Long Beach Real Estate Market Update

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!)

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

Homes for Sale in Long Beach

No Results Found.

Condos for Sale in Long Beach

$4,200,000
Condo For Sale
Active
0.105
ACRES
LOS ANGELES
COUNTY
19 Granada Avenue
Long Beach, CA 90803
Belmont Shore (Bsd) Subdivision
$2,400,000
Condo For Sale
Active
0.1085
ACRES
LOS ANGELES
COUNTY
4231 E 10th Street
Long Beach, CA 90804
Eastside (Es) Subdivision
$1,975,000
Condo For Sale
Active
0.1492
ACRES
LOS ANGELES
COUNTY
380 Temple Avenue
Long Beach, CA 90814
Bluff Park (Blf) Subdivision
$1,800,000
Condo For Sale
Active
0.1462
ACRES
LOS ANGELES
COUNTY
1604 Orizaba Avenue
Long Beach, CA 90804
Eastside (Es) Subdivision
$1,750,000
Condo For Sale
Active
0.0986
ACRES
LOS ANGELES
COUNTY
5000 E Broadway
Long Beach, CA 90803
Other (Othr) Subdivision
$1,735,000
Condo For Sale
Active
0.2024
ACRES
LOS ANGELES
COUNTY
4721 Clark Avenue
Long Beach, CA 90808
Lakewood Village (Lkvl) Subdivision
Price Change - 6 days ago
$1,695,000
Condo For Sale
Active
0.1264
ACRES
LOS ANGELES
COUNTY
2223 E Ocean
Long Beach, CA 90803
Bluff Park (Blf) Subdivision
$1,679,000
Condo For Sale
Active
0.2282
ACRES
LOS ANGELES
COUNTY
123 W 52nd Street
Long Beach, CA 90805
North Long Beach (Nlb) Subdivision
$1,675,000
Condo For Sale
Active
0.056
ACRES
LOS ANGELES
COUNTY
5914 E Ocean Boulevard
Long Beach, CA 90803
Peninsula (Pi) Subdivision
$1,625,000
Condo For Sale
Active
0.1438
ACRES
LOS ANGELES
COUNTY
349 N Colorado Place
Long Beach, CA 90814
Bluff Park (Blf) Subdivision
Price Change - 2 weeks ago
$1,550,000
Condo For Sale
Active
4
BEDS
2
TOTAL BATHS
1,974
SQFT
14 Loma Avenue
Long Beach, CA 90803
Bluff Park (Blf) Subdivision
$1,395,000
Condo For Sale
Active
0.1377
ACRES
LOS ANGELES
COUNTY
2372 Atlantic Avenue
Long Beach, CA 90806
 
$1,374,000
Condo For Sale
Active
0.0831
ACRES
LOS ANGELES
COUNTY
5819 E 2nd Street
Long Beach, CA 90803
Belmont Park (Bp) Subdivision
New Listing - 6 days online
$1,300,000
Condo For Sale
Active
0.1412
ACRES
LOS ANGELES
COUNTY
4117 E Theresa Street
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
$1,298,000
Condo For Sale
Active
0.2517
ACRES
LOS ANGELES
COUNTY
1223 E 15th Street
Long Beach, CA 90813
Poly High (Ph) Subdivision
New Listing - 3 days online
$1,250,000
Condo For Sale
Active
0.191
ACRES
LOS ANGELES
COUNTY
430 E Freeland Street
Long Beach, CA 90807
Bixby Knolls (Bk) Subdivision
New Listing - 4 weeks online
$1,200,000
Condo For Sale
Active
3
BEDS
3
TOTAL BATHS
1,760
SQFT
400 W Ocean Boulevard #1602
Long Beach, CA 90802
Downtown (Dt) Subdivision
$1,189,900
Condo For Sale
Active
6
BEDS
4
TOTAL BATHS
2,448
SQFT
1021 Bennett Avenue
Long Beach, CA 90804
Belmont Heights (Bh) 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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