90807 Market Update

90807 Market Update: October 2016

shannonjones Bixby Knolls , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90807 Market Update October 2016: Real Estate Statistics and Information for the 90807 Areas of Long Beach, CA

Including the Neighborhoods of California Heights, Bixby Knolls, Bixby Terrace, and Virginia Country Club

In September, the median single family home price in 90807 was $637,000, which is just about an 18% growth from September 2015. The area tends to do well later in the year, so it would not be unheard of to see a couple months of growth continuing from here before following the usual winter drop off.

The closing price of homes was typically 100% of the asking price in the month of September for homes in 90807. In comparison to last year’s 98.9% in September 2015, this shows that September 2016’s pricing was on point, and that buyers for the area were finding quality homes. Most of the summer saw similar results, with a short window of loss in August.

Inventory in 90807 experienced another decline in September, moving from a 3.2 to a 2.8 months supply of homes on the market. This is a distinct move back into a seller’s market, perhaps to mirror the same drop that happened in the last fall of 2015. With the appreciation home sale value, it’s worth looking into selling if you were considering it.

Condominiums in 90807

The median price of condominiums has seen a lot of back and forth on its drops and gains, seeing a big gain in July 2016 and then dropping down again this August and September. In September 2016, the median sale price for condos in 90807 was $238,999. This marks a 16% drop from the year prior.

In September, the number of pending sales increased for condos, indicating that while we see lowered sale value in September, we may see this bounce back up with the close of these sales.

The number of days a condo property would spend on the market improved substantially between August and September, dropping from 129 days to 50 days. While this may still feel like a long time in comparison to neighborhoods like Wrigley that are in the 20s, this is falling more in line with the usual trend for the 90807 area.

Bottom Line

90807 experienced some growth and losses across single family homes and condos, but overall the health of the area’s sales is good.  If you have been thinking about selling your home in 90807, now is a great time to talk to speak with a realtor or to get an estimate on your home.

Homes For Sale in 90807

$2,850,000
For Sale
4
Beds
4
Baths
4,705
Sq Ft
4255 Country Club Drive
Long Beach, CA 90807
Single Family Residence - Active
$1,849,500
For Sale
4
Beds
5
Baths
4,387
Sq Ft
3800 N Weston Place
Long Beach, CA 90807
Single Family Residence - Active
New Listing - 3 days online
$1,799,000
For Sale
5
Beds
4
Baths
3,845
Sq Ft
430 W San Antonio Drive
Long Beach, CA 90807
Single Family Residence - Active
$1,450,000
For Sale
4
Beds
4
Baths
4,564
Sq Ft
118 W Bixby Road
Long Beach, CA 90807
Single Family Residence - Active
$1,290,000
For Sale
4
Beds
4
Baths
3,586
Sq Ft
4251 Pacific Avenue
Long Beach, CA 90807
Single Family Residence - Active Under Contract
$1,275,000
For Sale
4
Beds
3
Baths
3,126
Sq Ft
3845 Cedar Avenue
Long Beach, CA 90807
Single Family Residence - Active
$1,249,900
For Sale
4
Beds
3
Baths
3,172
Sq Ft
30 La Linda Drive
Long Beach, CA 90807
Single Family Residence - Active
$1,249,000
For Sale
4
Beds
3
Baths
2,737
Sq Ft
3954 Pine Avenue
Long Beach, CA 90807
Single Family Residence - Active
$1,149,000
For Sale
4
Beds
3
Baths
2,919
Sq Ft
1051 Andrews Drive E
Long Beach, CA 90807
Single Family Residence - Active
$1,149,000
For Sale
4
Beds
3
Baths
2,919
Sq Ft
1051 E Andrews Drive
Long Beach, CA 90807
Single Family Residence - Active
$1,139,000
For Sale
4
Beds
3
Baths
2,919
Sq Ft
1051 E Andrews Drive
Long Beach, CA 90807
Single Family Residence - Active
New Listing - 4 weeks online
$1,099,000
For Sale
3
Beds
2
Baths
2,577
Sq Ft
1042 E Andrews Drive
Long Beach, CA 90807
Single Family Residence - Active Under Contract
$1,095,000
For Sale
4
Beds
3
Baths
2,978
Sq Ft
3804 Linden Avenue
Long Beach, CA 90807
Single Family Residence - Active
$1,089,000
For Sale
3
Beds
3
Baths
2,460
Sq Ft
3736 Cedar Avenue
Long Beach, CA 90807
Single Family Residence - Active Under Contract
$1,074,900
For Sale
3
Beds
2
Baths
2,754
Sq Ft
4111 Chestnut Avenue
Long Beach, CA 90807
Single Family Residence - Active Under Contract
$1,055,000
For Sale
4
Beds
2
Baths
3,109
Sq Ft
648 W Terrylynn Place
Long Beach, CA 90807
Single Family Residence - Active Under Contract
$1,050,000
For Sale
4
Beds
3
Baths
2,622
Sq Ft
4040 Chestnut Avenue
Long Beach, CA 90807
Single Family Residence - Active
$1,050,000
For Sale
4
Beds
4
Baths
2,629
Sq Ft
909 E Marshall Place
Long Beach, CA 90807
Single Family Residence - Active Under Contract
$999,000
For Sale
3
Beds
4
Baths
3,169
Sq Ft
1024 E Freeland Street
Long Beach, CA 90807
Single Family Residence - Active
New Listing - 6 days online
$995,000
For Sale
3
Beds
4
Baths
3,271
Sq Ft
3596 Lemon Avenue
Long Beach, CA 90807
Single Family Residence - Active
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