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

Price Change - 3 weeks ago
$2,950,000
Condo For Sale
Active
5
BEDS
5
TOTAL BATHS
4,085
SQFT
11 Temple Avenue
Long Beach, CA 90803
 
$1,349,000
Condo For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,532
SQFT
5534 Azure Way
Long Beach, CA 90803
Spinnaker Cove (Sc) Subdivision
Price Change - 2 weeks ago
$1,050,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,356
SQFT
2601 E Ocean Boulevard #602
Long Beach, CA 90803
Versailles (Vrs) Subdivision
New Listing - a week online
$995,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,012
SQFT
2601 E Ocean Boulevard #809
Long Beach, CA 90803
Belmont Heights (Bh) Subdivision
$969,000
Condo For Sale
Pending
3
BEDS
3
TOTAL BATHS
2,159
SQFT
6001 Loynes Drive #48
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
New Listing - a week online
$950,000
Condo For Sale
Pending
3
BEDS
3
TOTAL BATHS
1,525
SQFT
110 Termino Avenue #304
Long Beach, CA 90803
Belmont Heights (Bh) Subdivision
$885,000
Condo For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,852
SQFT
6211 Marina Pacifica Drive
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
New Listing - 4 weeks online
$849,000
Condo For Sale
Pending
2
BEDS
3
TOTAL BATHS
1,400
SQFT
7329 Marina Pacifica Drive
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
New Listing - 5 days online
$849,000
Condo For Sale
Active
2
BEDS
3
TOTAL BATHS
1,575
SQFT
6320 S Marina Pacifica Drive #14
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
New Listing - 3 weeks online
$775,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,459
SQFT
3401 E 1st Street #5
Long Beach, CA 90803
Belmont Heights (Bh) Subdivision
New Listing - 4 weeks online
$750,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,194
SQFT
8311 Marina Pacifica Drive
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
$659,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,154
SQFT
3901 E Livingston Drive #304
Long Beach, CA 90803
Belmont Shore (Bsd) Subdivision
$599,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,147
SQFT
210 Grand Avenue #103
Long Beach, CA 90803
Other (Othr) Subdivision
New Listing - 4 weeks online
$587,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,143
SQFT
2100 E 2nd Street #403
Long Beach, CA 90803
 
$579,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,158
SQFT
2055 E Broadway #306
Long Beach, CA 90803
Other (Othr) Subdivision
$564,000
Condo For Sale
Pending
1
BED
1
TOTAL BATH
926
SQFT
6114 Marina Pacifica Drive
Long Beach, CA 90803
Marina Pacifica (Mrp) Subdivision
New Listing - 3 weeks online
$425,000
Condo For Sale
Pending
1
BED
1
TOTAL BATH
807
SQFT
3737 E 2nd Street #305
Long Beach, CA 90803
 
Open House Sat, Oct 23, 6 PM UTC
Please verify times due to COVID-19
$405,000
Condo For Sale
Active
1
BED
1
TOTAL BATH
875
SQFT
232 Junipero Avenue #F1
Long Beach, CA 90803
Belmont Heights (Bh) Subdivision
New Listing - 4 weeks online
$299,000
Condo For Sale
Pending
1
BED
1
TOTAL BATH
524
SQFT
2225 E 2nd Street #1
Long Beach, CA 90803
Other (Othr) 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 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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