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. 0 beds, 1 bath
    Home size: 290 sq ft
    Lot size: 13,036 sqft
    Year built: 1913
    Days on market: 4
  2. 0 beds, 1 bath
    Home size: 310 sq ft
    Lot size: 13,036 sqft
    Year built: 1913
    Days on market: 4
  3. 0 beds, 1 bath
    Home size: 250 sq ft
    Lot size: 13,036 sqft
    Year built: 1913
    Days on market: 4
  4. 0 beds, 1 bath
    Home size: 340 sq ft
    Lot size: 13,036 sqft
    Year built: 1913
    Days on market: 4
  5. 1 bed, 1 bath
    Home size: 702 sq ft
    Lot size: 7,570 sqft
    Year built: 1972
    Days on market: 4
  6. 0 beds, 1 bath
    Home size: 240 sq ft
    Lot size: 13,036 sqft
    Year built: 1913
    Days on market: 5
  7. 0 beds, 1 bath
    Home size: 340 sq ft
    Lot size: 13,036 sqft
    Year built: 1913
    Days on market: 5
  8. 2 beds, 2 baths
    Home size: 1,070 sq ft
    Lot size: 33,443 sqft
    Year built: 2007
    Days on market: 5
  9. 2 beds, 2 baths
    Home size: 1,081 sq ft
    Lot size: 7,570 sqft
    Year built: 1972
    Days on market: 5
  10. 2 beds, 2 baths
    Home size: 987 sq ft
    Lot size: 15,061 sqft
    Year built: 1964
    Days on market: 6
  11. 3 beds, 2 baths
    Home size: 1,260 sq ft
    Lot size: 33,206 sqft
    Year built: 1965
    Days on market: 7
  12. 2 beds, 3 baths
    Home size: 1,528 sq ft
    Lot size: 31,164 sqft
    Year built: 1992
    Days on market: 7
  13. 1 bed, 1 bath
    Home size: 601 sq ft
    Lot size: 15,792 sqft
    Year built: 1959
    Days on market: 8
  14. 1 bed, 1 bath
    Home size: 712 sq ft
    Lot size: 16,526 sqft
    Year built: 1977
    Days on market: 10
  15. 1 bed, 1 bath
    Home size: 635 sq ft
    Lot size: 20,545 sqft
    Year built: 1972
    Days on market: 10
  16. 1 bed, 1 bath
    Home size: 658 sq ft
    Lot size: 14,262 sqft
    Year built: 1959
    Days on market: 11
  17. 3 beds, 2 baths
    Home size: 1,500 sq ft
    Lot size: 19,363 sqft
    Year built: 2000
    Days on market: 13
  18. 1 bed, 1 bath
    Home size: 648 sq ft
    Lot size: 7,371 sqft
    Year built: 1922
    Days on market: 14
  19. 1 bed, 1 bath
    Home size: 730 sq ft
    Lot size: 14,255 sqft
    Year built: 1953
    Days on market: 14
  20. 1 bed, 1 bath
    Home size: 700 sq ft
    Lot size: 21,096 sqft
    Year built: 1922
    Days on market: 14
  21. 0 beds, 1 bath
    Home size: 392 sq ft
    Lot size: 7,503 sqft
    Year built: 1955
    Days on market: 15
  22. 2 beds, 2 baths
    Home size: 1,258 sq ft
    Lot size: 9,527 sqft
    Year built: 1982
    Days on market: 15
  23. 1 bed, 1 bath
    Home size: 695 sq ft
    Lot size: 9,808 sqft
    Year built: 1953
    Days on market: 18
  24. 2 beds, 2 baths
    Home size: 1,015 sq ft
    Lot size: 32,324 sqft
    Year built: 1984
    Days on market: 18
  25. 2 beds, 2 baths
    Home size: 930 sq ft
    Lot size: 14,255 sqft
    Year built: 1953
    Days on market: 19
  26. 1 bed, 2 baths
    Home size: 1,017 sq ft
    Lot size: 42,887 sqft
    Year built: 1984
    Days on market: 19
  27. 2 beds, 2 baths
    Home size: 1,550 sq ft
    Lot size: 42,887 sqft
    Year built: 1984
    Days on market: 22
  28. 2 beds, 2 baths
    Home size: 1,377 sq ft
    Year built: 1992
    Days on market: 25
  29. 1 bed, 1 bath
    Home size: 736 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Days on market: 25
  30. 1 bed, 1 bath
    Home size: 873 sq ft
    Lot size: 1.19 ac
    Year built: 1928
    Days on market: 26
  31. 2 beds, 2 baths
    Home size: 1,587 sq ft
    Lot size: 1.59 ac
    Year built: 1992
    Days on market: 26
  32. 2 beds, 2 baths
    Home size: 1,230 sq ft
    Lot size: 1.38 ac
    Year built: 2006
    Days on market: 26
  33. 2 beds, 1 bath
    Home size: 761 sq ft
    Lot size: 5,373 sqft
    Year built: 1954
    Days on market: 27
  34. 2 beds, 2 baths
    Home size: 960 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Days on market: 30
  35. 1 bed, 1 bath
    Home size: 485 sq ft
    Lot size: 1,444 sqft
    Year built: 1913
    Days on market: 32
  36. 3 beds, 2 baths
    Home size: 1,650 sq ft
    Lot size: 2,862 sqft
    Year built: 1913
    Days on market: 32
  37. 1 bed, 1 bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Days on market: 33
  38. 0 beds, 1 bath
    Home size: 480 sq ft
    Lot size: 20,908 sqft
    Year built: 1922
    Days on market: 34
  39. 3 beds, 1 bath
    Home size: 1,052 sq ft
    Lot size: 3,147 sqft
    Year built: 1918
    Days on market: 34
  40. 3 beds, 2 baths
    Home size: 1,310 sq ft
    Lot size: 14,495 sqft
    Year built: 1989
    Days on market: 35

See all Real estate in the 90802 zip code.
(all data current as of 10/17/2017)

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

Homes In Escrow in Downtown Long Beach

  1. 2 beds, 2 baths
    Home size: 874 sq ft
    Lot size: 7,500 sqft
    Year built: 1984
    Days on market: 13
  2. 2 beds, 2 baths
    Home size: 1,112 sq ft
    Lot size: 40,543 sqft
    Year built: 1990
    Days on market: 14
  3. 0 beds, 1 bath
    Home size: 472 sq ft
    Lot size: 7,371 sqft
    Year built: 1922
    Days on market: 15
  4. 1 bed, 1 bath
    Home size: 827 sq ft
    Lot size: 1.02 ac
    Year built: 1975
    Days on market: 17
  5. 1 bed, 1 bath
    Home size: 910 sq ft
    Lot size: 1.38 ac
    Year built: 2006
    Days on market: 18
  6. 2 beds, 2 baths
    Home size: 908 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Days on market: 20
  7. 1 bed, 1 bath
    Home size: 711 sq ft
    Lot size: 29,224 sqft
    Year built: 1984
    Days on market: 20
  8. 1 bed, 1 bath
    Home size: 847 sq ft
    Lot size: 6,724 sqft
    Year built: 1952
    Days on market: 20
  9. 1 bed, 1 bath
    Home size: 817 sq ft
    Lot size: 8,344 sqft
    Year built: 1978
    Days on market: 25
  10. 2 beds, 2 baths
    Home size: 1,020 sq ft
    Lot size: 2.77 ac
    Year built: 2004
    Days on market: 26
  11. 2 beds, 2 baths
    Home size: 1,066 sq ft
    Year built: 1989
    Days on market: 27
  12. 1 bed, 1 bath
    Home size: 632 sq ft
    Lot size: 14,262 sqft
    Year built: 1959
    Days on market: 28
  13. 2 beds, 2 baths
    Home size: 1,014 sq ft
    Lot size: 34,848 sqft
    Year built: 1990
    Days on market: 28
  14. 1 bed, 1 bath
    Home size: 779 sq ft
    Lot size: 24,829 sqft
    Year built: 1969
    Days on market: 29
  15. 2 beds, 2 baths
    Home size: 1,700 sq ft
    Lot size: 1.38 ac
    Year built: 2007
    Days on market: 32
  16. 2 beds, 2 baths
    Home size: 906 sq ft
    Lot size: 1.24 ac
    Year built: 1991
    Days on market: 33
  17. 2 beds, 2 baths
    Home size: 848 sq ft
    Lot size: 21,344 sqft
    Year built: 1990
    Days on market: 33
  18. 1 bed, 1 bath
    Home size: 806 sq ft
    Lot size: 14,280 sqft
    Year built: 1954
    Days on market: 35
  19. 1 bed, 1 bath
    Home size: 908 sq ft
    Lot size: 40,510 sqft
    Year built: 1990
    Days on market: 35
  20. 2 beds, 2 baths
    Home size: 945 sq ft
    Lot size: 29,185 sqft
    Year built: 1990
    Days on market: 37
  21. 2 beds, 1 bath
    Home size: 1,358 sq ft
    Lot size: 16,117 sqft
    Year built: 1928
    Days on market: 39
  22. 1 bed, 1 bath
    Home size: 703 sq ft
    Lot size: 19,945 sqft
    Year built: 1923
    Days on market: 40
  23. 1 bed, 1 bath
    Home size: 980 sq ft
    Lot size: 33,105 sqft
    Year built: 2007
    Days on market: 42
  24. 2 beds, 2 baths
    Home size: 906 sq ft
    Lot size: 1.25 ac
    Year built: 1991
    Days on market: 42
  25. 1 bed, 1 bath
    Home size: 730 sq ft
    Lot size: 22,563 sqft
    Year built: 1958
    Days on market: 42
  26. 1 bed, 1 bath
    Home size: 587 sq ft
    Lot size: 15,951 sqft
    Year built: 1983
    Days on market: 49
  27. 2 beds, 2 baths
    Home size: 1,128 sq ft
    Year built: 1974
    Days on market: 50
  28. 1 bed, 1 bath
    Home size: 594 sq ft
    Lot size: 10,890 sqft
    Year built: 1955
    Days on market: 52
  29. 2 beds, 1 bath
    Home size: 850 sq ft
    Lot size: 8,259 sqft
    Year built: 1954
    Days on market: 57
  30. 2 beds, 2 baths
    Home size: 1,135 sq ft
    Lot size: 31,304 sqft
    Year built: 1982
    Days on market: 60

See all Real estate in the 90802 zip code.
(all data current as of 10/17/2017)

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

Homes Recently Sold in Downtown Long Beach

  1. 2 beds, 2 baths
    Home size: 957 sq ft
    Lot size: 32,280 sqft
    Year built: 1987
  2. 1 bed, 1 bath
    Home size: 680 sq ft
    Lot size: 2.77 ac
    Year built: 2004
  3. 2 beds, 2 baths
    Home size: 957 sq ft
    Lot size: 8,226 sqft
    Year built: 1959
  4. 2 beds, 2 baths
    Home size: 963 sq ft
    Lot size: 30,775 sqft
    Year built: 1986
  5. 2 beds, 2 baths
    Home size: 1,313 sq ft
    Lot size: 40,543 sqft
    Year built: 1990
  6. 2 beds, 2 baths
    Home size: 963 sq ft
    Lot size: 14,263.00 ac
    Year built: 1959
  7. 1 bed, 1 bath
    Home size: 656 sq ft
    Lot size: 7,499 sqft
    Year built: 1962
  8. 0 beds, 1 bath
    Home size: 426 sq ft
    Lot size: 7,476 sqft
    Year built: 1923
  9. 1 bed, 1 bath
    Home size: 600 sq ft
    Lot size: 2.77 ac
    Year built: 2004
  10. 1 bed, 1 bath
    Home size: 1,192 sq ft
    Lot size: 15,027 sqft
    Year built: 1925
  11. 2 beds, 2 baths
    Home size: 970 sq ft
    Lot size: 34,314 sqft
    Year built: 2008
  12. 2 beds, 2 baths
    Home size: 1,377 sq ft
    Lot size: 1.59 ac
    Year built: 1992
  13. 1 bed, 1 bath
    Home size: 540 sq ft
    Lot size: 5,373 sqft
    Year built: 1954
  14. 3 beds, 3 baths
    Home size: 1,420 sq ft
    Lot size: 32,245 sqft
    Year built: 1990
  15. 1 bed, 2 baths
    Home size: 839 sq ft
    Lot size: 30,537 sqft
    Year built: 2004
  16. 1 bed, 1 bath
    Home size: 881 sq ft
    Lot size: 1.59 ac
    Year built: 1992
  17. 1 bed, 2 baths
    Home size: 1,111 sq ft
    Year built: 1928
  18. 2 beds, 1 bath
    Home size: 958 sq ft
    Lot size: 10,760 sqft
    Year built: 1921
  19. 1 bed, 1 bath
    Home size: 712 sq ft
    Lot size: 16,526 sqft
    Year built: 1977
  20. 2 beds, 2 baths
    Home size: 1,001 sq ft
    Year built: 1958
  21. 1 bed, 1 bath
    Home size: 654 sq ft
    Lot size: 16,547 sqft
    Year built: 1958
  22. 1 bed, 1 bath
    Home size: 680 sq ft
    Lot size: 3.10 ac
    Year built: 2004
  23. 1 bed, 1 bath
    Home size: 617 sq ft
    Lot size: 7,371 sqft
    Year built: 1922
  24. 1 bed, 1 bath
    Home size: 671 sq ft
    Lot size: 7,371 sqft
    Year built: 1922
  25. 2 beds, 1 bath
    Home size: 818 sq ft
    Lot size: 2.19 ac
    Year built: 1985
  26. 2 beds, 2 baths
    Home size: 913 sq ft
    Lot size: 1.24 ac
    Year built: 1984
  27. 2 beds, 2 baths
    Home size: 955 sq ft
    Lot size: 8,995 sqft
    Year built: 1984
  28. 2 beds, 2 baths
    Home size: 1,352 sq ft
    Lot size: 32,280 sqft
    Year built: 1987
  29. 1 bed, 1 bath
    Home size: 403 sq ft
    Lot size: 14,924 sqft
    Year built: 1955
  30. 1 bed, 2 baths
    Home size: 880 sq ft
    Lot size: 33,206 sqft
    Year built: 1965

See all Real estate in the 90802 zip code.
(all data current as of 10/17/2017)

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

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