90804 Market Update: June 2016

90804 market update

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

$2,495,000
ResidentialIncome For Sale
Active Under Contract
0.13
ACRES
LOS ANGELES
COUNTY
1133 Ohio Avenue
Long Beach, CA 90804
 
$1,799,000
ResidentialIncome For Sale
Active Under Contract
0.1498
ACRES
LOS ANGELES
COUNTY
843 Belmont Avenue
Long Beach, CA 90804
Alamitos Heights (AH) Subdivision
$1,149,000
ResidentialIncome For Sale
Active Under Contract
0.05
ACRES
LOS ANGELES
COUNTY
1534 Grand Avenue
Long Beach, CA 90804
 
$779,900
Single Family Home For Sale
Active Under Contract
4
BED
2
TOTAL BATHS
1,431
SQFT
4202 E 15th Street
Long Beach, CA 90804
Circle (CA) Subdivision
New Listing - 3 weeks online
$710,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,030
SQFT
789 Roswell Avenue
Long Beach, CA 90804
Circle (CA) Subdivision
New Listing - 2 weeks online
$699,900
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,039
SQFT
782 Belmont Avenue
Long Beach, CA 90804
 
$689,000
Townhouse For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
1,414
SQFT
1749 Grand Avenue #3
Long Beach, CA 90804
Eastside (ES) Subdivision
$489,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
592
SQFT
1377 Molino Avenue
Long Beach, CA 90804
Circle (CA) Subdivision
$459,988
Single Family Home For Sale
Active Under Contract
3
BED
1
TOTAL BATHS
883
SQFT
1468 Junipero Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
New Listing - 3 weeks online
$403,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,084
SQFT
3401 E Wilton Street #303
Long Beach, CA 90804
Other (OTHR) Subdivision
$360,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
750
SQFT
1100 Euclid Avenue #103
Long Beach, CA 90804
Circle (CA) Subdivision
$359,900
Single Family Home For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
480
SQFT
1322 Dawson Avenue
Long Beach, CA 90804
Other (OTHR) Subdivision
$345,000
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
694
SQFT
1061 Park Avenue #315
Long Beach, CA 90804
Parkview Terrace Manor (PTM) Subdivision
$345,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
842
SQFT
2507 E 15th Street #304
Long Beach, CA 90804
Signal View (SGV) Subdivision
Price Change - 3 weeks ago
$324,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
780
SQFT
3305 E Ransom Street #H
Long Beach, CA 90804
 
$315,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
842
SQFT
2343 E 17th Street #113
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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