90814 Market Update

90814 Market Update: October 2016

shannonjones Long Beach Real Estate , Real Estate , Real Estate Market Update , Rose Park , Rose Park Neighborhood Leave a Comment

90814 Market Update: Real Estate Statistics and Information for the 90814 Areas of Long Beach, CA

90814 Market Update Includes the Neighborhoods of Carroll Park, Bluff Heights, Rose Park South, and Other 90814 Neighborhoods of Long Beach

The median single family home price in 90814 has increased substantially in the last three years but continues to see-saw with rises and falls in the market. September 2016 was another period of growth, with the median home sale price at $882,500.  This is a 15.4% increase from the year prior. Historically, these prices saw another rise around November of 2015, and much of the Long Beach market has seen similar growth later in the fall before winter slows things down.

The number of new listings decreased in 90814 during the month of September, adding only 8 single family homes to the inventory in comparison to August’s 14. This is 3 less than the same time last year in September 2015.

The inventory of homes on the market in 90814 has seen gradual growth, with occasional falls. The quantity hit a new recent high in August when the months supply reached 4.1 months, but has dropped to 4.0 again in September. While this isn’t a substantial drop quite yet, historical data indicates we should see at least a small drop in October and November.

Condominiums in 90814

The median price of condominiums in 90814 has also fluctuated a fair amount in recent years, but has generally trended upwards over the last three years. In September, the median price for a condominium was $327,450, a less than 1% decrease since September 2015. With exception of 2015, a decrease and rise in sales price in the fall is anticipated for this region.

The number of new condominium listings in September was 4, the lowest point over a decline beginning in April. It’s probable that the number of new listings may become even less as we approach 2017, taking off again in January as has been the pattern for the last two years.

Inventory has declined significantly in recent months, with another slight decrease in September 2016 to a 1.8 month supply for condominiums in 90814. Inventory has been fairly even through 2016, with a few minor rises and falls, but never exceeding the 2.3 months of supply that occurred in January. Overall, condo supply is incredibly low in these neighborhoods.

Sellers Market

Inventory is middling in 90814, even with high single family home pricing. If you are looking to list a condo however, this is a really excellent time with low competition. If you’re thinking about selling your home, now is a great time to talk to a knowledgeable realtor and make a strategy that is appropriate to your timeline and your neighborhood’s sale patterns.

Homes For Sale in 90814

New Listing - 2 weeks online
$3,200,000
Multi-Family For Sale
Active
0.1416
ACRES
LOS ANGELES
COUNTY
500 Junipero Avenue
Long Beach, CA 90814
Other (OTHR) Subdivision
New Listing - 2 weeks online
$3,200,000
Multi-Family For Sale
Active
0.1492
ACRES
LOS ANGELES
COUNTY
3117 E 6th Street
Long Beach, CA 90814
Eastside (ES) Subdivision
$1,650,000
Multi-Family For Sale
Active
0.1495
ACRES
LOS ANGELES
COUNTY
2506 E 6th Street
Long Beach, CA 90814
 
New Listing - 2 weeks online
$1,649,999
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
437 Newport Avenue
Long Beach, CA 90814
Belmont Park (BP) Subdivision
New Listing - 3 weeks online
$1,575,000
Condo For Sale
Active
7
BED
6
TOTAL BATHS
3,200
SQFT
434 Newport Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
$1,300,000
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
312 Coronado Avenue
Long Beach, CA 90814
Other (OTHR) Subdivision
$1,199,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,389
SQFT
373 Park Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
$1,150,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,588
SQFT
306 Ultimo Avenue
Long Beach, CA 90814
Alamitos Heights (AH) Subdivision
New Listing - a week online
$1,150,000
Single Family Home For Sale
Active
4
BED
5
TOTAL BATHS
2,770
SQFT
5701 Lunada Lane
Long Beach, CA 90814
Del Lago (DL) Subdivision
$1,135,000
Multi-Family For Sale
Active
0.0973
ACRES
LOS ANGELES
COUNTY
4433 E 3rd Street
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
New Listing - 3 weeks online
$994,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,000
SQFT
2255 E 6th Street
Long Beach, CA 90814
 
Open House 08/17 at 2PM
$979,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,221
SQFT
624 Termino Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
$950,000
Multi-Family For Sale
Active
0.155
ACRES
LOS ANGELES
COUNTY
658 Coronado Avenue
Long Beach, CA 90814
 
Open House 08/17 at 1PM
$875,000
Single Family Home For Sale
Active
3
BED
1
TOTAL BATHS
1,284
SQFT
541 Obispo Avenue
Long Beach, CA 90814
Eastside (ES) Subdivision
$859,900
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,220
SQFT
4210 E Theresa Street
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
$849,000
Single Family Home For Sale
Active
2
BED
1
TOTAL BATHS
1,208
SQFT
344 Grand Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
New Listing - 5 days online
$839,888
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,808
SQFT
601 Manila Avenue
Long Beach, CA 90814
Alamitos Heights (AH) Subdivision
New Listing - 4 weeks online
$749,900
Multi-Family For Sale
Active
0.0678
ACRES
LOS ANGELES
COUNTY
3623 E 6th Street
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
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