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 …

long beach market update

Long Beach Market Update – March 2016

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Long Beach, CA Real Estate Statistics and Information Single Family Homes in Long Beach The median price of homes in Long Beach has increased substantially over the past three years. The rise has been slow and steady, reaching a peak of $567,000 in June 2015. In February 2016, the median price of homes in Long Beach was $555,500, which reflects a 11.4% increase from the prior February. Home prices tend to increase in the summer months so if you are thinking about buying a new home, it’s a good idea to get a head start now. The supply of homes …

housing forecast

Seasonality in Real Estate: How Weather and the Time of Year Affect Housing

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Thinking of buying or selling? Pay attention to the weather and time of year first. Understanding how weather and the time of year affect housing will help you make your best decision Weather and the time of year have a big impact on housing activity, and in every housing market there are times of the year when fewer homes sell. For most, that time of year coincides with the winter months, and in much of the U.S., that’s the case right now. But no matter where you live, it’s important to know how seasonality affects the housing market. So let’s look …

90806 market update

90806 Market Update

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90806 Market Update: Real Estate Statistics and Information for the 90806 Areas of Long Beach, CA Includes Real Estate Information for Wrigley and Surrounding Area of 90806 The median price of homes in 90806 is the highest it has been in several years. In January 2016 the median price was $459,500. This reflects a 28.3% increase from January 2015. The number of active listings on the market in 90806 is the lowest it has been in several years. The number has fluctuated quite a bit in the past few years and has been decreasing since October 2015. In January 2016 there …

90807 market update

90807 Market Update

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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 declining for the past two months. In January 2016, the median home price in 90807 was $520,000, which is 22.6% below January 2015. Median home prices in an area may vary in any given month depending on the number, size and type of homes that sell. Though home prices have decreased in …

90804 market update

90804 Market Update

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90804 Market Update: Real Estate Statistics and Information for the 90804 Areas of Long Beach, CA Including the neighborhoods of Rose Park and Traffic Circle Area With the exception of a peak of $575,000 in August 2015, home prices in 90804 are higher than they’ve been for several years. In January 2016, the median price of homes was $532,000, which reflects a 66.3% increase from the year prior in January. Last year, home prices surged in the summer months. If you are looking to buy a home in 90804 now is a good time to get a jump start. The …

90808 market update

90808 Market Update

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90808 Market Update: Real Estate Statistics and Information for the 90808 Areas of Long Beach, CA Including the Neighborhoods of Carson Park, Plaza, Lakewood Village, and Old Lakewood City Home prices in 90808 have steadily increased in recent years.  The median home price in 90808 peaked in September at $605,000 and has since decreased slightly to $595,000. However, that’s still up 12.3% from the year prior in January. Inventory of homes for sale in 90808 is on par with Long Beach as a whole – very low. As of January 2016, there was only a 1.2 month supply of homes …

long beach market update

Long Beach Market Update February 2016

Shannon Buying a Home , Featured Articles , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

Long Beach, CA Real Estate Statistics and Information   Single Family Homes in Long Beach Home prices in Long Beach are on the rise. Since 2013, the median sales price has steadily increased. California is a top destination for home buyers and Long Beach is no exception. The median sales price for homes in Long Beach was $518,00 in January 2016. This is up slightly from the year prior in January, but down from $556,500 in December 2015. The highest recent peak in home prices occurred in June 2015, which was $566,000. Summer months tend to result in more home …

Housing inventory declining

Housing Inventory Level Declining

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The housing inventory across the United States has been declining, making this ideal time for potential sellers to consider putting their home on the market. The price of any item is determined by the supply of that item, and the market demand. The National Association of Realtors (NAR) released their latest Existing Home Sales Report this week. Inventory Levels & Demand Amidst reporting on the fact that sales of existing homes rose 1.2% from January, and outpaced year-over-year figures for the fifth consecutive month, was the news that total unsold housing inventory is at 4.6-month supply. This is down 0.5% …