90814 Market Update: October 2016

90814 Market Update

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

$5,450,000
Multi-Family For Sale
Active
0.21
ACRES
LOS ANGELES
COUNTY
2055 E 3rd Street
Long Beach, CA 90814
Alamitos Beach (Ab) Subdivision
$2,300,000
Multi-Family For Sale
Active
0.17
ACRES
LOS ANGELES
COUNTY
386 Ximeno Avenue
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$1,975,000
Multi-Family For Sale
Active
5,201
SQFT
380 Temple Avenue
Long Beach, CA 90814
Bluff Park (Blf) Subdivision
Open House Sat, Jul 24, 7:30 PM UTC
Please verify times due to COVID-19
$1,950,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
2,916
SQFT
328 Granada Avenue
Long Beach, CA 90814
 
New Listing - 2 weeks online
$1,699,999
Multi-Family For Sale
Active
3,900
SQFT
691 Stanley Avenue
Long Beach, CA 90814
Other (Othr) Subdivision
$1,650,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,285
SQFT
357 Ultimo Avenue
Long Beach, CA 90814
Alamitos Heights (Ah) Subdivision
$1,599,999
Multi-Family For Sale
Active
4,118
SQFT
364 Freeman Avenue
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
Price Change - a week ago
$1,520,000
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
3,913
SQFT
350 Los Altos Avenue
Long Beach, CA 90814
 
Price Change - a week ago
$1,499,000
Multi-Family For Sale
Active
2,396
SQFT
279 Redondo Avenue
Long Beach, CA 90814
2nd Street East (Sse) Subdivision
$1,489,000
Multi-Family For Sale
Active
3,058
SQFT
451 Redondo Avenue
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
Open House Sat, Jul 24, 6 PM UTC
Please verify times due to COVID-19
$1,395,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
1,810
SQFT
4012 E Colorado Street
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$1,280,000
Multi-Family For Sale
Active
2,576
SQFT
2825 E 5th Street
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$1,250,000
Single Family Home For Sale
Active
0.14
ACRES
LOS ANGELES
COUNTY
335 Redondo Avenue
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$1,200,000
Single Family Home For Sale
Active
4
BEDS
3
TOTAL BATHS
1,664
SQFT
3214 E 4th Street #AB
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$1,195,000
Single Family Home For Sale
Active
2
BEDS
3
TOTAL BATHS
1,328
SQFT
5675 E 6th Street
Long Beach, CA 90814
Alamitos Heights (Ah) Subdivision
Price Change - a week ago
$1,150,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,429
SQFT
359 Termino Avenue
Long Beach, CA 90814
 
New Listing - 4 weeks online
$985,000
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,086
SQFT
3511 E 3rd Street
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$599,999
Townhouse For Sale
Active
3
BEDS
3
TOTAL BATHS
1,498
SQFT
333 Junipero #2E
Long Beach, CA 90814
Alamitos Beach (Ab) Subdivision
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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