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 - yesterday
$1,199,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,983
SQFT
3918 Olive Avenue
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - 3 days online
$1,250,000
Condo For Sale
Active
0.191
ACRES
LOS ANGELES
COUNTY
430 E Freeland Street
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - 4 days online
$2,150,000
Single Family Home For Sale
Active
5
BEDS
3
TOTAL BATHS
3,355
SQFT
3814 Country Club Drive
Long Beach, CA 90807
Virginia Country Club (Vcc) Subdivision
New Listing - 7 days online
$1,049,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
3,145
SQFT
3815 Olive Avenue
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - a week online
$925,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,454
SQFT
3650 Lemon Avenue
Long Beach, CA 90807
California Heights (Ch) Subdivision
New Listing - a week online
$899,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,494
SQFT
3756 Gundry Avenue
Long Beach, CA 90807
California Heights (Ch) Subdivision
New Listing - a week online
$979,000
Condo For Sale
Active
0.11
ACRES
LOS ANGELES
COUNTY
3738 Lemon Ave
Long Beach, CA 90807
California Heights (Ch) Subdivision
New Listing - 2 weeks online
$429,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,281
SQFT
4505 California Avenue #403
Long Beach, CA 90807
 
New Listing - 2 weeks online
$795,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
1,912
SQFT
3641 Walnut Avenue
Long Beach, CA 90807
California Heights (Ch) Subdivision
New Listing - 2 weeks online
$690,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,697
SQFT
1958 E Hardwick Street
Long Beach, CA 90807
 
New Listing - 3 weeks online
$535,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,120
SQFT
3707 Country Club Drive #5
Long Beach, CA 90807
Los Cerritos (Lc) Subdivision
$849,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,415
SQFT
4828 Gundry Avenue
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
$840,000
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,194
SQFT
3475 Gardenia Avenue
Long Beach, CA 90807
Other (Othr) Subdivision
$519,000
Townhouse For Sale
Active
3
BEDS
2
TOTAL BATHS
1,423
SQFT
3659 Country Club Drive #C
Long Beach, CA 90807
Country Club Gardens (Ccg) Subdivision
$1,399,999
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
3,416
SQFT
3156 Pasadena Ave
Long Beach, CA 90807
Other (Othr) Subdivision
$2,395,000
Single Family Home For Sale
Active
0.2067
ACRES
LOS ANGELES
COUNTY
1125 E Carson Street
Long Beach, CA 90807
 
$3,599,000
Single Family Home For Sale
Active
6
BEDS
5
TOTAL BATHS
6,600
SQFT
4286 Country Club Drive
Long Beach, CA 90807
Virginia Country Club (Vcc) Subdivision
$2,275,999
Single Family Home For Sale
Active
5
BEDS
5
TOTAL BATHS
4,744
SQFT
4531 N Country Club Lane
Long Beach, CA 90807
Virginia Country Club (Vcc) Subdivision
$1,999,000
Single Family Home For Sale
Active
5
BEDS
5
TOTAL BATHS
3,674
SQFT
3809 Pacific Avenue
Long Beach, CA 90807
Virginia Country Club (Vcc) 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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