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

$1,899,000
For Sale
437 Newport Avenue
Long Beach, CA 90814
Quadruplex - Active
$1,850,000
For Sale
5
Beds
3
Baths
3,792
Sq Ft
395 Ultimo Avenue
Long Beach, CA 90814
Single Family Residence - Active
New Listing - 4 days online
$1,795,000
For Sale
5
Beds
5
Baths
3,815
Sq Ft
351 Havana Avenue
Long Beach, CA 90814
Single Family Residence - Active
$1,595,000
For Sale
331 Newport Avenue
Long Beach, CA 90814
Belmont Heights (BH) - Active
New Listing - a week online
$1,529,900
For Sale
4
Beds
3
Baths
3,337
Sq Ft
346 Havana Avenue
Long Beach, CA 90814
Single Family Residence - Active
$1,529,000
For Sale
4
Beds
2
Baths
3,337
Sq Ft
346 Havana Avenue
Long Beach, CA 90814
Single Family Residence - Active
$1,525,000
For Sale
4
Beds
3
Baths
3,258
Sq Ft
4740 E 5th Street
Long Beach, CA 90814
Single Family Residence - Active
$1,525,000
For Sale
4660 E Barker Way
Long Beach, CA 90814
Multi-Family - Active
$1,525,000
For Sale
364 Freeman Avenue
Long Beach, CA 90814
La Plaza Real (LPR) - Active
$1,500,000
For Sale
363 Redondo Avenue
Long Beach, CA 90814
Belmont Heights (BH) - Active
$1,429,000
For Sale
309 Park Avenue
Long Beach, CA 90814
Belmont Heights (BH) - Active
$1,425,000
For Sale
675 Ultimo Avenue
Long Beach, CA 90814
Belmont Heights (BH) - Active
$1,389,000
For Sale
3
Beds
1
Baths
2,600
Sq Ft
366 Mira Mar Avenue
Long Beach, CA 90814
Single Family Residence - Active
$1,299,000
For Sale
627 Molino Avenue
Long Beach, CA 90814
Multi-Family - Active
$1,275,000
For Sale
4131 E 6th Street
Long Beach, CA 90814
Multi-Family - Active
$1,269,000
For Sale
313 Temple Avenue
Long Beach, CA 90814
Quadruplex - Active
New Listing - 4 weeks online
$1,235,000
For Sale
4
Beds
2
Baths
2,785
Sq Ft
5340 E 6th Street
Long Beach, CA 90814
Single Family Residence - Active
New Listing - 3 weeks online
$1,225,000
For Sale
4
Beds
3
Baths
2,980
Sq Ft
5475 E Colorado Street
Long Beach, CA 90814
Single Family Residence - Active
$1,164,900
For Sale
3
Beds
3
Baths
2,781
Sq Ft
344 Calle Marseille
Long Beach, CA 90814
Single Family Residence - Active
New Listing - 6 days online
$1,145,000
For Sale
4
Beds
2
Baths
2,566
Sq Ft
661 Roycroft Avenue
Long Beach, CA 90814
Single Family Residence - Active
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