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

New Listing - a week online
$499,000
For Sale
3
Beds
2
Baths
1,265
Sq Ft
2010 Pasadena Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - a week online
$429,900
For Sale
3
Beds
2
Baths
1,282
Sq Ft
2260 Lime Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - a week online
$499,000
For Sale
3
Beds
1
Baths
1,007
Sq Ft
1825 Myrtle Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - a week online
$574,900
For Sale
3
Beds
2
Baths
1,398
Sq Ft
2840 Magnolia Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 2 weeks online
$319,000
For Sale
2
Beds
1
Baths
828
Sq Ft
1201 E Smith Place
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 3 weeks online
$560,000
For Sale
3
Beds
1
Baths
1,501
Sq Ft
2550 Golden Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 3 weeks online
$499,999
For Sale
4
Beds
3
Baths
1,558
Sq Ft
2036 Atlantic Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 3 weeks online
$399,500
For Sale
2
Beds
1
Baths
758
Sq Ft
1181 E 21st Street
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 3 weeks online
$425,000
For Sale
3
Beds
1
Baths
1,435
Sq Ft
2846 Daisy Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 3 weeks online
$399,000
For Sale
1
Beds
1
Baths
548
Sq Ft
2249 Maine Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
New Listing - 4 weeks online
$439,900
For Sale
3
Beds
2
Baths
1,094
Sq Ft
930 E 20th Street
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 4 weeks online
$670,000
For Sale
3
Beds
2
Baths
1,813
Sq Ft
2630 Golden Avenue
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 4 weeks online
$595,000
For Sale
3
Beds
1
Baths
1,000
Sq Ft
2890 Eucalyptus Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
New Listing - 4 weeks online
$350,000
For Sale
2
Beds
1
Baths
744
Sq Ft
211 E Eagle Street
Long Beach, CA 90806
Single Family Residence - Active Under Contract
$555,000
For Sale
4
Beds
3
Baths
1,800
Sq Ft
3049 Maine Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
$518,000
For Sale
3
Beds
1
Baths
1,004
Sq Ft
543 W 35th 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
$505,000
For Sale
2
Beds
2
Baths
1,162
Sq Ft
3170 Chestnut Avenue
Long Beach, CA 90806
Single Family Residence - Active
Short Sale
$819,990
For Sale
4
Beds
3
Baths
3,030
Sq Ft
3183 Chestnut Avenue
Long Beach, CA 90806
Single Family Residence - Active
$595,000
For Sale
3
Beds
1
Baths
998
Sq Ft
2451 San Francisco Avenue
Long Beach, CA 90806
Single Family Residence - Active Under Contract
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