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

$2,699,000
Condo For Sale
Active
5
BEDS
5
TOTAL BATHS
4,300
SQFT
11 Temple Avenue
Long Beach, CA 90803
 
$2,625,000
Condo For Sale
Active
4
BEDS
5
TOTAL BATHS
3,900
SQFT
9 Temple Avenue
Long Beach, CA 90803
 
$2,200,000
Condo For Sale
Active
3
BEDS
3
TOTAL BATHS
2,777
SQFT
850 E Ocean Boulevard #1503
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
Open House Sat, Jan 29, 7:30 PM UTC
Please verify times due to COVID-19
$1,635,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,726
SQFT
26 &28 5th Place
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - a week online
$1,499,800
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,550
SQFT
1310 E Ocean Boulevard #802
Long Beach, CA 90802
Other (Othr) Subdivision
$1,399,800
Condo For Sale
Active
3
BEDS
3
TOTAL BATHS
2,420
SQFT
1230 E Ocean Boulevard #601
Long Beach, CA 90802
 
Price Change - 3 weeks ago
$1,125,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,540
SQFT
1310 E Ocean Boulevard #507
Long Beach, CA 90802
 
$1,049,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,429
SQFT
359 Termino Avenue
Long Beach, CA 90814
 
New Listing - 3 weeks online
$899,999
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,207
SQFT
1 62nd Place #303
Long Beach, CA 90803
Peninsula (Pi) Subdivision
Open House Fri, Jan 28, 9 PM UTC
Please verify times due to COVID-19
$899,999
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,118
SQFT
5400 E The Toledo #302
Long Beach, CA 90803
Naples (Na) Subdivision
$899,900
Condo For Sale
Active
3
BEDS
3
TOTAL BATHS
2,180
SQFT
150 The Promenade #506
Long Beach, CA 90802
 
New Listing - a week online
$869,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,410
SQFT
411 W Seaside Way #1103
Long Beach, CA 90802
Downtown (Dt) Subdivision
$749,000
Condo For Sale
Active
1
BED
1
TOTAL BATH
853
SQFT
1750 E Ocean Boulevard #1207
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - 3 weeks online
$739,900
Condo For Sale
Active
1
BED
1
TOTAL BATH
827
SQFT
1750 E Ocean Boulevard #1006
Long Beach, CA 90802
Queens Surf (Qs) Subdivision
New Listing - 7 days online
$725,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,401
SQFT
4655 E 4th Street #18
Long Beach, CA 90814
Belmont Heights (Bh) Subdivision
New Listing - 2 weeks online
$699,000
Condo For Sale
Active
1
BED
1
TOTAL BATH
736
SQFT
850 E Ocean Boulevard #1010
Long Beach, CA 90802
Other (Othr) Subdivision
New Listing - 7 days online
$699,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
1,239
SQFT
133 The Promenade #401
Long Beach, CA 90802
Downtown (Dt) Subdivision
$685,000
Condo For Sale
Active
1
BED
1
TOTAL BATH
736
SQFT
850 E Ocean Boulevard #310
Long Beach, CA 90802
 
New Listing - 7 days online
$679,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
1,360
SQFT
207 E Broadway #302
Long Beach, CA 90802
Downtown (Dt) Subdivision
Open House Sat, Jan 29, 8 PM UTC
Please verify times due to COVID-19
$675,000
Condo For Sale
Active
1
BED
2
TOTAL BATHS
1,030
SQFT
300 E 4th Street #310
Long Beach, CA 90802
 
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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