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90806 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 90806 Area of Long Beach

Including the neighborhood of Wrigley and the Surrounding Areas of 90806

Home prices are on the rise in 90806.  As of May 2016, the median price was $450,000, which is 7.4% higher than the previous May. May’s median home price in 90806 was also higher than that in April, but lower than earlier this year. Even when they are rising, it’s common for prices to experience fluctuation throughout the year.

Homes are generally selling quickly in 90806. In May 2016, the median time on the market was 22 days, which is 15.4% below May 2015 and lower than it’s been for several years.

One reason homes are selling relatively quickly is the lack of inventory of homes on the market in 90806. There was just a 1.8 month supply of homes for sale in May 2016, which is below the 2.3 month supply in April and below the 2.1 month supply in May 2015.

Condominiums in 90806

Condo prices have fluctuated greatly in 90806. After showing a sharp dip in March 2016, the median condo price in 90806 jumped significantly in May 2016. At $297,000 last month, the median condo price in 90806 is 4.2% higher than the previous May. However, 90806 does not have a lot condos, as the area is primarily comprised of single family homes.

Earlier this year, the median time on market for condos in 90806 jumped to 134. In May 2016 condos stayed on the market for a median of 52 days. This reflects a 14.8% decrease from the year prior in May.

There was a 1.6 month supply of condos on the market in May 2016. Though this is very low, it’s actually up 23.1% from the year prior in May.

Bottom Line

The real estate market in 90806 is prime for those looking to sell their home. There is not a lot of competition and many people are looking to buy. If you’re thinking about putting your home on the market and want to get top dollar, give us a call today or fill out the form below!

Recent Home Sales, Homes in Escrow in 90806

New Listing - 15 hours online
$625,000
For Sale
4
Beds
2
Baths
1,628
Sq Ft
2768 Maine Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 18 hours online
$469,000
For Sale
3
Beds
2
Baths
1,051
Sq Ft
3249 Oregon Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 4 days online
$479,000
For Sale
4
Beds
2
Baths
1,472
Sq Ft
521 E Rhea Street
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 2 weeks online
$465,000
For Sale
3
Beds
1
Baths
1,242
Sq Ft
2274 Pine Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 2 weeks online
$449,500
For Sale
1
Beds
1,320
Sq Ft
335 W Pacific Coast Highway W
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 2 weeks online
$399,900
For Sale
2
Beds
1
Baths
754
Sq Ft
917 E 20th Street
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 2 weeks online
$479,900
For Sale
3
Beds
3
Baths
1,382
Sq Ft
2040 Atlantic Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 2 weeks online
$585,000
For Sale
3
Beds
2
Baths
1,612
Sq Ft
3261 Magnolia Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 2 weeks online
$499,000
For Sale
2
Beds
1
Baths
1,138
Sq Ft
2923 Magnolia Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
$499,000
For Sale
3
Beds
2
Baths
1,265
Sq Ft
2010 Pasadena Avenue
Long Beach, CA 90806
Single Family Residence - Active
$489,000
For Sale
3
Beds
1
Baths
1,007
Sq Ft
1825 Myrtle Avenue
Long Beach, CA 90806
Single Family Residence - Active
$574,900
For Sale
3
Beds
2
Baths
1,398
Sq Ft
2840 Magnolia Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
$429,900
For Sale
3
Beds
2
Baths
1,094
Sq Ft
930 E 20th Street
Long Beach, CA 90806
Single Family Residence - Active
$629,900
For Sale
3
Beds
1
Baths
2,000
Sq Ft
1911 Cedar Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
$469,000
For Sale
3
Beds
2
Baths
1,250
Sq Ft
1949 Olive Avenue
Long Beach, CA 90806
Single Family Residence - Active
$485,000
For Sale
2
Beds
1
Baths
1,760
Sq Ft
1918 Lewis Avenue
Long Beach, CA 90806
Single Family Residence - Active
$575,000
For Sale
3
Beds
2
Baths
1,140
Sq Ft
2658 Daisy Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
$459,500
For Sale
2
Beds
1
Baths
1,309
Sq Ft
2124 Pasadena Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
Short Sale
$550,000
For Sale
4
Beds
2
Baths
1,300
Sq Ft
3136 San Francisco Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
$443,000
For Sale
3
Beds
2
Baths
1,225
Sq Ft
1028 E Salt Lake Street
Long Beach, CA 90806
Single Family Residence - Active Under Contract
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