Long Beach Real Estate Update – June 2015

By City of Long Beach, Featured Articles, Long Beach Real Estate, Real Estate, Real Estate Market Update June 12, 2015

Long Beach Real Estate Market Remains a “Seller’s Market”

Potential home sellers take note: The real estate market in Long Beach is still a strong seller’s market. The inventory of homes for sale in May 2015 was down to a 2.2 month supply and the average sales price for a single family home was $588,640.

The average price per square foot for homes sold in May 2015 was $399, up from $378 the previous month and from $362 a year ago.

Condo prices have also been increasing, with the average sales price in May 2015 at $356,670.

The average sales price for multi-family properties in Long Beach in May 2015 was $820,645, up from the previous month, but down from a peak last fall.

About the Author
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Shannon Jones, Team Leader & CEO

Shannon Jones has been providing real estate expertise for buyers and sellers in Long Beach and surrounding areas since 1998. She's no longer personally opening doors, yet she continues to provide guidance, connecting clients with experts and resources developed over decades. A California native, Shannon enjoys gardening, travel, reading, and cooking. Service areas: Long Beach and adjacent communities in Los Angeles County and Orange County.

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