90802 market update

90802 Market Update

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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

$2,200,000
For Sale
337 Atlantic Avenue
Long Beach, CA 90802
Alamitos Beach (AB) - Active Under Contract
$1,500,000
For Sale
1115 E Broadway
Long Beach, CA 90802
Alamitos Beach (AB) - Active Under Contract
$1,128,000
For Sale
1208 E Broadway
Long Beach, CA 90802
Alamitos Beach (AB) - 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
$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
$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
$444,900
For Sale
1
Beds
1
Baths
865
Sq Ft
800 E Ocean Boulevard #310
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
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
$405,000
For Sale
1
Baths
700
Sq Ft
800 E Ocean Boulevard E #1006
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

Homes 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
$1,350,000
For Sale
614 Lime Avenue
Long Beach, CA 90802
Townhouse - Active
New Listing - 2 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

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