Belmont Shore Real Estate Market Report-2008-Belmont Park-Naples Island-Marina Pacifica-Long Beach California Real Estate

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Belmont Shore Real Estate Market Report

Including Belmont Park, Naples Island, Marina Pacifica

Homes, Condos and Income Properties

Long Beach California

Last Updated 10/8/2008

Belmont Shore boundaries: North - Broadway East - Bay Shore South - The Ocean West - Livingston Drive

Belmont Park boundaries: North - Monrovia Avenue East - Marine Stadium South - Broadway West - Bay Shore

Naples Isand boundaries: North - Belmont Park East - Marina Pacifica South - The Peninsula West - Belmont Shore

About Belmont Shore and Naples Island California

Long Beach Homes For Sale in Belmont Shore, Belmont Park and on Naples Island

 

There are currently 74 Long Beach homes for sale in Belmont Shore, Naples Island and Belmont Park.

• 3 homes are for sale between $500,000 and $600,000 (All in Island Village)
  
• 1 home is for sale between $600,000 and $700,000
• 10 homes are for sale between $700,000 and $800,000
• 11 homes are for sale between $800,000 and $900,000
• 9 homes are for sale between $900,000 and $1,000,000
• 17 homes are for sale between $1,000,000 and $1,500,000
• 8 homes are for sale between $1,500,000 and $2,000,000
• 7 homes are for sale between $2,000,000 and $3,000,000
• 5 homes are for sale between $3,000,000 and $4,000,000
• 3 homes are for sale between $4,000,000 and $5,000,000
  

 

• Average Price: $1,498,262 down from last months:  $1,564,786
• Average Days on Market: 134

 

FHA loans are available to a maximum loan of $729,750 with a minimum 3.5% down payment (up from 3% as of 10/1/08) until January 1, 2009 when they are currently scheduled to drop the maximum loan amount to $625,000, this could change. 

FHA Lending Limits for LOS ANGELES COUNTY (LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN AREAS): 

• Single Family Home or Condo: $729,750
• Duplex:  $934,200
• Tri-plex:  $1,129,250
• Four-Plex:  $1,403,400

Jumbo Loans are currently requiring approximately 30% down payment and start at $729,000, also currently scheduled to drop concurrently on 1/1/09 to $625,000 unless something changes between now and then. 

 

There are currently 12 homes pending (in escrow) in Belmont Shore, Belmont Park and on Naples Island.

 

• 12 Homes are accepting Back-Up offers
  
• 13 Homes are pending

 

Back-Up Offers:

• Average Price: $1,171,650 down from last months $1,286,983
• Average Days on Market: 104 up from last months 84

Pending Offers:

• Average Price:$1,459,061 up from last months $1,311,130
• Average Days on Market: 98 up from last months 81

 

 

69 homes closed escrow (SOLD) in Belmont Shore, Belmont Park and on Naples Island in 2008; up from 46 closings on 8/22/08, that is a nice healthy jump!

 

• Lowest Price Home Sold: $625,000
• Highest Price Home Sold: $4,450,000

• Average Price: $1,216,423 up from last months  $1,171,889
• Average Days on Market: 92 up from last months 66

 

59 Homeowners Cancelled their Listings

• Average Price: $1,367,521

• Average Days on Market: 152

1 Homeowner Withdrew their home from the market

• Average Price $1,299,000

• Average Days on Market: 140

42 Listings Expired

• Average Price: $1,325,699

• Average Days on Market: 155

 

1 Listing has been placed on Hold

• Price:  $939,900
• Days on Market:  20

6 Homes removed from their listings from the market and Leased

• Average Lease Price:  $3,966
• Average Days on Market:  113
  

 

Search homes for sale in Belmont Shore,Naples Island and Belmont Park

 

• Belmont Shore-Naples Island-Belmont Park Homes for sale under $1000000
• Belmont Shore-Naples Island-Belmont Park Homes For Sale $1000000 to $2000000
• Belmont Shore-Naples Island-Belmont Park Homes For Sale $2000000 and up
• Bay Harbour Homes For Sale

 

 

 

Long Beach Condos For Sale in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica

 

There are currently 23 Long Beach Condos for sale in Belmont Shore, Naples Island, Belmont Park and Marina Pacifica

• 3 for sale between $200,000 and $300,000
• 3 for sale between $300,000 and $400,000
• 1 for sale between $400,000 and $500,000
• 5 for sale between $500,000 and $600,000
• 2 for sale between $600,000 and $700,000
  
• 1 for sale between $1,000,000 and $1,500,000
  
• 1 for sale at $3,799,000

• Average Price: $815,563* up dramatically from last months $531,386
• Average Days on Market: 106 down just a bit from last months 109

*Please note that the dramatic increase in average listing price does NOT reflect an upturn in the local real estate market. It does reflect higher end properties coming available (which did occur here) or incorrect pricing. 

 

There are currently 9 condos in escrow in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica.

 

• 4 condos are accepting Back-Up offers.
• 5 condos are pending

 

Back-Up Offers:

• Average Price: $474,725 down from last months $541,628
• Average Days on Market: 55 down dramatically from last months 113
  

Pending Offers:

• Average Price:  $340,659 down from last months $407,450
• Average Days on Market: 199 up dramatically from last months 28
  

 

 

39 condos have closed escrow (SOLD) in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica in 2008, up from last months 31

 

• Lowest Price Condo Sold: $225,000
• Highest Price Condo Sold: $780,000

• Average Price: $518,815 not far off from last months $513,912
• Average Days on Market: 83 about the same as last months 85
  

 

19 Condo owners Cancelled their Listings

• Average Price: $528,431

• Average Days on Market: 123
  

 

 

26 Listings Expired

• Average Price: $614,600

• Average Days on Market: 192
  

 

2 Condo owners Leased:

• Average Lease Price:  $2,225
• Average Days on Market:  176
  

 

 

 

Search Condos for sale in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica

• Belmont Shore-Naples Island-Belmont Park Condos For Sale
• Marina Pacifica Condos for Sale Long Beach CA
• Bay Harbour Homes For Sale Long Beach California

 

 

 

 

 

 

Long Beach Income Properties For Sale in Belmont Shore, Belmont Park and Naples Island

 

There are currently 19 Long Beach Income Properties for sale in Belmont Shore, Naples Island and Belmont Park, down from 21 last month. 

 

• 9 are duplexes
• 6 are triplexes
• 1 is a four-plex
  
• 1 has 9 units
• 1 has 10 units
• 1 has 23 units

 

• Lowest Price: $789,900
• Highest Price: $6,950,000
  

• Average Price: 1,716,568 down substatially from last months $1,946,614
• Average Days on Market: 119 down from last months 138
  

 

 

There are currently 3 income properties in escrow in Belmont Shore, Belmont Park and Naples Island.

 

• 1 income property is accepting Back-Up offers.
• 3 income properties are pending.

 

Back-Up Offers:

• Price: $1,495,000
• Days on Market: 78
  

Pending Offers:

• Average Price:  $1,389,666 down dramatically from last months $1,699,000
• Average Days on Market: 157 up from last months 142
  

 

 

13 income properties have closed escrow (SOLD) in Belmont Shore, Belmont Park and Naples Island in 2008, up from last months 12. 

 

• Lowest Price income property Sold: $799,000
• Highest Price income property Sold: $3,500,000

• Average Price: $1,662,115 down from last months $1,734,041
• Average Days on Market: 129 down from last months 135
  

 

7 income property owners Cancelled their Listings

• Average Price: $1,316,685

• Average Days on Market: 292
  

  2 income property owners Withdrew their properties from the market

• Average Price $837.250

• Average Days on Market: 76
  

18 Listings Expired

• Average Price: $1,456,883

• Average Days on Market: 218
  

 

Search Income Properties for sale in Belmont Shore, Belmont Park and Naples Island

• Belmont Shore-Naples Island-Belmont Park Income Properties For Sale

 

 

 

*All statistics are as represented by the MLS and are not to be interpreted as the representations of the author.

http://www.lauriemanny.com/0041D6

Belmont Heights Neighborhood Market Report-Long Beach California Real Estate

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Belmont Heights Market Report

Homes, Condos and Income Properties

Long Beach California Real Estate Sales - 2008

Updated: October 4, 2008

 

Belmont Heights is bounded by:

 

• Ocean Blvd and Livingston Drive on the South
• Redondo Avenue on the West
• 4th Street to the North
• Nieto Avenue to the East

 

The Belmont Heights neighborhood of Long Beach California is a lovely, ecclectic mix of early century homes, low rise condos, smaller apartment buildings (including some fabulous spanish duplexes), restaurants, coffee shops, funky stores, galleries and a nice mix of neighborhood friendly small business. Just blocks from the bluffs, overlooking the harbor, the beach, and a short walk into Belmont Shore, Belmont Heights is a tree lined Long Beach Community developed in the early 20th Century, and a great place to call home. Many of the neighborhood homes were originally built as summer cottages mostly between 1905 and 1939, later becoming year round residences. More bungalow style homes can be found here than in any other community of Long Beach.

 

 

Read Also:

• Belmont Heights Neighborhood of Long Beach California Resource Guide
• Bluff Park Historic District Neighborhood Market Report
• Long Beach California Beach Communities
• History of Long Beach California
• Long Beach CA Historic Homes and Districts
• THE MILLS ACT

 

 

 

Belmont Heights Homes - Sales 2008

 

There are currently 75 Homes for sale in Belmont Heights, ranging in price from $318,900 to $2,350,000.

• Average Price: $1,001,988
  
• Average Days on Market: 94
  

 

There are currently 9 Belmont Heights Homes in escrow, accepting Back-Up offers.

• Average Price: $889,438
• Average Days on Market: 94
  

 

and 5 Belmont Heights Homes are Pending in escrow:

• Average Price: $773,799
• Average Days on Market: 89
  

 

68 Homes in Belmont Heights have closed escrow in 2008.

• Average Price: $869,551
• Average Days on Market: 81
  

 

Belmont Heights Homes For Sale

• Belmont Heights Homes For Sale $800000 and less
• Belmont Heights Homes For Sale $800000 to $1200000
• Belmont Heights Homes For Sale $1200000 and higher

View all available Belmont Heights Homes For Sale, this feed is Live from the MLS and is updated on a regular basis

 

Belmont Heights Condos-Coops-OYOs - Sales 2008

 

No Coops or OYOs have sold in Belmont Heights in 2008.

 

There are 42 Belmont Heights Condos For Sale and 6 OYOs (Own Your Own) For Sale  ranging in price from $205,000 to $949,000.

• Average Price: $402,525
• Average Days on Market: 102
  

Read more »

http://www.lauriemanny.com/004051

Bluff Park Historic District Neighborhood Market Report - Long Beach CA Real Estate Sales

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Bluff Park Historic District Market Report

Homes, Condos and Income Properties

Long Beach CA Real Estate Sales - 2008

Updated:  October 4, 2008

 

The Bluff Park Historic District Boundaries are:

 

• East 2nd Street to the North
• Loma Avenue to the East
• East Ocean Boulevard to the South
• Junipero Avenue to the West

• Bluff Park Historic District Map PDF

Bluff Park Historic District is a small, very upscale neighborhood which contains some of Long Beach's most dignified homes.  The historic district includes a variety of architectural styles, including Greene and Greene, American Craftsman, California Bungalow, Spanish Revival, Prairie Style, American Colonial Revival, Tudor and Mediterranean, constructed between 1903 and 1949.  

 

Bluff Park is home to The Long Beach Museum of Art. Built in 1912 the stately Craftsman building is the former Elizabeth Milbank Anderson house; it is located on the bluffs at 2300 E. Ocean Bl. Bluff Park is also home to a Buddhist monastery that once was a Roman Catholic convent.

 

Back in the 1930's Long Beach was known as the motion picture capital of the world until post World War I when Hollywood developed around the glitz of the era. With its perfect Southern California climate, Long Beach afforded the perfect setting for the industry. There were eight film houses, two stock companies, roller-coasters and bath houses at the historic Pike, along the shore of Downtown Long Beach. This was the home of the Balboa Amusement Production Company, the world's most prolific silent-film studio. W. C. Fields and other stars lived in beautiful mansions in the Bluff Park neighborhood along Ocean Boulevard and First Street, many of which remain in the families to this day.

 

Bluff Park is one of Long Beach's most coveted neighborhoods.

Read Also:

• Long Beach California Beach Communities
• History of Long Beach California
• Long Beach CA Historic Homes and Districts
• THE MILLS ACT

 

Bluff Park Historic District Homes - Sales 2008

 

There are currently 8 Homes in Bluff Park Historic District For Sale, ranging in price from $750,000 to $3,499,999.

• Average Price: $1,505,874
  
• Average Days on Market:70

 

1 Bluff Park Historic District Home is Pending in escrow

• 2919 E 1st Street, a 4 bedroom 3 bath home, 2,859 sq ft, listed at $1,199,000
  

 

4 Homes in Bluff Park Historic District have closed escrow in 2008.

• Average Price: $835,500
• Average Days on Market: 24
  

 

RES	Status	Address	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	A	2401 E Ocean	6	6/5	S	4	5,000	2008	$3,499,999	89
2	A	2424 E 2nd	2	1/1	1	2	1,285	1910	$750,000	110
3	A	24 N Redondo	2	2/1	1	2	1,390	1916	$825,000	93
4	A	3535 E 1st	3	3/1	1	2	1,638	1919	$1,050,000	1
5	A	3039 E 2nd	4	4/3	2	2 D	2,438	1946	$1,125,000	199
6	A	2511 E 1st	5	5/1	2	1 D	3,414	1918	$1,498,000	30
7	A	2311 E 1st	5	3/1	2	2 D	2,800	1908	$1,599,000	32
8	A	3421 E Ocean	3	3/2	2	2	1,823	1936	$1,700,000	2
9	B	3513 E 2nd	3	2/1	1	2 A	1,662	1911	$699,000	134
10	P	2919 E 1st	4	3/1	2	2	2,859	1922	$1,199,000	81
11	S	2424 E 2nd	2	1/	1	2	1,285	1910	$650,000	5
12	S	2609 E 2nd	2	2/1	2	1 D	1,848	1909	$682,000	6
13	S	32 Kennebec	3	3/1	2	1 A	1,628	1911	$785,000	77
14	S	115 Paloma	4	3/	2	1 D	2,433	1913	$1,225,000	9

A = Active

B = In escrow, accepting Back Up Offers

P = Pending in Escrow

S = Sold

DOM = Days on Market

 

 

8/8/08 Bluff Park Historic District Home located at 2609 East 2nd St Closed Escrow.   8/8/08 is considered by the Chinese to be a very lucky day. The number is coveted for addresses, phone numbers and bank accounts. A single 8 on a piece of property lends a sense of high status among the Chinese, as they know top dollars were paid just to obtain that number.   Lucky 8 is so lucky, that the Beijing Olympics opened on 8/8/08 at exactly 8:08:08 PM.

 

 

Recently Sold

 

 

Bluff Park Historic District Closed Sale 8/8/08

2609 East 2nd Street Long Beach, CA 90803 2 Short Blocks to the Beach Craftsman Home 2 Story 2 Bedroom 2 Bath 1,848 Square Feet 4,785 Sq Ft Lot 2 Car Garage + Driveway Beautifully Landscaped Great Floorplan Formal Entry Hardwood Floors Plantation Shutters French Doors to Rear Deck Private Back Yard Formal Dining Room Office (3rd Bdrm?) Den (4th Bdrm?) Front Porch Large Wood Burning Fireplace High Coved Ceilings with Detail Basement Lots of Storage

Buyer Represented by Laurie Manny (562) 212-5420

Offered at: $679,000 Sold at: $682,000

Tale of the Sale

Bluff Park Historic District Condos-Coops-OYOs - Sales 2008

 

There are 9 Bluff Park Historic District Condos For Sale ranging in price from $330,000 to $825,000.

• Average Price: $596,744
• Average Days on Market: 96
  

1 Bluff Park Historic District Condo is accepting Back-up Offers

• Listing Price: $359,000
• Days on Market: 212
  

13 Bluff Park Historic District Condos have closed escrow in 2008.

• Average Price: $438,692
• Average Days on Market: 98
  

 

1 Bluff Park Historic District Condo gave up after 497 days on market and leased

• 2 bedroom, 2 bath,1,008 sq ft, lease amount:  $2,000
  

 

ES	Status	Address	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	A	2131 E 1st 405	2	2/2	3	2	1,334	1975	$330,000	2
2	A	2121 E 1st 307	2	2/1	3	3	1,264	1972	$420,000	9
3	A	2601 E Ocean 608	1	1/1	1	1	672	1973	$424,900	235
4	A	3401 E Ocean 203	2	2/2	3	1	1,020	1973	$479,900	110
5	A	2999 E 1st 6	2	2/2	3	2	1,481	1966	$624,500	229
6	A	2999 E Ocean 430	2	2/1	1	1 D	1,510	1967	$669,000	142
7	A	2999 E Oean 310	2	2/2	1	1	1,510	1967	$774,900	94
8	A	2999 E Ocean 1830	3	2/1	3	2	1,510	1967	$822,500	8
9	A	2601 E Ocean 505	3	2/2	1	2	1,134	1973	$825,000	37
10	B	2101 E 2nd 404	2	2/1	1	2	985	1968	$359,000	212
11	S	2662 E 2nd G2	2	2/1	1	1	1,298	1966	$451,000	56
12	S	2222 E 2nd 10	0	1/1	1	0	424	1955	$165,000	100
13	S	2204 E 1st 4	1	1/1	2	1	714	1962	$248,000	51
14	S	100 E Loma 203	1	1/1	1	0	768	1971	$311,000	13
15	S	2131 E 1st 202	1	1.5/	3	0	979	1975	$325,000	105
16	S	2500 E 2nd 207	2	2/1	3	1	1,190	1968	$358,000	32
17	S	2302 E 2ndH 2	2	2/1	1	1	1,233	1964	$415,000	77
18	S	2601 E Ocean 810	1	1/1	1	1 D	680	1973	$400,000	364
19	S	2100 E 2nd 305	2	2/	1	1 A	1,132	1966	$425,000	136
20	S	2204 E 1st 9	2	2/	1	1	1,193	1962	$460,000	28
21	S	2319 E 2nd 3	2	2/2	1	2 A	1,167	1980	$420,000	50
22	S	3101 E 2nd 4C	3	2/	1	1 D	1,481	1963	$475,000	251
23	S	3305 E Ocean 201	3	3/3	2	2	2,300	1986	$1,250,000	5
24	L	2601 E Ocean 407	2	2/2	1	1	1,008	1973	$2,000	497

A = Active

B = In escrow, accepting Back Up Offers

P = Pending in Escrow

S = Sold

DOM = Days on Market

 

Read also:

Long Beach Own Your Owns-OYO-OYOs-in Long Beach - The OYO-Own Your Own form of ownership is a constant source of confusion for many buyers of Long Beach real estate.  Here you will find a simple explanation. 

Long Beach Own Your Own-OYO-Owners Are Organizing for Condo Conversion - If you are an OYO owner this article from Local Long Beach Resident and Own Your Own owner Deb Dobias is a must read.

Long Beach Stock Co-operatives - Stock co-ops are another misunderstood form of ownership.  Here you will find a simple explanation.

 

 

Bluff Park Historic District Income Properties - Sales 2008

 

There is 1 income property for sale at this time in the Bluff Park Historic District.

• 4 units, $899,000
• Days On Market:  26
  

 

3 Bluff Park Historic District Income Properties Sold in 2008, ranging in price from $1,599,000 to $1,615,000

• Average Price: $1,604,666
• Average Days on Market: 69
  

 

RIN	Status	Units	GSI	Cap	GRM	Net Inc	Address	Yblt	Bldg SF	Price	DOM
1	A	4	$50,400	0%	17.84	$0	2725 E 2nd St	1913	1,670	$899,000	26
2	S	5	$104,940	6.25%	15.24	$100,000	3065 E 2nd St	1968	6,050	$1,599,000	131
3	S	5	$124,200	0%	13.52	$0	15 Loma Ave	1936	8,190	$1,615,000	53
4	S	8	$130,200	5.15%	13.44	$90,200	3417 E 2nd St	1964	7,435	$1,600,000	24

 

*All statistics are as represented by the MLS and are not to be intrerpreted as the representation of the author.

 

Call Laurie today to view any Bluff Park Historic District properties (562) 212-5402

 

http://www.lauriemanny.com/004028

Downtown Long Beach Real Estate Sales-Market Update

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Downtown Long Beach Real Estate Sales-Market Update

 

Homes, Condos, Coops, OYOs, Income Properties

 

Updated:  September 29, 2008

 

 

 

Downtown Long Beach Homes

 

 

There are 21 Downtown Long Beach Homes For Sale ranging in price from $215,000 to $1,300,000.

• 0 homes are for sale under $200,000
• 7 homes are for sale between $200,000 and $300,000
• 4 homes are for sale between $300,000 and $400,000
• 3 homes are for sale between $400,000 and $500,000
• 2 homes are for sale between $600,000 and $700,000
• 1 home is for sale at $800,000
• 1 home is for sale at $1,300,000
  

• Average Price:  $435,795  up slightly from last months $432,110
• Average Days on Market:  160 up a bit from last months 140

Downtown Long Beach and Alamitos Beach Homes for sale:

 

 

There are 4 Downtown Long Beach Homes pending in escrow

• 1 @ $144,900
• 1 @ $189,900
• 1 @ $275,500
• 1 @ $350,000
  

 

• Average Price:  $240,075 down slightly from last months $247,250
• Average Days on Market:  96 up from last months 53

 

 

There are 3 Downtown Long Beach Homes in escrow accepting back up offers.

• 1 @ $190,000, 997 sq ft
  
• 1 @ $219,000, 772 sq ft
  
• 1 @ $381,800, 1,764 sq ft

• 
  
• Average Price:  $263,600
• Average Days on Market:  108
  

 

 

5 Downtown Long Beach Homes have closed escrow in 2008.

• 1 @ $118,000
• 1 @ $184,000
• 1 @ $330,000
• 1 @ $355,000
• 1 @ $400,000

• Average Price:  $277,400 down a bit from last months $289,666
• Average Days on Market:  28 up from last months 8

 

 

 

 

 

Downtown Long Beach Condos, Coops and OYOs

There are 166 Downtown Long Beach Condos For Sale ranging in price from $75,000 to $2,699,999.

• Average Price:  $408,136 down slightly from last months $410,332
• Average Days on Market:  99 the same as last months 99

Read more »

http://www.lauriemanny.com/0040C8

Alamitos Beach Homes Market Update-2008-Long Beach Real Estate

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Alamitos Beach Homes - Market Update - 2008

January 1, 2008 - September 29, 2008

 

Alamitos Beach Home sales have picked up a little bit and prices have been holding steady in the neighborhood for the last several months. 

Lenders have tightened up on lending standards, interest rates are lurking around 6.5%, buyers must be pre-qualified, and down payments are necessary.  First time buyers should be aware that FHA has had a 3% down payment loan program which is increasing to 3.5% on October 1, 2008.   It's a smart buyer that has a lock in letter and a loan commitment from their lender to protect themselves.  

There are some strong buyers on the market right now who are determined to purchase the most their money will buy.  Great buys are available on the real estate market at this time, well priced homes are receiving multiple offers, beach real estate is in demand and investors are out shopping. 

This is a great time to be on the real estate market in Long Beach priced to sell; it's a fantastic time to buy.  

 

 

 

 

There are currently 9 Alamitos Beach Homes for Sale

Average Price: $1,273,111

Average Days on Market: 98

 

Alamitos Beach Homes Currently on the Market:

Read more »

http://www.lauriemanny.com/003B8F