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 - yesterday
$689,000
Single Family Home For Sale
Active
3
BEDS
1
TOTAL BATH
1,190
SQFT
2434 Daisy Avenue
Long Beach, CA 90806
 
New Listing - a week online
$1,600,000
Multi-Family For Sale
Active
4,032
SQFT
164 E Eagle Street #1-4
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - a week online
$699,990
Single Family Home For Sale
Active
3
BEDS
1
TOTAL BATH
990
SQFT
3337 Magnolia Avenue
Long Beach, CA 90806
 
Open House Sat, Jul 24, 8 PM UTC
Please verify times due to COVID-19
$450,000
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
828
SQFT
859 W 34th Street #E
Long Beach, CA 90806
 
New Listing - a week online
$789,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,558
SQFT
2729 Daisy Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - a week online
$761,300
Single Family Home For Sale
Active
3
BEDS
2
TOTAL BATHS
1,487
SQFT
2410 Earl Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - a week online
$949,000
Multi-Family For Sale
Pending
2,236
SQFT
465 W 25th Street
Long Beach, CA 90806
 
Foreclosure
$845,000
Multi-Family For Sale
Active
1,904
SQFT
534 E 19th Street
Long Beach, CA 90806
 
New Listing - 2 weeks online
$665,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,000
SQFT
634 W 31st Street
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
Open House Sat, Jul 24, 6 PM UTC
Please verify times due to COVID-19
$549,999
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
730
SQFT
230 W 20th Street
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - 4 weeks online
$431,000
Single Family Home For Sale
Pending
2
BEDS
1
TOTAL BATH
732
SQFT
2245 Pine Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
New Listing - 4 weeks online
$981,000
Single Family Home For Sale
Pending
4
BEDS
3
TOTAL BATHS
2,724
SQFT
2686 Oregon Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
$760,000
Single Family Home For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,513
SQFT
2659 Eucalyptus
Long Beach, CA 90806
 
$949,000
Multi-Family For Sale
Pending
2,497
SQFT
2433 Ave E Cedar Avenue
Long Beach, CA 90806
 
$1,300,000
Multi-Family For Sale
Active
3,280
SQFT
2535 Magnolia Avenue
Long Beach, CA 90806
 
$1,350,000
Multi-Family For Sale
Pending
2,754
SQFT
2351 Chestnut Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
$1,200,000
Multi-Family For Sale
Pending
2,978
SQFT
2661 Daisy Avenue
Long Beach, CA 90806
Wrigley Area (Wr) Subdivision
$649,000
Single Family Home For Sale
Pending
4
BEDS
2
TOTAL BATHS
1,476
SQFT
2240 San Francisco Avenue
Long Beach, CA 90806
 
$1,100,000
Multi-Family For Sale
Pending
0.14
ACRES
LOS ANGELES
COUNTY
239 E Spring
Long Beach, CA 90804
Wrigley Area (Wr) Subdivision
$580,000
Single Family Home For Sale
Active
2
BEDS
1
TOTAL BATH
804
SQFT
2311 Earl 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 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)

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