90802 Market Update

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

With the exception of a few large fluctuations, home prices in 90802 have remained fairly constant in the past three years. A high peak of $912,000 occurred in August 2014. In February 2016 the median price of homes was $366,500. This is up just slightly from the month prior and up 4.7% from the year prior in February.

Active listings for single family homes for sale in 90802 have fluctuated a lot in the past three years. There were only five active listings in February 2016, but this is actually up 25% from February 2015.

Inventory in 90802 is low, but higher than Long Beach as a whole. Inventory was fairly balanced just a few months ago in January at 3.9 months. However, that number has since decreased. In February 2016 there was a 2.5 month supply of homes available. This reflects a 56.3% increase from the year prior in February.

Condominiums in 90802

The bulk of housing for sale in 90802 consists of condominiums. The median price of condos in 90802 has increased about $100,000 over the past three years. The median price reached a peak of $347,000 in January of this year and then dropped slightly last month. In February 2016, the median price of condos in 90802 was $335,000, which is up 21.6% from February 2015.

The number of active condo listings for sale in 90802 experienced a large surge in September 2014 but has declined significantly since then. In February 2016 there were 90 active listings.

The low number of active condo listings for sale in 90802 combined with relatively high demand translates into low inventory. In February 2016 there was a 2.2 month supply of condos on the market in 90802. A 4-6 month supply of homes is considered balanced between sellers and buyers so the current market strongly favors sellers.

Sellers Market

Inventory is low and demand is high in 90802. If you have been thinking about putting your home on the market in 90802, now is a great time!

90802 Homes in Escrow

$1,388,000
Multi-Family For Sale
Active Under Contract
0.1224
ACRES
LOS ANGELES
COUNTY
1719 E Florida Street
Long Beach, CA 90802
 
$1,300,000
ResidentialIncome For Sale
Active Under Contract
0.0863
ACRES
LOS ANGELES
COUNTY
1145 E 2nd Street
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 2 weeks online
$1,050,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,556
SQFT
1400 E Ocean Boulevard #2407
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$850,000
ResidentialIncome For Sale
Active Under Contract
0.075
ACRES
LOS ANGELES
COUNTY
541 Cerritos Avenue
Long Beach, CA 90802
 
New Listing - 2 weeks online
$829,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,293
SQFT
1400 E Ocean Boulevard #2208
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$715,000
Condo For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
1,528
SQFT
1901 E Ocean Boulevard #302
Long Beach, CA 90802
Bluff Park (BLF) Subdivision
$683,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,115
SQFT
388 E Ocean Boulevard #616
Long Beach, CA 90802
Downtown (DT) Subdivision
$599,000
Condo For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
1,570
SQFT
133 The Promenade N #103
Long Beach, CA 90802
Downtown (DT) Subdivision
$599,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
1,129
SQFT
100 W 5th Street #2J
Long Beach, CA 90802
Other (OTHR) Subdivision
$569,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,040
SQFT
411 W Seaside Way #505
Long Beach, CA 90802
Downtown (DT) Subdivision
$555,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,145
SQFT
1404 E 1st Street #1
Long Beach, CA 90802
Other (OTHR) Subdivision
$535,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,070
SQFT
400 W Ocean Boulevard #904
Long Beach, CA 90802
Downtown (DT) Subdivision
$527,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
868
SQFT
800 E Ocean Boulevard #902
Long Beach, CA 90802
Villa Riviera (VLR) Subdivision
Price Change - 4 weeks ago
$499,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
1,034
SQFT
1635 E Ocean Boulevard #3B
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 3 weeks online
$429,900
Condo For Sale
Active Under Contract
2
TOTAL BATHS
949
SQFT
315 W 3rd Street #807
Long Beach, CA 90802
Willmore District (WM) Subdivision
$425,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,068
SQFT
1054 E 2nd Street #302
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 4 weeks online
$405,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
884
SQFT
1273 E 1st Street #1
Long Beach, CA 90802
Other (OTHR) Subdivision
$399,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
904
SQFT
421 W 6th Street #108
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 3 weeks online
$399,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
884
SQFT
421 W 6th Street #203
Long Beach, CA 90802
 
$395,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
991
SQFT
628 Daisy Avenue #222
Long Beach, CA 90802
Downtown (DT) Subdivision

Homes for Sale in 90802

$2,100,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
2,810
SQFT
207 E Broadway #801
Long Beach, CA 90802
Downtown (DT) Subdivision
$1,465,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
1,764
SQFT
23 4th Place #3
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$1,199,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,259
SQFT
1400 E Ocean Boulevard #1305
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$1,189,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,970
SQFT
1000 E. Ocean #516
Long Beach, CA 90802
Other (OTHR) Subdivision
About the Author

Shannon Jones has been selling real estate since 1998 and specializes in listing and marketing homes. She has consistently been one of the top Realtors in the Long Beach area. Prior to her award-winning career in real estate with the Shannon jones Team, Shannon has had successful careers in journalism and public relations. She holds a bachelors degree from UC Irvine and a masters degree from UC Berkeley. Shannon holds E-Pro, CDPE (Certified Distressed Property Expert), and PSC (Pre-Foreclosure Specialist) certifications. Shannon is very personable and maintains a very strong moral compass, always putting the best interest of home buyers/sellers above monetary goals. A California native, Shannon enjoys gardening, travel, reading, cooking and poker when she’s not selling homes MY DESIGNATIONS Lic# 01247705 | CDPE (Certified Distressed Property Expert) | E-Pro | PSC (Pre-Foreclosure Specialist) MY SERVICE AREAS Anaheim Bellflower Buena Park Carson Cerritos Cypress Downey Fountain Valley Garden Grove Huntington Beach La Palma Lakewood Long Beach Los Alamitos Los Angeles County Norwalk Orange County Rossmoor San Pedro Seal Beach Signal Hill South Bay Westminster

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