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90806 Market Update: September 2016

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

September 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, but August 2016 itself saw a dip downwards.  As of August 2016, the median price was $446,250, which is slightly lower than last year around the same time. Interestingly, we historically see a rise in value following September in 2015 over the course of the fall, and with such low inventory we can expect something similar might happen again.

The number of closed sales in 90806 has increased substantially since the beginning of the year following a rough pattern over the last three years that indicates September and October are good times for the Wrigley neighborhood and surrounding areas. August 2016 saw 18 closed sales, the same amount as the year before.

One reason homes are selling relatively quickly is the lack of inventory of homes on the market in 90806. 1.8 months of supply was available in August 2016, making it an ideal time to list in combination with the lowered number of new listings that came on the market in the same time frame. In comparison to August 2015’s 2.6 month supply (also incredibly low), there is very little available in the neighborhood which will make competition minimal for would-be sellers.

Active listings in 90806 also declined in August, falling from a recent peak of 34 in April 2016 to 23 in July. In comparison to August 2015, the number of available listings has dropped 32.3%.

 

Bottom Line

The real estate market in 90806 is prime for those looking to sell their home, and historically has good fall sales. 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 Sales in 90806

$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
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 - 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
$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
$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
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
$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 - 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
$489,000
For Sale
3
Beds
1
Baths
1,007
Sq Ft
1825 Myrtle 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
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 - 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
$469,000
For Sale
3
Beds
2
Baths
1,250
Sq Ft
1949 Olive 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 - 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
$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
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
$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
$429,900
For Sale
3
Beds
2
Baths
1,094
Sq Ft
930 E 20th Street
Long Beach, CA 90806
Single Family Residence - Active
New Listing - 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

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