90814

90814 Market Update: August 2016

shannonjones Long Beach Real Estate , Real Estate , Real Estate Market Update , Rose Park Neighborhood Leave a Comment

Market Update: Real Estate Statistics and Information for the 90814 Areas of Long Beach, CA

90814 Market Update Includes the Neighborhoods of Carroll Park, Bluff Heights, Rose Park South, and Other 90814 Neighborhoods of Long Beach

The median home price in 90814 has increased substantially in the last three years but continues to see-saw with rises and falls in the market. Prices reached a peak of $940,000 in July 2015, but currently sits at $745,000 in July 2016. This is down 20.7% from the year prior.

The price per square foot in 90814 has had a rise of farily stable growth in 2016, and sat at $495 per square foot in July 2016. Compared to the last year at the same time, there has been an 11% growth.

The inventory of homes on the market in 90814 has seen gradual growth, with occasional falls. In February 2016 there was a 1.8 month supply, which is the lowest it’s been in more than a year, but quantity has increased to 3.2 over the following months into July. As anything below 4 to 6 months is considered a seller’s market, this is still a better than average time to be a seller, but with some options for buyers.

Condominiums in 90814

The median price of condominiums in 90814 has also fluctuated a fair amount in recent years, but trends upwards. In July, the median price for a condominium was $357,000, a 17% growth since July 2015.

The number of active listings in 90814 currently sits at 12, which is lower than average in the last two years. This is a 47% drop from the year prior.

Inventory has declined significantly in recent months, with a 1.3 month supply for condominiums in 90814. This is a good time to list your condo if you live inside this area, as the demand is high with little competition for properties.

Sellers Market

Inventory is low in 90814. People are looking to buy, but there are not enough homes on the market. If you’re thinking about selling your home, now is a great time to talk to a knowledgeable realtor.

Condominiums Recently Sold in 90814

  1. 2 beds, 2 full baths
    Home size: 1,401 sq ft
    Lot size: 1.07 ac
    Year built: 1985
    Parking spots: 2
  2. 2 beds, 2 full baths
    Home size: 1,168 sq ft
    Lot size: 13,503 sqft
    Year built: 1969
    Parking spots: 1
  3. 2 beds, 1 full, 1 half baths
    Home size: 851 sq ft
    Lot size: 20,253 sqft
    Year built: 1973
  4. 2 beds, 2 full baths
    Home size: 1,079 sq ft
    Lot size: 15,646 sqft
    Year built: 1962
    Parking spots: 1
  5. 2 beds, 2 full baths
    Home size: 1,401 sq ft
    Lot size: 1.07 ac
    Year built: 1985
    Parking spots: 2
  6. 2 beds, 2 full baths
    Home size: 1,165 sq ft
    Lot size: 13,501 sqft
    Year built: 1966
    Parking spots: 2
  7. 2 beds, 2 full baths
    Home size: 1,111 sq ft
    Lot size: 18,703 sqft
    Year built: 1981
    Parking spots: 2
  8. 1 bed, 1 full bath
    Home size: 693 sq ft
    Lot size: 12.83 ac
    Year built: 1970
    Parking spots: 1
  9. 2 beds, 1 full, 1 half baths
    Home size: 1,146 sq ft
    Lot size: 6,414 sqft
    Year built: 1969
    Parking spots: 1
  10. 2 beds, 1 full bath
    Home size: 941 sq ft
    Year built: 1969
    Parking spots: 1

See all Real estate in the 90814 zip code.
(all data current as of 3/29/2017)

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

About the Author

shannonjones

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Shannon Jones has been helping home buyers and sellers in and around Long Beach since 1998.

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