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

$7,000,000
For Sale
2333 E 5th Street
Long Beach, CA 90814
Other (OTHR) - Active
New Listing - 6 days online
$4,250,000
For Sale
6
Beds
7
Baths
8,682
Sq Ft
500 Los Altos Avenue
Long Beach, CA 90814
Single Family Home - Active
$1,795,000
For Sale
5
Beds
5
Baths
3,815
Sq Ft
351 Havana Avenue
Long Beach, CA 90814
Single Family Home - Active
New Listing - yesterday
$1,649,000
For Sale
6
Beds
5
Baths
3,627
Sq Ft
374 Tremont Avenue
Long Beach, CA 90814
Multi-Family - Active
$1,525,000
For Sale
4660 E Barker Way
Long Beach, CA 90814
Multi-Family - Active
$1,525,000
For Sale
364 Freeman Avenue
Long Beach, CA 90814
La Plaza Real (LPR) - Active
$1,470,000
For Sale
4
Beds
3
Baths
3,258
Sq Ft
4740 E 5th Street
Long Beach, CA 90814
Single Family Home - Active
$1,269,000
For Sale
313 Temple Avenue
Long Beach, CA 90814
Quadruplex - Active
New Listing - 5 days online
$1,200,000
For Sale
5
Beds
4
Baths
2,500
Sq Ft
520 Newport Avenue
Long Beach, CA 90814
Multi-Family - Active
$1,164,900
For Sale
3
Beds
3
Baths
2,781
Sq Ft
344 Calle Marseille
Long Beach, CA 90814
Single Family Home - Active
$1,125,000
For Sale
4
Beds
3
Baths
2,524
Sq Ft
5735 Madrid Lane
Long Beach, CA 90814
Single Family Home - Active
New Listing - 5 days online
$1,100,000
For Sale
4
Beds
3
Baths
2,937
Sq Ft
4104 E Colorado Street
Long Beach, CA 90814
Single Family Home - Active
New Listing - a week online
$1,075,000
For Sale
3626 E 6th Street
Long Beach, CA 90814
Multi-Family - Active
$1,025,000
For Sale
3
Beds
2
Baths
2,487
Sq Ft
5729 Avenida Estoril
Long Beach, CA 90814
Single Family Home - Active
$950,000
For Sale
658 Coronado Avenue
Long Beach, CA 90814
Multi-Family - Active
New Listing - 6 days online
$950,000
For Sale
3315 E 4th Street
Long Beach, CA 90814
Multi-Family - Active
New Listing - 2 weeks online
$925,000
For Sale
2
Beds
2
Baths
1,548
Sq Ft
366 Orizaba Avenue
Long Beach, CA 90814
Single Family Home - Active
New Listing - 2 weeks online
$875,000
For Sale
318 Wisconsin Avenue
Long Beach, CA 90814
Other (OTHR) - Active
$875,000
For Sale
320 Redondo Avenue
Long Beach, CA 90814
Commercial/Residential - Active
New Listing - 4 days online
$830,000
For Sale
4110 E Colorado Street
Long Beach, CA 90814
Belmont Heights (BH) - Active
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