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 - 2 weeks online
$1,850,000
Single Family Home For Sale
Active Under Contract
5
BED
3
TOTAL BATHS
2,973
SQFT
5511 E El Parque Street
Long Beach, CA 90815
Park Estates (PE) Subdivision
Price Change - 2 weeks ago
$1,825,000
Single Family Home For Sale
Active
3
BED
4
TOTAL BATHS
2,938
SQFT
1430 La Perla Avenue
Long Beach, CA 90815
Park Estates (PE) Subdivision
New Listing - 3 weeks online
$1,485,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
3,612
SQFT
6370 E Bixby Hill Road
Long Beach, CA 90815
Bixby Hill (BBH) Subdivision
$1,450,000
Single Family Home For Sale
Active Under Contract
5
BED
3
TOTAL BATHS
3,347
SQFT
6461 E Surrey Drive
Long Beach, CA 90815
Bixby Hill (BBH) Subdivision
$1,350,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,412
SQFT
920 N Holly Glen Drive
Long Beach, CA 90815
 
New Listing - 3 weeks online
$1,250,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
2,955
SQFT
2324 Tevis Avenue
Long Beach, CA 90815
Los Altos/North of Fwy (LNF) Subdivision
Price Change - 3 weeks ago
$1,098,000
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
New Listing - 5 days online
$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
$899,900
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,833
SQFT
2275 Senasac Avenue
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
New Listing - yesterday
$869,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,695
SQFT
6521 E El Roble Street
Long Beach, CA 90815
La Marina Estates (LME) Subdivision
Price Change - 5 days ago
$865,000
Single Family Home For Sale
Active
4
BED
2
TOTAL BATHS
2,019
SQFT
2840 N Greenbrier Road
Long Beach, CA 90815
Stratford Square (SQQ) Subdivision
New Listing - 3 days online
$864,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,696
SQFT
2612 Ostrom Avenue
Long Beach, CA 90815
Plaza South of Spring (PZS) Subdivision
$855,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,604
SQFT
2430 Nipomo Avenue
Long Beach, CA 90815
Eldorado (ELD) Subdivision
$848,000
Single Family Home For Sale
Active Under Contract
4
BED
2
TOTAL BATHS
1,500
SQFT
2819 Ostrom Avenue
Long Beach, CA 90815
Plaza South of Spring (PZS) Subdivision
$799,900
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,224
SQFT
2531 Ladoga Avenue
Long Beach, CA 90815
Los Altos/North of Fwy (LNF) Subdivision
$799,000
Single Family Home For Sale
Active Under Contract
4
BED
2
TOTAL BATHS
1,893
SQFT
5709 E Belen Street
Long Beach, CA 90815
X-100s (X1) Subdivision
$795,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
1,754
SQFT
6860 E 11th Street
Long Beach, CA 90815
College Park Estates (CPS) Subdivision
$789,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
1,870
SQFT
2282 Termino Avenue
Long Beach, CA 90815
Artcraft Manor (AM) Subdivision
$780,000
Single Family Home For Sale
Active Under Contract
4
BED
2
TOTAL BATHS
1,895
SQFT
5610 E Rolanda Street
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
New Listing - 4 weeks online
$778,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,660
SQFT
6475 E Bayard Street
Long Beach, CA 90815
X-100s (X1) Subdivision

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