Wrigley Real Estate Update – June 2015

The Wrigley real estate market in Long Beach continues to be hot, with low inventory and high demand. The average sales price for homes sold in 90806 in May 2015 was $403,900, up from the previous month but slightly lower than in March 2015, when the average was $416,636.

The average price per square foot for homes sold in May 2015 was $330, up from the previous month as well as above the average last May.

Homes are selling quickly in the area, with the median time on market last month 26 days.

Ten homes closed escrow in 90806 in May 2015, which is consistent with sales volume for the past several months.

One factor limiting the sales volume is the number of homes that are actually on the market in Wrigley. 13 homes were listed last month, and there were 23 single family homes for sale in 90806 in May 2015, far below the 49 on the market a year ago.

The current inventory of homes for sale in 90806 represents a 1.8 month supply, compared to a 3.8 month supply in May 2014 and well below the peak in 2011 when there was a more than 7 month supply of homes for sale.

As a result of the low inventory and continued high demand, we are experiencing a “seller’s market” in the Wrigley area and homes are frequently selling at list price or very close to it, and in some cases above the list price. As of last month, the average list price to sales price ratio in the area was 98.8%.

Homes for Sale in Wrigley

New Listing - 3 days online
$619,000
Single Family Home For Sale
Active
3
BEDS
1
TOTAL BATH
1,192
SQFT
3529 Eucalyptus Avenue
Long Beach, CA 90806
Wrigley Heights (Wh) Subdivision
New Listing - 6 days online
$475,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
892
SQFT
1959 Henderson Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - 6 days online
$725,000
Condo For Sale
Active
0.0621
ACRES
LOS ANGELES
COUNTY
116 W Eagle Street
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - a week online
$540,000
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,366
SQFT
2312 Earl Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - a week online
$730,000
Single Family Home For Sale
Active
3
BEDS
1
TOTAL BATH
1,308
SQFT
2111 Eucalyptus Avenue
Long Beach, CA 90806
 
New Listing - a week online
$649,000
Single Family Home For Sale
Active
3
BEDS
1
TOTAL BATH
1,156
SQFT
2865 San Francisco Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
$1,600,000
Single Family Home For Sale
Active
0.1081
ACRES
LOS ANGELES
COUNTY
2185 Pacific Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
Price Change - a week ago
$869,950
Condo For Sale
Active
0.1336
ACRES
LOS ANGELES
COUNTY
2223 Locust Avenue
Long Beach, CA 90806
Other (Othr) Subdivision
Price Change - a week ago
$570,000
Single Family Home For Sale
Active
4
BEDS
2
TOTAL BATHS
1,495
SQFT
1851 Magnolia Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
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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