90806 Market Update

90806 Market Update: October 2016

shannonjones Long Beach Real Estate , Real Estate , Real Estate Market Update , Wrigley Leave a Comment

October 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 continue to rise in 90806 as a trend, with September seeing some gains after a brief dip downward in August.  As of September 2016, the median price was $462,000, which marks a 14.8% rise from the same time last year. Historically, Wrigley does very well during the late fall, so we anticipate seeing another rise in the future as home sales continue.

The number of new listings in 90806 increased in September, likely following the trend of improved fall sales. This is good for both buyer and seller alike, as it will make more homes available for people looking, but offer higher demand than is seen during the rest of the year. At 17 new listings, this is one less than September 2015, indicating that property is in short supply overall.

The median number of days that homes spend on the market in 90806 is incredibly low, at only 22 days. With properties in short supply, unique builds, and a good neighborhood for people looking for the more suburban environment with access to Long Beach’s downtown, people buy quickly in this neighborhood. While this figure tends to change from month to month, this is a case where it’s better to move quickly if you’re interested in something available.

Inventory in 90806 increased in September, going from  August’s 1.8 months supply to 2.4 months supply. At 4 to 6 months being more of a regular supply, this is extremely low even with the rise in inventory.

 

Bottom Line

The real estate market in 90806 continues to be competitive, with few available options and lots of quick sales. If you’re looking to move and have a home in this area, the next month is ideal to list, so if you’ve been thinking about it and are ready to get the ball rolling, give us a call!

Homes For Sale in 90806

  1. 2 beds, 1 bath
    Home size: 1,052 sq ft
    Lot size: 6,098 sqft
    Year built: 1939
    Days on market: 4
  2. 3 beds, 1 bath
    Home size: 1,245 sq ft
    Lot size: 6,098 sqft
    Year built: 1938
    Days on market: 5
  3. 3 beds, 2 baths
    Home size: 990 sq ft
    Lot size: 6,969 sqft
    Year built: 1944
    Days on market: 5
  4. 3 beds, 1 bath
    Home size: 1,004 sq ft
    Lot size: 5,662 sqft
    Year built: 1944
    Days on market: 5
  5. 3 beds, 1 bath
    Home size: 1,004 sq ft
    Lot size: 6,098 sqft
    Year built: 1944
    Days on market: 11
  6. 2 beds, 2 baths
    Home size: 1,309 sq ft
    Lot size: 5,227 sqft
    Year built: 1945
    Days on market: 19
  7. 3 beds, 1 bath
    Home size: 962 sq ft
    Lot size: 3,049 sqft
    Year built: 1960
    Days on market: 25
  8. 4 beds, 3 baths
    Home size: 1,800 sq ft
    Lot size: 5,227 sqft
    Year built: 1942
    Days on market: 39
  9. 2 beds, 2 baths
    Home size: 1,802 sq ft
    Lot size: 6,098 sqft
    Year built: 1939
    Days on market: 45
  10. 2 beds, 1 bath
    Home size: 696 sq ft
    Lot size: 6,534 sqft
    Year built: 1922
    Days on market: 61

See all Real estate in the 90806 zip code.
(all data current as of 7/23/2017)

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

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