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Long Beach Real Estate Market Update – December 2014

Shannon Featured Articles

While November saw a downtrend in median sales price from October, home sales in Long Beach are still strong. The median single-family home price in Long Beach for November 2014 was $474,000, down from from $485,000 in October, according to the Multiple Listing Service (MLS). There is currently just over a two month supply of homes for sale in Long Beach. The average time on the market is 50 days, down from October, yet homes that are attractive and priced well frequently sell within the first few weeks. Here’s a look at the latest real estate statistics for Long Beach, CA:   If you are …

Long Beach real estate market update

Long Beach Real Estate Market Update – November 2014

Shannon Featured Articles

While October saw a downtrend in median sales price from September, home sales in Long Beach are still strong. The median home price in Long Beach for October 2014 was $487,000, down from from $509,500 in September, according to the Multiple Listing Service (MLS). A look at price trends and inventory shows that neighborhoods vary considerably. If you’re thinking of buying or selling or curious about your home’s current value, it’s important to be aware of the micro-trends that we’re seeing.

150 The Promenade, Long Beach CA

150 The Promenade N. #415

Shannon Featured Properties , Uncategorized

SOLD! MAKE YOUR OWN HISTORY IN THIS URBAN AERIE — Insulated from the downtown hubbub with double-paned windows and solidly built walls, you can choose to chill out on the large balcony and gaze at city lights and iconic architecture or put on your party pants and head out on foot to grab five-star food and lavish libations all within your city block. Built in 2008, beautiful condo in the modern-meets-industrial Pacifica building is filled with luminous light, 10-foot ceilings, bay windows, tile floors, recessed lighting, in-unit laundry, air conditioning, double sinks in the master, and TWO parking spaces! The …

Long Beach Real Estate Market Update – June 2014

Shannon Featured Articles

The real estate market continues to be hot in Long Beach. Long Beach home prices continued to appreciate in May and the inventory remained low. With interest rates remaining low, this is an ideal market to buy and sell. The median sales price in Long Beach in May was $480,000, up 6.9 percent from May 2013, according to Pacific West Association of Realtors (PWR). There is currently just over a two month supply of homes for sale in Long Beach, and the percent of original list price for homes that sold last month was 96.3%, compared to 99.7% in May 2013. …

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 …

What is your Long Beach home worth?

Shannon Featured Articles

Can you guess what your Long Beach home is worth? Prices in Long Beach CA went up more than 20 percent in 2013, and some neighborhoods increased more than others. Many people have a vague idea of what their home is worth. For an instant, 100 percent free valuation of your home simply click on the photo below and follow a few simple steps. An instant valuation of your home will give you a good idea of what your home might sell for in today’s market but is not a substitute for a comprehensive market evaluation by an experienced local …

Long Beach Real Estate Update – February 2014

Shannon Featured Articles , Real Estate

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Long Beach August 2013 Real Estate Market Statistics

Long Beach Real Estate Update – September 2013

Shannon Featured Articles

The Long Beach real estate market continues to be a strong seller’s market with high demand and reasonably low inventory. Currently, there is about a two month supply of Long Beach homes for sale. Meanwhile, even as local media reported that median home prices in Southern California levelled out last month, home prices in Long Beach jumped 31 percent between August 2012 and August 2013, up from $364,950 to $478,000. On average, sellers received 99.4 percent of list price for homes sold last month, up 1.7 percent from the year before. The average selling time in August 2013 was 52 days, down from 70 …

Lovely garden in Long Beach CA

Even in a Seller’s Market, Not All Homes Sell

Shannon Featured Articles , Selling a Home

Even in a seller’s market, NOT all homes sell, and the ones that do sell don’t all sell for top dollar. Last month, the average percent of list price received by Long Beach sellers was 100.4 percent of list price, compared to 97.4 percent the previous June, according to figures from the Multiple Listing Service (MLS). We had one listing that sold for 115 percent of list price but many sold for well below their listing price. What makes the difference between a home that sells quickly for top dollar and one that sits, languishing on the market? Pricing strategy …