90804

90804 Market Update: August 2016

shannonjones Long Beach , Long Beach Condos , long beach homes , Real Estate Market Update , Rose Park Leave a Comment

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

$7,400,000
Multi-Family For Sale
Active
0.383
ACRES
LOS ANGELES
COUNTY
1751 Loma Avenue
Long Beach, CA 90804
Circle (CA) Subdivision
$5,250,000
Multi-Family For Sale
Active
0.27
ACRES
LOS ANGELES
COUNTY
1071 Junipero Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$4,275,000
Multi-Family For Sale
Active
0.21
ACRES
LOS ANGELES
COUNTY
1055 Newport Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
New Listing - 2 weeks online
$2,995,000
Multi-Family For Sale
Active
0.1607
ACRES
LOS ANGELES
COUNTY
2823 E 7th Street
Long Beach, CA 90804
Eastside (ES) Subdivision
$2,775,000
Multi-Family For Sale
Active
0.14
ACRES
LOS ANGELES
COUNTY
1054 Belmont Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$2,200,000
Multi-Family For Sale
Active
0.1919
ACRES
LOS ANGELES
COUNTY
1750 Newport Avenue
Long Beach, CA 90804
Circle (CA) Subdivision
$1,895,000
Multi-Family For Sale
Active
0.1498
ACRES
LOS ANGELES
COUNTY
843 Belmont Avenue
Long Beach, CA 90804
Belmont Heights (BH) Subdivision
$1,800,000
Multi-Family For Sale
Active
0.1298
ACRES
LOS ANGELES
COUNTY
746 Termino Avenue
Long Beach, CA 90804
Belmont Heights (BH) Subdivision
$1,675,000
Multi-Family For Sale
Active
0.1435
ACRES
LOS ANGELES
COUNTY
1065 Redondo Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$1,600,000
Multi-Family For Sale
Active
0.118
ACRES
LOS ANGELES
COUNTY
1490 Orizaba Avenue
Long Beach, CA 90804
Circle (CA) Subdivision
New Listing - 4 weeks online
$1,575,000
Multi-Family For Sale
Active Under Contract
0.0861
ACRES
LOS ANGELES
COUNTY
1021 Prospect Avenue
Long Beach, CA 90804
Alamitos Heights (AH) Subdivision
New Listing - 4 weeks online
$1,475,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,958
SQFT
785 Havana Avenue
Long Beach, CA 90804
Alamitos Heights (AH) Subdivision
$1,400,000
Multi-Family For Sale
Active
0.0921
ACRES
LOS ANGELES
COUNTY
4781 E Pacific Coast Highway
Long Beach, CA 90804
Eastside (ES) Subdivision
$1,349,000
Multi-Family For Sale
Active
0.156
ACRES
LOS ANGELES
COUNTY
4199 E Ransom Street
Long Beach, CA 90804
Circle (CA) Subdivision
$1,249,675
Single Family Home For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
3,383
SQFT
755 Havana Avenue
Long Beach, CA 90804
Alamitos Heights (AH) Subdivision
New Listing - 2 weeks online
$1,199,000
Multi-Family For Sale
Active
0.166
ACRES
LOS ANGELES
COUNTY
915 Temple Avenue
Long Beach, CA 90804
Wrigley Area (WR) Subdivision
$1,149,000
Multi-Family For Sale
Active
0.1343
ACRES
LOS ANGELES
COUNTY
1021 Bennett Avenue
Long Beach, CA 90804
Belmont Heights (BH) Subdivision
$1,125,000
Multi-Family For Sale
Active
0.0895
ACRES
LOS ANGELES
COUNTY
3506 E 10th Street
Long Beach, CA 90804
 
$1,100,000
Multi-Family For Sale
Active
0.1458
ACRES
LOS ANGELES
COUNTY
1140 Orizaba Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$1,029,000
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
1737 Gladys Avenue
Long Beach, CA 90804
Other (OTHR) Subdivision
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