90803 Real Estate Market Update

With prices up and inventory down, the fall housing market is a great time for home sellers in Belmont Shore, Belmont Park, Naples, the Peninsula and other areas in the 90803 area of Long Beach.

After taking a dip in August, prices have been on the rise for the past two months and ended October at 2.9% above the same time for the previous year.

The number of houses for sale in 90803 dipped again last month, falling to 16.5% below October 2014. There is currently a 4.4 month supply of houses for sale in 90803, which although a bit higher than for Long Beach overall is down from the previous month and from the same time last year.

On average, homes in 90803 sold for 95.7% of original list price.

Condos for Sale in Belmont Shore, Naples and Other 90803 Areas

As of October 2015, there were 28 condos for sale in 90803, down 6.7% from October 2014. This represents a 1.9 month supply.

The median sales price for condos in 90803 last month was $475,000 – up 36% from October 2014.

If you’re interested in buying or selling a home in 90803 or another area, we’d be happy to help. Please give us a call at 562.896.2456 or fill out the contact form at the bottom.

Homes For Sale In 90803

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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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