January 2015 Long Beach Real Estate Trends

Learn about the January 2015 Long Beach real estate trends for homes and condos in the city.  Is the market hot or cold?  How can you tell?  What is the best indicator of market trends?

Long Beach Home Prices ChartLong Beach Condo Selling Prices

In January 2015, the average selling price of a Long Beach condo is $307,742.  Condo pricing is up 6.6% over a year ago at this time and properties are selling within 71 days after being listed for sale.  When this number goes lower, the market gets hotter.  It is one of the best indicators of how hot or cold the real estate market is.

Long Beach Home Selling Prices

Single family homes are selling for an average of $543,578 per house.  That is up 9.80% over last year.   Long Beach houses are taking 62 days to generate an offer that is acceptable between the buyer and seller.

All Long Beach real estate trends are updated monthly at http://www.redwagonteamlongbeach.com/real-estate-market-sales/

Now, is a great time to purchase a home or condo…why?  Because interest rates remain low and your mortgage payment will be affordable.  Talk to your favorite lender to see what you qualify for in a home loan.

 

 

Statistics for Real Estate in Long Beach California

Citywide Statistics for Real Estate in Long Beach California

Real Estate Market Chart by Altos Research www.altosresearch.com

View Long Beach condos for sale in Long Beach, California

Condos Continue to Sell in Downtown Long Beach CA

 

Long Beach Condos Sales Report for November 2008

December tends to be a slower month for real estate sales in our market in Southern California but homes and condos are still selling.  Interest rates are down…it really is a good time to buy a property.  Here are November’s numbers for you to review;

There are 267 condos for sale in zip code 90802 in downtown Long Beach.  The average price is $456,245.  All of these numbers are from the Southern California mls (multiple listing service) for the zip code of 90802.

Owners Accepting Backup Offers
# of condos: 18
Avg. Listed Price: $258,794
Avg. Square Feet: 927
Avg. $/Square Foot: $293

Pending Sales
# of condos: 42
Avg. Listed Price: $326,391
Avg. Square Feet: 1,026
Avg. $/Square Foot: $309

Closed Sales in November 2008
# of condos: 17
Avg. Listed Price: $365,965
Avg. Square Feet: 1,143
Avg. $/Square Foot: $304
Avg. Days of Market: 82

On average, these listings sold for 13.11% less than asking price.

View condos for sale in Long Beach through our New Interactive Map Property Search program now. 

90804 Real Estate Sales Report: Long Beach Condos

Long Beach Real Estate Condo Sales for 90804

There were 13 sales of Long Beach condos in the month of October 2008.

Here are the numbers for you to review:

  • Average closed sales price was $266,546
  • Average square footage…1,069
  • Average price per square foot is $251
  • Average days on market was 78

 

Related information on the web:

Downtown Long Beach Condos Sales Report October 2008

90802 Real Estate for Condos in Downtown Long Beach California 

Condo Market Trends for October 2008 in 90802 Downtown Area

Active Listings

  • # of condos: 256
  • Avg. Listed Price: $456,245
  • Avg. Square Feet: 1,060
  • Avg. $/Square Foot: $418

    Accepting Backup Offers

  • # of condos: 6
  • Avg. Listed Price: $308,100
  • Avg. Square Feet: 1,057
  • Avg. $/Square Foot: $312

    Pending Sales

  • # of condos: 36
  • Avg. Listed Price: $264,979
  • Avg. Square Feet: 916
  • Avg. $/Square Foot: $278

    Sold Listings

  • # of condos: 35
  • Avg. Listed Price: $329,183
  • Avg. Square Feet: 971
  • Avg. $/Square Foot: $320
  • Avg. Days of Market: 110

    On average, these listings sold for 9.70% less than asking price.

  • View condos for sale in Long Beach through our New Interactive Property Search program now

  • Long Beach Marathon Runs Through Downtown

    In just 19 hours, at 6 am on Sunday, October 12th, 2008, the Long Beach Marathon run kicks off through the streets of the city along the coast and bye Cal State Long Beach.  This Long Beach community event sets up like this:

    Start Times 
    6:00 am Bike Tour
    6:15 am Marathon Walkers 
    7:25 am Wheelchair/Handcycle
    7:30 am Marathon/Half Marathon
    8:30 am 5K
    9:00 am Kids 1 Mile Fun Run

    The runners who beign at 7:30 am

    The race begins on Shoreline Drive and weaves its way past the Pike over the Queensway Bridge toward the Queen Mary and then a scenic route near the Aquarium of the Pacific.  Then pass Alamitos Beach on the path on the beach toward Belmont Shore.  This amazing event can be participated by not only the runners, bikers and walkers but by the entire community.  Here is the map of the event.

    The runners will be viewing a lot of downtown Long Beach condos on their run from mile 6.5 to 7.5 and then again on the way back from 12 to the finish of the half marathon or mile 25 to the finish of the full marathon (grin).  Come out and enjoy watching this Long Beach Community event.

     

    Long Beach City Council Wants to Charge Fee to Each Property Owner

    If you are a resident in the city of Long Beach, I suggest that you go to the Long Beach City Hall's meeting on July 22nd, 20008 at 5:00 pm and let your voice be heard about this proposed Parcel Tax for each property and apartment building unit. 

    The Long Beach City Council will consider placing a Parcel Tax on the November 2008 ballot this Tuesday, July 22nd at 5:00 p.m. at City Hall.

    The proposed Parcel Tax is $120 annually per residential parcel and $120 annually per unit for apartment buildings.

    We encourage you to attend tomorrow´s council meeting if possible.

    City of Long Beach
    333 W. Ocean Blvd
    Long Beach, CA 90802
    Tel: (562) 570-6555

    Hearing Item # 2 on the Agenda for the Long Beach City Hall on July 22nd, 2008.

    Pirates Take Over Long Beach Real Estate

    Well, maybe not but their is a Long Beach Pirate Invasion & Faire Avast going on this weekend at the Belmont Pier.  While buyers and sellers are not sword fighting for Long Beach condos…yet!  This local event last for two days…..check out the sword fights, ship battles, pirate music, children's activities, treasure hunts, rides and games. Belmont Pier, 99-39th Place, Long Beach. Sat.-Sun., 11 a.m.-7 p.m. Free. (562) 434-1542.