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90814 Market Update: September 2016

shannonjones Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update , Rose Park 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 single family home price in 90814 has increased substantially in the last three years but continues to see-saw with rises and falls in the market. August saw growth after July’s brief decline, and the average price sat at $827,500. This is a 15.7% increase from the year prior. Historically, these prices saw another rise around November of 2015, so it will be interesting to watch and see if this becomes a new trend.

The number of days that homes are on the market in 90814 saw a decrease June and August, with 53 days being the average from August. This is a fairly average time for housing as a whole, but is slightly longer than the Long Beach norm.

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 4.0 since then in August. This marks a half-way point between being a seller’s or a buyer’s market, as while this is still quite low from a national perspective, this is a pretty good opportunity for a buyer in the Southern California market.

Condominiums in 90814

The median price of condominiums in 90814 has also fluctuated a fair amount in recent years, but trends upwards. In August, the median price for a condominium was $335,000, a 9.5% growth since August 2015 even though it was a slight drop from June 2016’s high point for the year.

The number of active condominium listings in 90814 currently sits at 15. The number of active listings in 2016 has been fairly low in comparison to years prior, although there was only one more listing in August 2015 than there is presently, marking a very small drop for this time of year.

Inventory has declined significantly in recent months, with only a mild increase in August 2016 to a 1.8 month supply for condominiums in 90814. While historically prior to last year we would typically see an increase in inventory over the fall and early winter, 2015 bucked this trend and it will be interesting to watch to see if 2016 marks another late year of low inventory.

Sellers Market

Inventory is middling in 90814, even with high single family home pricing. If you are looking to list a condo however, this is a really excellent time with low competition. If you’re thinking about selling your home, now is a great time to talk to a knowledgeable realtor and make a strategy that is appropriate to your timeline and your neighborhood’s sale patterns.

Homes Recently Sold in 90814

  1. 3 beds, 2 baths
    Home size: 1,724 sq ft
    Lot size: 5,000 sqft
    Year built: 1917
    Days on market: 10
  2. 2 beds, 1 bath
    Home size: 1,003 sq ft
    Lot size: 3,376 sqft
    Year built: 1920
    Days on market: 12
  3. 3 beds, 3 baths
    Home size: 1,267 sq ft
    Lot size: 6,751 sqft
    Year built: 1918
    Days on market: 18
  4. 2 beds, 3 baths
    Home size: 1,008 sq ft
    Lot size: 4,951 sqft
    Year built: 1900
    Days on market: 21
  5. 2 beds, 1 bath
    Home size: 752 sq ft
    Lot size: 3,267 sqft
    Year built: 1946
    Days on market: 36
  6. 3 beds, 2 baths
    Home size: 1,989 sq ft
    Lot size: 3,995 sqft
    Year built: 1923
    Days on market: 71
  7. 2 beds, 1 bath
    Home size: 1,100 sq ft
    Lot size: 2,605 sqft
    Year built: 1922
    Days on market: 80

See all Real estate in the 90814 zip code.
(all data current as of 10/19/2017)

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

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