90804 september

90804 Market Update: September 2016

shannonjones Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update , Rose Park Leave a Comment

September 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 took a little dip from July  to August, with the average single family home costing $518,000. This is also a 9.9% decrease from the year following in August 2015. Housing in this area still remains strongly desirable in Long Beach, with great walkability and local resources, so if you’ve been eyeing this area as a buyer, it’s a good time to check out what’s available. The general trend for 90804 overall is of positive growth for home prices.

The median days that a house spent on the market was very low in August, sitting at 16 days on average. This indicates that the houses that listed towards the end of July and in August 2016 were quick to find buyers. In comparison to last August’s 37 day average, this is a substantial difference in interest.

The inventory of homes for sale has increased in 90804, likely due to the increased property value in July. In August 2016 there was a 4.2 month supply of homes for sale, which makes it a seller’s market but more fairly balanced towards a buyer than is typical. 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 decreased from July to August of 2016. The median condo price in July was $299,900, which reflects a higher value than August of last year by 5.8%. However, overall value continues to trend upwards with spikes in value.

There were 11 closed condominium sales in August 2016. The generally low inventory in the area for condominiums indicates there was stronger interest in August than July, but is still fairly middle ranged in comparison to the last three years.

Condominiums for sale in this area are low in supply, with only a 2.5 month supply overall. While this has increased since a low point in March 2016, the overall quantity is very low and marks a seller’s market even with a little extra competition.

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!

Recent Sales in 90804

New Listing - 2 weeks online
$4,295,000
Multi-Family For Sale
Active
0.1705
ACRES
LOS ANGELES
COUNTY
394 Coronado Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
$1,649,999
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
437 Newport Avenue
Long Beach, CA 90814
Belmont Park (BP) Subdivision
Open House 10/13 at 1PM
$1,499,000
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
434 Newport Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
New Listing - 3 weeks online
$1,395,000
Multi-Family For Sale
Active
0.1216
ACRES
LOS ANGELES
COUNTY
2122 E 6th Street
Long Beach, CA 90814
Alamitos Beach (AB) Subdivision
Open House 10/13 at 1PM
$1,125,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,588
SQFT
306 Ultimo Avenue
Long Beach, CA 90814
Alamitos Heights (AH) Subdivision
Open House 10/13 at 10AM
$1,100,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,697
SQFT
4127 E Colorado Street
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
$1,060,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,487
SQFT
5729 Avenida Estoril
Long Beach, CA 90814
Del Lago (DL) Subdivision
$994,500
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
2255 E 6th Street
Long Beach, CA 90814
Junipero Gardens (JPG) Subdivision
$950,000
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
658 Coronado Avenue
Long Beach, CA 90814
 
Open House 10/13 at 1PM
$889,000
Single Family Home For Sale
Active
2
BED
2
TOTAL BATHS
1,534
SQFT
381 Flint Ave.
Long Beach, CA 90814
Alamitos Heights (AH) Subdivision
Price Change - a week ago
$875,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,221
SQFT
624 Termino Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
Price Change - 3 weeks ago
$839,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,208
SQFT
344 Grand Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
New Listing - 6 days online
$699,990
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,125
SQFT
600 Ximeno Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
Open House 10/13 at 1PM
$639,900
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
746
SQFT
2504 E 5th Street
Long Beach, CA 90814
Circle (CA) Subdivision
Open House 10/13 at 11:30AM
$625,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,200
SQFT
646 Coronado Avenue #B
Long Beach, CA 90814
Other (OTHR) Subdivision
Open House 10/13 at 1PM
$499,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,028
SQFT
576 N Bellflower Boulevard #335
Long Beach, CA 90814
Stoney Brook Villas (ST) Subdivision
Price Change - 2 days ago
$472,500
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,028
SQFT
412 N Bellflower Boulevard #311
Long Beach, CA 90814
Stoney Brook Villas (ST) Subdivision
New Listing - yesterday
$449,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,006
SQFT
2030 E 3rd Street #1
Long Beach, CA 90814
Alamitos Beach (AB) Subdivision
Price Change - 3 weeks ago
$425,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,027
SQFT
370 Wisconsin Avenue #306
Long Beach, CA 90814
Other (OTHR) Subdivision

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