90814 Market Update: September 2016

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. August saw growth after July’s brief decline, and the average price sat at $827,500. This is a 15.7% increase from the year prior. Historically, these prices saw another rise around November of 2015, so it will be interesting to watch and see if this becomes a new trend.

The number of days that homes are on the market in 90814 saw a decrease June and August, with 53 days being the average from August. This is a fairly average time for housing as a whole, but is slightly longer than the Long Beach norm.

The inventory of homes on the market in 90814 has seen gradual growth, with occasional falls. In February 2016 there was a 1.8 month supply, which is the lowest it’s been in more than a year, but quantity has increased to 4.0 since then in August. This marks a half-way point between being a seller’s or a buyer’s market, as while this is still quite low from a national perspective, this is a pretty good opportunity for a buyer in the Southern California market.

Condominiums in 90814

The median price of condominiums in 90814 has also fluctuated a fair amount in recent years, but trends upwards. In August, the median price for a condominium was $335,000, a 9.5% growth since August 2015 even though it was a slight drop from June 2016’s high point for the year.

The number of active condominium listings in 90814 currently sits at 15. The number of active listings in 2016 has been fairly low in comparison to years prior, although there was only one more listing in August 2015 than there is presently, marking a very small drop for this time of year.

Inventory has declined significantly in recent months, with only a mild increase in August 2016 to a 1.8 month supply for condominiums in 90814. While historically prior to last year we would typically see an increase in inventory over the fall and early winter, 2015 bucked this trend and it will be interesting to watch to see if 2016 marks another late year of low inventory.

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 Recently Sold in 90814

$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
New Listing - 5 days online
$1,999,999
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,047
SQFT
515 Flint Avenue
Long Beach, CA 90814
Alamitos Heights (Ah) Subdivision
New Listing - 2 weeks online
$1,890,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
2,916
SQFT
328 Granada Avenue
Long Beach, CA 90814
 
Price Change - 6 days ago
$1,890,000
Multi-Family For Sale
Active
5,201
SQFT
380 Temple Avenue
Long Beach, CA 90814
Bluff Park (Blf) Subdivision
New Listing - 5 days online
$1,700,000
Multi-Family For Sale
Active
3,806
SQFT
4140 E 5th Street
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
New Listing - 3 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 - 3 weeks 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 - 3 weeks ago
$1,499,000
Multi-Family For Sale
Active
2,396
SQFT
279 Redondo Avenue
Long Beach, CA 90814
2nd Street East (Sse) Subdivision
New Listing - yesterday
$1,495,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
2,770
SQFT
364 Seville Way
Long Beach, CA 90814
Del Lago (Dl) Subdivision
$1,489,000
Multi-Family For Sale
Active
3,058
SQFT
451 Redondo Avenue
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 - 4 days ago
$1,125,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,429
SQFT
359 Termino Avenue
Long Beach, CA 90814
 
Price Change - 6 days ago
$1,030,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,792
SQFT
313 Avenida Granada
Long Beach, CA 90814
Del Lago (Dl) Subdivision
Price Change - 2 weeks ago
$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
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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