Real Estate Market Update for Los Altos, La Marina Estates, Park Estates – 90815 Real Estate
Median home prices in 90815 climbed last month to their highest peak in years. The median home price of $625,000 is 14.6% higher than it was in October 2014.
Closed sales are also up over last year. The 43 home sales last month represents a 19.4% increase from October 2014.
Homes are selling quickly and very close to list price. The median time it took to sell a home last month was 37 days, down 26% from October 2014. The median selling price was 98.8% of list price, up 1.4% from the same time period last year.
The supply of homes for sale in 90815 is very low, at a 2.2 month supply, which is in line with the supply of homes in Long Beach as a whole.
The combination of appreciating prices, fast sales, and low inventory makes this an ideal market to sell a home in 90815. If you’ve been considering selling your home or would be interested in finding out what it’s worth, please fill out the contact form below and we’d be happy to help.
Wondering how 90815 compares to Long Beach overall? Click here for an update on the Long Beach real estate market. If you’d like information on what your home is worth or are thinking of buying or selling real estate in 90815 or another area, please fill out the contact form at the bottom and we’d be happy to help.
