90815 Real Estate Market Update

90815 Real Estate Market Update
October 2015

Including the neighborhoods of Los Altos, Bixby Hill, Park Estates, La Marina Estates, College Park Estates, El Dorado South, the Plaza, Stratford Square, Artcraft Manor, and
Circle Area.

 

After a sharp drop in the middle of summer, the number of closed sales of single family homes in the 90815 area started to rise again, only to drop slightly again in September 2015. There were 32 closed sales this September, compared to the 33 in August. This number, however, is still 28% higher than this time last year.

 

The  inventory of single family homes for sale in 90815 has been climbing since April of this year, and has leveled off in September to a 2.4 month supply

 

The median sales price has been a bit sporadic this year. Prices dropped from $610,000 in August to $585,000 in September. This price, however, is still 1.7% higher than September of last year.

 

The median number of days on market decreased to 37 days this September, after a peak that occurred in August. This, however, is still one week longer than the median number of days in September 2014.

 

90815 Condos

After a decline over the summer months, the number of closed sales on condos in the 90815 area increased dramatically, with 9 closed sales this September. Though this is not the highest point of 2015, it is a whopping 200% higher than this time last year.

 

The median sales price also increased in September, rising to $315,000. This price is about average as far as 2015 price points go, and is 10.5% higher than September of last year.

 

Most likely due to the high number of sales, the inventory decreased for the second month in a row, and more sharply this month. There is currently a 1.7 months supply, which is the lowest inventory in the past 18 months.

 

Condo owners: this market is for you!

If you are thinking of selling your 90815 condo, the market trends are currently in your favor. Inventory is very low and prices are high! And if you’re not a condo owner, or looking to buy in the area, don’t stress! We have a strategic system to ensure you get only the best for your money. Call us today with any questions, we’re happy to help! 562.896.2456

 

How does the 90815 market compare to Long Beach as a whole? Click here to find out.

 

Homes for Sale in 90815

New Listing - 2 weeks online
$2,590,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
4,356
SQFT
5450 E El Jardin Street
Long Beach, CA 90815
Park Estates (PE) Subdivision
$2,149,999
Single Family Home For Sale
Active Under Contract
5
BED
4
TOTAL BATHS
4,134
SQFT
1171 Bryant Road
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,895,000
ResidentialIncome For Sale
Active
0.2556
ACRES
LOS ANGELES
COUNTY
5341 E El Parque Street
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,690,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,958
SQFT
5400 E Las Lomas Street
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,575,000
Single Family Home For Sale
Active
4
BED
4
TOTAL BATHS
3,127
SQFT
5441 E Anaheim Road
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,479,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,934
SQFT
721 Pepper Tree Lane
Long Beach, CA 90815
Bixby Hill (BBH) Subdivision
$1,399,000
Single Family Home For Sale
Active
5
BED
4
TOTAL BATHS
4,220
SQFT
6471 E El Jardin Street
Long Beach, CA 90815
La Marina Estates (LME) Subdivision
New Listing - 4 weeks online
$1,399,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,045
SQFT
6415 E Shire Way
Long Beach, CA 90815
 
$1,398,000
Single Family Home For Sale
Active
3
BED
3
TOTAL BATHS
2,320
SQFT
1450 Ramillo Avenue
Long Beach, CA 90815
Park Estates (PE) Subdivision
$1,100,000
Single Family Home For Sale
Active
5
BED
5
TOTAL BATHS
3,058
SQFT
2481 Terraine
Long Beach, CA 90815
 
New Listing - a week online
$1,095,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
3,054
SQFT
6510 E Driscoll Street
Long Beach, CA 90815
La Marina Estates (LME) Subdivision
$1,085,000
Single Family Home For Sale
Active
3
BED
2
TOTAL BATHS
2,124
SQFT
5584 E Oleta Street
Long Beach, CA 90815
Park Estates (PE) Subdivision
$999,000
Single Family Home For Sale
Active
5
BED
3
TOTAL BATHS
3,077
SQFT
6413 E Belen Street
Long Beach, CA 90815
 
New Listing - 3 weeks online
$995,000
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
2,100
SQFT
5970 E Fairbrook
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
New Listing - a week online
$945,000
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
2,310
SQFT
2041 Chatwin Avenue
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
$929,900
Single Family Home For Sale
Active Under Contract
4
BED
3
TOTAL BATHS
1,928
SQFT
2320 Fanwood Avenue
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
$899,900
Single Family Home For Sale
Active Under Contract
4
BED
2
TOTAL BATHS
1,824
SQFT
5872 E Rogene Street
Long Beach, CA 90815
Los Altos/North of Fwy (LNF) Subdivision
New Listing - a week online
$860,000
Single Family Home For Sale
Active Under Contract
3
BED
2
TOTAL BATHS
1,721
SQFT
2256 Faust Avenue
Long Beach, CA 90815
Los Altos/South of Fwy (LSF) Subdivision
$849,500
Single Family Home For Sale
Active
4
BED
3
TOTAL BATHS
1,884
SQFT
2415 Petaluma Avenue
Long Beach, CA 90815
Plaza South of Spring (PZS) Subdivision
New Listing - 2 weeks online
$849,000
Multi-Family For Sale
Active
0.1577
ACRES
LOS ANGELES
COUNTY
2296 Euclid Avenue
Long Beach, CA 90815
Artcraft Manor (AM) 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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