downtown Long Beach real estate

Condo Prices Up In Downtown Long Beach

Shannon Downtown Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90802 Real Estate Market Update

After two months of declines, the median price of single family homes in 90802 went up a little in November 2015. At $385,000, the median home price in 90802, which includes downtown Long Beach, is lower than it was at the beginning of the year.

However, closed sales of single family homes in 90802 have been very low as most of the area consists of businesses, condos, and multi-family housing. So, for example, there were just two houses that sold in 90802 in November 2015.

Condo Sales in 90802

In contrast, there were 31 condo that sold in 90802 in November 2015, down from a peak of 48 sales in August this year.

The median price for condominiums in 90802 in November 2015 was $290,000. While slightly lower than last month, it’s 11.5% higher than it was in November 2014.

The number of condo sales last month was 31, which remains consistent with November 2014, but is lower than it’s been since February of this year.

One factor impacting the volume of sales is the low inventory of available condos for sale in 90802. With just a 2.5 month supply, the inventory is lower than it’s been all year and 45.7% below this same time last year.

The lack of inventory, coupled with high demand, makes this a great time to sell a condo in 90802. Properties that are priced well and marketed effectively are selling reasonably quickly. The average time on the market as of last month was 51 days, down 20.3% from November 2014.

Seller’s Market in Long Beach

Anytime inventory is as low as it is right now, we experience what’s called a “seller’s market,” meaning that sellers have the upper hand when negotiating because supply is so far below current demand. Although spring and summer are traditionally considered by many to be the best time of year to sell a home, this winter is shaping up to be an excellent opportunity for sellers. If you’d like to find out what your home is worth in today’s market, fill out the form below and we’d be happy to provide you with a custom market evaluation.

Homes for Sale in Downtown Long Beach

  1. 1 bed, 1 full bath
    Home size: 575 sq ft
    Lot size: 7,510 sqft
    Year built: 1964
    Parking spots: 1
    Days on market: 1
  2. 2 beds, 2 full baths
    Home size: 1,014 sq ft
    Lot size: 34,912 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 2
  3. 3 beds, 3 full baths
    Home size: 1,760 sq ft
    Lot size: 33,443 sqft
    Year built: 2007
    Days on market: 3
  4. 3 beds, 2 three-quarter baths
    Home size: 1,600 sq ft
    Lot size: 3,307 sqft
    Year built: 1918
    Parking spots: 1
    Days on market: 3
  5. 2 beds, 3 full baths
    Home size: 3,070 sq ft
    Lot size: 42,888 sqft
    Year built: 1984
    Parking spots: 2
    Days on market: 3
  6. 2 beds, 2 full baths
    Home size: 957 sq ft
    Lot size: 32,280 sqft
    Year built: 1987
    Parking spots: 1
    Days on market: 3
  7. 1 bed, 1 full bath
    Home size: 750 sq ft
    Lot size: 34,315 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 7
  8. 1 bed, 2 full baths
    Home size: 880 sq ft
    Lot size: 33,206 sqft
    Year built: 1965
    Parking spots: 1
    Days on market: 8
  9. 1 bed, 1 full bath
    Home size: 586 sq ft
    Lot size: 14,992 sqft
    Year built: 1957
    Days on market: 9
  10. 1 bed, 1 full bath
    Home size: 880 sq ft
    Lot size: 33,206 sqft
    Year built: 1965
    Parking spots: 1
    Days on market: 9
  11. 1 bed, 1 full bath
    Home size: 600 sq ft
    Lot size: 22,564 sqft
    Year built: 1958
    Days on market: 9
  12. 2 beds, 2 full baths
    Home size: 1,080 sq ft
    Lot size: 33,206 sqft
    Year built: 1965
    Parking spots: 2
    Days on market: 9
  13. 1 bed, 1 full bath
    Home size: 732 sq ft
    Lot size: 1.31 ac
    Year built: 1973
    Days on market: 9
  14. 2 beds, 2 full baths
    Home size: 907 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Parking spots: 2
    Days on market: 10
  15. 3 beds, 3 full baths
    Home size: 1,788 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Parking spots: 2
    Days on market: 10
  16. 2 beds, 2 full baths
    Home size: 907 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Days on market: 10
  17. 1 bed, 1 full bath
    Home size: 759 sq ft
    Year built: 1973
    Parking spots: 1
    Days on market: 12
  18. 2 beds, 2 full baths
    Home size: 1,660 sq ft
    Year built: 2007
    Parking spots: 2
    Days on market: 12
  19. 2 beds, 2 full baths
    Home size: 1,400 sq ft
    Lot size: 25,047 sqft
    Year built: 1985
    Days on market: 13
  20. 2 beds, 2 full, 1 half baths
    Home size: 2,032 sq ft
    Year built: 1992
    Parking spots: 2
    Days on market: 13
  21. 3 beds, 2 full, 1 half baths
    Home size: 1,760 sq ft
    Lot size: 33,443 sqft
    Year built: 2007
    Days on market: 13
  22. 2 beds, 2 full baths
    Home size: 1,112 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 14
  23. 3 beds, 1 full bath
    Home size: 1,404 sq ft
    Lot size: 5,415 sqft
    Year built: 1924
    Parking spots: 2
    Days on market: 15
  24. 2 beds, 2 full baths
    Home size: 915 sq ft
    Lot size: 6,752 sqft
    Year built: 1987
    Parking spots: 2
    Days on market: 18
  25. 1 bed, 1 full bath
    Home size: 432 sq ft
    Lot size: 14,924 sqft
    Year built: 1955
    Days on market: 20
  26. 4 beds, 5 full baths
    Home size: 3,200 sq ft
    Lot size: 8,669 sqft
    Year built: 1926
    Parking spots: 2
    Days on market: 21
  27. 3 beds, 2 full baths
    Home size: 1,260 sq ft
    Lot size: 33,206 sqft
    Year built: 1965
    Parking spots: 2
    Days on market: 21
  28. 2 beds, 2 full baths
    Home size: 1,368 sq ft
    Lot size: 37,396 sqft
    Year built: 2003
    Parking spots: 2
    Days on market: 23
  29. 1 bed, 1 full bath
    Home size: 403 sq ft
    Lot size: 14,924 sqft
    Year built: 1955
    Days on market: 23
  30. 2 beds, 2 full baths
    Home size: 1,112 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 25
  31. 3 beds, 2 full baths
    Home size: 1,330 sq ft
    Lot size: 37,471 sqft
    Year built: 2001
    Parking spots: 2
    Days on market: 27
  32. 1 bed, 1 full bath
    Home size: 746 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 1
    Days on market: 27
  33. 1 bed, 1 full bath
    Home size: 668 sq ft
    Lot size: 28,577 sqft
    Year built: 1958
    Days on market: 27
  34. 1 bed, 1 full bath
    Home size: 990 sq ft
    Lot size: 42,888 sqft
    Year built: 1984
    Parking spots: 2
    Days on market: 27
  35. 2 beds, 2 full baths
    Home size: 1,439 sq ft
    Year built: 2008
    Parking spots: 2
    Days on market: 27
  36. 1 bed, 1 full bath
    Home size: 632 sq ft
    Lot size: 1.02 ac
    Year built: 1975
    Parking spots: 1
    Days on market: 28
  37. 1 bed, 1 full bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 1
    Days on market: 28
  38. 1 bed, 1 full bath
    Home size: 830 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 28
  39. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,245 sq ft
    Lot size: 8,899 sqft
    Year built: 1989
    Parking spots: 1
    Days on market: 28
  40. 3 beds, 3 full baths
    Home size: 2,685 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 28

See all Real estate in the 90802 zip code.
(all data current as of 3/30/2017)

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

Homes In Escrow in Downtown Long Beach

  1. 1 bed, 1 full bath
    Home size: 644 sq ft
    Lot size: 7,571 sqft
    Year built: 1972
    Parking spots: 1
    Days on market: 7
  2. 3 beds, 2 full baths
    Home size: 1,290 sq ft
    Lot size: 34,315 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 8
  3. 2 beds, 2 full baths
    Home size: 1,034 sq ft
    Lot size: 10,650 sqft
    Year built: 1971
    Parking spots: 1
    Days on market: 9
  4. 1 bed, 1 full bath
    Home size: 666 sq ft
    Lot size: 20,546 sqft
    Year built: 1972
    Parking spots: 1
    Days on market: 10
  5. 2 beds, 1 full bath
    Home size: 688 sq ft
    Lot size: 1,293 sqft
    Year built: 1914
    Days on market: 12
  6. 3 beds, 3 full baths
    Home size: 1,570 sq ft
    Lot size: 34,315 sqft
    Year built: 2008
    Parking spots: 2
    Days on market: 12
  7. 1 bed, 2 full baths
    Home size: 1,030 sq ft
    Lot size: 1.10 ac
    Year built: 2008
    Parking spots: 1
    Days on market: 13
  8. 1 bed, 1 full bath
    Home size: 536 sq ft
    Lot size: 22,488 sqft
    Year built: 1925
    Days on market: 13
  9. 1 bed, 1 full, 1 half baths
    Home size: 933 sq ft
    Lot size: 24,837 sqft
    Year built: 1981
    Parking spots: 1
    Days on market: 14
  10. 2 beds, 2 full baths
    Home size: 990 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 2
    Days on market: 15
  11. 1 bed, 1 full bath
    Home size: 703 sq ft
    Lot size: 19,946 sqft
    Year built: 1923
    Days on market: 16
  12. 0 beds, 1 full bath
    Home size: 550 sq ft
    Lot size: 22,564 sqft
    Year built: 1958
    Days on market: 17
  13. 2 beds, 1 full, 1 three-quarter baths
    Home size: 1,022 sq ft
    Lot size: 10,623 sqft
    Year built: 1959
    Parking spots: 1
    Days on market: 19
  14. 2 beds, 1 full bath
    Home size: 830 sq ft
    Lot size: 10,623 sqft
    Year built: 1959
    Parking spots: 1
    Days on market: 19
  15. 1 bed, 1 full bath
    Home size: 697 sq ft
    Lot size: 2.19 ac
    Year built: 1985
    Parking spots: 1
    Days on market: 20
  16. 1 bed, 1 full bath
    Home size: 622 sq ft
    Year built: 1990
    Parking spots: 2
    Days on market: 22
  17. 1 bed, 1 full bath
    Home size: 666 sq ft
    Lot size: 20,546 sqft
    Year built: 1972
    Parking spots: 1
    Days on market: 22
  18. 1 bed, 1 full bath
    Home size: 780 sq ft
    Lot size: 9,075 sqft
    Year built: 1965
    Parking spots: 1
    Days on market: 22
  19. 1 bed, 1 full bath
    Home size: 623 sq ft
    Lot size: 7,548 sqft
    Year built: 1954
    Days on market: 24
  20. 2 beds, 2 full baths
    Home size: 1,001 sq ft
    Lot size: 16,532 sqft
    Year built: 1985
    Parking spots: 2
    Days on market: 26
  21. 1 bed, 1 full bath
    Home size: 680 sq ft
    Lot size: 34,315 sqft
    Year built: 2008
    Parking spots: 1
    Days on market: 28
  22. 2 beds, 2 full, 1 half baths
    Home size: 1,884 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Parking spots: 2
    Days on market: 29
  23. 1 bed, 1 full bath
    Home size: 712 sq ft
    Lot size: 16,526 sqft
    Year built: 1977
    Parking spots: 1
    Days on market: 31
  24. 3 beds, 1 full, 1 three-quarter baths
    Home size: 1,155 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Parking spots: 2
    Days on market: 33
  25. 1 bed, 1 full bath
    Home size: 990 sq ft
    Lot size: 42,888 sqft
    Year built: 1984
    Parking spots: 2
    Days on market: 37
  26. 1 bed, 1 full bath
    Home size: 980 sq ft
    Lot size: 33,443 sqft
    Year built: 2007
    Parking spots: 1
    Days on market: 37
  27. 2 beds, 1 full bath
    Home size: 730 sq ft
    Lot size: 22,564 sqft
    Year built: 1958
    Days on market: 40
  28. 1 bed, 1 full bath
    Home size: 623 sq ft
    Lot size: 8,267 sqft
    Year built: 1955
    Days on market: 42
  29. 2 beds, 1 full, 1 half baths
    Home size: 1,324 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 2
    Days on market: 43
  30. 1 bed, 1 full bath
    Home size: 600 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 1
    Days on market: 45

See all Real estate in the 90802 zip code.
(all data current as of 3/30/2017)

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

Homes Recently Sold in Downtown Long Beach

  1. 1 bed, 1 full bath
    Home size: 565 sq ft
    Lot size: 14,924 sqft
    Year built: 1955
  2. 2 beds, 1 full, 1 half baths
    Home size: 877 sq ft
    Lot size: 14,975 sqft
    Year built: 1965
    Parking spots: 1
  3. 0 beds, 1 full bath
    Home size: 550 sq ft
    Lot size: 21,096 sqft
    Year built: 1922
  4. 2 beds, 2 full baths
    Home size: 951 sq ft
    Year built: 1990
    Parking spots: 2
  5. 1 bed, 1 full bath
    Home size: 575 sq ft
    Lot size: 15,793 sqft
    Year built: 1959
    Parking spots: 1
  6. 1 bed, 1 full bath
    Home size: 697 sq ft
    Lot size: 15,020 sqft
    Year built: 1965
    Parking spots: 1
  7. 0 beds, 1 full bath
    Home size: 480 sq ft
    Lot size: 21,096 sqft
    Year built: 1922
  8. 2 beds, 1 full bath
    Home size: 833 sq ft
    Lot size: 16,540 sqft
    Year built: 1958
  9. 2 beds, 2 full baths
    Home size: 1,410 sq ft
    Year built: 2007
    Parking spots: 2
  10. 2 beds, 2 full baths
    Home size: 906 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Parking spots: 2
  11. 2 beds, 1 full bath
    Home size: 820 sq ft
    Lot size: 22,564 sqft
    Year built: 1958
  12. 1 bed, 1 full bath
    Home size: 629 sq ft
    Lot size: 33,498 sqft
    Year built: 1928
  13. 1 bed, 1 full bath
    Home size: 684 sq ft
    Lot size: 29,224 sqft
    Year built: 1984
    Parking spots: 1
  14. 1 bed, 1 full bath
    Home size: 689 sq ft
    Lot size: 1.02 ac
    Year built: 1975
    Parking spots: 1
  15. 3 beds, 2 full baths
    Home size: 1,260 sq ft
    Lot size: 33,206 sqft
    Year built: 1965
    Parking spots: 1
  16. 1 bed, 1 full bath
    Home size: 680 sq ft
    Year built: 2004
  17. 2 beds, 2 full baths
    Home size: 1,700 sq ft
    Lot size: 33,268 sqft
    Year built: 2007
    Parking spots: 2
  18. 2 beds, 2 full baths
    Home size: 930 sq ft
    Lot size: 2.19 ac
    Year built: 1985
    Parking spots: 2
  19. 2 beds, 2 full baths
    Home size: 907 sq ft
    Lot size: 22,575 sqft
    Year built: 1988
    Parking spots: 2
  20. 1 bed, 1 full bath
    Home size: 622 sq ft
    Lot size: 40,544 sqft
    Year built: 1990
    Parking spots: 2
  21. 1 bed, 1 full bath
    Home size: 623 sq ft
    Lot size: 8,268 sqft
    Year built: 1955
  22. 2 beds, 1 full, 1 half baths
    Home size: 1,770 sq ft
    Year built: 2006
    Parking spots: 2
  23. 0 beds, 1 full bath
    Home size: 441 sq ft
    Lot size: 7,480 sqft
    Year built: 1913
  24. 2 beds, 2 full baths
    Home size: 957 sq ft
    Lot size: 32,280 sqft
    Year built: 1987
    Parking spots: 2
  25. 2 beds, 2 full baths
    Home size: 1,128 sq ft
    Lot size: 6,706 sqft
    Year built: 1974
    Parking spots: 1
  26. 2 beds, 1 full, 1 half baths
    Home size: 964 sq ft
    Lot size: 7,466 sqft
    Year built: 1981
    Parking spots: 2
  27. 2 beds, 1 full bath
    Home size: 886 sq ft
    Lot size: 2,346 sqft
    Year built: 1920
    Parking spots: 1
  28. 1 bed, 1 full bath
    Home size: 600 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Parking spots: 1
  29. 1 bed, 1 full bath
    Home size: 853 sq ft
    Lot size: 1.02 ac
    Year built: 1975
    Parking spots: 1
  30. 1 bed, 1 full bath
    Home size: 873 sq ft
    Lot size: 1.19 ac
    Year built: 1928

See all Real estate in the 90802 zip code.
(all data current as of 3/30/2017)

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

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