths
3,900
Sq Ft
6601 E Seaside Walk
Long Beach, CA 90803
Single Family Residence - Active
$2,999,999
For Sale
6
Beds
4
Baths
5,397
Sq Ft
211 Quincy Avenue
Long Beach, CA 90803
Single Family Residence - Active
$2,975,000
For Sale
4
Beds
2
Baths
3,990
Sq Ft
51 58th Place
Long Beach, CA 90803
Single Family Residence - Active
$2,795,000
For Sale
4
Beds
2
Baths
2,886
Sq Ft
5614 Naples Canal
Long Beach, CA 90803
Single Family Residence - Active
$2,698,000
For Sale
3
Beds
2
Baths
2,220
Sq Ft
5821 E Corso Di Napoli
Long Beach, CA 90803
Single Family Residence - Active
$2,688,000
For Sale
4
Beds
3
Baths
2,880
Sq Ft
77 Rivo Alto Canal
Long Beach, CA 90803
Single Family Residence - Active
$2,650,000
For Sale
4
Beds
3
Baths
4,100
Sq Ft
2525 E Ocean Boulevard
Long Beach, CA 90803
Single Family Residence - Active
$2,575,000
For Sale
4
Beds
3
Baths
2,602
Sq Ft
5649 E Sorrento Drive
Long Beach, CA 90803
Single Family Residence - Active
$2,490,000
For Sale
3
Beds
3
Baths
2,265
Sq Ft
102 Rivo Alto Canal
Long Beach, CA 90803
Single Family Residence - Active
$2,385,000
For Sale
3
Beds
2
Baths
2,650
Sq Ft
42 Rivo Alto Canal
Long Beach, CA 90803
Single Family Residence - Active
$1,998,000
For Sale
4
Beds
4
Baths
4,589
Sq Ft
121 Geneva Walk
Long Beach, CA 90803
Single Family Residence - Active
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