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

Price Change - 5 days ago
$1,540,000
Multi-Family For Sale
Active
3,792
SQFT
331 N Colorado Place
Long Beach, CA 90814
 
New Listing - 3 days online
$1,500,000
Multi-Family For Sale
Active
4,338
SQFT
685 Temple Avenue
Long Beach, CA 90814
Other (Othr) Subdivision
$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
Open House Sat, Oct 23, 8 PM UTC
Please verify times due to COVID-19
$1,119,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,516
SQFT
2429 E 4th Street
Long Beach, CA 90814
 
$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
$899,900
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 - a week 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 - 4 weeks online
$725,000
Multi-Family For Sale
Active
990
SQFT
658 Junipero Avenue
Long Beach, CA 90814
 
Open House Sat, Oct 23, 8 PM UTC
Please verify times due to COVID-19
$650,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,401
SQFT
4741 E 4th Street
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$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
New Listing - yesterday
$485,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
870
SQFT
2514 E 6th Street #C
Long Beach, CA 90814
Junipero Gardens (Jpg) Subdivision
$418,900
Condo For Sale
Active
1
BED
1
TOTAL BATH
882
SQFT
420 Redondo Avenue #108
Long Beach, CA 90814
 
Price Change - yesterday
$399,950
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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