133 Promenade | Long Beach, CAThe Olson Company

Real Estate Market Update for 90802

shannonjones CA , California , City of Long Beach , Downtown Long Beach , Long Beach , Long Beach Condos , long beach homes , Long Beach Real Estate , Real Estate Market Update Leave a Comment

The 90802 Real Estate Market at a Glance Besides a small peak in April, median home sales prices in 90802 have been relatively low compared to last year. As of July of this year, the median home sales price was $162,500. Despite the low median sales prices, the median percentage of original home listing price to sales price is at 100% for July. This is the highest it has been in all of 2015. 90802 condo sales are on a general upward trend, though median prices took a slight drop from $299,000 in June to $284,000 in July. The median percentage of …

Los Altos, Long Beach, CA

Real Estate Market Update for 90815

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Wondering how the Real Estate Market is doing in 90815? Here’s your update! Median home sales prices in the 90815 area have been on a general upward trend for months, though they took a slight drop to $576,000 in July from $590,000 in July. The median percentage of original home listing price to sales price took a bit of a drop as well. In June the percentage was at 100%, now in July it comes in at 98.5%. Home sales took a dramatic drop as well, with only 26 closed homes in July. That was following the best month of …

Lakewood Village Homes 4

Real Estate Market Update for 90808

shannonjones CA , California , City of Long Beach , Lakewood Village , Long Beach , long beach homes , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

A Quick Look at the 90808 Real Estate Market Median home sales prices in the 90808 area have been on a general upward trend, though they dropped slightly from $599,000 in June to $560,000 in July. The median percentage of original home listing price to sales price has dropped slightly as well and was at 99.8% in July. However this is still much higher than most of 2015 has been. The number of closed home sales in 90808 in July was 59 — a significant increase over monthly sales volume the past few years. There is currently a 1.8 months supply of inventory …

Rose Park homes for sale

Real Estate Market Update for 90804

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How Does the Real Estate Market Look for 90804? Though the median home sales price in 90804 has taken a couple dips in 2005, it seems that home prices in 90804 are back on the rise. In July 2015, the median sales price was $425,000, which is a $2,000 increase from June and $105,000 higher than it was in January 2015. Meanwhile the inventory of homes for sale in 90804 remains relatively low. In June of 2015, the inventory of homes for sale was at 2.3 months, significantly below the 4.4 month supply the area experienced in May. For July, inventory went up slightly, to …

Beautiful Home in 
Carroll Park

Real Estate Market Update for 90814

shannonjones Belmont Heights , CA , California , City of Long Beach , Long Beach , Long Beach Condos , long beach homes , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

How is the Real Estate Market Looking for the 90814 area?   After taking a couple dips earlier this year, median home sales prices in 90804 have been on the rise for the past couple months. In July 2015, the median home sales price for 90814 was $940,000 – $190,000 more than in July 2014. This is a very good time to sell a home in 90814. The median percentage of original listing price to sales price was at 100% for July 2015. In July, there were 9 closed home sales in 90814, down slightly from the 13 closed sales in June, …

The Peninsula, Long Beach, CA

Real Estate Market Update for 90803

shannonjones Belmont Heights , Belmont Shore , CA , California , City of Long Beach , Long Beach , Long Beach Condos , long beach homes , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

What’s Going On with the Real Estate Market in 90803?   After declining earlier this year, median home prices in 90803 have been on the upswing. In July 2015, the median home price in 90803 was $1,127,000, up $115,500 from June 2015 and $147,000 higher than in July 2014.   The number of closed home sales in 90803 was slightly higher than July 2014 but down from June. Nonetheless, the 21 home sales in July far exceeded the 6 sales that occurred in January of this year. If you are thinking of selling your home in Belmont Shore, Naples, Belmont Park …

California Heights, Long Beach, CA

Real Estate Market Update for 90807

shannonjones CA , California , City of Long Beach , Long Beach , Long Beach Condos , long beach homes , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

What’s Going On in 90807?   Median home sales prices for single family homes in 90807 has been a bit sporadic so far in 2015, but prices in July are at $612,000 – up $62,000 from June 2015 and $97,000 from July 2014. Despite a slight dip last month, closed homes sales have been on a steady upward trend throughout 2015 in 90807, which includes California Heights, Bixby Knolls, and Virginia Country Club. If you are thinking about selling your home in 90807, now may be a great time. The month’s supply of homes has been dropping over the past few months and …

Long Beach real estate update

Long Beach Real Estate Update – August 2015

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What’s the latest with the Long Beach real estate market? After five months of increases, the median home price in Long Beach dropped a little in July 2015. Yet at $520,000, the median price of a single family home in Long Beach is still 9.5% higher than in July 2014. Closed sales last month were also slightly down from the previous month, but up from July 2014. A total of 228 single family homes sold last month, up 15.2% from the previous year.   Available homes for sale in Long Beach declined last month to 438, 25.4% below the same time last …

Are home values at record highs

Are Home Values At Record Levels?

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Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”: Wall Street Journal:   Existing-Home Prices Hit Record USA Today:   Existing home sales surge, prices hit record Though the headlines are accurate, we want to take a closer look at the story. We do not want people to believe that this information is evidence that a new “price …

Hot summer market

Home Sales Hot This Summer

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People always talk about the “spring buying season” when they talk real estate. However, this year it appears as though the summer real estate market will be just as hot. The most recent Foot Traffic Report released by the National Association of Realtors (NAR) revealed that there are more buyers out looking at homes right now than at any other time in the last two years including the past two springs (in orange below). The Foot Traffic Report is compiled from data on the number of properties shown by Realtors. NAR further explains: “Foot traffic has a strong correlation with …