90807 Market Update: September 2016

shannonjones Bixby Knolls , Long Beach , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

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

New Listing - 19 hours online
$1,575,000
Multi-Family For Sale
Active
0.1841
ACRES
LOS ANGELES
COUNTY
3808 Orange Avenue
Long Beach, CA 90807
Bixby Terrace (BT) Subdivision
Open House 01/19 at 12PM
$599,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,460
SQFT
3823 Cherry Avenue
Long Beach, CA 90807
California Heights (CH) Subdivision
Open House 01/19 at 12PM
$860,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,648
SQFT
3928 Lewis Avenue
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
New Listing - 3 days online
$1,900,000
Multi-Family For Sale
Active
0.1638
ACRES
LOS ANGELES
COUNTY
4652 N Banner Drive
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
Open House 01/19 at 1PM
$679,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,018
SQFT
3545 California Avenue
Long Beach, CA 90807
California Heights (CH) Subdivision
New Listing - 4 days online
$1,200,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
2,478
SQFT
4251 Chestnut Avenue
Long Beach, CA 90807
Virginia Country Club (VCC) Subdivision
Open House 01/19 at 1PM
$388,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
956
SQFT
3703 Country Club Drive #8
Long Beach, CA 90807
Country Club Villa (CCV) Subdivision
Open House 01/19 at 1PM
$429,999
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,427
SQFT
3695 Linden Avenue #11B
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
New Listing - a week online
$529,888
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
812
SQFT
1813 E Luray Street
Long Beach, CA 90807
Other (OTHR) Subdivision
New Listing - a week online
$620,000
Townhouse For Sale
Active
2
BED
3
TOTAL BATHS
1,875
SQFT
4015 N Virginia Road #5
Long Beach, CA 90807
Other (OTHR) Subdivision
New Listing - 2 weeks online
$687,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,261
SQFT
3425 Rose Avenue
Long Beach, CA 90807
California Heights (CH) Subdivision
New Listing - 2 weeks online
$429,900
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,201
SQFT
4505 N California Avenue #513
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
Open House 01/19 at 8AM
$428,000
Townhouse For Sale
Active
2
BED
2
TOTAL BATHS
956
SQFT
3707 Country Club Drive #3
Long Beach, CA 90807
 
New Listing - 2 weeks online
$370,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
940
SQFT
3695 Linden Avenue #7C
Long Beach, CA 90807
 
New Listing - 4 weeks online
$902,000
Single Family Home For Sale
Active
5
BED
6
TOTAL BATHS
3,229
SQFT
3090 Elm Avenue
Long Beach, CA 90807
Wrigley Area (WR) Subdivision
Open House 01/19 at 12PM
$925,500
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,410
SQFT
247 E Randolph Place
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
$1,250,000
Multi-Family For Sale
Active
0.135
ACRES
LOS ANGELES
COUNTY
3540 Orange Avenue
Long Beach, CA 90807
California Heights (CH) Subdivision
$1,135,000
Single Family Home For Sale
Active Under Contract
3
BED
3
TOTAL BATHS
2,643
SQFT
3751 Cedar Avenue
Long Beach, CA 90807
Los Cerritos (LC) Subdivision
$639,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,634
SQFT
4701 Walnut Avenue
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
$609,900
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,271
SQFT
4519 Atlantic Avenue
Long Beach, CA 90807
Country Club manor (CCM) Subdivision
About the Author
author photo