90804

90804 Market Update: August 2016

shannonjones Long Beach , Long Beach Condos , long beach homes , Real Estate Market Update , Rose Park Leave a Comment

August 2016 Real Estate Market Update for the 90804 Area of Long Beach

Including the neighborhoods of Rose Park and Traffic Circle Area

The median home price in 90804 was 38.1% higher in July 2016 than a year ago, and marks a new high in a three year period. Home prices have fluctuated in the area, but the general trend appears to be an increase.

There were 12 closed home sales in 90804 in July 2016. Though there were just two closed sales in February, since then the number has climbed substantially. While the number of closed sales have fluctuated a lot in recent years, the number of closed sales in July 2016 was 33.3% increase from the previous July.

The inventory of homes for sale has increased in 90804, likely due to increasing property value. In July 2016 there was a 3.5 month supply of homes for sale, representing a 6.3% increase from the previous year. The market in these neighborhoods tends to fluctuate strongly, so we may see another decrease occur soon as seen in the fall of 2015.

Condominiums in 90804

The price of condominiums in 90804 increased from June to July of 2016. The median condo price in July was $305,000, which reflects the same value as July of last year. However, overall value continues to trend upwards with spikes in value.

There were 9 closed condominium sales in June 2016. Low inventory in the area may indicate that there simply were fewer homes for buyers to close on. An increase in properties towards the end of July will open the door for more potential closed sales.

Condominiums for sale in this area have seen a reduced number of days on the market from June to July 2016 at 44 days, indicating new listings are going quickly. This is surprisingly still 7.3% faster than the previous year, which took 41 days on average.

Bottom Line

Despite a brief slowing of sales, the 90804 area continues to exhibit strong sales and real estate appreciation in the greater Long Beach area. With few homes on the market, there is a high demand from buyers for this increasingly trendy neighborhood. If you’re thinking about putting your home on the market, give us a call or fill out the form and we’d be happy to help!

Homes Recently Sold in 90804

$1,249,000
For Sale
4
Beds
3
Baths
2,688
Sq Ft
830 Santiago Avenue
Long Beach, CA 90804
Single Family Residence - Active
$995,000
For Sale
1050 Obispo Avenue
Long Beach, CA 90804
Other (OTHR) - Active
$879,900
For Sale
732 Redondo Avenue
Long Beach, CA 90804
Multi-Family - Active
$870,000
For Sale
3200 E 10th Street
Long Beach, CA 90804
Other (OTHR) - Active
$859,000
For Sale
5
Beds
2
Baths
4,535
Sq Ft
1617 Temple Avenue
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 4 weeks online
$849,999
For Sale
3
Beds
3
Baths
1,560
Sq Ft
756 Coronado Avenue
Long Beach, CA 90804
Multi-Family - Active Under Contract
$845,000
For Sale
1021 Bennett Avenue
Long Beach, CA 90804
Belmont Heights (BH) - Active Under Contract
New Listing - a week online
$675,000
For Sale
3
Beds
2
Baths
1,322
Sq Ft
737 Molino Avenue
Long Beach, CA 90804
Single Family Residence - Active
$650,000
For Sale
2
Beds
1
Baths
1,682
Sq Ft
1447 Newport Avenue
Long Beach, CA 90804
Single Family Residence - Active
$650,000
For Sale
3
Beds
1
Baths
1,201
Sq Ft
1082 Raymond Avenue
Long Beach, CA 90804
Single Family Residence - Active
$649,000
For Sale
2
Beds
1
Baths
884
Sq Ft
3926 E Wilton Street
Long Beach, CA 90804
Single Family Residence - Active
$625,000
For Sale
2026 E 15th Street
Long Beach, CA 90804
Poly High (PH) - Active Under Contract
$609,995
For Sale
1111 Ohio Avenue
Long Beach, CA 90804
Multi-Family - Active Under Contract
New Listing - yesterday
$599,000
For Sale
3
Beds
1
Baths
1,248
Sq Ft
1425 N Anaheim Place
Long Beach, CA 90804
Single Family Residence - Active Under Contract
New Listing - 4 weeks online
$579,900
For Sale
2
Beds
1
Baths
1,168
Sq Ft
1075 Ximeno Avenue
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 4 weeks online
$565,000
For Sale
2
Beds
1
Baths
1,197
Sq Ft
4231 E 14th Street
Long Beach, CA 90804
Single Family Residence - Active Under Contract
$565,000
For Sale
3
Beds
2
Baths
1,402
Sq Ft
2930 E 15th Street
Long Beach, CA 90804
Single Family Residence - Active
$550,000
For Sale
3
Beds
2
Baths
1,543
Sq Ft
2703 E 7th
Long Beach, CA 90804
Multi-Family - Active Under Contract
New Listing - 2 weeks online
$549,000
For Sale
5
Beds
2
Baths
1,975
Sq Ft
1225 Molino Avenue
Long Beach, CA 90804
Single Family Residence - Active
New Listing - 2 weeks online
$549,000
For Sale
3
Beds
1
Baths
1,178
Sq Ft
3645 E 17th Street
Long Beach, CA 90804
Single Family Residence - Active
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