Long Beach real estate market

Long Beach Real Estate Update – June 2015

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

Long Beach Real Estate Market Remains a “Seller’s Market” Potential home sellers take note: The real estate market in Long Beach is still a strong seller’s market. The inventory of homes for sale in May 2015 was down to a 2.2 month supply and the average sales price for a single family home was $588,640. The average price per square foot for homes sold in May 2015 was $399, up from $378 the previous month and from $362 a year ago. Condo prices have also been increasing, with the average sales price in May 2015 at $356,670. The average sales …

90804 real estate

90804 Real Estate Report May 2015

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

90804 real estate is hot right now. Single family home sales in 90804 were up last month to the highest level in the past three years. New listings were also slightly up, increasing the inventory of homes for sale in 90804 to a 3.2 month supply. That level of supply means the area is still experiencing what’s known as a “seller’s market.”     The median home sales price in 90804 in April 2015 was $467,950, up $83,950 from April 2014. Median home prices in 90804 remained a little lower than in Long Beach overall.   The average home sales …

Long Beach real estate

Long Beach Real Estate Market Update

shannonjones Real Estate Leave a Comment

Long Beach Real Estate Market Heats Up Home sales were up and the supply of homes for sale continued to decline last month in Long Beach.  Homes that are priced well, show well and are effectively marketed are selling very quickly and multiple offers are becoming more and more common. Closed sales hit their highest peak in Long Beach last month since October 2014, with 223 single family homes sold. We expect even more closed sales in the months to come since pending sales spiked significantly last month, up to 264 from 170 the previous month.   New listings in …

150 The Promenade, Long Beach CA

150 The Promenade N. #415

Shannon Featured Properties

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 …

Pricing Your Home

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 …

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 …