Long Beach Real Estate Market Update

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Long Beach Real Estate Market Update
October 2015

After a slight decrease over the summer months, the number of closed sales on single family homes is on the rise again throughout Long Beach. In September 2015 there were 227 closed sales, which is 15.2% higher than this time last year.

 

Overall, the inventory of available  single family homes for sale  in Long Beach has been decreasing this past year. For September 2015, there was a 2.4 months supply, which is 25% lower than last year.

 

The median sales price for single family homes in Long Beach has been jumping around a bit this past year. After a peak in June, the median price dropped in September 2015 to $499,900.

 

Long Beach is becoming a more and more desirable city to live in, and likely because of that combined with the low inventory, houses have been selling rather quickly this past year. The median days on market has been more or less around a month and a half, with September averaging out at 43 days.

 

Long Beach Condo Sales

After a slight drop over the summer months, Long Beach condo sales are up again. This September saw 109 closed condo sales, which ranks as the third-highest month of the year and is 21.1% higher than September 2014.

 

The median sales price for condos has been trending up over the past several years, and this month followed suit. In September, the median condo sales price came to $315,000, which is $15.6% higher than this time last year.

 

Perhaps due to increased popularity in Long Beach condos, the months supply of inventory declined for the third month in a row. Currently there is a 2.6 months supply, which is 36.6% lower than last year.

 

A great time to sell!

This market is great for anyone looking to sell their Long Beach home or condo. Sales are up in both categories, and inventory for both is low. (Hint: low inventory means less competition, and less competition means more money in your pocket!)

Want to see how your neighborhood compares to Long Beach as a whole? Visit the links below to find out!

90802 Real Estate Market Update

90803 Real Estate Market Update

90804 Real Estate Market Update

90807 Real Estate Market Update

90808 Real Estate Market Update

90814 Real Estate Market Update

90815 Real Estate Market Update

Wrigley Real Estate Market Update

If you are thinking of selling your home, we’d be happy to help! Call us today at 562.896.2456 or fill out the form below to receive a market evaluation of your home.

 

Free Home Evaluation

The value of your home has most certainly changed since you bought it! Take a few seconds to fill out the form below and we'll prepare an expert market analysis of your home at no cost!
  • Tell us a little bit about your situation
  • Where is the property located?
  • Who can we contact with your completed market analysis?

 

Homes for Sale in Long Beach

No Results Found.

 

Condos for Sale in Long Beach

New Listing - 2 weeks online
$2,900,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
2,810
SQFT
207 E Broadway #801
Long Beach, CA 90802
Downtown (DT) Subdivision
$2,800,000
Condo For Sale
Active
10
BED
8
TOTAL BATHS
5,292
SQFT
421 3rd W
Long Beach, CA 90802
Downtown (DT) Subdivision
$1,499,000
Condo For Sale
Active
7
BED
6
TOTAL BATHS
3,200
SQFT
434 Newport Avenue
Long Beach, CA 90814
Belmont Heights (BH) Subdivision
$1,399,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,140
SQFT
700 E Ocean Boulevard #3007
Long Beach, CA 90802
International Towers (ITT) Subdivision
New Listing - 2 weeks online
$1,299,999
Condo For Sale
Active
2
BED
3
TOTAL BATHS
3,031
SQFT
2415 E Ocean Boulevard #2
Long Beach, CA 90803
Bluff Park (BLF) Subdivision
$1,259,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,663
SQFT
1000 E Ocean Boulevard #301
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$1,250,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,409
SQFT
1000 E Ocean Boulevard #305
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
Price Change - 4 weeks ago
$1,250,000
Condo For Sale
Active
4
BED
3
TOTAL BATHS
2,022
SQFT
5586 E Ocean Boulevard
Long Beach, CA 90803
Peninsula (PI) Subdivision
$1,195,000
Condo For Sale
Active
3
BED
3
TOTAL BATHS
2,262
SQFT
488 E Ocean Boulevard #P3
Long Beach, CA 90802
Downtown (DT) Subdivision
$1,150,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,409
SQFT
1000 E Ocean Boulevard #104
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 3 weeks online
$1,099,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,556
SQFT
1400 E Ocean Boulevard #2407
Long Beach, CA 90802
Other (OTHR) Subdivision
$1,098,800
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,952
SQFT
1000 E Ocean Boulevard #715
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 3 weeks online
$1,089,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,510
SQFT
1000 E Ocean Boulevard #403
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
New Listing - 4 days online
$1,079,000
Condo For Sale
Active
3
BED
2
TOTAL BATHS
1,952
SQFT
1000 E Ocean Boulevard #615
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
$1,025,000
Condo For Sale
Active
3
BED
4
TOTAL BATHS
2,180
SQFT
388 E Ocean Boulevard #P1
Long Beach, CA 90802
Downtown (DT) Subdivision
$995,000
Condo For Sale
Active
3
BED
4
TOTAL BATHS
2,330
SQFT
388 E Ocean Boulevard #P5
Long Beach, CA 90802
Downtown (DT) Subdivision
New Listing - 3 weeks online
$995,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,221
SQFT
1 62nd Place #302
Long Beach, CA 90803
Peninsula (PI) Subdivision
New Listing - 3 weeks online
$995,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,330
SQFT
411 W Seaside Way #1901
Long Beach, CA 90802
Downtown (DT) Subdivision
Open House 10/19 at 12PM
$949,500
Condo For Sale
Active
4
BED
3
TOTAL BATHS
2,000
SQFT
2255 E 6th Street
Long Beach, CA 90814
 
$949,000
Condo For Sale
Active
2
BED
2
TOTAL BATHS
1,399
SQFT
850 E Ocean Boulevard #405
Long Beach, CA 90802
Alamitos Beach (AB) Subdivision
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