90808 Market Update: August 2016

3922 Carfax Avenue, Long Beach, CA 90808

90808 Market Update: Real Estate Statistics and Information for the 90808 Areas of Long Beach, CA

90808 Market Update Includes the Neighborhoods of Carson Park, Plaza, Lakewood Village, and Old Lakewood City

The median home price in 90808 is at one of it’s highest points right now, hitting $640,500 in July of 2016. In comparison to $560,000 as the average in July 2015, there has been a 14% growth that added almost $80,000 of value.

The number of active listings in 90808 has fluctuated significantly. However, for the most part, the number of active listings has been at its highest over the summer. As of July 2016, there were 83 active listings after a slow spring, but is still only 1.2% greater than the previous July.

Inventory continues to be low in the 90808 area of Long Beach, despite the summer growth of inventory. Sitting at a 2.3 month inventory, the neighborhoods in this territory still sit firmly in a seller’s market, but with a little variety for buyers looking for a home.

Bottom Line

Low inventory continues for single family homes and property values are at one of their highest points in a three-year history. Easy access to the city of Long Beach combined with pleasant suburban real estate with larger lots drives traffic to this region. For people looking to sell their home, this is a good market to be in. If you have any questions about your home’s value or how to start the selling process, feel free to contact our team.

Homes Recently Sold in 90808

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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