Fall 2018 Real Estate Market Update

shannonjones Real Estate Leave a Comment

Is The Real Estate Market Finally Getting Back to Normal? The housing market has been anything but normal for the last eleven years. In a normal real estate market, home prices appreciate 3.7% annually. Below, however, are the price swings since 2007 according to the latest Home Price Expectation Survey: After the bubble burst in June 2007, values depreciated 6.1% annually until February …

Long Beach Area Spring Real Estate Market Update

shannonjones Featured Articles , Real Estate Leave a Comment

Nationally, the three most prominent residential real estate market trends are the ongoing lack of inventory, the steadily upward movement of home prices and year-over-year declines in home sales. Those trends are for the most part true in Long Beach as well. The inventory of houses for sale in Long Beach for the past 12 month is 1.8% below the prior year, …

Southern California real estate

Home Prices Soar

shannonjones Featured Articles , Real Estate , Real Estate Market Update Leave a Comment

Southern California home prices went up in July across Southern California as the already hot housing market saw continued high demand and persistently low inventory. According to a report from CoreLogic, the six-county Southern California area’s median price climbed 7.7% from a year earlier, hitting $501,000. Despite the fact that the market rebound is now in its sixth year, the …

stairs - real estate market

Summer 2017 Real Estate Market Update

shannonjones Featured Articles , Real Estate Market Update Leave a Comment

Homes in Southern California are selling like hotcakes, with record selling times and prices in some local markets. After watching prices climb for five years, some home buyers are feeling that they may miss out on an opportunity to purchase if they don’t act fast; as a result, homes that are attractive and priced well are frequently selling with multiple offers …

Local Market Update May 2017

shannonjones Featured Articles , Real Estate , Real Estate Market Update Leave a Comment

Home prices have continued to rise locally and inventory has continued to decline, making this a potentially lucrative time to sell a home. Homes that show well and are priced correctly have been selling quickly, often at higher prices than asking and with multiple offers. There is typically an increasing amount of buyer competition during the annual spring market cycle, and …

april-2017-real-estate-market-update

April 2017 Real Estate Market Update

shannonjones Featured Articles , Real Estate Market Update Leave a Comment

The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is …

March Real Estate Market Update

shannonjones Featured Articles , Real Estate Leave a Comment

The start of the year ushered in a wave of good news about a hot stock market, higher wages and an active home sales environment. At the same time, housing prices have continued to rise, and the low inventory situation and affordability crunch has been particularly hard on first-time buyers struggling to get into the market. Nevertheless, buyer activity is …

Spring Shaping Up to Be a Strong Seller’s Market

shannonjones Featured Articles , Real Estate Leave a Comment

Real Estate Market Road Signs Point to A Seller’s Market Homes sales were strong in Long Beach in January, with the median price of a single family home at $580,000, up 12.3% from January 2016. Total closed sides of single family homes in Long Beach were at 257 for the month, down 9.5% from January 2016. However, this may be …

real-estate-market-updatenovember-2016-1

Real Estate Market Update – November 2016

shannonjones Featured Articles , Real Estate Leave a Comment

A Look at the Local and California Real Estate Market Statewide and locally, October’s real estate market showed healthy increases in median prices. Inventory remains extremely low, both statewide and in our local market. Statewide, the median price remained above the $500,000 mark for the seventh straight month, with little signs of slowing down. The median price of an existing, …

90815 Market Update

90815 Market Update: October 2016

shannonjones Long Beach Real Estate , Los Altos Real Estate , Real Estate , Real Estate Market Update Leave a Comment

90815 Market Update: Real Estate Statistics and Information for the 90815 Areas of Long Beach, CA Including the Neighborhoods of Los Altos, Park Estates, La Marina Estates, and other 90815 Areas of Long Beach The median home price in 90815 sat at $630,000 last month, showing a slight decline from August’s $650,000. While the last couple months have shown a …