90803 Real Estate Market Update

January 2016 Real Estate Market Update for the 90803 Area of Long Beach, CA

90803 Real Estate Statistics and Information

Including the Neighborhoods of Belmont Shore, Belmont Park, Belmont Heights, Naples, the Peninsula, Bluff Park, Bluff Heights, Spinnaker, Bay and Cove, University Park Estates, and Bixby Village

Home prices in 90803 have shown periods of significant change since 2012, but the general trend shows that prices are rising. From December 2014 to December 2015, median home prices in 90803 increased just slightly. In December 2015, the median price of homes was $1,010,000, up 6.3% higher than in December 2014. Compared to home prices three years ago, this is a substantial increase.

While the median home price in 90803 increases slightly, the median price per square foot decreased slightly. In December 2015, the price per square foot averaged $524, down 2.6%  from December 2014.

There has been a dramatic decline in the supply of homes for sale in 90803 since 2012. Three years ago, the supply of homes on the market was close to seven months. In December 2015, the supply of homes was 3.9 months, which 11.4% below December 2014. Though there has been a dramatic decline in the past three years, the current inventory represents a relatively balanced market compared to many areas of Long Beach.

Condominiums in 90803

The supply of condominiums in the 90803 area is extremely tight.  In December 2015, the inventory was 1.3 months, which reflects a 53.6% decline from December 2014.

Like home prices, the median condo price in 90803 also increased slightly in the past year and maintained an overall increasing trend since 2012. In December 2015, the median sales price was $403,750, up 11.8% from the previous year in December.

Now is a great time for both sellers and buyers!

Based on the low inventory of homes, now is an especially good time for condominium owners to put their condo on the market. For buyers and sellers, the housing market is fairly balanced based on the supply of homes. If you’d like to know what your home is worth, fill out the form below and we’d be happy to provide you with a report.

Homes Under Contract in 90803

No Results Found.

Homes for Sale in 90803

No Results Found.

Condos Under Contract in 90803

No Results Found.

Condos for Sale in 90803

New Listing - 2 weeks online
$1,079,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,118
SQFT
5400 E The Toledo #610
Long Beach, CA 90803
Portofino (Por) Subdivision
New Listing - 2 weeks online
$980,000
Condo For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,769
SQFT
5412 Heron Bay
Long Beach, CA 90803
Spinnaker Cove (Sc) Subdivision
New Listing - 2 weeks online
$975,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,510
SQFT
2999 E Ocean Boulevard #940
Long Beach, CA 90803
The Galaxy Towers (Tgt) Subdivision
New Listing - yesterday
$899,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,095
SQFT
5400 E The Toledo #301
Long Beach, CA 90803
Naples (Na) Subdivision
New Listing - 4 weeks online
$800,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,118
SQFT
5400 E The Toledo #210
Long Beach, CA 90803
Naples (Na) Subdivision
New Listing - 2 weeks online
$799,900
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,004
SQFT
2601 E Ocean Boulevard #609
Long Beach, CA 90803
Versailles (Vrs) Subdivision
New Listing - 5 days online
$739,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,194
SQFT
9336 Marina Pacifica Drive #Key 1
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
$725,000
Condo For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,746
SQFT
5211 Marina Pacifica Drive
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
New Listing - 2 weeks online
$711,800
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,298
SQFT
2662 E 2nd Street #G2
Long Beach, CA 90803
Bluff Park (Blf) Subdivision
New Listing - 4 days online
$699,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,357
SQFT
2131 E 1st Street #207
Long Beach, CA 90803
Belmont Shore (Bsd) Subdivision
New Listing - 2 weeks online
$639,900
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,121
SQFT
2302 E 2nd Street #3D
Long Beach, CA 90803
Bluff Park (Blf) Subdivision
New Listing - 2 weeks online
$630,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,284
SQFT
2662 E 2nd Street #H2
Long Beach, CA 90803
Bluff Park (Blf) Subdivision
New Listing - 3 weeks online
$629,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,058
SQFT
2772 E 2nd Street #3G
Long Beach, CA 90803
Other (Othr) Subdivision
New Listing - 3 days online
$608,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,208
SQFT
232 Junipero Avenue #A1
Long Beach, CA 90803
Other (Othr) Subdivision
New Listing - 23 hours online
$599,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,266
SQFT
3101 E 2nd Street #9B
Long Beach, CA 90803
Other (Othr) Subdivision
$595,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,156
SQFT
2055 E Broadway #301
Long Beach, CA 90803
 
New Listing - 4 weeks online
$585,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
946
SQFT
4550 E Broadway #7
Long Beach, CA 90803
Belmont Heights (Bh) Subdivision
New Listing - 6 days online
$584,900
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,060
SQFT
2101 E 2nd Street #405
Long Beach, CA 90803
Bluff Park (Blf) Subdivision
Price Change - 2 weeks ago
$559,999
Condo For Sale
Pending
1
BED
1
TOTAL BATH
926
SQFT
6106 Marina Pacifica Drive
Long Beach, CA 90803
 
Open House Sat, Aug 7, 8 PM UTC
Please verify times due to COVID-19
$549,999
Condo For Sale
Coming Soon
2
BEDS
2
TOTAL BATHS
1,026
SQFT
282 Redondo Avenue #307
Long Beach, CA 90803
Belmont Heights (Bh) 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 bachelor's degree from UC Irvine and a master's 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)

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