90803 Real Estate Market Update

shannonjones Buying a Home , Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

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

$4,495,000
Condo For Sale
Active Under Contract
7
BED
7
TOTAL BATHS
6,482
SQFT
15 38th Place
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
New Listing - 4 weeks online
$1,299,000
Condo For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
2,820
SQFT
40 65th Place
Long Beach, CA 90803
Peninsula (PI) Subdivision
$1,150,000
Condo For Sale
Active Under Contract
5
BED
2
TOTAL BATHS
1,974
SQFT
166 Park Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,050,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,510
SQFT
2999 E Ocean Boulevard #1640
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
New Listing - 2 weeks online
$439,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
867
SQFT
2662 E 2nd Street #C2
Long Beach, CA 90803
 
New Listing - 4 weeks online
$395,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
561
SQFT
6008 Bixby Village Drive #30
Long Beach, CA 90803
Other (OTHR) Subdivision

Condos for Sale in 90803

$4,495,000
Condo For Sale
Active Under Contract
7
BED
7
TOTAL BATHS
6,482
SQFT
15 38th Place
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
New Listing - 2 weeks online
$1,499,999
Condo For Sale
Active
5
BED
2
TOTAL BATHS
3,040
SQFT
2621 E 1st Street
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
$1,399,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,783
SQFT
6150 E Bayshore Walk #403
Long Beach, CA 90803
Peninsula (PI) Subdivision
$1,329,000
Condo For Sale
Active
4
BED
3
TOTAL BATHS
2,022
SQFT
5586 E Ocean Boulevard
Long Beach, CA 90803
Peninsula (PI) Subdivision
New Listing - 4 weeks online
$1,299,000
Condo For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
2,820
SQFT
40 65th Place
Long Beach, CA 90803
Peninsula (PI) Subdivision
$1,150,000
Condo For Sale
Active Under Contract
5
BED
2
TOTAL BATHS
1,974
SQFT
166 Park Avenue
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$1,050,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,510
SQFT
2999 E Ocean Boulevard #1640
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
$949,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,093
SQFT
5000 E 1st Street
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
$755,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,104
SQFT
103 Ravenna Drive #15
Long Beach, CA 90803
Naples (NA) Subdivision
New Listing - a week online
$699,999
Condo For Sale
Active
2
BED
1
TOTAL BATHS
870
SQFT
80 62nd Place #2A
Long Beach, CA 90803
Peninsula (PI) Subdivision
New Listing - 2 weeks online
$675,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,400
SQFT
6231 Marina Pacifica Drive N
Long Beach, CA 90803
Marina Pacifica (MRP) Subdivision
Price Change - yesterday
$639,000
Condo For Sale
Active
2
BED
3
TOTAL BATHS
1,574
SQFT
8206 Marina Pacifica
Long Beach, CA 90803
Belmont Shore (BSD) Subdivision
New Listing - 4 weeks online
$575,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
702
SQFT
3939 E Allin Street #101
Long Beach, CA 90803
Belmont Shore Condos (BSC) Subdivision
$539,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,121
SQFT
2302 E 2nd Street #2D
Long Beach, CA 90803
2nd Street East (SSE) Subdivision
New Listing - 2 weeks online
$530,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
873
SQFT
7140 Marina Pacifica Drive S
Long Beach, CA 90803
Marina Pacifica (MRP) Subdivision
New Listing - 3 weeks online
$515,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
672
SQFT
2601 E Ocean Boulevard #210
Long Beach, CA 90803
Belmont Heights (BH) Subdivision
New Listing - 4 weeks online
$490,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
880
SQFT
3529 E Broadway #8
Long Beach, CA 90803
Belmont Heights (BH) Subdivision
New Listing - 4 weeks online
$485,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,128
SQFT
2101 E 2nd Street #203
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
New Listing - 2 weeks online
$439,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
867
SQFT
2662 E 2nd Street #C2
Long Beach, CA 90803
 
New Listing - 4 weeks online
$419,000
Condo For Sale
Active
2
BED
1
TOTAL BATHS
836
SQFT
2105 E Ocean Boulevard #12
Long Beach, CA 90803
Bluff Park (BLF) Subdivision

Free Home Evaluation

The value of your home has most certainly changed since you bought it! Take a few seconds to fill out the form below and we'll prepare an expert market analysis of your home at no cost!
  • Tell us a little bit about your situation
  • Where is the property located?
  • Who can we contact with your completed market analysis?
About the Author
author photo