90806 Market Update

90806 Market Update: Real Estate Statistics and Information for the 90806 Areas of Long Beach, CA

Includes Real Estate Information for Wrigley and the Surrounding Areas of 90806

Although the median home price in 90806 dipped slightly in February 2016, it still represents a 7.8% increase from the prior February. Despite fluctuations, home prices in 90806 have gone up by about $100,000 over the past few years.

The number of active listings in 90806 is at its lowest level in years. In February 2016 there were just 17 active listings on the market in 90806, which represents a 34.6% drop from February 2015.

Not surprisingly, given the low number of active listings and high demand, the inventory of available homes for sale in Wrigley also hit a low point last month. In February 2016 there was just a 1.3 month supply of homes for sale in 90806. This is 35% lower than inventory the year prior in February.  Inventory has not been at a level that’s considered “balanced” since the summer of 2014.

Condominiums in 90806

The median price of condos in 90806 dropped substantially in the past month. In December 2016 the median price reached a peak of $315,900. However, a month later in February, the median price dropped to $231,000. This dip continues an erratic pattern of condo pricing in 90806. The erratic pattern is in part due to the fact that there aren’t many condos in 90806.

There are very few active condo listings in 90806. In February 2016 there were just two active listings. However, in February 2015 there was just one active listing.

The supply of condos in 90806 has dropped quite a bit in recent months. In October 2015 there was a six month supply of homes. Inventory has since dropped to a 1.5 month supply in February 2016. This is considered very low and strongly favors sellers.

Sellers Market

Inventory is quite low in the Wrigley neighborhood. People are shopping for homes but there just aren’t enough homes on the market to meet the demand. If you are thinking about selling your home in 90806, now is a great time.

90806 Homes in Escrow

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Homes for Sale in 90806

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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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