The latest Long Beach real estate statistics showed a slight decline in home prices last month – a departure from the runaway price increases we’ve been seeing throughout 2013. The median home price in Long Beach CA dipped from $469,000 in October 2013 to $455,000 last month, according to statistics just released by Pacific West Association of Realtors (PWR). Although the November 2013 median home price in Long Beach was still 5.8 percent higher than it was in November 2012, it’s in contrast to the double-digit price increases the Long Beach market has experienced this year. The inventory of … (0 comments)
long beach ca home prices: Wrigley Neighborhood Home Prices Up - Long Beach CA
- 11/18/13 09:03 AM
Wrigley, Long Beach CA Home Prices Up October brought home price increases throughout Long Beach, including 90806, the Wrigley neighborhood of Long Beach. Citywide, the median sales price in October 2013 was $469,000 -- up $126,000 (or 25%) from October 2012, according to Pacific West Association of Realtors. In 90806, the median home price last month was $397,000 -- up $87,000 from October 2012 and $39,500 from just last month. Meanwhile the inventory of homes for sale in 90806 remained very low, with just a 1.6 month supply. That means we are still in a strong seller's market and this is still … (0 comments)
long beach ca home prices: Long Beach Real Estate Market Update - October 2013
- 10/19/13 08:38 AM
Prospective home buyers in Long Beach, CA should take advantage of what is still a historically high level of affordability in the housing market before it diminishes. With inventory remaining tight in markets across the country, potential home sellers are still well-positioned to take advantage of the many buyers looking for opportunities and 18 months of year-over-year price increases. The seasonally adjusted annual rate of home sales jumped in August to the highest pace since February 2007, as many buyers made the effort to lock in rates before they rise any further. While rates have ticked down due to the … (1 comments)
Because inventory is low and demand is high, homes are selling more quickly. In September 2012, the average time on the market for closed sale was 74 days compared to 90 days on the market in September 2011. Sellers with homes that are attractive and priced well are often receiving offers within the first few days.
"The housing market momentum which began earlier this year will continue into 2013," said C.A.R. Vice President and Chief Economist Leslie Appleton-Young in a … (4 comments)
If you've been thinking about selling your home in Long Beach, please give us a call. We'd be happy to help you evaluate what your home is worth and how to get top dollar! … (0 comments)
long beach ca home prices: 2010 Long Beach Real Estate Market Update
- 01/06/10 09:36 AM
The Long Beach real estate market continued its transition in 2009, with foreclosures and short sales continuing to dominate the scene. Low interest rates and an attractive tax credit fueled buyer demand, but inventory remained low. Sales of homes in Long Beach went up about 30% last year - from 2759 single family homes in 2008 to 3662 in 2009, according to the Multiple Listing Service (MLS). However, prices of single family homes continued to decline - from an average of $423,569 in 2008 to $393,600 in 2009. Condo prices also declined, from an average price of $316,947 in … (0 comments)
long beach ca home prices: Median Prices Up in Long Beach! A Market Update
- 04/11/08 09:06 AM
After months of steep declines, the median sales price in Long Beach went up in March 2007 for the second month in a row. To be sure, prices are still lower than their peak and the sales volume is still well below the peak, but the recent numbers are encouraging. Homeowners who have been considering selling but were discouraged should take note of this opportunity. Spring and summer are traditionally the busiest selling seasons and prices are usually highest this time of year. If you're interested in more information about prices in a specific neighborhood, email us at info@showmehome.com, logon to www.showmehome.com or call … (0 comments)
Meanwhile, the number of homes reported as sold in the MLS was lower than for the previous month and lower than reported in January 2007. See below:
And the time it takes to sell a home, or "days on market," was lower in January 2008 than for the previous reporting month and lower than for January 2007. See below … (0 comments)
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