Long Beach CA Real Estate Market Update January 2021

Real Estate Market Update_January 2021 (1)

The hot seller’s market in Long Beach continued throughout the month of December 2020. The median home price was up for both single-family homes and condos. Inventory and new listings remained down for single-family homes and the seller advantage continued. The average number of days on the market was just 22! This is low at any time, but especially in December, a traditionally “slow” month in real estate. Days on the market was down 52.2% compared to this time last year.

What do these numbers mean?

The seller’s market is continuing with no sign of stopping. If you have been sitting on the sidelines waiting for the right time to list your home, now is the right time to leverage your equity and cash out. 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, you’re not alone. Buyer demand is up, so it’s important to get started with plenty of time to shop around. 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.

January 2021

Long Beach

Lakewood

Signal Hill

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.

90802

90803

90804

90805

90806

90807

90808

90813

90814

90815

Other Recent Articles

Don’t Let Contingencies Kill Your Real Estate Transaction

Condos vs Houses

Perfect House, Wrong Neighborhood?

How to Buy a Home in a Strong Seller’s Market

Why You Need a Pre-Approval

Contact Form

We would love to hear from you! Please fill out this form and we will get in touch with you shortly.
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)