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

$1,299,900
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
$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
New Listing - a week online
$757,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
1,578
SQFT
835 Newport Avenue
Long Beach, CA 90804
Bellevue Heights Annex Subdivision
New Listing - 7 days online
$748,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,697
SQFT
1031 Termino Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
$699,000
Single Family Home For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,028
SQFT
1423 Newport Avenue
Long Beach, CA 90804
Circle (CA) Subdivision
$649,900
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,200
SQFT
1501 Termino Avenue
Long Beach, CA 90804
Circle (CA) Subdivision
$625,000
Condo For Sale
Active Under Contract
2
BED
3
TOTAL BATHS
1,414
SQFT
1749 Grand Avenue #10
Long Beach, CA 90804
Other (OTHR) Subdivision
$549,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
948
SQFT
790 Loma Avenue
Long Beach, CA 90804
Other - OTHR Subdivision
$549,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
962
SQFT
3824 E 11th Street
Long Beach, CA 90804
Eastside (ES) Subdivision
$499,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
835
SQFT
1605 Hile Avenue
Long Beach, CA 90804
Eastside (ES) Subdivision
New Listing - 4 weeks online
$379,000
Condo For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,000
SQFT
1509 Stanley Avenue #304
Long Beach, CA 90804
Other (OTHR) Subdivision
New Listing - 2 weeks online
$359,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
843
SQFT
1100 Euclid Avenue #314
Long Beach, CA 90804
Mystic Cove (MC) Subdivision
$317,500
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
758
SQFT
2309 E 17th Street #103
Long Beach, CA 90804
Circle (CA) Subdivision
$289,900
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
597
SQFT
5585 E Pacific Coast #158
Long Beach, CA 90804
Park Ocean (PO) Subdivision

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