Real Estate Market Update for 90807

What’s Going On in 90807?

Median home sales prices for single family homes in 90807 has been a bit sporadic so far in 2015, but prices in July are at $612,000 – up $62,000 from June 2015 and $97,000 from July 2014.

Despite a slight dip last month, closed homes sales have been on a steady upward trend throughout 2015 in 90807, which includes California Heights, Bixby Knolls, and Virginia Country Club.

If you are thinking about selling your home in 90807, now may be a great time. The month’s supply of homes has been dropping over the past few months and is currently at 2.3. This is the lowest inventory of homes for sale in 90807 since May 2013.

With low inventory and high demand, the time it takes to sell a home is relatively low. The median days on market was at its lowest point in July 2015. At just 33 days, that is half the 66 days on market recorded in January 2015.

Meanwhile,  median sales prices for condos in 90807 have increased slightly the past few months but remain below where they were this time last year, or even earlier this year.

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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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