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long beach ca: It's Really Not Too Scary: Long Beach House and Condo Price Trends for Past 2 Years - 10/29/10 04:26 PM
The two-year picture for median selling price of single family homes in Long Beach is a pretty diverse picture, just like the city itself. From September 2008 to September 2010:Interestingly, the overall drop for the SFR from 2 years ago is only 3% from $390,000 to $379000 (per CARETS data). This is in contrast to the median price for Los Angeles County which has increased from $339,500 (Sept. 2009) to $350,000 (per CoreLogic data). There is a 30% decrease in expired house listings, and the number of sold properties is up 15% over two years ago, while the months supply of inventory is down … (0 comments)
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long beach ca: Long Beach Buyers: Looking for a 2 bedroom condo under $200,000? - 07/12/10 12:02 PM
The seller is still looking for a buyer for this listing reduced to $181,000, for a front end unit with 2 bedrooms and 2 bathrooms and no one below. This is a great value in an FHA approved building. Has one parking space in gated garage with storage. This is still an equity sale, but we need a buyer fast!
Interior features are kitchen area Pergo flooring, new kitchen counters, lots of kitchen/dining storage cupboards. New paint, new custom cabinet facings in oak veneer--elementary school is Burrough, and middle school is Hughes. This is a great starter unit for 1st time … (0 comments)
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long beach ca: The 5% and 10% Down Payment Loans Are Back! - 05/07/10 04:34 PM
This is welcome news for borrowers (up to $417,000) whose only option was FHA if they didn't have 10% or 20% down payment funds. This is also welcome news for sellers of single family homes because buyers whose loan amount is $417,000 or less may now borrow with a 5% down payment. Yes, we know there are cash buyers out there with that amount of money, because the FHA buyers in the Southern California market have regularly been beaten down by the all cash buyers or 50% down buyers. But assuming the borrower is well qualified, pre-approved with a lender with a … (2 comments)
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long beach ca: Capital Gains Going Up in 2011! - 04/15/10 05:22 PM
April 15th is now upon us and soon disappearing, but for those who need to consider their capital gains, there is a window until January 1, 2011 before the 20% capital gains tax returns, after an 8-year hiatus at the 15% level.
If you have owned an investment property for more than one year, you could be subject to the long term capital gains tax, and beginning in 2013, an additional 3.8% tax on certain investment income which is subject to income tax, including capital gains, for those in higher income brackets, will also apply.
Investment property owners often consider a 1031 exchange as one method to avoid … (7 comments)
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long beach ca: Capital Gains Going Up in 2011! - 04/15/10 05:21 PM
April 15th is now upon us and soon disappearing, but for those who need to consider their capital gains, there is a window until January 1, 2011 before the 20% capital gains tax returns, after an 8-year hiatus at the 15% level.
If you have owned an investment property for more than one year, you could be subject to the long term capital gains tax, and beginning in 2013, an additional 3.8% tax on certain investment income which is subject to income tax, including capital gains, for those in higher income brackets, will also apply.
Investment property owners often consider a 1031 exchange as one method to avoid … (0 comments)
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long beach ca: Just Sold: 5959 Naples Plaza #105, Long Beach, CA - 03/29/10 02:19 PM
Ideal Naples area location, and there's now even more new opportunity to take advantage of this time to buy: the California tax credit, and the IRS tax credit until the end of April, for a combined potential of $18,000! Which means it can be a really good time for sellers to put their property on the market if they've been waiting for a good time.This one-bedroom-plus-den is not always found in condo floor plans, combined with being in one of the prime locations in Southern California! Please click on the link for more information: 5959 Naples Plaza #105, Long Beach 90803.
… (3 comments)
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long beach ca: Residential Median Sales Price Up 6% in Long Beach - 02/20/10 02:22 PM
After three years of shrinking equity and, at the same time, the expansion of the number of homeowners underwater in home value, the Federal Reserve economists, who conduct "massive research" into mortgage balances and home value changes, have some better news. According to their "flow of funds" survey, "homeowners' net equity grew by nearly $1 trillion" from 1st through 3rd quarter of 2009, and in the 3rd quarter of 2009, net equity increased by $418 billion. The down cycle could be shifting, per this article in the Washington Post (see link).
According to Zillow, the percentage of homeowners with negative equity … (0 comments)
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long beach ca: Three Months of Inventory in Long Beach CA - 12/11/09 08:13 PM
The downward slide in amount of inventory is not in sight. For houses, condos and lofts, as listed in the SoCalMLS, the number of properties for sale in November 2009, per MLS data, numbered 1,180, about 100 properties fewer than in October, and 795 fewer than in November 2008. The Long Beach months supply of inventory has gone from 8 months a year ago to 3 months in November 2009, a steady decline. The high months for new inventory this year were January, March and June. Properties in escrow--272--are up by 30% compared to one year ago, with the highest number … (0 comments)
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long beach ca: Just Sold, Naples Condo in Long Beach CA! - 12/11/09 08:06 PM
Among the questions constantly asked about this condo was if it was a converted apartment building! Not so. Unit was a charming and upgraded in a not-so-common floor plan of a one-bedroom plus den. This was on the market for a long time earlier in the yaer before finally getting an offer from a motivated buyer and short sale approval from the bank.
This lovely condo with one (inside) parking space sold for $315,000 and just closed in December.
The building is in a prime location next to Alamitos Bay in a beautiful neighborhood of many luxury homes. The homeowner association has put … (1 comments)
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long beach ca: Just Sold, Stoneybrook Condo in Long Beach CA - 11/06/09 10:58 AM
Stoneybrook is a large development, built in 1970 but converted to condos about 20 years ago from its original life as a large multi-building apartment complex.
This 693 sq. ft. 1/bd 1/ba condominium with monthly HOA dues of $323 sold for full price at $210,000, one of the lowest sales in Stoneybrook in the current market. These are great one-bedroom floors plans because the bathroom is off the hall, and the balconies are full length across the entire width of the unit. Seen here is the lovely view from the balconey of the neighboring area of the complex. The common area features swimming pools, a … (1 comments)
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long beach ca: Long Beach CA Residential Inventory Down by Almost Half - 10/10/09 09:35 AM
The September graph, shows for a one-year period, the number of for sale residential properties throughout the City of Long Beach (single family houses, condos and lofts). In September 2008, there were 2,265 properties on the market; in September 2009, there were 1,247.The overall Long Beach months supply of inventory in the same period decreased from 7 months in September 2008, to 2 months in September 2009. In other words, at the present rate of sale, all existing inventory would be sold in two months.
For finding (all of Southern California plus) Long Beach, Cerritos, Lakewood, Bellflower, Seal Beach, Huntington Beach and … (3 comments)
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long beach ca: What Would 4,560 More Properties Mean For Your Listing's Competition? - 08/21/09 10:08 AM
There is a great deal of talk lately about the upward climb in sales, that maybe we're seeing the bottom of the market, and that prices are down from this time last year, but it's the 5th straight month of sales increases, and the best sales record in several years . . . so maybe prices are stabilizing, or even headed up a little? That's happening in some places, and yesterday's great REO panel of experienced brokers even said it's impossible to underprice a property today because it will get multiple offers and sell for more.But take a look at the … (1 comments)
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long beach ca: What's For Sale in Long Beach CA Under $300,000 - 06/17/09 03:10 PM
This is a popular price range for many 1st time buyers, the group of people who are among the most active and largest group of buyers looking on the market now.In 2007 in Long Beach, there were less than 350 residential condos, own-your-owns, coops, and single family properties in this price range. Last fall, the inventory doubled to more than 700 listings in this group.As of June 16, the MLS is showing 430 properties in this category: 185 active listings are single family homes under $300,000 in various zip codes (but not 90803 or 90814). In a sampling of the first … (0 comments)
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long beach ca: What's For Sale in Long Beach CA Under $300,000 - 06/17/09 02:55 PM
This is a popular price range for many 1st time buyers, the group of people who are among the most active and largest group of buyers looking on the market now.In 2007 in Long Beach, there were less than 350 residential condos, own-your-owns, coops, and single family properties in this price range. Last fall, the inventory doubled to more than 700 listings in this group.As of June 16, the MLS is showing 430 properties in this category: 185 active listings are single family homes under $300,000 in various zip codes (but not 90803 or 90814). In a sampling of the first … (0 comments)
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long beach ca: The Cost of Waiting to Buy: Revisited - 06/08/09 07:33 PM
Six months ago (they've passed quickly), I covered this topic via an article by Pat Zaby complete with payment scenario.Last week's upset in the Treasury bond market , a more complex subject, ultimately sent mortgage interest rates up, with higher payment impact, that the earlier post referred to:
"Let's make an assumption that the prices may still decline 5% more before they start appreciating again. If while a buyer was waiting for the price on a $250,000 to go down 5% to $237,500, and the interest rate goes up one percent from 5.25% to 6.25%, which is entirely possible, the buyer's … (4 comments)
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long beach ca: Long Beach CA, Naples, Condo-New Listing - 05/29/09 10:35 AM
Cheerful one-bedroom plus den unit is great for the first-time buyer or a second home--close to
Alamitos Bay and ocean breezes. This unit with a more contemporary look has been upgraded to include bamboo flooring; newer faux marble pattern kitchen and bathroom counters; double-paned windows, upgraded electric outlets, newer lighting fixtures. Breakfast bar for convenient eating area. Bathroom has large walk-in tiled shower with clear glass enclosure; recessed lighting in den. Lots of cupboard space in kitchen and bathroom, plus linen closet in hall. Large walk-in closet in bedroom. Den has separate doorway, add a closet and … (1 comments)
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long beach ca: Long Beach Selling Trends as of March 3, 2009 - 04/06/09 08:58 PM
Sellers, are you still thinking about moving? Buyers, Has your idea of a new home taken root? You might find this interesting:
The overall picture for Long Beach from February 7-March 3, 2009, is that the inventory for residential properties continues under 6 months, meaning that it would take that amount of time for the current number of listings to sell before all properties would be sold, or off the market. Inventory supply for the current period climbed up to 4.6 months (from 3.5 months from the prior month).In the pool of eight areas--Lakewood, Cypress, Cerritos, Los Alamitos, Long Beach, Signal … (0 comments)
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long beach ca: Long Beach Home Tour and Slideshow - 04/01/09 07:17 PM
For more information about Long Beach, and local sales information, contact: Julia Huntsman, Broker Associate All California Brokerage, Inc. 562-896-2609 www.juliahuntsman.com … (0 comments)
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long beach ca: Sales Trend Is Getting Stronger in Long Beach Area - 03/27/09 07:48 PM
If you saw the post from earlier in the month, you read about the strong decline inventory in Long Beach for February 2009 to 6 months and under, especially compared to the same time last year (data courtesy of RealDataStrategies and the SoCalMLS). The chart at the right shows the upward movement (although I don't believe "median price" data is necessarily applicable to all local areas or neighborhoods due to many other conditions). There's additional news around about some 2008 markets actually increasing over 2007, per Anthony Carr's post at Realty Times, including:
"Texas - 3.6 percent, South Dakota - 3.6 … (0 comments)
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long beach ca: Your Next Home: Long Beach Ranchos - 02/17/09 06:23 PM
A favorite area of Long Beach is "the Ranchos", a neighborhood of houses developed and built by Cliff May.Built when the California ranch style home was really coming into style, these economical houses were the "tract home" version of the newly popular ranch style. They commonly feature interior courtyards and open floor plans, which are two of the reasons they are still so popular. Updated homes have improved cooling and insulation, but the overall characteristics of well lit rooms, open kitchens and living rooms, and large sliding glass doors to the outdoors, are what popularized the "Southern California lifestyle' of … (0 comments)
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Julia Huntsman, CDPE, e-PRO, SFR, Broker
Long Beach,
CA
More about me…
Huntsman Properties
Address: Long Beach, CA, 90803
Cell Phone: (562) 896-2609
Email Me
Talk about housing, neighborhoods, things to think about buying or selling (sometimes it's more than you think), things to think about with credit and loans (things to think about and do), and sometimes some fun stuff!
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