90802 market update

90802 Market Update

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

90802 Market Update: Real Estate Statistics and Information for the 90802 Areas of Long Beach, CA

Including the Neighborhoods of Downtown, East Village, and Alamitos Beach

The price of homes in 90802 have remained fairly consistent, with the exception of a major price surge in August 2014. At $291,000 in January 2016, the median price is 36% lower than the year prior in January. However, 90802 is a mostly condominium filled area of Long Beach so the number of condos sold in 90802 far exceeds single family homes sold.

In January 2016 there were seven active single family home listings and one closed sale. The number of active listings has fluctuated a lot in 90802. However, the market has way more active condominium listings.

After a dip in December, the inventory of single family homes in 90802 iincreased in January 2016, rising to a 3.9 month supply of homes on the market. This reflects a 95% increase from January 2015.

Condominiums in 90802

The price of condominiums in 90802 is higher than it’s been for several years. Since 2013, condominium prices have increased fairly steadily. In January 2016, the median price was $347,000, which reflects a 31.2% increase from the year prior in January. Just in the past two months, the median price increased from $290,000 to $347,000.

The number of active condo listings in 90802 is quite low. In January 2016 there were 89 active listings, down 21.2% from the year prior and at the lowest level since early 2013.

Coinciding with the low number of active listings, inventory is also very low. In January 2016, there was a 2.2 month supply of condos on the market in 90802, which reflects a 37.1% decrease from the year prior in January. Overall, inventory has not been this low since March 2013.

Bottom Line

The market is extremely competitive for those looking to buy a condominium in 90802. For sellers this means a high rate of return can be expected. If you are thinking about selling or buying a single family home in 90802, the market is quite balanced, meaning both sellers and buyers can benefit equally.

90802 Homes in Escrow

$1,500,000
For Sale
1115 E Broadway
Long Beach, CA 90802
Alamitos Beach (AB) - Active Under Contract
$1,250,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #201
Long Beach, CA 90802
Condo - Active Under Contract
$1,128,000
For Sale
1208 E Broadway
Long Beach, CA 90802
Alamitos Beach (AB) - Active Under Contract
New Listing - 3 days online
$929,000
For Sale
2
Beds
2
Baths
1,369
Sq Ft
850 E Ocean Boulevard #706
Long Beach, CA 90802
Condo - Active Under Contract
$925,000
For Sale
3
Beds
2
Baths
1,760
Sq Ft
400 W Ocean #1403
Long Beach, CA 90802
Condo - Active Under Contract
$775,000
For Sale
3
Beds
2
Baths
1,455
Sq Ft
1500 E Ocean Boulevard #615
Long Beach, CA 90802
Condo - Active Under Contract
$760,000
For Sale
1
Beds
1
Baths
1,017
Sq Ft
1310 E Ocean Boulevard #B33
Long Beach, CA 90802
Condo - Active Under Contract
Short Sale
$699,000
For Sale
2
Beds
2
Baths
1,660
Sq Ft
400 W Ocean Boulevard #1804
Long Beach, CA 90802
Condo - Active Under Contract
$649,000
For Sale
2
Beds
2
Baths
1,020
Sq Ft
388 E Ocean Boulevard #916
Long Beach, CA 90802
Condo - Active Under Contract
$635,000
For Sale
3
Beds
2
Baths
1,650
Sq Ft
1531 E Broadway
Long Beach, CA 90802
Single Family Home - Active Under Contract
$609,900
For Sale
1
Beds
1
Baths
986
Sq Ft
433 Pine Avenue #407
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - yesterday
$609,900
For Sale
1
Beds
1
Baths
987
Sq Ft
433 Pine Avenue #403
Long Beach, CA 90802
Condo - Active Under Contract
$602,900
For Sale
1
Beds
1
Baths
947
Sq Ft
433 Pine Avenue #408
Long Beach, CA 90802
Condo - Active Under Contract
$599,000
For Sale
1
Beds
1
Baths
907
Sq Ft
433 Pine Avenue #401
Long Beach, CA 90802
Condo - Active Under Contract
$568,000
For Sale
1
Beds
1
Baths
846
Sq Ft
1750 E Ocean Boulevard #610
Long Beach, CA 90802
Condo - Active Under Contract
$559,400
For Sale
1
Baths
1,421
Sq Ft
433 Pine Avenue #307
Long Beach, CA 90802
Condo - Active Under Contract
$559,000
For Sale
1
Beds
1
Baths
960
Sq Ft
1310 E Ocean Boulevard #104
Long Beach, CA 90802
Condo - Active Under Contract
$499,900
For Sale
2
Beds
1
Baths
761
Sq Ft
6 7th Place #J
Long Beach, CA 90802
Condo - Active Under Contract
$439,000
For Sale
2
Beds
2
Baths
1,119
Sq Ft
1919 E Beverly Way #309
Long Beach, CA 90802
Condo - Active Under Contract
$435,000
For Sale
2
Beds
2
Baths
1,261
Sq Ft
702 1st E #11
Long Beach, CA 90802
Own Your Own - Active Under Contract

Homes for Sale in 90802

$649,900
For Sale
3
Beds
2
Baths
1,920
Sq Ft
416 N Virginia Court
Long Beach, CA 90802
Single Family Residence - Active

90802 Condos in Escrow

$1,250,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #201
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 3 days online
$929,000
For Sale
2
Beds
2
Baths
1,369
Sq Ft
850 E Ocean Boulevard #706
Long Beach, CA 90802
Condo - Active Under Contract
$925,000
For Sale
3
Beds
2
Baths
1,760
Sq Ft
400 W Ocean #1403
Long Beach, CA 90802
Condo - Active Under Contract
$775,000
For Sale
3
Beds
2
Baths
1,455
Sq Ft
1500 E Ocean Boulevard #615
Long Beach, CA 90802
Condo - Active Under Contract
$760,000
For Sale
1
Beds
1
Baths
1,017
Sq Ft
1310 E Ocean Boulevard #B33
Long Beach, CA 90802
Condo - Active Under Contract
Short Sale
$699,000
For Sale
2
Beds
2
Baths
1,660
Sq Ft
400 W Ocean Boulevard #1804
Long Beach, CA 90802
Condo - Active Under Contract
$649,000
For Sale
2
Beds
2
Baths
1,020
Sq Ft
388 E Ocean Boulevard #916
Long Beach, CA 90802
Condo - Active Under Contract
$609,900
For Sale
1
Beds
1
Baths
986
Sq Ft
433 Pine Avenue #407
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - yesterday
$609,900
For Sale
1
Beds
1
Baths
987
Sq Ft
433 Pine Avenue #403
Long Beach, CA 90802
Condo - Active Under Contract
$602,900
For Sale
1
Beds
1
Baths
947
Sq Ft
433 Pine Avenue #408
Long Beach, CA 90802
Condo - Active Under Contract
$599,000
For Sale
1
Beds
1
Baths
907
Sq Ft
433 Pine Avenue #401
Long Beach, CA 90802
Condo - Active Under Contract
$568,000
For Sale
1
Beds
1
Baths
846
Sq Ft
1750 E Ocean Boulevard #610
Long Beach, CA 90802
Condo - Active Under Contract
$559,400
For Sale
1
Baths
1,421
Sq Ft
433 Pine Avenue #307
Long Beach, CA 90802
Condo - Active Under Contract
$559,000
For Sale
1
Beds
1
Baths
960
Sq Ft
1310 E Ocean Boulevard #104
Long Beach, CA 90802
Condo - Active Under Contract
$499,900
For Sale
2
Beds
1
Baths
761
Sq Ft
6 7th Place #J
Long Beach, CA 90802
Condo - Active Under Contract
$439,000
For Sale
2
Beds
2
Baths
1,119
Sq Ft
1919 E Beverly Way #309
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 3 weeks online
$410,000
For Sale
2
Beds
2
Baths
1,014
Sq Ft
1919 E Beverly Way #206
Long Beach, CA 90802
Condo - Active Under Contract
$395,000
For Sale
1
Beds
1
Baths
730
Sq Ft
2 3rd Place
Long Beach, CA 90802
Condo - Active Under Contract
$390,000
For Sale
2
Beds
1
Baths
952
Sq Ft
417 W 4th Street #F
Long Beach, CA 90802
Condo - Active Under Contract
$379,000
For Sale
2
Beds
2
Baths
906
Sq Ft
555 Maine Avenue #121
Long Beach, CA 90802
Condo - Active Under Contract

Condos for Sale in 90802

$1,390,000
For Sale
2
Beds
2
Baths
2,310
Sq Ft
488 E Ocean Boulevard #P14
Long Beach, CA 90802
Condo - Active
New Listing - 3 weeks online
$1,250,000
For Sale
2
Beds
2
Baths
1,587
Sq Ft
850 E Ocean #1604
Long Beach, CA 90802
Condo - Active
$1,250,000
For Sale
3
Beds
2
Baths
1,500
Sq Ft
1500 E Ocean Boulevard #201
Long Beach, CA 90802
Condo - Active Under Contract
$1,099,800
For Sale
2
Beds
2
Baths
1,259
Sq Ft
1400 E Ocean Boulevard #1205
Long Beach, CA 90802
Condo - Active
New Listing - 2 weeks online
$1,090,000
For Sale
3
Beds
2
Baths
1,760
Sq Ft
400 W Ocean Boulevard #2203
Long Beach, CA 90802
Condo - Active
$990,000
For Sale
2
Beds
2
Baths
1,377
Sq Ft
850 E Ocean Boulevard E #1403
Long Beach, CA 90802
Condo - Active
$989,900
For Sale
2
Beds
2
Baths
1,460
Sq Ft
400 W Ocean Boulevard #2901
Long Beach, CA 90802
Condo - Active
New Listing - 3 days online
$929,000
For Sale
2
Beds
2
Baths
1,369
Sq Ft
850 E Ocean Boulevard #706
Long Beach, CA 90802
Condo - Active Under Contract
$925,000
For Sale
3
Beds
2
Baths
1,760
Sq Ft
400 W Ocean #1403
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 6 days online
$899,000
For Sale
2
Beds
2
Baths
1,377
Sq Ft
850 E Ocean Boulevard #1203
Long Beach, CA 90802
Condo - Active
New Listing - a week online
$850,000
For Sale
2
Beds
2
Baths
1,542
Sq Ft
850 E Ocean Boulevard #911
Long Beach, CA 90802
Condo - Active
New Listing - 6 days online
$799,900
For Sale
2
Beds
2
Baths
1,313
Sq Ft
525 E Seaside Way #409
Long Beach, CA 90802
Condo - Active
New Listing - 2 weeks online
$789,000
For Sale
2
Beds
2
Baths
1,080
Sq Ft
700 E Ocean Boulevard #2405
Long Beach, CA 90802
Condo - Active
New Listing - yesterday
$780,000
For Sale
2
Beds
2
Baths
1,040
Sq Ft
411 Seaside
Long Beach, CA 90802
Condo - Active
$775,000
For Sale
3
Beds
2
Baths
1,455
Sq Ft
1500 E Ocean Boulevard #615
Long Beach, CA 90802
Condo - Active Under Contract
$760,000
For Sale
2
Beds
1
Baths
1,540
Sq Ft
1310 E Ocean Boulevard #607
Long Beach, CA 90802
Condo - Active
$760,000
For Sale
1
Beds
1
Baths
1,017
Sq Ft
1310 E Ocean Boulevard #B33
Long Beach, CA 90802
Condo - Active Under Contract
New Listing - 2 weeks online
$759,000
For Sale
2
Beds
1
Baths
1,080
Sq Ft
700 E Ocean Boulevard #3105
Long Beach, CA 90802
Condo - Active
$699,900
For Sale
3
Beds
2
Baths
1,260
Sq Ft
700 E Ocean Boulevard #808
Long Beach, CA 90802
Condo - Active
Short Sale
$699,000
For Sale
2
Beds
2
Baths
1,660
Sq Ft
400 W Ocean Boulevard #1804
Long Beach, CA 90802
Condo - Active Under Contract

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