90802 Real Estate Market Update

Mid-Year 2015 Real Estate Review for 90802

Since the beginning of the year, average home sales prices in the 90802 area of Long Beach have slowly been on the rise, but the past couple months reversed that trend. Sales prices are averaging $273,000 in June 2015, which is down $59,000 from May and $80,000 from April 2015.

The monthly supply of inventory in June was up slightly from May, and is now at the same amount as in April of this year.

The number of closed sales is also on the rise. In June 2015, there were 6 closed sales, which is up from 5 in May and 3 in April. This, however, is still lower than June of last year, which had 8 closed sales.

The average percentage of original listing price to sales price has had quite a big jump. After the lowest numbers of 2015 recorded in May (at 89.6%), the average percentage is now back up to 96%.

Condo Sales Activity

Much of the downtown Long Beach housing  inventory consists of condominiums and the condo market has been very active so far in 2015 with sales steadily increasing and prices slowly trending up.

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90802 Homes for Sale

New Listing - 5 days online
$1,650,000
Condo For Sale
Active
2
BEDS
3
TOTAL BATHS
2,014
SQFT
1310 E Ocean Boulevard #1403
Long Beach, CA 90802
Other (Othr) Subdivision
New Listing - 3 weeks online
$1,400,001
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,540
SQFT
1310 E Ocean Boulevard #1506
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
Price Change - 2 weeks ago
$1,189,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,557
SQFT
1310 E Ocean Boulevard #606
Long Beach, CA 90802
Other (Othr) Subdivision
$999,900
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
2,147
SQFT
100 W 5th Street #3C
Long Beach, CA 90802
 
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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