Historically, November and December are known as “slow months” in real estate, but this year that couldn’t be further from the truth. Home buying continues to be at an all time high thanks to low interest rates. Even the holidays aren’t deterring potential home buyers from looking at homes. Last month in Long Beach, closed sales for single-family homes were up 30.9% compared to this time last year, despite the Thanksgiving holiday. Condo sales were even higher with 128 closed sales – up a crazy 56.1%! While condos are being listed more frequently this year than last year, this is not the case for single family homes. New listings are down 14.1%.
What do these numbers mean?
Plain and simple, sellers currently have an advantage in the market. If you have been sitting on the sidelines waiting for the right time to list your home, now is the right time. For buyers, it’s more important than ever that you start your home search early and with experts by your side. Patience is key, as well as the understanding that the first house you like may not be the one you get.
Sellers: To get started, with the selling process click HERE for a free home valuation. You can also give us a call at 562.896.2456, or fill out the contact form at the bottom of the page. We’d love to chat and figure out what your home is worth and whether selling is the right move for you!
Download your free seller’s guide HERE.
Buyers: If you’re looking to buy in 2021, now is the time to get started. Give us a call at 562.896.2456 so we can set up an appointment for you with a lender and start talking budget. We can also set up a personalized home search for you so you can be the first to know when new listings hit the market.
Download your free buyer’s guide HERE.
While many homes are selling quickly with multiple offers, some neighborhoods are moving more quickly than others, and some areas are showing stronger prices. If you’d like to know about the statistics in your neighborhood or you’re curious about the value of your home in Long Beach CA or surrounding areas, let us know. We’d be happy to help.
For a quick snapshot of the different zip codes, please scroll down for more information.
Long Beach Zip Codes
While much of Long Beach’s real estate market is similar, there is some variation between zip codes, as illustrated by the numbers below. If you’d like more information, please reach out to us.