90803 Real estate

90803 Real Estate Market Update

shannonjones Belmont Shore , Real Estate Leave a Comment

Median Home Price Up in 90803

Real Estate Information for Belmont Shore, Naples, Peninsula, Belmont Park and other neighborhoods in Long Beach 90803

After several months of showing declines, the median home price in 90803 increased last month to $1,106,563 – up 4.1% from November 2014. Here’s the latest on 90803 real estate trends.

The price per square foot of homes in 90803 showed some significant growth, up 29.1% in the past year to $599 as of November 2015.

The number of closed sales was down, however, from both the previous couple of months as well as from the same time last year.

As of last month, the average time on the market for homes selling in 90803 was 40 days. The fact that there were fewer sales despite the fact that homes are selling reasonably quickly may be a function of the relatively low inventory. As of November 2015, the inventory of available homes for sale was at a 5.1 months supply. Although that’s far above the level of inventory in Long Beach as a whole, it’s also 25.5% below the level at this time last year.

Condo Sales in 90803

Condo prices in 90803 are a slightly different story than single family homes. At $389,950, the median price for a condo in 90803 was $389,950 in November 2015, which is down from both the previous month as well as from the same time last year.

Meanwhile, the inventory of condos available in 90803 is at an extremely low level. With just a 1.5 month supply of condos for sale in the area, this represents a 50% decrease from the same time last year.

Seller’s Market

Anytime inventory is as low as it is right now, we experience what’s called a “seller’s market,” meaning that sellers have the upper hand when negotiating because supply is so far below current demand. Although spring and summer are traditionally considered by many to be the best time of year to sell a home, this winter is shaping up to be an excellent opportunity for sellers. If you’d like to find out what your home is worth in today’s market, fill out the form below and we’d be happy to provide you with a custom market evaluation.

Homes for Sale in 90803

$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
$3,595,000
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
$3,195,000
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
$2,795,000
For Sale
4
Beds
2
Baths
2,886
Sq Ft
5614 Naples Canal
Long Beach, CA 90803
Single Family Residence - Active
$2,795,000
For Sale
4
Beds
2
Baths
3,990
Sq Ft
51 58th Place
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
$2,598,000
For Sale
3
Beds
1,815
Sq Ft
5477 E Sorrento Drive
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
New Listing - 3 days online
$1,995,000
For Sale
5
Beds
4
Baths
2,933
Sq Ft
47 Angelo Walk
Long Beach, CA 90803
Single Family Residence - Active
$1,885,000
For Sale
3
Beds
3
Baths
3,663
Sq Ft
6063 Lido Lane
Long Beach, CA 90803
Single Family Residence - Active
New Listing - 3 weeks online
$1,878,800
For Sale
4
Beds
4
Baths
4,589
Sq Ft
121 Geneva
Long Beach, CA 90803
Single Family Residence - Active
$1,799,900
For Sale
3
Beds
2
Baths
3,448
Sq Ft
219 Prospect Avenue
Long Beach, CA 90803
Single Family Residence - Active
New Listing - 6 days online
$1,795,000
For Sale
3
Beds
3
Baths
3,005
Sq Ft
239 Saint Joseph Avenue
Long Beach, CA 90803
Single Family Residence - Active
$1,750,000
For Sale
7
Beds
5
Baths
4,027
Sq Ft
139 Lindero Avenue
Long Beach, CA 90803
Single Family Residence - Active
$1,650,000
For Sale
3
Beds
2
Baths
2,307
Sq Ft
338 Blue Cavern
Long Beach, CA 90803
Single Family Residence - Active

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