Long Beach Market Update 2015-03 (2)

Long Beach Real Estate Market Update

shannonjones Featured Articles , Long Beach Real Estate , Real Estate Market Update Leave a Comment

    LONG BEACH REAL ESTATE MARKET UPDATE Between January 2014 and January 2015, the median price of a single family home in Long Beach CA went up by 4.9 percent and inventory declined by 21 percent. Closed sales remained about the same, while the number of new listings declined a little if you compare January 2015 to January 2014. Meanwhile, time on the market remained relatively consistent, despite the significant decline in short sales, which typically take longer to sell. The median sales price for a single family home in Long Beach in January 2015 was $482,000, up from …

Long Beach Real Estate Market Update – May 2014

Shannon Belmont Heights , Belmont Shore , Buying a Home , California , City of Long Beach , Downtown Long Beach , Featured Articles , Lakewood Village , Long Beach , Long Beach Condos , Real Estate , Real Estate Market Update , Rose Park , Rose Park Neighborhood , Uncategorized , Wrigley

Spring is upon us and summer is just around the corner which means it’s a great time to think about buying or selling a home.  Traditionally, spring and summer are the hottest seasons for real estate because sales peak in April and May and stay strong in June and July.  Many families prefer to move between school terms and while the weather is warm and potential buyers may have just received their tax refunds, which they can use to help finance a down payment. For homeowners who’ve been waiting for their home to build equity before making a move, now …

Long Beach CA Real Estate Market Update – April 2014

Shannon Featured Articles , Real Estate Market Update

Long Beach home prices continued to appreciate in March and the inventory remained low. With interest rates remaining low, this is an ideal market to buy and sell. The median Long Beach home price in March 2014 was $475,000, up 16.3 percent from March 2013 and 9.4 percent from February 2014 – just one month prior, according to the latest statistics from Pacific West Association of Realtors (PWR). Prices for Long Beach condos and townhouses have also appreciated dramatically. Between March 2013 and March 2014, the median sales price jumped 36 percent, from $204,000 to $277,500.  Here’s a look at …

Long Beach Real Estate Market Update – March 2014

Shannon Featured Articles , Real Estate Market Update

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Long Beach Real Estate Market Update – December 2013

Shannon Featured Articles , Long Beach , Real Estate Market Update

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:8.0pt; mso-para-margin-left:0in; line-height:107%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} The latest Long Beach real estate statistics showed a slight decline in home prices last month – a departure from the runaway price increases we’ve been seeing throughout 2013. The median home price in Long Beach CA dipped from $469,000 in October 2013 to $455,000 last month, according to statistics just released by Pacific West Association of Realtors (PWR). Although the November 2013 median …

Long Beach Home Prices Up, Great Time to Sell a Home

Shannon Featured Articles , Real Estate Market Update , Selling a Home

Home sales in Long Beach have continued to rise and the inventory remains low, meaning we are still in a seller’s market. The median sales price in October 2013 was $469,000, up 25 percent from October 2012, according to Pacific West Association of Realtors. And while some media reports indicate that the market shows signs of slowing, the median home price last month was $12,000 higher than the previous month. With the inventory of Long Beach homes for sale remaining at about a two month supply, we are still in a strong seller’s market. As we roll into November and …

Long_Beach_Market_Update_June_2013

Long Beach Real Estate Market Update – July 2013

Shannon Featured Articles , Real Estate Market Update

The recovery of the U.S. housing market now appears to be well under way. While demand is still high, even with credit conditions constraining buyers and interest rates bumping up recently, the low level of inventory is having a significant effect in most markets, including Long Beach. The median home price in Long Beach in June 2013 was $428,000, a 21.8 percent increase from June 2012, according to figures from the Multiple Listing Service (MLS). The inventory of homes remains very low — at just a 1.8 months supply in Long Beach, compared to a 3.3 months supply this time …

Long Beach Queen Mary

It’s a Seller’s Market in Long Beach!

Shannon Buying a Home , Featured Articles , Real Estate Market Update , Selling a Home

Our real estate market has shifted into overdrive and we’re now in a strong “seller’s market.” But what does that really mean for buyers and sellers? Merriam-Webster defines “seller’s market” as “a market in which goods are scarce, buyers have a limited range of choice, and prices are high.” So how do you define “scarce”? And what does that really mean for buyers and sellers? Typically a balanced real estate market is considered one with a four to six month supply of homes for sale. Any excess supply would result in a buyer’s market and anything less would be s …

Long Beach Real Estate Market Update – May 2013

Shannon Featured Articles , Real Estate Market Update

The Long Beach real estate market has been hot all year, but as we head into the summer season, it’s heating up even more! In April 2013, the average home sales price in Long Beach was $495,463 — which is 27 percent up from from April 2012. Meanwhile, the inventory of homes for sale declined by more than 62 percent. Currently, there is a 1.4 month supply of inventory, but in many neighborhoods there is less than a month’s supply. What this means is that if nothing else came on the market, we would be completely out of homes for sale in …

mountains

The weather may be cold, but the market is hot!

Shannon Featured Articles , Long Beach , Real Estate Market Update

The weather may be chilly, but the real estate market is sizzling right now! Many people believe that the real estate market cools off during the winter months. Sure, there may be some deals for home buyers willing to go home shopping instead of holiday shopping.  But why would someone want to sell right now? The answer is — because it’s a great time to sell. In Long Beach, Lakwood, and Signal Hill, the inventory of available homes for sale has been incredibly low throughout 2013, but as the holidays drew near and potential sellers began deciding to “wait until …