90814 Market Update: September 2016

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

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

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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