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

New Listing - 2 weeks online
$2,500,000
Condo For Sale
Active
3
BEDS
3
TOTAL BATHS
2,685
SQFT
525 E Seaside Way #PH5
Long Beach, CA 90802
 
New Listing - 3 days online
$1,800,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,794
SQFT
1400 E Ocean Boulevard #1201
Long Beach, CA 90802
Ocean Terrace (Oct) Subdivision
New Listing - a week online
$1,750,000
Condo For Sale
Active
2
BEDS
3
TOTAL BATHS
2,090
SQFT
1310 E Ocean Boulevard #1403
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - 3 days online
$1,595,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,866
SQFT
1000 E Ocean Boulevard #717
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - 3 weeks online
$1,375,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,540
SQFT
1310 E Ocean Boulevard #1506
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
$1,325,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,540
SQFT
1310 E Ocean Boulevard #1107
Long Beach, CA 90802
Other (Othr) Subdivision
Price Change - 2 weeks ago
$1,195,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,540
SQFT
1310 E Ocean Boulevard #1007
Long Beach, CA 90802
Other Subdivision
$1,149,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,970
SQFT
1000 E Ocean Boulevard #409
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - 3 weeks online
$1,100,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,369
SQFT
850 E Ocean Boulevard #406
Long Beach, CA 90802
Other (Othr) Subdivision
New Listing - a week online
$1,079,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,118
SQFT
5400 E The Toledo #610
Long Beach, CA 90803
Portofino (Por) Subdivision
Price Change - 2 days ago
$999,995
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,557
SQFT
1310 E Ocean Boulevard #306
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - 3 days online
$988,888
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,409
SQFT
1000 E Ocean Boulevard #103
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - 3 days online
$980,000
Condo For Sale
Active
3
BEDS
3
TOTAL BATHS
1,769
SQFT
5412 Heron Bay
Long Beach, CA 90803
Spinnaker Cove (Sc) Subdivision
Open House Sat, Jul 24, 6 PM UTC
Please verify times due to COVID-19
$930,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,326
SQFT
1500 E Ocean Boulevard #514
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
Price Change - a week ago
$929,850
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,370
SQFT
850 E Ocean Boulevard #902
Long Beach, CA 90802
 
$929,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,690
SQFT
100 Atlantic Avenue #1200
Long Beach, CA 90802
Royal Palms (Rp) Subdivision
Open House Sat, Jul 24, 8 PM UTC
Please verify times due to COVID-19
$900,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,440
SQFT
1174 E Ocean Boulevard #9
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - a week online
$899,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,440
SQFT
400 W Ocean Boulevard #1002
Long Beach, CA 90802
 
Price Change - 4 days ago
$870,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,542
SQFT
850 E Ocean Boulevard #311
Long Beach, CA 90802
Alamitos Beach (Ab) Subdivision
New Listing - 2 weeks online
$869,500
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,012
SQFT
2601 E Ocean Boulevard #809
Long Beach, CA 90803
Versailles (Vrs) 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 bachelor's degree from UC Irvine and a master's 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)

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