Long Beach, CA. 90802 Real Estate Market Update for March 2014
Real estate market update for LB, CA. 90802, March 2014. The local real estate settings are continually changing and knowing the real estate market in the community that’s important to you is a valuable asset.
Whether it’s selling or buying a home, the process involves many dynamics. And it’s pivotal that sellers/buyers Keep a close eye on the market tendencies by viewing new listing and closed sales price.
Understand the difference between "listing prices" (what sellers are asking for) and "sold prices" (what buyers are willing to pay). By comparing these price trends, you'll have a good idea of where the market is heading.
The median listing and sold property prices are calculated based on the market activity each month.
Some sales are not immediately available from public records. As they become available, the data are updated.
The number of active listings in Long Beach (90802) increased by 9% from the previous month.
The median number of days active properties have been listed is 47. This is significantly shorter than the national average.
The percent of owner occupied properties in Long Beach (90802) are 44.03% below the national average.
The percent of rental properties in Long Beach (90802) is 48.05% above the national average which is typical for urban areas.
Learn more about the home buying and selling process, see what’s happening in the community you’re interested in. I’ve made it easy, all you have to do is click here to learn about the community that draws you. As always, you can call me anytime with any questions, I like getting calls and I sincerely appreciate them.