90814 Market Update

September Market Update for the 90814 area of Long Beach, CA.

Real Estate Statistics for Rose Park South, Carroll Park, Belmont Heights, and Alamitos Heights.

 

The number of closed sales for single family homes in the 90814 area hit its second highest peak of 2015 this August, with 13 closed sales. This is 116.7% higher than this time last year.

 

Due to the popularity of these neighborhoods and the high number of closed sales, inventory of single family homes is very low. As of August, there was only a 2.2 months supply of homes in 90814.

 

Though median sales prices had reached their all-time high this past July, coming in at $940,000, in August they took a $225,000 drop to average out at $715,000.

 

The median number of days on market for single family homes has varied a lot this past year. Yet in August the median number of days was low – only 44. This is 68% better than this time last year.

 

90814 Condo Sales

Though the number of closed sales for condos in the 90814 area had been going up most of 2015, the number took a slight drop this August, with 7 closed sales.

 

Median sales prices for condos in this area also took a drop this past month, coming to $285,000. This is 16.1% lower than August of 2014.

 

Following the downward trend, the months supply of inventory for condos also took a drop this month, and is currently at a 2.8.

 

A great time to sell!

If you are thinking about selling your 90814 home or condo, now is a great time! Supply is low and demand is high, making it very favorable for sellers. If you are curious about what your home may be worth, take a minute to fill out the form below and we will send you a free home evaluation!

 

Wondering how 90814 compares to the rest of Long Beach? Click here for the full Market Update.

 

Current 90814 Homes for Sale

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Current 90814 Condos for Sale

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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 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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