Wrigley Real Estate Market Update
October 2015
After an increase at the end of summer, the number of closed sales of single family homes in the Wrigley area has leveled off in September 2015, with 11 closed sales. August and September saw the highest number of closed sales for 2015 so far.
Since mid-summer, inventory levels for single family homes have been rising, and September followed the trend. There is currently a 2.6 months supply of inventory, which is 13% higher than this time last year.
After reaching a record high in July at $485,000, the median sales price for single family homes in Wrigley dropped for the second month in a row. The median sales price is currently at $420,000.
The median number of days on market rose slightly in September, to 42 days. This is 27.3% higher than this time last year.
A great time for buyers!
The current market trends show that now is a great time to buy in the Wrigley area. Inventory is high and prices are low. If you are thinking of making a move to the Wrigley area, give us a call today at 562.896.2456.
How does the Wrigley market compare to Long Beach as a whole? Find out now!
