90808 Market Update

What’s Going On with the Real Estate Market in 90808?

Market Statistics and Information for Neighborhoods Including Plaza, Carson Park, Lakewood Village, and Old Lakewood City

After showing increases much of the year, home prices in 90808 showed some signs of leveling off. As of December 2015, the median home price in 90808 was $565,000, which is 5.6% higher than the previous December.

Although the median price increased year over year, the median price per square foot for homes in 90808 actually declined slightly, to a level of $380 per square foot as of year-end.

The available supply of homes for sale in 90808 is lower than most other areas of Long Beach or surrounding cities. As of December 2015, there was less than a month’s supply of homes for sale in 90808. The inventory was 60% below the same time in 2014.

Seller’s Market

With inventory of homes for sale below a month and many buyers in the market wanting to take advantage of the low interest rates, 90808 is experiencing a seller’s market. This means it could be a great time to consider selling a home. If you’d like to know what your home is worth, fill out the form below and we’d be happy to provide you with a report.

Homes Under Contract in 90808

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Homes for Sale in 90808

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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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