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

$6,000,000
Multi-Family For Sale
Active
11,316
SQFT
311 Junipero Avenue
Long Beach, CA 90814
Belmont Park (Bp) Subdivision
Price Change - 3 weeks ago
$1,590,000
Multi-Family For Sale
Active
3,792
SQFT
331 N Colorado Place
Long Beach, CA 90814
 
$1,399,000
Multi-Family For Sale
Active
2,708
SQFT
2105 E Bermuda Street
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
Price Change - 2 weeks ago
$1,395,000
Single Family Home For Sale
Active
5
BEDS
4
TOTAL BATHS
2,770
SQFT
364 Seville Way
Long Beach, CA 90814
Del Lago (Dl) 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
$1,075,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,429
SQFT
359 Termino Avenue
Long Beach, CA 90814
 
$1,071,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,429
SQFT
359 Termino Avenue
Long Beach, CA 90814
 
New Listing - 3 weeks online
$999,900
Single Family Home For Sale
Active
6
BEDS
3
TOTAL BATHS
2,087
SQFT
506 Newport Avenue
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
New Listing - 5 days online
$995,000
Single Family Home For Sale
Active
2
BEDS
2
TOTAL BATHS
1,185
SQFT
317 Nieto Avenue
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
New Listing - 3 days online
$899,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
1,110
SQFT
355 N Colorado Place
Long Beach, CA 90814
 
New Listing - 6 days online
$839,000
Single Family Home For Sale
Active
1
BED
1
TOTAL BATH
650
SQFT
304 Eliot Lane
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
New Listing - 3 weeks online
$725,000
Multi-Family For Sale
Active
990
SQFT
658 Junipero Avenue
Long Beach, CA 90814
 
$499,000
Condo For Sale
Active
2
BEDS
1
TOTAL BATH
890
SQFT
333 Junipero Avenue #2I
Long Beach, CA 90814
Alamitos Beach (Ab) Subdivision
$418,900
Condo For Sale
Active
1
BED
1
TOTAL BATH
882
SQFT
420 Redondo Avenue #108
Long Beach, CA 90814
 
$405,000
Condo For Sale
Active
1
BED
1
TOTAL BATH
883
SQFT
420 Redondo Avenue #109
Long Beach, CA 90814
Belmont Heights - Bh 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 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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