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

New Listing - a week online
$1,295,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,470
SQFT
4005 Locust Avenue
Long Beach, CA 90807
 
New Listing - a week online
$998,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
3,106
SQFT
4552 Tolbert Avenue
Long Beach, CA 90807
Bixby Manor (BM) Subdivision
New Listing - a week online
$689,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,652
SQFT
5043 N Raton Circle
Long Beach, CA 90807
 
New Listing - a week online
$1,150,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
3,199
SQFT
3815 Olive Avenue
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
New Listing - a week online
$725,000
Single Family Home For Sale
Active Under Contract
2
BED
1
TOTAL BATHS
1,152
SQFT
3754 Gundry Avenue
Long Beach, CA 90807
California Heights (CH) Subdivision
New Listing - 2 weeks online
$435,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,258
SQFT
3932 N Virginia Road #206
Long Beach, CA 90807
Virginia Country Club (VCC) Subdivision
New Listing - 2 weeks online
$3,795,000
ResidentialIncome For Sale
Active
0.4117
ACRES
LOS ANGELES
COUNTY
440 E San Antonio Drive
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
New Listing - 2 weeks online
$624,999
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,219
SQFT
4646 Gundry Avenue
Long Beach, CA 90807
Bixby Highlands (BXH) Subdivision
New Listing - 3 weeks online
$899,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,088
SQFT
119 W 36th Street
Long Beach, CA 90807
 
New Listing - 3 weeks online
$379,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,079
SQFT
4170 Elm Avenue #309
Long Beach, CA 90807
 
New Listing - 3 weeks online
$949,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,701
SQFT
3920 Lemon Avenue
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
New Listing - 3 weeks online
$795,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,593
SQFT
1302 E Cartagena Street
Long Beach, CA 90807
Bixby Highlands (BXH) Subdivision
New Listing - 3 weeks online
$790,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,038
SQFT
4161 Keever Avenue
Long Beach, CA 90807
 
New Listing - 4 weeks online
$399,900
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
950
SQFT
3913 N Virginia Road #110
Long Beach, CA 90807
Bixby Terrace (BT) Subdivision
Price Change - 4 days ago
$629,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
1,907
SQFT
3347 N Crest Drive
Long Beach, CA 90807
Other (OTHR) Subdivision
$3,495,000
Single Family Home For Sale
Active
6
BED
7
TOTAL BATHS
5,060
SQFT
4256 Country Club Drive
Long Beach, CA 90807
Virginia Country Club (VCC) Subdivision
$499,000
Townhouse For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,078
SQFT
3526 Linden Avenue #3
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
$299,900
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
695
SQFT
3511 Elm Avenue #414
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
$2,679,990
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
4,744
SQFT
4531 N Country Club Lane
Long Beach, CA 90807
Virginia Country Club (VCC) Subdivision
$399,999
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,144
SQFT
4505 California Avenue #208
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
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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