real estate market update

April 2017 Real Estate Market Update

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The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand has continued to remain extremely strong so far this year. We can comfortably consider the first quarter to have been a good start …

Real estate in Long Beach

March Real Estate Market Update

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The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is easily outpacing seller activity in much of the country, culminating in relatively quick sales and low supply. Demand has remained strong so far this year. Unemployment has reached pre-recession levels, and Americans remain optimistic about finding quality employment. This matters …

seller's market

Spring Shaping Up to Be a Strong Seller’s Market

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Real Estate Market Road Signs Point to A Seller’s Market Homes sales were strong in Long Beach in January, with the median price of a single family home at $580,000, up 12.3% from January 2016. Total closed sides of single family homes in Long Beach were at 257 for the month, down 9.5% from January 2016. However, this may be in part a reflection of the extremely low inventory in the area. As of January 2017, there was just a 1.7 month supply of homes for sale, down 26.1% from the previous January. The low inventory combined with high demand …

rancho los cerritos

Rancho Los Cerritos and Its New Cottage

shannonjones Buying a Home , City of Long Beach , Featured Articles , Historic Buildings , Real Estate Leave a Comment

The end of 2016 saw a lot of beginnings and endings in Long Beach, with the prospect of a new development at Rancho Los Cerritos among them. Funded by a state matching grant, the historical rancho has submitted a proposal and been approved for an expansion of the property. The expansion will be in the form of a new 1930s style cottage to house some of their administrative needs and open more of the original building to display. While designs for the cottage have yet to be released and additional fundraising will be necessary to complete the project, the groundbreaking …

sell home

Why Sell My Home Now and Not Next Spring?

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As December rolls around, some would-be home sellers assume they’ve missed the opportunity to sell their home during the winter. “I guess I’ll have to wait to sell my home until the spring,” becomes the mantra for many. Yet does that really make sense? We know that the price of any item (including residential real estate) is determined by “supply and demand.” If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. Here’s the biggest reason to sell your home now: According to the National Association of Realtors …

Colorado Lagoon

Colorado Lagoon Restoration Project

Jon Levenson Belmont Heights , Belmont Shore , CA , California , City of Long Beach , Long Beach , Real Estate Leave a Comment

The lagoon is getting a facelift, but that’s not all… The Colorado Lagoon was once a flourishing part of the historic Los Cerritos Wetlands and remains a habitat for various animals and plants. Today, it’s surrounded by beautiful homes and parks and is a special haven for families and Long Beach locals. But you’ve probably noticed… something’s afoot at the lagoon. Despite so many drastic environmental changes over the years, the saltwater lagoon is still an important retreat to many fish and jellyfish and it’s a rest stop for all kinds of migrating birds year after year. Lately though, that natural scene has  been …

1818 E 8th Street Long Beach

New Listing and Price Adjustments

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New Spanish Style Listing Our newest listing, 1818 E 8th Street in Long Beach, will be open Saturday, November 19th from 1 p.m. to 4 p.m. Situated between the Rose Park and East Village areas, this charming Spanish style home is about a mile to the beach and convenient to the shops and restaurants of 4th Street Retro Row. With fresh paint inside and out, beautiful new landscaping, and a remodeled kitchen with quartz counters and crisp white cabinets, it is move-in ready. It’s loaded with vintage details like coved tray ceilings, a fabulous arch between the living and dining …

4427 Montair Avenue, Long Beach CA

Two New Listings & An Upcoming Event

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The Shannon Jones Team is excited about two new listings this week — a traditional home in Lakewood Village and a duplex in Riverside — as well as an upcoming event — a Morning with Santa. Read on for more details. 4427 Montair Avenue, Long Beach The first listing, 4427 Montair Avenue, is a great opportunity in Lakewood Village. This clean, original home sits on a huge lot in a great neighborhood with blue-ribbon skills and is ready for remodeling or adding on. At $549,000, it won’t last long so stop by and see it this weekend, Saturday or Sunday, November …

buy a home

Best Time of Year to Buy A Home

shannonjones Buying a Home , Featured Articles , Selling a Home Leave a Comment

Every year about this time, some home buyers and sellers throw in the towel. With short days and holidays around the corner, the prospect of buying a house may seem a bit daunting for some people. But for those who stick with it,  the prize can be so sweet: the perfect home of your dreams. At a fair price. And if you get started right away, you could buy a home and be in it by Christmas or Hanukkah. Year after year, closings in January have shown a slight dip in prices, suggesting that buyers who made offers in November or December got …

4113 E 10th Street #5 Long Beach CA

Long Beach Open Houses & Price Reduction

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2 Open Houses Plus A Price Reduction from The Shannon Jones Team We’re excited to announce our newest listing, which is a beautiful townhouse near Recreation Park. We’ll have an open house there Sunday, Oct. 30th, 1 to 4 p.m. as well as at a cute Spanish style home in West Long Beach. Additionally, be sure to check out the new price on 845 Obispo, a great vintage home in the Rose Park Historic District. 4113 E. 10th Street, #5 This two-story unit has what so many home buyers want: an efficient floor plan with light and bright spaces and elegant …