90815 Market Update

90815 Market Update: October 2016

shannonjones Long Beach Real Estate , Los Altos Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90815 Market Update: Real Estate Statistics and Information for the 90815 Areas of Long Beach, CA

Including the Neighborhoods of Los Altos, Park Estates, La Marina Estates, and other 90815 Areas of Long Beach

The median home price in 90815 sat at $630,000 last month, showing a slight decline from August’s $650,000. While the last couple months have shown a small amount of loss, the pricing for this region is consistently pretty even with a slow but steady trend of growth.

The number of closed sales in 90815 experienced a rise in September, going from 27 in August to 31. 2016 has been a stronger than average year for closed sales, and although a downward dip around the holidays in not unheard of, 2015’s late fall and early winter saw a spike in sales. As such, it’s too soon to call if sales have truly begun to slow for the region based on September’s numbers.

Inventory as a whole is very low in 90815, though the summer and fall have shown a growth in available properties. At a 1.7 months supply in September, this is still one of the lowest inventory areas in Long Beach, and is firmly in a seller’s market.

Condominiums in 90815

Condo prices in 90815 dipped a little in September 2016 to a median of $351,000, keeping stride with the general pricing that 2016 has shown for condos this year in 90815. In comparison to last year, this is a 17% increase in value.

The number of days on the market for condos in 90815 is fairly low, taking a median of 29 days. This is in line with areas like Wrigley, which have seen a lot of demand that generally leads to quick sales. Which exception ofthe first half of 2015, the days on the market for this region is typically low for condos.

Inventory in 90815 is at another incredibly low point as of September 2016, with only 1 month of supply for condos. While there had been a general pattern of growth over the first half of the year, inventory has been taking a dive since July.

Sellers Market

Inventory in 90815 is low for both single family homes and condos, meaning that this is a strong sellers’ market. For people hunting in this area for a condo, you’ll want to be extra vigilant with a realtor that keeps an eye out for you. If you’re looking to sell your home, this market is incredibly stable, making your timeframe a good timeframe, no matter the time of year. If you’re ready to take the next step in the sale of your home or condo, feel free to contact our team to discuss the best strategy to get you the most for your home.

Homes For Sale in 90815

New Listing - 3 weeks online
$10,150,000
Multi-Family For Sale
Active
0.3836
ACRES
LOS ANGELES
COUNTY
5401 E Anaheim Road
Long Beach, CA 90815
Park Estates (PE) Subdivision
$2,595,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
4,134
SQFT
1171 Bryant Road
Long Beach, CA 90815
Park Estates (PE) Subdivision
New Listing - 3 weeks online
$2,000,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,929
SQFT
5341 E El Parque Street
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,815,000
Multi-Family For Sale
Active
LOS ANGELES
COUNTY
2256 San Anseline Avenue
Long Beach, CA 90815
 
$1,750,000
Single Family Home For Sale
Active Under Contract
3
BED
4
TOTAL BATHS
2,938
SQFT
1430 La Perla Avenue
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,749,000
Single Family Home For Sale
Active Under Contract
4
BED
4
TOTAL BATHS
3,781
SQFT
5330 E El Prado Avenue E
Long Beach, CA 90815
Park Estates (PE) Subdivision
New Listing - 2 days online
$1,225,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
3,572
SQFT
721 Pepper Tree Lane
Long Beach, CA 90815
Bixby Hill (BBH) Subdivision
Price Change - 4 weeks ago
$1,175,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,480
SQFT
1511 N Greenbrier Road
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,150,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,164
SQFT
2248 Radnor Avenue
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
$1,149,000
Single Family Home For Sale
Active Under Contract
5
BED
5
TOTAL BATHS
2,955
SQFT
2324 Tevis Avenue
Long Beach, CA 90815
Los Altos/North of Fwy (LNF) Subdivision
New Listing - 4 weeks online
$1,100,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
3,058
SQFT
2481 Terraine
Long Beach, CA 90815
 
$1,088,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,295
SQFT
1841 Lave Avenue
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
$995,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
2,150
SQFT
5371 E 29th Street
Long Beach, CA 90815
Other (OTHR) Subdivision
$949,900
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,030
SQFT
2288 Albury Avenue
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
New Listing - 5 days online
$899,999
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,824
SQFT
6841 E Bacarro Street
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
New Listing - a week online
$899,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,826
SQFT
2603 Nipomo Avenue
Long Beach, CA 90815
Plaza South of Spring (PZS) Subdivision
$879,900
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
1,626
SQFT
6831 E Septimo Street
Long Beach, CA 90815
College Park Estates (CPS) Subdivision
New Listing - 4 days online
$850,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,765
SQFT
2722 Nipomo Avenue
Long Beach, CA 90815
Plaza South of Spring (PZS) Subdivision
$829,900
Townhouse For Sale
Active
3
BED
3
TOTAL BATHS
2,206
SQFT
6255 Riviera Circle
Long Beach, CA 90815
Bixby Riviera (BBR) Subdivision
$819,999
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,057
SQFT
2322 Roswell Avenue
Long Beach, CA 90815
Artcraft Manor (AM) Subdivision

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