real estate market update

Real Estate Market Update – November 2016

shannonjones Featured Articles , Real Estate Leave a Comment

A Look at the Local and California Real Estate Market Statewide and locally, October’s real estate market showed healthy increases in median prices. Inventory remains extremely low, both statewide and in our local market. Statewide, the median price remained above the $500,000 mark for the seventh straight month, with little signs of slowing down. The median price of an existing, single-family detached home in California was up 1.2% in October to $513,520 from $507,260 in September. Since 2010, home price statewide have typically declined between September and October. The monthly price gain is an indication that demand remains unseasonably strong. …

90815 Market Update

90815 Market Update: October 2016

shannonjones Long Beach Real Estate , Los Altos Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90815 Market Update: Real Estate Statistics and Information for the 90815 Areas of Long Beach, CA Including the Neighborhoods of Los Altos, Park Estates, La Marina Estates, and other 90815 Areas of Long Beach The median home price in 90815 sat at $630,000 last month, showing a slight decline from August’s $650,000. While the last couple months have shown a small amount of loss, the pricing for this region is consistently pretty even with a slow but steady trend of growth. The number of closed sales in 90815 experienced a rise in September, going from 27 in August to 31. 2016 …

90814 Market Update

90814 Market Update: October 2016

shannonjones Long Beach Real Estate , Real Estate , Real Estate Market Update , Rose Park , Rose Park Neighborhood Leave a Comment

90814 Market Update: Real Estate Statistics and Information for the 90814 Areas of Long Beach, CA 90814 Market Update Includes the Neighborhoods of Carroll Park, Bluff Heights, Rose Park South, and Other 90814 Neighborhoods of Long Beach The median single family home price in 90814 has increased substantially in the last three years but continues to see-saw with rises and falls in the market. September 2016 was another period of growth, with the median home sale price at $882,500.  This is a 15.4% increase from the year prior. Historically, these prices saw another rise around November of 2015, and much of the …

90808 Market Update

90808 Market Update: October 2016

shannonjones Lakewood Village , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90808 Market Update October 2016: Real Estate Statistics and Information for the 90808 Areas of Long Beach, CA 90808 Market Update Includes the Neighborhoods of Carson Park, Plaza, Lakewood Village, and Old Lakewood City The median home price in 90808 is at $639,900, showing strong growth between August 2016 and September 2016. In comparison to last year, this is a 5.7% increase in home sale price. Close to the university as well as multiple freeways, the neighborhoods in this area had experienced a slowing of interest but appear to be picking back up. The median days on the market actually …

90807 Market Update

90807 Market Update: October 2016

shannonjones Bixby Knolls , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90807 Market Update October 2016: Real Estate Statistics and Information for the 90807 Areas of Long Beach, CA Including the Neighborhoods of California Heights, Bixby Knolls, Bixby Terrace, and Virginia Country Club In September, the median single family home price in 90807 was $637,000, which is just about an 18% growth from September 2015. The area tends to do well later in the year, so it would not be unheard of to see a couple months of growth continuing from here before following the usual winter drop off. The closing price of homes was typically 100% of the asking price in …

90806 Market Update

90806 Market Update: October 2016

shannonjones Long Beach Real Estate , Real Estate , Real Estate Market Update , Wrigley Leave a Comment

October 2016 Real Estate Market Update for the 90806 Area of Long Beach Including the neighborhood of Wrigley and the Surrounding Areas of 90806 Home prices continue to rise in 90806 as a trend, with September seeing some gains after a brief dip downward in August.  As of September 2016, the median price was $462,000, which marks a 14.8% rise from the same time last year. Historically, Wrigley does very well during the late fall, so we anticipate seeing another rise in the future as home sales continue. The number of new listings in 90806 increased in September, likely following the trend of …

90804 Market Update

90804 Market Update: October 2016

shannonjones Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

October 2016 Real Estate Market Update for the 90804 Area of Long Beach Including the neighborhoods of Rose Park and Traffic Circle Area The number of closed listings on the market for single family homes in the 90804 area took a substantial dive in the month of September, aligning with a decreased number of new available listings. With 3 closed sales, this is a 42% decrease from the year prior’s 7 closed sales. At first blush, this looks quite dire, but it follows a pattern that the region experiences periodically over the last three years. We lead with the number of sales …

Long Beach Market Update October 2016

Long Beach Market Update October 2016

shannonjones City of Long Beach , Featured Articles , Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

This Long Beach real estate market update for October 2016 shows that even though we’re heading into the holidays, the fall has been the strong market that we’ve anticipated. Cooling temperatures (and a few heat waves!) haven’t deterred the locals here in California from buying and selling. Single family homes saw an appreciation of value in Long Beach, with the median sales price hitting its highest mark in a three year history. At $600,000, homes in Long Beach show all the positive growth that has been forecasted for coastal regions in California. The number of new listings in Long Beach …

90815

90815 Market Update: August 2016

shannonjones Long Beach , Long Beach Real Estate , Los Altos Neighborhood , Real Estate Market Update Leave a Comment

90815 Market Update: Real Estate Statistics and Information for the 90815 Areas of Long Beach, CA Including the Neighborhoods of Los Altos, Park Estates, La Marina Estates, and other 90815 Areas of Long Beach The median home price in 90815 sat at $655,000 last month, showing some growth after a fairly steady spring and early summer. The price value peaked at $720,000 in February 2016, but in comparison to the same time last year, July’s values showed a 15.9% growth. Despite the occasional drop, property in this area continues to appreciate in value. The number of active homes available in …

90807

90807 Market Update: August 2016

shannonjones Bixby Knolls , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90807 Market Update: Real Estate Statistics and Information for the 90807 Areas of Long Beach, CA Including the Neighborhoods of California Heights, Bixby Knolls, Bixby Terrace, and Virginia Country Club Home prices in 90807 have been very volatile over the past several years, peaking in November 2015 at $692,000 and then experiencing periods of decline and growth going into July 2016. In July, the median home price in 90807 was $569,500, which is 8.7% below July 2015. If the area value continues to follow the growth pattern of the last three years, value may rise again in the coming months. The original …