90804 Market Update: August 2016

90804

August 2016 Real Estate Market Update for the 90804 Area of Long Beach

Including the neighborhoods of Rose Park and Traffic Circle Area

The median home price in 90804 was 38.1% higher in July 2016 than a year ago, and marks a new high in a three year period. Home prices have fluctuated in the area, but the general trend appears to be an increase.

There were 12 closed home sales in 90804 in July 2016. Though there were just two closed sales in February, since then the number has climbed substantially. While the number of closed sales have fluctuated a lot in recent years, the number of closed sales in July 2016 was 33.3% increase from the previous July.

The inventory of homes for sale has increased in 90804, likely due to increasing property value. In July 2016 there was a 3.5 month supply of homes for sale, representing a 6.3% increase from the previous year. The market in these neighborhoods tends to fluctuate strongly, so we may see another decrease occur soon as seen in the fall of 2015.

Condominiums in 90804

The price of condominiums in 90804 increased from June to July of 2016. The median condo price in July was $305,000, which reflects the same value as July of last year. However, overall value continues to trend upwards with spikes in value.

There were 9 closed condominium sales in June 2016. Low inventory in the area may indicate that there simply were fewer homes for buyers to close on. An increase in properties towards the end of July will open the door for more potential closed sales.

Condominiums for sale in this area have seen a reduced number of days on the market from June to July 2016 at 44 days, indicating new listings are going quickly. This is surprisingly still 7.3% faster than the previous year, which took 41 days on average.

Bottom Line

Despite a brief slowing of sales, the 90804 area continues to exhibit strong sales and real estate appreciation in the greater Long Beach area. With few homes on the market, there is a high demand from buyers for this increasingly trendy neighborhood. If you’re thinking about putting your home on the market, give us a call or fill out the form and we’d be happy to help!

Homes Recently Sold in 90804

$5,495,000
Multi-Family For Sale
Pending
10,925
SQFT
4117 E 7th Street
Long Beach, CA 90804
Belmont Heights (Bh) Subdivision
New Listing - 4 weeks online
$3,275,000
Multi-Family For Sale
Pending
8,013
SQFT
1042 Molino Avenue
Long Beach, CA 90804
Circle (Ca) Subdivision
$2,999,000
Multi-Family For Sale
Active
4,951
SQFT
4104 4108 E 7th Street
Long Beach, CA 90804
Other (Othr) Subdivision
New Listing - 6 days online
$2,000,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,593
SQFT
1000 Santiago Avenue
Long Beach, CA 90804
Alamitos Heights (Ah) Subdivision
New Listing - 3 weeks online
$2,000,000
Multi-Family For Sale
Active
3,918
SQFT
932 Temple Avenue
Long Beach, CA 90804
Other (Othr) Subdivision
$1,400,000
Multi-Family For Sale
Active
2,613
SQFT
1525 Obispo Avenue
Long Beach, CA 90804
Eastside (Es) Subdivision
$1,359,999
Multi-Family For Sale
Pending
2,370
SQFT
4030 E Ransom Ave
Long Beach, CA 90804
Circle (Ca) Subdivision
$1,333,000
Multi-Family For Sale
Pending
2,638
SQFT
732 Redondo Avenue
Long Beach, CA 90804
Alamitos Beach (Ab) Subdivision
$1,295,000
Multi-Family For Sale
Active
2,491
SQFT
3621 E 7th Street
Long Beach, CA 90804
Other (Othr) Subdivision
$1,275,000
Multi-Family For Sale
Pending
2,366
SQFT
2311 E 11th Street
Long Beach, CA 90804
Eastside (Es) Subdivision
$1,250,000
Multi-Family For Sale
Active
2,060
SQFT
917 Loma Avenue
Long Beach, CA 90804
Eastside (Es) Subdivision
New Listing - 3 weeks online
$1,200,000
Multi-Family For Sale
Active
2,600
SQFT
1150 Raymond Avenue
Long Beach, CA 90804
Other (Othr) Subdivision
$1,200,000
Multi-Family For Sale
Pending
3,854
SQFT
1116 Orizaba Avenue
Long Beach, CA 90804
Eastside (Es) Subdivision
$1,150,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,117
SQFT
1016 Grand Avenue
Long Beach, CA 90804
Alamitos Heights (Ah) Subdivision
New Listing - 2 weeks online
$1,125,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,301
SQFT
3375 Ridge Park Court
Long Beach, CA 90804
 
New Listing - 4 weeks online
$999,999
Multi-Family For Sale
Active
2,148
SQFT
1382 Molino Avenue
Long Beach, CA 90804
Eastside (Es) Subdivision
$998,000
Single Family Home For Sale
Pending
4
BEDS
4
TOTAL BATHS
2,496
SQFT
3357 Ridge Park Court
Long Beach, CA 90804
Other (Othr) Subdivision
New Listing - yesterday
$900,000
Single Family Home For Sale
Pending
2
BEDS
1
TOTAL BATH
896
SQFT
1206 Roswell Avenue
Long Beach, CA 90804
Eastside (Es) Subdivision
$899,000
Multi-Family For Sale
Active
1,829
SQFT
1630 Loma Avenue
Long Beach, CA 90804
Circle (Ca) Subdivision
$864,000
Single Family Home For Sale
Active
5
BEDS
2
TOTAL BATHS
2,035
SQFT
2160 E 15th Street
Long Beach, CA 90804
 
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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