90814 Real Estate Market Update

90814 Real Estate Market Update

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90814 Real Estate Market Update
October 2015

Including the neighborhoods of Carroll Park, Rose Park South, Bluff Heights, Alamitos Heights, and Del Lago.

 

It has been a very sporadic year in terms of the number of closed sales on single family homes in the 90814 area. September 2015 experienced a sharp drop with only 7 closed sales, which is down from 13 in August and down 30% from September of last year.

 

The inventory of single family homes for sale in 90814 has been climbing all summer, and September followed the trend. There is currently a 2.9 months supply, which is the highest inventory level of 2015, but still down 14.7% from this time last year.

 

The median sales price dropped for the second month in a row, though not as dramatically as August, and landed at $692,500. This is not the lowest median price point of the year, but it is 10.1% lower than September 2014.

 

The median number of days on market rose slightly for the second month in a row, coming to 43 days. This is 24.6% lower than September 2014.

 

90814 Condos

The number of closed sales of 90814 condos increased dramatically, jumping from 6 in August to 12 this month. This is 50% higher than this time last year, and is also a record high over the past several years.

 

Perhaps due to the increase in popularity, the median sales price for 90814 condos increased this month to $323,500. This is the second highest median price point of the year, and is 14.4% higher than this time last year.

 

Also a likely factor of 90814 condos’ increased popularity, the months supply of inventory decreased for the third month in a row, and is at the lowest point of 2015.

 

A great market for buyers and sellers!

For those of you looking to buy or sell in the 90814 area, now is a great time. There are current market trends that benefit both ends of the spectrum. For more information and to figure out what options are best for you, give us a call today at 562.896.2456.

 

Want to know how the 90814 market compares to Long Beach as a whole? Find out now!

 

Homes for Sale in 90814

$7,000,000
For Sale
2333 E 5th Street
Long Beach, CA 90814
Other (OTHR) - Active
New Listing - 5 days online
$4,250,000
For Sale
6
Beds
7
Baths
8,682
Sq Ft
500 Los Altos Avenue
Long Beach, CA 90814
Single Family Home - Active
$1,795,000
For Sale
5
Beds
5
Baths
3,815
Sq Ft
351 Havana Avenue
Long Beach, CA 90814
Single Family Home - Active
New Listing - yesterday
$1,649,000
For Sale
6
Beds
5
Baths
3,627
Sq Ft
374 Tremont Avenue
Long Beach, CA 90814
Multi-Family - Active
$1,525,000
For Sale
4660 E Barker Way
Long Beach, CA 90814
Multi-Family - Active
$1,525,000
For Sale
364 Freeman Avenue
Long Beach, CA 90814
La Plaza Real (LPR) - Active
$1,470,000
For Sale
4
Beds
3
Baths
3,258
Sq Ft
4740 E 5th Street
Long Beach, CA 90814
Single Family Home - Active
$1,269,000
For Sale
313 Temple Avenue
Long Beach, CA 90814
Quadruplex - Active
New Listing - 4 days online
$1,200,000
For Sale
5
Beds
4
Baths
2,500
Sq Ft
520 Newport Avenue
Long Beach, CA 90814
Multi-Family - Active
$1,164,900
For Sale
3
Beds
3
Baths
2,781
Sq Ft
344 Calle Marseille
Long Beach, CA 90814
Single Family Home - Active
$1,125,000
For Sale
4
Beds
3
Baths
2,524
Sq Ft
5735 Madrid Lane
Long Beach, CA 90814
Single Family Home - Active
New Listing - 4 days online
$1,100,000
For Sale
4
Beds
3
Baths
2,937
Sq Ft
4104 E Colorado Street
Long Beach, CA 90814
Single Family Home - Active
New Listing - a week online
$1,075,000
For Sale
3626 E 6th Street
Long Beach, CA 90814
Multi-Family - Active
$1,025,000
For Sale
3
Beds
2
Baths
2,487
Sq Ft
5729 Avenida Estoril
Long Beach, CA 90814
Single Family Home - Active
$950,000
For Sale
658 Coronado Avenue
Long Beach, CA 90814
Multi-Family - Active
New Listing - 5 days online
$950,000
For Sale
3315 E 4th Street
Long Beach, CA 90814
Multi-Family - Active
New Listing - 2 weeks online
$925,000
For Sale
2
Beds
2
Baths
1,548
Sq Ft
366 Orizaba Avenue
Long Beach, CA 90814
Single Family Home - Active
New Listing - 2 weeks online
$875,000
For Sale
318 Wisconsin Avenue
Long Beach, CA 90814
Other (OTHR) - Active
$875,000
For Sale
320 Redondo Avenue
Long Beach, CA 90814
Commercial/Residential - Active
New Listing - 3 days online
$830,000
For Sale
4110 E Colorado Street
Long Beach, CA 90814
Belmont Heights (BH) - Active

 

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