90807 Market Update: September 2016

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

In August, the median single family home price in 90807 was $602,500, which is a 3.7% growth from August 2015. If the area value continues to follow the growth pattern of the last three years, value may rise again in the coming months. While pricing has been volatile over the last few years, 2016 has been fairly balanced in comparison to years prior.

The number of days that listings stay on the market in 90807 has been in a decline since November of 2015, with August 2016 reaching a new low for the year at 34 days on average. What this can mean for would-be sellers is that their sales will typically move forward quickly.

Inventory in 90807 has steadily grown back up since January 2016, experiencing another decrease in June before ascending again in July and August. The August 2016 inventory had 3.6 months of supply, which still indicates a seller’s market but is also a big change in competition from month to month.

Condominiums in 90807

The median price of condominiums has seen a lot of back and forth on its drops and gains, seeing a big gain in July 2016 and then dropping down again this August. In August 2016, the median sale price for condos in 90807 was $275,500.

In August, there were 16 active listings for condos on the market in 90807. This is the largest jump upwards in active listings since February 2016, and is 7 listings more than the same time last year.

Inventory in 90807 for condos saw a substantial jump as well in August, going from a 1.9 month supply in July to a 3.1 month supply. This is the highest point it has reached since September 2014, which had a 3.4 month supply. While still in the range of being a seller’s market, this is a good time for would-be buyers to check out the increased inventory and see about making a move.

Bottom Line

In both single family homes and condominiums, inventory has increased over the last month, with room to breathe for the first time in a while for shoppers. Despite this, single home values saw increases for this year and compared to last year. If you have been thinking about selling your home in 90807, now is a great time to talk to speak with a realtor or to get an estimate on your home.

Homes Sold in 90807

Open House Sat, May 28, 7 PM UTC
Please verify times due to COVID-19
$2,100,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
3,912
SQFT
4207 Pine Avenue
Long Beach, CA 90807
Los Cerritos (Lc) Subdivision
Open House Sat, May 28, 6 PM UTC
Please verify times due to COVID-19
$899,000
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
1,850
SQFT
3801 Gundry Avenue
Long Beach, CA 90807
Bixby Terrace (Bt) Subdivision
New Listing - 6 days online
$499,000
Townhouse For Sale
Pending
2
BEDS
2
TOTAL BATHS
977
SQFT
3358 Elm Avenue
Long Beach, CA 90807
 
New Listing - 6 days online
$399,900
Condo For Sale
Pending
1
BED
1
TOTAL BATH
756
SQFT
1014 E Carson Street #3
Long Beach, CA 90807
 
New Listing - a week online
$1,495,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,276
SQFT
3830 N Weston Place
Long Beach, CA 90807
Los Cerritos (Lc) Subdivision
New Listing - a week online
$399,999
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,100
SQFT
3565 Linden Avenue #356
Long Beach, CA 90807
 
Open House Sat, May 28, 9 PM UTC
Please verify times due to COVID-19
$419,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
765
SQFT
3113 Atlantic Avenue #27
Long Beach, CA 90807
Wrigley Heights (Wh) Subdivision
Open House Sat, May 28, 9 PM UTC
Please verify times due to COVID-19
$1,395,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,554
SQFT
623 Avery Place
Long Beach, CA 90807
Crown Pointe (Cpt) Subdivision
Open House Sat, May 28, 7 PM UTC
Please verify times due to COVID-19
$1,100,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,100
SQFT
3927 Gaviota Avenue
Long Beach, CA 90807
Bixby Terrace (Bt) Subdivision
New Listing - a week online
$2,800,000
Single Family Home For Sale
Pending
3
BEDS
4
TOTAL BATHS
5,983
SQFT
3540 Pine Avenue
Long Beach, CA 90807
Los Cerritos (Lc) Subdivision
Open House Sat, May 28, 8 PM UTC
Please verify times due to COVID-19
$825,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,350
SQFT
5036 N Raton
Long Beach, CA 90807
Ridgewood Heights (Rh) Subdivision
New Listing - 2 weeks online
$899,000
Multi-Family For Sale
Active
4
BEDS
2
TOTAL BATHS
1,923
SQFT
3175 N Park Lane
Long Beach, CA 90807
 
Open House Sat, May 28, 6 PM UTC
Please verify times due to COVID-19
$1,550,000
Multi-Family For Sale
Active
1,940
SQFT
4525 Pasadena Avenue
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - 2 weeks online
$1,295,000
Multi-Family For Sale
Active
2,214
SQFT
640 E 36th Street
Long Beach, CA 90807
California Heights (Ch) Subdivision
New Listing - 2 weeks online
$1,199,000
Single Family Home For Sale
Pending
2
BEDS
3
TOTAL BATHS
2,046
SQFT
4001 Marion Way
Long Beach, CA 90807
Crown Pointe (Cpt) Subdivision
New Listing - 2 weeks online
$925,000
Single Family Home For Sale
Pending
3
BEDS
3
TOTAL BATHS
2,065
SQFT
1124 E Ridgewood Street
Long Beach, CA 90807
Ridgewood Heights (Rh) Subdivision
New Listing - 2 weeks online
$1,025,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,896
SQFT
3845 Rose Avenue
Long Beach, CA 90807
Not Applicable-1 Subdivision
New Listing - 2 weeks online
$589,000
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,473
SQFT
1012 E 46th Street
Long Beach, CA 90807
 
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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