90807 market update

90807 Market Update

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90807 Market Update: Real Estate Statistics and Information for the 90807 Areas of Long Beach, CA

Including the Neighborhoods of California Heights, Bixby Knolls, Bixby Terrace, and Virginia Country Club

Home prices in 90807 have been very volatile over the past several years, peaking in November 2015 at $692,000 and then declining for the past two months. In January 2016, the median home price in 90807 was $520,000, which is 22.6% below January 2015.

Median home prices in an area may vary in any given month depending on the number, size and type of homes that sell. Though home prices have decreased in 90807, the price per square foot has actually increased fairly consistently since 2013. In January 2016, the median price per square foot was $415. This reflects a 23.5% increase from January 2015.

Inventory in 90807 is lower than it’s been for several years, with just a 1.4 month supply of homes for sale as of January 2016.  This is 54.8% lower than the inventory level in January 2015. If you’re thinking about selling your home in 90807, now is a good time.

Condominiums in 90807

The median price of condominiums has experienced substantial fluctuation in the past three years. In January 2016, the median price was $210,000, which is down 34.3% from the year prior in January.

The price per square foot of condos in 90807 has also experienced some fluctuation since 2013 but has mostly increased. In January 2016, the median price per square foot was $288. This represents a 29.1% increase from the year prior in January.

Inventory in 90807 has remained fairly low with the exception of a major surge in the summer of 2014. In January 2016 there was a 2.3 month supply of homes on the market. Though this reflects a 27.8% increase from January 2015, it is still a low inventory that favors sellers.

Bottom Line

With significantly low inventory, the real estate market in 90807 is favorable for sellers. For buyers, the market is extremely competitive. If you have been thinking about selling your home in 90807, now is a great time to talk to a knowledgeable realtor!

90807 Homes For Sale and In Escrow

New Listing - 23 hours online
$350,000
For Sale
2
Beds
1
Baths
1,378
Sq Ft
629 E Carson Street #7
Long Beach, CA 90807
Condo - Active
New Listing - yesterday
$538,000
For Sale
4
Beds
2
Baths
1,561
Sq Ft
689 E Silva Street
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 2 days online
$619,000
For Sale
3
Beds
2
Baths
1,544
Sq Ft
4225 Gaviota Avenue
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 4 days online
$865,000
For Sale
4
Beds
4
Baths
2,600
Sq Ft
642 W Terrylynn Place
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 6 days online
$869,000
For Sale
4
Beds
3
Baths
1,966
Sq Ft
1311 E Somerset Place
Long Beach, CA 90807
Single Family Home - Active
New Listing - 6 days online
$259,000
For Sale
1
Beds
1
Baths
766
Sq Ft
4595 California Ave #307
Long Beach, CA 90807
Condo - Active
New Listing - a week online
$695,000
For Sale
3
Beds
1
Baths
1,308
Sq Ft
3535 N Weston Place
Long Beach, CA 90807
Single Family Home - Active
New Listing - a week online
$425,000
For Sale
2
Beds
1
Baths
810
Sq Ft
649 E Silva Street
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - a week online
$440,000
For Sale
2
Beds
2
Baths
1,221
Sq Ft
3661 Country Club Drive #H
Long Beach, CA 90807
Condo - Active
New Listing - 2 weeks online
$1,332,000
For Sale
4
Beds
3
Baths
2,822
Sq Ft
4470 Cerritos Avenue
Long Beach, CA 90807
Single Family Home - Active
New Listing - 2 weeks online
$545,000
For Sale
3
Beds
1
Baths
1,231
Sq Ft
1421 E Silva Street
Long Beach, CA 90807
Single Family Home - Active
New Listing - 2 weeks online
$502,000
For Sale
2
Beds
1
Baths
806
Sq Ft
4520 Elm Avenue
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 2 weeks online
$630,000
For Sale
2
Beds
1
Baths
1,145
Sq Ft
3611 Rose Avenue
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 2 weeks online
$729,000
For Sale
4
Beds
2
Baths
1,375
Sq Ft
720 E 35th Street
Long Beach, CA 90807
Single Family Home - Active
New Listing - 3 weeks online
$750,000
For Sale
4
Beds
2
Baths
1,550
Sq Ft
4625 Gundry Avenue
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 3 weeks online
$725,000
For Sale
3
Beds
1
Baths
1,883
Sq Ft
430 E Bixby Road
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 3 weeks online
$1,119,900
For Sale
4
Beds
3
Baths
2,919
Sq Ft
1051 E Andrews Drive
Long Beach, CA 90807
Single Family Home - Active Under Contract
New Listing - 4 weeks online
$525,000
For Sale
2
Beds
1
Baths
1,015
Sq Ft
1916 E Luray Street
Long Beach, CA 90807
Single Family Home - Active
New Listing - 4 weeks online
$442,500
For Sale
2
Beds
2
Baths
1,221
Sq Ft
3661 Country Club Drive #C
Long Beach, CA 90807
Townhouse - Active Under Contract
$880,000
For Sale
4
Beds
2
Baths
2,200
Sq Ft
4360 Keever Avenue
Long Beach, CA 90807
Single Family Home - Active

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