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Long Beach, CA Real Estate Market Listing Activity Report as of September 10, 2008.
Currently there are 1,615 Active listings in Long Beach, CA.
The SoCalMLS has 14 different categories called "special conditions" which are Auction, Bankruptcy, HUD/Govt. Owned, In Foreclosure Process**, Notice of Default**, Probate, Red-Tagged**, Relocation Corporate Owned, Short-Sale/Subject to Lender Approval, Subj to REO Company Approval, Subject to Court Approval and NONE (which are regular sales).
This report focuses on the REO and short Sale listings, if you would like the statistics for the other "special conditions," please let me know.
Out of the 1,615 Active listings 957 listings were with no special condition, which means that 59% of the active listings are under the "regular sale" category. Leaving 658 Active Listings under the "Special Condition" category. Meaning that 40.5% of Active listings fall under a "Special Condition."
Here is the breakdown of all Active Listings under each "Special Condition:
Short Sales Active Listings: Total Number: 404
25% of all Active listings in Long Beach, CA were under a Short-Sale "special condition" category.
REO/Lender Owned Active Listings: Total Number: 218
13.5% of all active listings in Long Beach, CA were REO/Lender Owned.
If you have a portfolio of properties in a different city/area, and would like the statistics, I would gladly provide the information ... more
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