Virginia Country Club, Long Beach, CA

90807 Market Update

shannonjones CA , California , City of Long Beach , Long Beach , Long Beach Condos , long beach homes , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

September Market Update for the 90807 area of Long Beach, CA.

Real Estate Statistics for Bixby Knolls, Bixby Terrace, Bixby Highlands, Ridgewood Heights, California Heights, and Virginia Country Club.

 

The number of closed sales on single family homes in 90807 was on the rise for much of this year, though it has started to drop down again recently. In August, there were 29 closed sales, down from this year’s peak, but still 7.4% higher than this time last year.

 

The supply of inventory in the 90807 area has been dropping over the past two years, and this month followed the trend. There is currently a 2.3 months supply of homes, which is the lowest in all of 2015.

 

Median sales price in 90807 homes has been a bit sporadic this year, and dropped to $580,000 in August, but this is still 24.2% higher than in August of 2014.

 

The market in this area has been hot, which is why the median days on market for homes has been relatively low this year. In August, the median number of days was only 39, which is 11.4% lower than last year.

90807 Condos

Not many condos were closed on last month, with the total coming in at only 7. However this is still one of the better months when compared to the rest of 2015.

 

Median condo sales price also dropped slightly this past month, with the median price being $251,000. This is 23.2% lower than this time last year.

 

Supply of inventory for 90807 condos has been dropping over the last year and a half, and currently there is only a 1.5 months supply.

 

A great time to sell!

With inventory levels for both homes and condos in the 90807 area being so low, now is the perfect time to sell! Average days on market have been low, and prices have been competitive. If you are thinking of selling your home and wondering what it might be worth, take a minute to fill out the form below and we’ll give you a home evaluation for free!

 

Free Home Evaluation

The value of your home has most certainly changed since you bought it! Take a few seconds to fill out the form below and we'll prepare an expert market analysis of your home at no cost!
  • Tell us a little bit about your situation
  • Where is the property located?
  • Who can we contact with your completed market analysis?

 

Want to know how 90807 compares to the rest of Long Beach? Click here for the full Market Update.

 

Current Homes for Sale in 90807

No Results Found.

Current Condos for Sale in 90807

$399,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,349
SQFT
4505 California Avenue #301
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
$360,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
1,187
SQFT
4505 California Avenue #511
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
New Listing - 3 weeks online
$352,000
Condo For Sale
Active Under Contract
2
BED
2
TOTAL BATHS
783
SQFT
3500 Elm Avenue #11
Long Beach, CA 90807
Elmwood (EWD) Subdivision
$349,900
Condo For Sale
Active
2
BED
1
TOTAL BATHS
934
SQFT
3452 Elm Avenue #302
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
Open House 10/25 at 12PM
$325,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
686
SQFT
4152 Elm Avenue #3
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
$324,999
Condo For Sale
Active
1
BED
1
TOTAL BATHS
660
SQFT
3565 Linden Avenue #209
Long Beach, CA 90807
Lindenwood (LWD) Subdivision
New Listing - 3 days online
$299,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
660
SQFT
3565 Linden Avenue #124
Long Beach, CA 90807
Lindenwood (LWD) Subdivision
Price Change - 3 days ago
$285,000
Condo For Sale
Active
1
BED
1
TOTAL BATHS
717
SQFT
3452 Elm Avenue #203
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
New Listing - 3 weeks online
$259,900
Condo For Sale
Active Under Contract
1
BED
1
TOTAL BATHS
728
SQFT
3530 Elm Avenue #207
Long Beach, CA 90807
Bixby Knolls (BK) Subdivision
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