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 Sun, Jul 25, 8 PM UTC
Please verify times due to COVID-19
$779,980
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
2,000
SQFT
5065 Gardenia Avenue
Long Beach, CA 90807
Ridgewood Heights (Rh) Subdivision
Open House Sat, Jul 24, 8 PM UTC
Please verify times due to COVID-19
$849,900
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
1,462
SQFT
4645 Gundry Avenue
Long Beach, CA 90807
Bixby Highlands (Bxh) Subdivision
Open House Sat, Jul 24, 8 PM UTC
Please verify times due to COVID-19
$1,735,999
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
3,355
SQFT
3814 Country Club Drive
Long Beach, CA 90807
Virginia Country Club (Vcc) Subdivision
Open House Sat, Jul 24, 8 PM UTC
Please verify times due to COVID-19
$610,000
Single Family Home For Sale
Coming Soon
2
BEDS
1
TOTAL BATH
810
SQFT
5033 Gundry Avenue
Long Beach, CA 90807
Ridgewood Heights (Rh) Subdivision
New Listing - 3 days online
$845,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
1,957
SQFT
1800 E Hardwick Street
Long Beach, CA 90807
 
Open House Fri, Jul 23, 7 PM UTC
Please verify times due to COVID-19
$800,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,225
SQFT
3902 Marron Avenue
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - 6 days online
$969,900
Single Family Home For Sale
Coming Soon
3
BEDS
3
TOTAL BATHS
1,931
SQFT
1348 E Somerset Place
Long Beach, CA 90807
 
New Listing - 6 days online
$1,550,000
Multi-Family For Sale
Active
3,785
SQFT
3520 Lemon Avenue
Long Beach, CA 90807
California Heights (Ch) Subdivision
New Listing - 7 days online
$829,000
Single Family Home For Sale
Pending
3
BEDS
1
TOTAL BATH
1,212
SQFT
3443 Gundry Avenue
Long Beach, CA 90807
California Heights (Ch) Subdivision
Open House Sat, Jul 24, 6 PM UTC
Please verify times due to COVID-19
$849,999
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
1,453
SQFT
4531 Tolbert Avenue
Long Beach, CA 90807
Bixby Manor (Bm) Subdivision
New Listing - a week online
$949,000
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,006
SQFT
3721 Lemon Avenue
Long Beach, CA 90807
California Heights (Ch) Subdivision
New Listing - a week online
$875,000
Single Family Home For Sale
Pending
2
BEDS
2
TOTAL BATHS
2,006
SQFT
623 Edith Way
Long Beach, CA 90807
Not Applicable-105 Subdivision
Open House Sat, Jul 24, 7 PM UTC
Please verify times due to COVID-19
$530,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,122
SQFT
3727 Country Club Drive #8
Long Beach, CA 90807
Country Club Villa (Ccv) Subdivision
New Listing - a week online
$725,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
806
SQFT
320 E 44th Way
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - 2 weeks online
$750,000
Single Family Home For Sale
Pending
2
BEDS
1
TOTAL BATH
902
SQFT
4714 Falcon Avenue
Long Beach, CA 90807
Bixby Highlands (Bxh) Subdivision
New Listing - 2 weeks online
$475,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,144
SQFT
4505 California Avenue #208
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - 2 weeks online
$700,000
Single Family Home For Sale
Pending
3
BEDS
1
TOTAL BATH
1,280
SQFT
5043 Gundry Avenue
Long Beach, CA 90807
Ridgewood Heights (Rh) Subdivision
New Listing - 2 weeks online
$968,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,528
SQFT
3608 Lemon Avenue
Long Beach, CA 90807
California Heights (Ch) Subdivision
Open House Sat, Jul 24, 7 PM UTC
Please verify times due to COVID-19
$1,750,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
3,900
SQFT
4207 Pine Avenue
Long Beach, CA 90807
Virginia Country Club (Vcc) Subdivision
New Listing - 2 weeks online
$1,749,999
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
2,586
SQFT
3601 Pine Avenue
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 bachelor's degree from UC Irvine and a master's 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)

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