90808 Market Update: September 2016

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, dropping to $585,000 in August of 2016. In comparison to $575,000 as the average in August 2015, there has been a 1.7% growth in value from year to year.

While the end of 2015 and the earlier half of 2016 was a little rough for original asking prices, August 2016 showed that the median percent of the original sales price came back up to 100% for the first time since May, and before that in October 2015. This indicates that homes in the area are being priced in a fair range for their zone, with a fairly low average number of days spent on the market.

Inventory continues to be low in the 90808 area of Long Beach, despite the summer growth of inventory. Sitting at a 2.2 months supply, this is still a strong seller’s market, albeit seeing more listings in the last couple of months.

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 but can include a lot of recent competition, so a good local resource to make sure your home visible, accessible, and correctly priced is invaluable. 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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