90804 market update

90804 Market Update: June 2016

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June 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 22.5% higher in May 2016 than a year ago, but below the peaks that were experienced earlier this year. 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 May 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 May 2016 was 300% higher than the previous May.

The inventory of homes for sale is quite low in 90804. In May 2016 there was a 2.5 month supply of homes for sale, representing a 35.9% decline from the previous May. Such a market is strongly favorable for seller’s because demand outweighs supply.

Condominiums in 90804

The price of condominiums in 90804 jumped last month to its highest point in recent years. In May 2016, the median condo price in 90804 was $338,500, which reflects a 42.8% increase from a year ago in May.

There were 10 closed condominium sales in May 2016. Though slightly up from the month prior, closed sales are down 41.2% from May 2015, which could be a result of the low inventory.

Condominium inventory is very low in 90806. While a balanced market is considered 4-6 months, there was just a 1.5 month supply in May 2016. This is down 40% from the year prior in May.

Bottom Line

The real estate market in 90804 is prime for seller’s right now. With few homes on the market, there is a high demand from buyers. 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 Sold and Homes in Escrow in 90804

$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
$879,000
Single Family Home For Sale
Active Under Contract
4
BED
2
TOTAL BATHS
1,731
SQFT
1126 Umatilla Avenue
Long Beach, CA 90804
Other (OTHR) Subdivision
New Listing - 4 weeks online
$849,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
2,496
SQFT
3307 Ridge Park Court
Long Beach, CA 90804
Other (OTHR) Subdivision
$770,000
Land For Sale
Active Under Contract
0.237
ACRES
LOS ANGELES
COUNTY
2737 E 7th Street
Long Beach, CA 90804
Rossmoor Regency (RMR) Subdivision
Price Change - 4 days ago
$699,999
Multi-Family For Sale
Active Under Contract
0.1495
ACRES
LOS ANGELES
COUNTY
1145 Saint Louis Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$679,000
Multi-Family For Sale
Active Under Contract
0.0522
ACRES
LOS ANGELES
COUNTY
2101 E 17th Street
Long Beach, CA 90804
 
$665,000
Multi-Family For Sale
Active Under Contract
0.1492
ACRES
LOS ANGELES
COUNTY
3023 E Spaulding Street
Long Beach, CA 90804
Other (OTHR) Subdivision
$660,000
Multi-Family For Sale
Active Under Contract
0.1126
ACRES
LOS ANGELES
COUNTY
4141 E Wilton Street
Long Beach, CA 90804
Eastside (ES) Subdivision
New Listing - 4 weeks online
$639,999
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,181
SQFT
746 Dawson Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$615,900
Single Family Home For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
811
SQFT
1449 N Anaheim Place
Long Beach, CA 90804
Eastside (ES) Subdivision
New Listing - 4 weeks online
$614,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,020
SQFT
4324 E Wehrle Court
Long Beach, CA 90804
Circle (CA) Subdivision
$569,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
884
SQFT
3740 E Mayfield Street
Long Beach, CA 90804
Other (OTHR) Subdivision
Short Sale
$499,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
660
SQFT
4137 E Fountain Street
Long Beach, CA 90804
Circle (CA) Subdivision
$419,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,104
SQFT
3605 E Anaheim Street #215
Long Beach, CA 90804
Other (OTHR) Subdivision
New Listing - 2 weeks online
$415,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,114
SQFT
3605 E Anaheim Street #221
Long Beach, CA 90804
Eastside (ES) Subdivision
New Listing - 4 weeks online
$399,900
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,142
SQFT
1207 Obispo Avenue #204
Long Beach, CA 90804
Eastside (ES) Subdivision
$389,900
Condo For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
840
SQFT
1001 Belmont Avenue #319
Long Beach, CA 90804
Other (OTHR) Subdivision
$369,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
800
SQFT
3516 E Ransom Street #104
Long Beach, CA 90804
Circle (CA) Subdivision
$338,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
843
SQFT
1100 Euclid Avenue #207
Long Beach, CA 90804
Mystic Cove (MC) Subdivision

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