Wrigley Mid-Year Real Estate Update

After a dip in May, the median home price in Wrigley climbed in June 2015 to $437,500, its highest level so far this year. Wrigley home price appreciation has lagged behind the overall trend in Long Beach, however.

The inventory of homes for sale in Wrigley has been in decline each month this year and continued that trend last month, dipping to a 1.6 month supply of homes for sale. In comparison, Long Beach overall has a 2.6 month supply of homes for sale.

The low inventory contributed to speedy sales in June 2015, with Wrigley’s closed home sales averaging just 22 days on market, far below the 65 days on market average in January. The average days on market for homes sold in Long Beach in June was 65.

Closed sales in Wrigley reached their highest point this year in June with 16 closed sales. That volume, however,  was below the spike in sales that occurred between July and October of 2014.

As of July 8, 2015, there were 14 homes on the market in Wrigley, ranging in price from $299,900 to $575,000. Additionally, there were 17 homes in “pending” status, in escrow, and an additional 10 homes in “backup” status, meaning they are under contract but the homeowners would consider backup offers.

Homes that are priced well and in great condition are in high demand in Wrigley right now as more first-time buyers are entering the market, propelled in part by the fear of interest rates inching up. With the low inventory and high demand, this is a good time to list and sell a home in the Wrigley neighborhood. If you’re wondering what these statistics mean for the price of your Wrigley home, you can obtain a fast, automated report on your home’s value at PriceMyLongBeachHome.com. Or call The Shannon Jones Team at 562.896.2456 and we’d be happy to prepare a more detailed, personalized valuation report for you.

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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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