90814 Real Estate Market Update

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

[showcaseidx shortcode encountered an error]


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

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.