Downtown Long Beach

Condo Prices Up In Downtown Long Beach

shannonjones 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 bath
    Home size: 680 sq ft
    Lot size: 2.76 ac
    Year built: 2004
    Days on market: 2
  2. 4 beds, 2 baths
    Home size: 2,029 sq ft
    Lot size: 6,098 sqft
    Year built: 1911
    Days on market: 2
  3. 3 beds, 2 baths
    Home size: 1,528 sq ft
    Lot size: 4,356 sqft
    Year built: 1913
    Days on market: 2
  4. 1 bed, 1 bath
    Home size: 834 sq ft
    Lot size: 40,510 sqft
    Year built: 1990
    Days on market: 2
  5. 2 beds, 2 baths
    Home size: 1,014 sq ft
    Lot size: 34,848 sqft
    Year built: 1990
    Days on market: 3
  6. 1 bed, 1 bath
    Home size: 900 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
    Days on market: 3
  7. 2 beds, 1 bath
    Home size: 820 sq ft
    Lot size: 22,215 sqft
    Year built: 1958
    Days on market: 3
  8. 2 beds, 2 baths
    Home size: 930 sq ft
    Lot size: 2.18 ac
    Year built: 1985
    Days on market: 4
  9. 2 beds, 2 baths
    Home size: 954 sq ft
    Lot size: 15,681 sqft
    Year built: 1959
    Days on market: 4
  10. 2 beds, 2 baths
    Home size: 1,399 sq ft
    Lot size: 40,510 sqft
    Year built: 1990
    Days on market: 6
  11. 2 beds, 3 baths
    Home size: 2,969 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Days on market: 7
  12. 0 beds, 1 bath
    Home size: 490 sq ft
    Lot size: 22,215 sqft
    Year built: 1958
    Days on market: 8
  13. 3 beds, 2 baths
    Home size: 1,465 sq ft
    Lot size: 2,178 sqft
    Year built: 1907
    Days on market: 8
  14. 3 beds, 4 baths
    Home size: 3,176 sq ft
    Lot size: 1,742 sqft
    Year built: 2008
    Days on market: 8
  15. 2 beds, 1 bath
    Home size: 822 sq ft
    Lot size: 4,791 sqft
    Year built: 1959
    Days on market: 9
  16. 2 beds, 1 bath
    Home size: 1,409 sq ft
    Lot size: 28,314 sqft
    Year built: 1976
    Days on market: 10
  17. 1 bed, 2 baths
    Home size: 880 sq ft
    Lot size: 33,105 sqft
    Year built: 1965
    Days on market: 11
  18. 0 beds, 1 bath
    Home size: 398 sq ft
    Lot size: 19,602 sqft
    Year built: 1923
    Days on market: 12
  19. 6 beds, 4 baths
    Home size: 3,529 sq ft
    Lot size: 7,840 sqft
    Year built: 1911
    Days on market: 13
  20. 1 bed, 1 bath
    Home size: 732 sq ft
    Lot size: 1.31 ac
    Year built: 1973
    Days on market: 13
  21. 2 beds, 2 baths
    Home size: 1,141 sq ft
    Lot size: 30,927 sqft
    Year built: 1982
    Days on market: 14
  22. 2 beds, 2 baths
    Home size: 913 sq ft
    Lot size: 1.24 ac
    Year built: 1984
    Days on market: 16
  23. 2 beds, 1 bath
    Home size: 834 sq ft
    Lot size: 16,117 sqft
    Year built: 1959
    Days on market: 16
  24. 2 beds, 2 baths
    Home size: 1,330 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
    Days on market: 17
  25. 3 beds, 3 baths
    Home size: 2,380 sq ft
    Lot size: 24,829 sqft
    Year built: 1985
    Days on market: 18
  26. 3 beds, 2 baths
    Home size: 1,248 sq ft
    Lot size: 2,178 sqft
    Year built: 1915
    Days on market: 20
  27. 3 beds, 2 baths
    Home size: 1,131 sq ft
    Lot size: 6,534 sqft
    Year built: 1903
    Days on market: 21
  28. 2 beds, 1 bath
    Home size: 1,018 sq ft
    Lot size: 13,939 sqft
    Year built: 1954
    Days on market: 22
  29. 2 beds, 1 bath
    Home size: 956 sq ft
    Lot size: 16,117 sqft
    Year built: 1928
    Days on market: 23
  30. 1 bed, 1 bath
    Home size: 680 sq ft
    Lot size: 2.76 ac
    Year built: 2004
    Days on market: 25
  31. 2 beds, 2 baths
    Home size: 1,245 sq ft
    Lot size: 1.18 ac
    Year built: 1928
    Days on market: 28
  32. 2 beds, 2 baths
    Home size: 1,377 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Days on market: 28
  33. 2 beds, 2 baths
    Home size: 1,014 sq ft
    Lot size: 30,927 sqft
    Year built: 1982
    Days on market: 29
  34. 2 beds, 2 baths
    Home size: 1,660 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
    Days on market: 30
  35. 1 bed, 1 bath
    Home size: 1,012 sq ft
    Lot size: 14,810 sqft
    Year built: 1925
    Days on market: 31
  36. 1 bed, 1 bath
    Home size: 615 sq ft
    Lot size: 14,810 sqft
    Year built: 1956
    Days on market: 31
  37. 2 beds, 2 baths
    Home size: 1,231 sq ft
    Lot size: 1.01 ac
    Year built: 1975
    Days on market: 32
  38. 1 bed, 1 bath
    Home size: 842 sq ft
    Lot size: 7,405 sqft
    Year built: 1959
    Days on market: 34
  39. 2 beds, 1 bath
    Home size: 850 sq ft
    Lot size: 7,840 sqft
    Year built: 1954
    Days on market: 35
  40. 3 beds, 3 baths
    Home size: 1,760 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
    Days on market: 35

See all Real estate in the 90802 zip code.
(all data current as of 7/21/2017)

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

Homes In Escrow in Downtown Long Beach

  1. 0 beds, 1 bath
    Home size: 505 sq ft
    Lot size: 7,840 sqft
    Year built: 1927
    Days on market: 8
  2. 2 beds, 2 baths
    Home size: 1,083 sq ft
    Lot size: 34,848 sqft
    Year built: 1990
    Days on market: 8
  3. 2 beds, 1 bath
    Home size: 1,306 sq ft
    Lot size: 3,920 sqft
    Year built: 1908
    Days on market: 14
  4. 1 bed, 1 bath
    Home size: 595 sq ft
    Lot size: 1.24 ac
    Year built: 1984
    Days on market: 14
  5. 2 beds, 1 bath
    Home size: 970 sq ft
    Lot size: 2,178 sqft
    Year built: 1910
    Days on market: 16
  6. 1 bed, 1 bath
    Home size: 853 sq ft
    Lot size: 1.01 ac
    Year built: 1975
    Days on market: 16
  7. 1 bed, 1 bath
    Home size: 752 sq ft
    Lot size: 7,840 sqft
    Year built: 1951
    Days on market: 17
  8. 2 beds, 2 baths
    Home size: 1,144 sq ft
    Lot size: 10,890 sqft
    Year built: 1969
    Days on market: 21
  9. 1 bed, 1 bath
    Home size: 622 sq ft
    Lot size: 29,185 sqft
    Year built: 1990
    Days on market: 21
  10. 2 beds, 2 baths
    Home size: 987 sq ft
    Lot size: 7,840 sqft
    Year built: 1985
    Days on market: 22
  11. 1 bed, 1 bath
    Home size: 585 sq ft
    Lot size: 14,810 sqft
    Year built: 1965
    Days on market: 22
  12. 2 beds, 1 bath
    Home size: 906 sq ft
    Lot size: 37,026 sqft
    Year built: 1984
    Days on market: 22
  13. 3 beds, 2 baths
    Home size: 1,155 sq ft
    Lot size: 1.24 ac
    Year built: 1991
    Days on market: 22
  14. 1 bed, 1 bath
    Home size: 663 sq ft
    Lot size: 33,976 sqft
    Year built: 2008
    Days on market: 22
  15. 2 beds, 2 baths
    Home size: 970 sq ft
    Lot size: 33,976 sqft
    Year built: 2008
    Days on market: 25
  16. 2 beds, 2 baths
    Home size: 1,080 sq ft
    Lot size: 33,105 sqft
    Year built: 1965
    Days on market: 25
  17. 1 bed, 2 baths
    Home size: 857 sq ft
    Lot size: 30,491 sqft
    Year built: 2004
    Days on market: 27
  18. 2 beds, 2 baths
    Home size: 1,158 sq ft
    Lot size: 2.76 ac
    Year built: 2004
    Days on market: 27
  19. 2 beds, 2 baths
    Home size: 874 sq ft
    Lot size: 7,405 sqft
    Year built: 1984
    Days on market: 28
  20. 1 bed, 2 baths
    Home size: 880 sq ft
    Lot size: 33,105 sqft
    Year built: 1965
    Days on market: 28
  21. 1 bed, 1 bath
    Home size: 858 sq ft
    Lot size: 13,939 sqft
    Year built: 1950
    Days on market: 29
  22. 2 beds, 2 baths
    Home size: 1,114 sq ft
    Lot size: 30,927 sqft
    Year built: 1982
    Days on market: 29
  23. 1 bed, 1 bath
    Home size: 701 sq ft
    Lot size: 7,405 sqft
    Year built: 1963
    Days on market: 30
  24. 1 bed, 1 bath
    Home size: 495 sq ft
    Year built: 1983
    Days on market: 32
  25. 1 bed, 1 bath
    Home size: 732 sq ft
    Lot size: 1.31 ac
    Year built: 1973
    Days on market: 36
  26. 3 beds, 2 baths
    Home size: 1,330 sq ft
    Lot size: 37,461 sqft
    Year built: 2001
    Days on market: 37
  27. 1 bed, 1 bath
    Home size: 536 sq ft
    Lot size: 22,215 sqft
    Year built: 1925
    Days on market: 37
  28. 2 beds, 2 baths
    Home size: 1,440 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
    Days on market: 37
  29. 2 beds, 2 baths
    Home size: 1,017 sq ft
    Lot size: 29,185 sqft
    Year built: 1990
    Days on market: 38
  30. 1 bed, 1 bath
    Home size: 702 sq ft
    Lot size: 7,405 sqft
    Year built: 1972
    Days on market: 38

See all Real estate in the 90802 zip code.
(all data current as of 7/21/2017)

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

Homes Recently Sold in Downtown Long Beach

  1. 1 bed, 1 bath
    Home size: 495 sq ft
    Lot size: 15,681 sqft
    Year built: 1983
  2. 2 beds, 2 baths
    Home size: 1,144 sq ft
    Lot size: 10,890 sqft
    Year built: 1969
  3. 1 bed, 1 bath
    Home size: 637 sq ft
    Lot size: 7,840 sqft
    Year built: 1954
  4. 2 beds, 1 bath
    Home size: 926 sq ft
    Lot size: 16,117 sqft
    Year built: 1928
  5. 1 bed, 1 bath
    Home size: 624 sq ft
    Lot size: 1.24 ac
    Year built: 1984
  6. 2 beds, 2 baths
    Home size: 945 sq ft
    Lot size: 29,185 sqft
    Year built: 1990
  7. 1 bed, 1 bath
    Home size: 600 sq ft
    Lot size: 2.76 ac
    Year built: 2004
  8. 1 bed, 1 bath
    Home size: 547 sq ft
    Lot size: 13,939 sqft
    Year built: 1978
  9. 2 beds, 2 baths
    Home size: 902 sq ft
    Lot size: 14,374 sqft
    Year built: 1990
  10. 1 bed, 1 bath
    Home size: 680 sq ft
    Lot size: 2.76 ac
    Year built: 2004
  11. 3 beds, 2 baths
    Home size: 1,670 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
  12. 0 beds, 1 bath
    Home size: 369 sq ft
    Lot size: 19,602 sqft
    Year built: 1923
  13. 3 beds, 1 bath
    Home size: 1,404 sq ft
    Lot size: 5,227 sqft
    Year built: 1924
  14. 2 beds, 1 bath
    Home size: 760 sq ft
    Lot size: 4,791 sqft
    Year built: 1955
  15. 1 bed, 1 bath
    Home size: 515 sq ft
    Lot size: 14,810 sqft
    Year built: 1965
  16. 3 beds, 3 baths
    Home size: 2,461 sq ft
    Lot size: 1.38 ac
    Year built: 2006
  17. 2 beds, 2 baths
    Home size: 1,070 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
  18. 2 beds, 2 baths
    Home size: 1,120 sq ft
    Year built: 2004
  19. 2 beds, 2 baths
    Home size: 989 sq ft
    Lot size: 22,215 sqft
    Year built: 1988
  20. 2 beds, 2 baths
    Home size: 1,068 sq ft
    Lot size: 2.76 ac
    Year built: 2004
  21. 2 beds, 2 baths
    Home size: 867 sq ft
    Lot size: 30,491 sqft
    Year built: 1986
  22. 1 bed, 1 bath
    Home size: 590 sq ft
    Lot size: 7,405 sqft
    Year built: 1924
  23. 2 beds, 2 baths
    Home size: 1,310 sq ft
    Lot size: 40,510 sqft
    Year built: 1990
  24. 1 bed, 1 bath
    Home size: 822 sq ft
    Lot size: 40,510 sqft
    Year built: 1990
  25. 0 beds, 1 bath
    Home size: 397 sq ft
    Lot size: 7,405 sqft
    Year built: 1955
  26. 1 bed, 1 bath
    Home size: 680 sq ft
    Lot size: 2.76 ac
    Year built: 2004
  27. 3 beds, 3 baths
    Home size: 1,296 sq ft
    Lot size: 3,484 sqft
    Year built: 1906
  28. 1 bed, 1 bath
    Home size: 880 sq ft
    Lot size: 33,105 sqft
    Year built: 1965
  29. 3 beds, 2 baths
    Home size: 1,319 sq ft
    Lot size: 435 sqft
    Year built: 2000
  30. 4 beds, 3 baths
    Home size: 4,340 sq ft
    Year built: 2006

See all Real estate in the 90802 zip code.
(all data current as of 7/21/2017)

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

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