The Peninsula, Long Beach, CA

Real Estate Market Update for 90803

shannonjones Belmont Heights , Belmont Shore , CA , California , City of Long Beach , Long Beach , Long Beach Condos , long beach homes , Long Beach Real Estate , Real Estate , Real Estate Market Update Leave a Comment

What’s Going On with the Real Estate Market in 90803?

 

After declining earlier this year, median home prices in 90803 have been on the upswing. In July 2015, the median home price in 90803 was $1,127,000, up $115,500 from June 2015 and $147,000 higher than in July 2014.

 

The number of closed home sales in 90803 was slightly higher than July 2014 but down from June. Nonetheless, the 21 home sales in July far exceeded the 6 sales that occurred in January of this year.

If you are thinking of selling your home in Belmont Shore, Naples, Belmont Park or other 90803 neighborhoods, now is a great time to sell for top dollar. Since the beginning of the year, the median percentage of original price to sales price has been on an upward trend. As of July 2015, the median percentage was at 98.2%, which is the highest it has been in the past four years.

While much of Long Beach is experiencing a shortage of housing inventory with only about a 2 month supply of available homes for sale, 90803 is about a five month supply of homes for sale. This is considerably higher than it was earlier this year.

Condo sales prices in 90803 have not been appreciating as quickly as house prices.  As of July 2015, the median condo sales price in 90803 was $522,000. While up significantly from the previous month, that represents a decline from January 2015 as well as from July 2014.

If you are thinking of buying a condo in 90803, there are plenty of options for you to choose from. In July 2015, there were 29 new condo listings. There were only 15 new listings in June.

 

Want to see how the Real Estate Market in 90803 compares to the rest of Long Beach? Click here to find out!

 

Current Homes for Sale in 90803

$4,250,000
For Sale
4
Beds
3
Baths
3,336
Sq Ft
150 Rivo Alto Canal
Long Beach, CA 90803
Single Family Residence - Active
$3,150,000
For Sale
5
Beds
4
Baths
3,900
Sq Ft
6601 E Seaside Walk
Long Beach, CA 90803
Single Family Residence - Active
$2,598,000
For Sale
3
Beds
1,815
Sq Ft
5477 E Sorrento Drive
Long Beach, CA 90803
Single Family Residence - Active
$1,878,800
For Sale
4
Beds
4
Baths
4,589
Sq Ft
121 Geneva
Long Beach, CA 90803
Single Family Residence - Active
$1,799,900
For Sale
3
Beds
2
Baths
3,448
Sq Ft
219 Prospect Avenue
Long Beach, CA 90803
Single Family Residence - Active
$1,750,000
For Sale
7
Beds
5
Baths
4,027
Sq Ft
139 Lindero Avenue
Long Beach, CA 90803
Single Family Residence - Active
New Listing - 2 weeks online
$1,550,000
For Sale
4
Beds
3
Baths
2,465
Sq Ft
5728 Campo Walk
Long Beach, CA 90803
Single Family Residence - Active
$1,395,000
For Sale
4
Beds
3
Baths
2,224
Sq Ft
180 Savona Walk
Long Beach, CA 90803
Single Family Residence - Active
$1,275,000
For Sale
4
Beds
3
Baths
2,040
Sq Ft
147 Quincy Avenue
Long Beach, CA 90803
Single Family Residence - Active
$1,059,000
For Sale
3
Beds
2
Baths
2,686
Sq Ft
6243 Majorca Circle
Long Beach, CA 90803
Single Family Residence - Active
$1,030,000
For Sale
2
Beds
2
Baths
1,450
Sq Ft
5324 E Appian Way
Long Beach, CA 90803
Single Family Residence - Active
$865,000
For Sale
3
Beds
2
Baths
1,534
Sq Ft
6240 E Vista Street
Long Beach, CA 90803
Single Family Residence - Active

Search Homes for Sale in Belmont Shore, Naples, & Other 90803 Long Beach Neighborhoods

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Beds
Baths
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