In March, 2007 there were 239 single family residences sold in Long Beach. The number of Condo units sold was much lower at 72.

The median price of condos dropped in every area except neighborhoods in the 90807 and 90808 zip codes which saw increases. The biggest drop was a 28.4% decline in median sale price in the 90814 zip code.

In single family residences, homes in 90813 saw an increase of 14.6% in their median sale price. Declines in the single family market as whole were marginal except a 10.2% decline in 90806 zip code. That zone also saw the 2^nd largest inventory of homes available which may attribute to the median decline as competition was strong in March.

The median price is the price point at which 50% of homes sell for more and 50% sell for less. These averages easily misrepresent actual market performance in a particular neighborhood especially when there are many varying styles and types of homes available.

If you would like an analysis of your home's market value, or for more information, please contact me at (562) 433-1914 or e-mail john.wall1@century21.com.