Long Beach Real Estate-Long Beach Condos

Belmont Shore Real Estate Market Report

Including Belmont Park, Naples Island, Marina Pacifica

Homes, Condos and Income Properties

Long Beach California

January 1, 2009 - June 30, 2009

Updated 07/04/2009

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

 

See current Long Beach Homes for sale in Belmont Shore, Naples Island and Belmont Park.

 

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

 

Live feed of active listings is updated regularly

 

There are currently 25 homes in escrow in Belmont Shore, Belmont Park and on Naples Island.

 

• 8 Homes are accepting Back-Up offers
  
• 17 Homes are pending

 

Back-Up Offers:

• Average Price: $823,125
• Average Days on Market: 137

Pending Offers:

• Average Price:  $842,258
• Average Days on Market: 78

 

35 homes closed escrow (SOLD) in Belmont Shore, Belmont Park and on Naples Island

 

• Lowest Price Home Sold: $520,000
• Highest Price Home Sold: $2,400,000

• Average Price: $944,754
• Average Days on Market: 112

 

37 Homeowners Cancelled their Listings

• Average Price: $1,433,640

• Average Days on Market: 142

3 Homeowner Withdrew their home from the market

• Average Price $1,407,666

• Average Days on Market: 62

18 Listings Expired

• Average Price: $1,258,088

• Average Days on Market: 197

 

7 Homes removed from their listings from the market and Leased

• Average Lease Price: $3,535
• Average Days on Market: 214

 

 

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

 

See current Long Beach Condos for sale in Belmont Shore, Naples Island, Belmont Park and Marina Pacifica

 

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

 

Live feed of active listings is updated regularly

 

 

There are currently 5 condos in escrow in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica.

 

5 condos are accepting back-up offer:

• Average Price:  $573,580
• Average Days on Market:  11

10 Condos are pending (in escrow):

• Average Price:  $349,870
• Average Days on Market:  35

 

19 condos have closed escrow (SOLD) in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica in 2009

 

• Lowest Price Condo Sold: $200,000
• Highest Price Condo Sold: $1,262,500

• Average Price: $484,886
• Average Days on Market: 97
  

 

13 Condo owners Cancelled their Listings

• Average Price: $468,515

• Average Days on Market: 148
  

 

5 Listings Expired

• Average Price: $368,979

• Average Days on Market: 107
  

 

2 Condo owners Leased out their units:

• Average Lease Price: $2,100
• Average Days on Market: 137

 

 

 

 

 

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

 

View current Long Beach Income Properties for sale in Belmont Shore, Naples Island and Belmont Park.

 

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

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

 

Live feed of active listings is updated regularly

 

There are currently 2 income properties in escrow in Belmont Shore, Belmont Park and Naples Island.

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

Back-Up Offers:

• Price: $707,900
• Days on Market: 5
  

Pending Offers:

• Price: $818,000
• Days on Market: 18
  

6 income properties have closed escrow (SOLD) in Belmont Shore, Belmont Park and Naples Island in 2009

• Lowest Price income property Sold: $290,000
• Highest Price income property Sold: $3,145,000

• Average Price: $1,260,833

• Average Days on Market: 86
  

10 income property owners Cancelled their Listings

• Average Price: $1,056,780

• Average Days on Market: 150
  

1 income property owner Withdrew their properties from the market

• Price $775,000

• Days on Market: 140
  

9 Listings Expired

• Average Price: $1,979,711

• Average Days on Market: 159
  

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

 

 

 

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

 

 

Property Tax Scam - Long Beach Homeowners Beware

 

The Los Angeles County Office of the Assessor has made an important announcement. 

If you receive mail from private companies offering to pursue a reduction in your property taxes for a hefty fee please contact the Los Angeles County Department of Consumer Affairs by phone at (800) 973-3370 or visit their website.

There is no reason to pay for a review that has been done for free.

 

Property owners should be aware that their property may be included in a review the Assessor's Office has done for 2009. The review included single-family homes and condominiums purchased between July 1, 2003 and June 30, 2008. In some particularly hard hit areas of the county, the review included properties purchased as far back as 2000. 473,000 properties were reviewed, resulting in lower assessments on 333,000 homes and condos. Please click here to see if your property has been reviewed for a decline-in-value.

All 473,000 owners whose property was included in the proactive review will be notified of the results in writing by the end of June. Owners who disagree with the results of the review or were not included in the review, may file an application through December 31. The Decline-In-Value form is simple to complete and readily available online or at one of the Assessor's District Offices. We will review the application and if a reduction is warranted, the taxable value will be reduced. Please note that there is no charge for a review. Owners are urged to wait until July to decide whether to file an application.

 

• Click here to see Public Service Announcement with Assessor Auerbach and County Supervisor Gloria Molina.
• Click here to see public service video, "Don't Get Ripped Off."
• See related news stories on KNBC Channel 4, KABC Channel 7, KCAL Channel 9 and Fox Channel 11.
• Click here to read Assessor's Op-Ed article in the Daily News.
• Click here to see if your property has been reviewed for a decline-in-value.

 

Read Also:

 

 

• Property Tax Relief for Long Beach and Los Angeles County Homeowners?  Not Without An Appraisal!
• Property Tax Reassessments in Long Beach & Southern California

 

 

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

 

Downtown Long Beach Duplexes For Sale 90802 90813

 

Are you looking for a Downtown Long Beach Home and finding them just out of your financial reach?  Have you considered a duplex?  Yes they often cost a bit more than a single family home, but the rental income can make the difference between being able to afford a home or not.  There are actually a few very nice duplexes available at this time, for very reasonable prices.  

The lender will consider the rental income and increase the amount you are qualified for making it possible for you to purchase. 

If you think this idea might work for you, it would be my pleasure to assist you and explain how this is a real possibility for you.

Listed below are all available Downtown Long Beach Duplexes.  Some of them are in the Willmore Historic District, a few of them are actually very nice and the prices aren't too shabby either:

 

 

Downtown Long Beach Homes For Sale 90802 and 90813

 

Direct feed from the Socal MLS - Always up to date

More Information:  Downtown Long Beach Duplexes For Sale 90802 90813

 

 

Read Also:

Downtown Long Beach Homes For Sale 90802 90813

Duplexes For Sale in Long Beach California-Long Beach Real Estate For Sale

Chasing the Market Down - Are You Guilty?

 

Contact us for further information on any of these Long Beach properties.  It will be our priviledge to assist you in your next real estate purchase. 

 

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

Downtown Long Beach Homes For Sale

90802 - 90813

 

Homes in Downtown Long Beach have become very affordable once again.  Buyers who waited too long in the hot sellers market and were priced out of it have a very real opportunity here to finally realize their dream of home ownership.  Some of these homes can be purchased for the same price as a condo. 

First time buyers can actually afford to purchase homes now.  It is still possible to obtain home loans, FHA loans are flowing and assistance programs exist. 

Some of these homes are short sales.  Short Sales provide buyers with a great opportunity to purchase Long Beach homes for a really good price.  Short Sale purchases can take many months to be accepted by the banks, the banks are inundated and are very backed up so the process is often a long one and not always successful.  

Some of these homes are bank owned foreclosures or REO's.  Bank owned homes can close escrow quickly once an offer is accepted and are highly desirable. 

Buyers should know that short sale and bank owned or foreclosed homes are often not in the best of condition and usually require an infusion of after purchase cash for repairs and upgrades.  Foreclosed properties are purchased in "AS IS" condition, banks will do no repairs. 

Read:  Long Beach Homes-Issues for 1st Time Home Buyers

Some homes are conventional purchases, some are in Long Beach historic districts and a few have a rental unit. 

Available homes in Downtown Long Beach:

Direct feed from the Socal MLS - Always up to date

 

Read Also:

Downtown Long Beach Duplexes For Sale 90802 90813

Chasing the Market Down - Are You Guilty?

 

Contact us for further information on any of these homes.  It will be our priviledge to assist you in your next home purchase. 

 

 

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

 

Property Tax Relief for Long Beach and Los Angeles County Homeowners?

Not Without An Appraisal

 

 

The Los Angeles County assessor's office on Monday announced completion of their automatic "decline-in-value" reassessments that reviewed 473,000 homes purchased between July 1, 2003 and June 30, 2008. This review resulted in 330,000 county residences qualifying for automatic reductions in their October 2009 tax bill.

Homeowners with qualifying properties will be notified of the results in writing by June 30. Those who were not reviewed can file for free with the Assessor's Office until December 31.

According to the assessor, the average reduction in assessed values for single-family residences was $126,000, for an average tax savings of $1,400 per year. Condos saw averaged reductions of $96,000, for savings of about $1,100 per year.

Just how generous the savings will be on an individual basis is hard to say. Presumably, homeowners that purchased between 2005 - 2007 will see the bulk of the savings, while others may not see as large a reduction. But with budgets on the brink throughout the State, should anyone should expect assessor largesse?

Not without your own appraisal.

Two reasons:

1. The assessor's automatic valuation used market data in 2008-pre January 1 2009 cut-off.
2. Homeowners applying for review can submit their own appraisal with sales data through March 31, 2009.  

If you've been watching the news, you know prices continued sliding into this year. So homeowners accepting their auto-assessment might not be maximizing the savings they otherwise could see.

In two recent tax-reduction cases, the homeowners handed me their reduced-assessment notices sent to them by the assessor. Both assessments were --- get this --- high by about $150,000. (Which explains why they called me to begin with.) If either case reflects at all the data the assessor's using to calculate 2009 taxes, you want to get a second opinion.

To know if you property was reviewed, click here. If your property was not reviewed, or you didn't qualify even though you bought your home between June 30, 2003 and July 1, 2008, download a copy of the Decline-in-Value Reassessment Application then call for us a consultation-it's free.

PS. You want to get your options out of the way quickly, the deadline to file an appeal with the Assessment Appeals Board is November 30.

 

Los Angeles County Tax Assessors Office

500 West Temple Street Room 286

Los Angeles, CA  90012

Rick Auerbach, Assessor

213-974-3211

assessor.lacounty.gov

 

Also see: LA Times: Property tax relief coming for more than 330,000 L.A. County homeowners

Read Also:

Property Tax Reassessments in Long Beach & Southern California