90808 Market Update: Real Estate Statistics and Information for the 90808 Areas of Long Beach, CA
90808 Market Update Includes the Neighborhoods of Carson Park, Plaza, Lakewood Village, and Old Lakewood City
The median home price in 90808 is at one of it’s highest points right now, hitting $640,500 in July of 2016. In comparison to $560,000 as the average in July 2015, there has been a 14% growth that added almost $80,000 of value.
The number of active listings in 90808 has fluctuated significantly. However, for the most part, the number of active listings has been at its highest over the summer. As of July 2016, there were 83 active listings after a slow spring, but is still only 1.2% greater than the previous July.
Inventory continues to be low in the 90808 area of Long Beach, despite the summer growth of inventory. Sitting at a 2.3 month inventory, the neighborhoods in this territory still sit firmly in a seller’s market, but with a little variety for buyers looking for a home.
Bottom Line
Low inventory continues for single family homes and property values are at one of their highest points in a three-year history. Easy access to the city of Long Beach combined with pleasant suburban real estate with larger lots drives traffic to this region. For people looking to sell their home, this is a good market to be in. If you have any questions about your home’s value or how to start the selling process, feel free to contact our team.
