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?
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.