90804 Real Estate Market Update

Mid-Year 2015 90804 Real Estate Review

Prices have been somewhat volatile so far this year in the 90804 area of Long Beach. As of June 2015, the median home price was $423,000, up about $100K from January 2015 but only 3.7% above June 2014.

The volume of home sales in 90804 has also been somewhat sporadic. With 10 homes closing escrow in June 2015, that was a 400% increase from the previous June but still below the peak of 13 closed sales in April.

There are fewer homes on the market now than there were last summer as well, just 20 homes for sale in 90804 as of June 2015, compared to 30 in June 2014. Based on the rate of sales and buyer demand, that represents an inventory of 2.9 months supply.

As a result, many homes are selling at or very close to their list price. The average sales price in June 2015 was 99.1% of the original list price.

Wondering what your home is worth? For an automated valuation report far more accurate than Zillow, click here.  For a personalized, detailed valuation report, please provide us with information on the form at the bottom of this page and we’d be happy to prepare that for you.

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 bachelor's degree from UC Irvine and a master's 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)

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