90808 Real Estate Market Update

90808 Real Estate Market Update
October 2015

Including the neighborhoods of Lakewood Village, Old Lakewood City, Carson Park, South of Conant, the Plaza, and El Dorado Park Estates.

After a sharp drop in August, the number of closed sales of single family homes in the 90808 area increased slightly in September to 39. Despite the increase, this number is still fairly low for 2015 and is 25% lower than this time last year.

The supply of homes for sale in 90808 leveled off for the second month in a row, with a 1.9 months supply. This comes after an increase in inventory over the summer months, though it is still 20.8% lower than inventory levels were this time last year.

The median sales price for single family homes in 90808 has increased for the second month in a row, reaching a peak of $605,000.

The median number of days on market has leveled out a bit over the past few months, coming in at 40 days for the second month in a row. This is 9.1% lower than this time last year.

A great time to sell!

The 90808 market right now is great for sellers. Inventory is low and prices are high! Call us today if you’re interested in making a move. 562.896.2456

Want to know how 90808 compares to the Long Beach market as a whole? Find out now!

Homes for Sale in 90808

About the Author

Shannon Jones, Team Leader & CEO

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