90803 Real Estate Market Update

90803 Real Estate Market Update
October 2015

Long Beach real estate information for Belmont Shore, the Peninsula, Naples, Belmont Park, Belmont Heights, Spinnaker Bay and Cove, and Bay Harbour

 

The number of closed sales for single family homes in 90803 has skyrocketed over the past month jumping to a record high (and tying with June 2015) of 26 closed sales.

 

Most likely due to the high number of closed sales, the months supply of inventory for 90803 single family homes dropped this past month, landing at 3.9. This is 29.1% lower than the inventory levels last year.

 

The median sales price for single family homes in the area has jumped around this past year, but seems to be slightly leveling out for the time being. The median sales price is currently at $977,500, which is 16% lower than this time last year, when the median sales price was over $1.1 million.

 

The median number of days on market has also jumped around a lot this past year, with last month’s average landing at 69 days. This is a slight increase from August, but is still 11.5% lower than this time last year.

 

90803 Condo Sales

Closed sales on condos in the 90803 area have increased for the second month in a row. In September there were 21 closed sales, which is 40% higher than this time last year and the second highest month of 2015.

 

The median sales price for 90803 condos saw a few spikes so far this year, but only saw a slight increase this past month. The median sales price is currently at $449,900, which is 4.1% higher than September 2014.

 

The months supply of inventory has been declining since early this year, most likely due to the high number of sales. The inventory levels in September stayed consistent with August at 2.7, which is the lowest inventory level of 2015.

 

Curious how 90803 compares to the rest of Long Beach? Click here to find out!

Homes for Sale in 90803

$6,000,000
Single Family Home For Sale
Active
4
BED
6
TOTAL BATHS
5,557
SQFT
5455 E Sorrento Drive
Long Beach, CA 90803
Naples (NA) Subdivision
$5,900,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
5,070
SQFT
5565 Naples Canal
Long Beach, CA 90803
Naples (NA) Subdivision
$5,200,000
ResidentialIncome For Sale
Active
0.2916
ACRES
LOS ANGELES
COUNTY
154 Bennett Avenue
Long Beach, CA 90803
Belmont Heights (BH) Subdivision
$4,500,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
3,079
SQFT
15 Vista Del Golfo
Long Beach, CA 90803
Naples (NA) 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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