Long Beach Real Estate-Long Beach Condos

Alamitos Beach Condos Market Report

2008

Long Beach Real Estate Sales

Ocean Boulevard Corridor Condo Sales

 

January 1, 2008 - August 29, 2008

 

Active

 

There are currently 54 Ocean Blvd Corridor Condos For Sale in Alamitos Beach, many with fantastic waterfront views, some with city views.

• 14 condos are priced under $500,000 and range from 706 sq ft to 1,202 sq ft.
• 24 condos are priced between $500,000 and $1,000,000 and range from 736 sq ft to 1,850 sq ft.
• 15 condos are priced between $1,000,000 and $1,499,000 and range from 1,259 sq ft to 2,052 sq ft.
• 1 condo is priced at $1,850,000
  

 

• Average Price:  $788,490
• Average Days on Market:  100
  

 

Alamitos Beach Condos and High Rise Condos For Sale

 

• Alamitos Beach Condos For Sale $400000 to $500000
• Alamitos Beach Condos For Sale $500000 to $600000
• Alamitos Beach Condos For Sale $600000 to $800000
• Alamitos Beach Condos For Sale $800000 to $1000000
• Alamitos Beach Condos For Sale $1000000 and more
• Alamitos Beach-Downtown Long Beach-Ocean Blvd Condos For Sale-Long Beach Real Estate For Sale

 

Pending

 

4 Alamitos Beach Condos on Ocean Blvd. are pending in escrow.

• 1 bedroom, 1 bath, 626 square feet; $239,000
• 2 bedroom, 2 bath 1,104 square feet; $299,900
• 2 bedroom, 1 bath, 1,097 square feet; $365,000
• 2 bedroom, 1 bath, 1,245 square feet; $625,000
  

 

• Average Price:  $382,225
• Average Days on Market:  153
  

 

Back Up Offers

 

3 Alamitos Beach Condos on Ocean Blvd. are in escrow accepting back up offers:

• 1 bedroom, 1 bath,700 square feet; $245,000
• 1 bedroom, 1 bath, 814 square feet; $499,999
• 3 bedroom, 2 bathe, 1,800 square feet; $797,999
  

 

• Average Price:  $797,999
• Average Days on Market:  62
  

 

Closed Sales:

 

37 Alamitos Beach Condos on Ocean Blvd.  have closed escrow this year (2008) to date:

 

• 20 Under $500,000
• 15 Between $500,000 and $1,000,000
• 2 over $1,000,000
  

 

• Average Price:  $532,077
• Average Days on Market:  69
  

 

Cancelled

39 - Alamitos Beach Condos listed for sale on the Ocean Blvd. corridor were taken off of the market. Average Days on Market: 145

Expired

46 - Alamitos Beach Condos on the Ocean Blvd. corridor, listed for sale, expired in 2008, Average Days on Market: 160

 

Hold

3 Alamitos Beach Condo Owners have placed the sale of their homes on hold.

Leased

3 Alamitos Beach Condos have been leased.

 

• Long Beach CA Ocean Blvd Condos For Sale

• Alamitos Beach Luxury High Rise Condos Market Report-Ocean Boulevard Corridor-90802-January-December 2007
  

 

Long Beach Relocation Resource Guide

 

• Relocating to Long Beach California-Resource Guide

 

 

Downtown Long Beach Condos For Sale

• Downtown Long Beach-Alamitos Beach-Ocean Blvd Condos For Sale-Long Beach Real Estate For Sale
• Emerald Villas Condos-555 Maine Ave-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale
• Sunset Pointe Condominiums-640 W 4th St-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale
• Golden Gate Square Condos-730 W 4th St-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale
• Ocean Gate Square Condos-720 W 4th St-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale

 

 

Downtown Long Beach Homes For Sale

• Downtown Long Beach Homes For Sale $500000 and up Long Beach Real Estate For Sale
• Downtown Long Beach Homes For Sale $300000 to $500000 Long Beach Real Estate For Sale
• Downtown Long Beach Homes For Sale Under $300,000 Long Beach Real Estate For Sale

 

 

Prefer Luxury Waterfront Long Beach Homes with room for a boat?

Try Spinnaker Bay.

 

Or perhaps the Belmont Shore and Naples areas:

• Belmont Shore and Naples Condos For Sale-Long Beach Real Estate
• Belmont Shore Naples Homes For Sale in Long Beach CA $2000000 and up
• Belmont Shore CA Homes for sale under $1000000
• Belmont Shore-Naples Homes For Sale in Long Beach California $1000000 to $2000000
• Marina Pacifica Condos for Sale Long Beach CA
• Bay Harbour Homes For Sale Long Beach California

 

 

http://www.longbeachrealestatehome.com/003931

 

Long Beach Real Estate MLS Blunders

Ever wonder why your Long Beach home or condo isn't getting showings?

As many of my regular readers know, the Long Beach Real Estate Home Blog produces a lot of Long Beach Real Estate Neighborhood Market Reports and statistics.  These reports are a very handy tool for buyers and sellers of Long Beach homes, condos and income properties.  The information on these reports often comes directly from the MLS and is provided free to our readers. 

These market reports require more analysis than just copying numbers from the MLS.  Today I thought I would provide you with an overall Long Beach Real Estate Market report but instead decided to entertain you with the type of MLS faux pas (blunders) that not only get in the way of providing clear and accurate information, but also keep your homes, condos and income properties from actually being shown and selling.

My choices for todays entertainment:

A rare 4 bedroom 2 bath Long Beach condo; 1100 sq ft with no garage; listed for a very desirable $289,000; HOA $1 per month; 173 days on market. (all information is as represented in the MLS)

 

Agent Remarks (direct from the MLS):  Great comdominio 4bedrooms 2baths Two levels New water pipes. This is a Regular sale owner in process of buying another property Ass is very low Just $ 13500 a month

 

 

Makes you want to just jump up and race to see it huh?

 

Hey if you cant spell condominium how are you going to sell it?

 

Is it any wonder that this condo has been on the market for 173 days?  After indicating an HOA of just $1.00 the agent remarks state Ass is very low Just $13500 a month.   Well I have seen a few low ass's myself, but this condo ain't gettin shown with that kind of liability!  There is no description of the property and of course - only 2 pictures of a strip of garages and parking spaces - you did note that the MLS description states "no garage".  173 days on market and this agent hasn't had time to actually describe the condo on the MLS and take and post a few decent pictures of the actual condo?  It is common knowledge that pictures sell homes! 

 

Agents representing Long Beach buyers will likely pass on this one just to save themselves and their buyers from having to deal with this level of dumb!  NEXT...

 

 

 

Our next contender is a listing in the same Long Beach condo/townhouse complex as above:

 

Another rare 4 bedroom, 2 bath, 1102 sq ft condo; listing price $350,000; HOA for this unit is a mere $45 (guess the other unit must be carrying the heavy financial load), with 1 garage.  This condo/townhouse has been on the market for a short 5 days and yep, NO pictures at all! (all information is as represented in the MLS)

 

Agent Remarks (direct from the MLS): property needs TLC. Two storey condominium unit with one bedroom downstairs and 1/2 bathroom. Needs new carpet and paint. close to schools, church and easy freeway access.

 

This Long Beach condo is being sold as a short sale.  Lets think about this for a minute.  The other condo in this complex is listed at $289,000 for what appears to be a conventional sale, it has been on the market for 173 days and has not sold.  Does anybody else agree that it was a stroke of genius to price this one (needing TLC) $61,000 higher at $350,000 - as a short sale - in todays real estate market? 

 

Another Long Beach condo that isn't going to be shown or sold!  NEXT...

 

 

 

Next choice for todays entertainment:

An unheard of 16 bedroom, 2 bath, 824 square foot Long Beach condo, on the Eastside, in the Circle Area; HOA $216 per month.  Are you laughing yet?  Allowing a mere 300 sq ft for the kitchen and 2 baths that would make each of the bedrooms ........ ..what?........standing room only for 1?  Maybe that would work for vampire storage but it doesn't work for humans. Yep, you guessed it another listing with no description of the condo and once again, NO pictures.  (all information is as represented in the MLS)

 

 

 

 

Agent Remarks (direct from the MLS): Beautiful 2 Bed / 2 Ba. Brand new construction. your clients will love it.

 

 

Ahhhhhhh, so it is a 2 bedroom!

 

When an agent is searching the MLS on behalf of a buyer we enter search parameters in order to narrow down the search to that which our buyer is interested in.  This is another Long Beach condo that just isn't going to be shown, because it's not going to be found. 

 

Did you notice the agent remarks above?  Brand new construction - your clients will love it - no description - no pictures!  Heck of a job representing your seller!  Nobody is coming to see it, they cant find it and if they do, you don't have any pictures!  NEXT...

 

 

 

Attention Sellers:

 

Are you thinking about selling your Long Beach Home, Condo or Income Property?  Make certain that you get a copy of the MLS and see how your property is being presented to the agents bringing buyers to the table.  The MLS pushes this information out to many internet sites where buyers will see it and decide if your property is one they would like to view. If your Long Beach properties are not being shown they are not going to sell. 

 

When you interview agents, get a clear view of how your property is going to be marketed and make a wise decision.  In todays real estate market your property needs to be on the internet in front of Long Beach buyers eyes and needs to be presented in a desirable and professional manner.  

 

Keep in mind that the longer you sit on the market the less you are going to make on your home.  If you make a bad choice when you choose your 1st agent, it is going to be a long time before your contract runs out and you can replace them with the right Realtor. There are some sellers in Long Beach who are currently being represented by their 3rd agent.  

 

 

 

Why Hire an Internet Savvy Long Beach Realtor?

 

Over 80% of all home searches start on the internet. Your Long Beach homes need to be online, and findable, when buyers begin their search. Have the Realtors you interview show you their ability to market your Long Beach properties on the internet. Step back; pick keywords that should bring that item to the front page of Google; keywords like Long Beach Real Estate. Are any of the sites that your Realtor is using to promote your property coming up at the top of the engines? No? Keep shopping. Better yet, call the Long Beach Realtors on the front page of Google, they already know how to get there and you can cut right through the unlikely candidates.

Over 25% of all Home Buyers FIRST saw the home they purchased on the internet. If your Long Beach homes are not heavily marketed on the internet, you are missing thousands of potential buyers.

 

http://www.longbeachrealestatehome.com/004205

Long Beach Home and Income Property Tax Pending

Just in from the Pacific West Board of Realtors:

 

 

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.

Guide to Long Beach City Government

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

 

We encourage you to attend this council meeting if possible.

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

Why is this important to you?

If you are the owner of a single family home this will cost you an extra $120 per year. Not a lot by anybodys standards and won't exactly break the bank.

If you are the owner of apartment buildings this parcel tax will be per unit. Own a lot of units? OUCH! This breaks down to about $10 per month per apartment.

If you are a renter, plan on having that included in your next rent increase!

 

http://www.longbeachrealestatehome.com/003F30

 

 

The Long Beach Real Estate Home Blog is pleased to welcome guest author, Pasadena California Realtor, Irina Netchaev.

 

Southern California Living - Long Beach and Pasadena

 

Many home buyers are looking to relocate and move to Southern California to enjoy our beautiful year-round sunny weather and be close to both snow and ocean. 

The hardest question of all is whether to buy a home in a beach community like Long Beach or to find a home in a foothills city like Pasadena.

Both, Long Beach and Pasadena are excellent places to live.  Long Beach, California has a beautiful selection of homes for sale in wonderful neighborhoods like Belmont Heights where you can buy a home for around $800,000 and be a few short blocks away from the beach.

For city living at its best, but still close to the beach, then a Downtown Long Beach Condo is waiting for you.  Downtown Long Beach has gone through extensive revitalization and there are many high and low-rise condos and lofts with spectacular views which can be purchased for as little as $69,990, or for as much as $2,699,999; many of which are high rise luxury condos on the waterfront (prices based on 2 and 2+ bedroom units).  Downtown neighborhoods vary greatly in price.    

Of course, Long Beach wouldn't be Long Beach without the Queen Mary, the Long Beach Aquarium of the Pacific, East Village Arts District, Long Beach Convention Center, Long Beach Museum of Art, and you're just a ferry away from Catalina Island and the Port of Long Beach where all the wonderful cruise ships are waiting to take you to romantic destinations.

Long Beach is also 35^th largest city in the nation and the 5^th largest city in California.

Pasadena California is about 35 miles away from the beach, but is nestled in the San Gabriel Foothills.  If you decide to buy a home in Pasadena, you'll be minutes from hiking trails and a short drive to the mountains where you can enjoy winter skiing.

Old Town Pasadena has also undergone an extensive revitalization over the last 10 years.  Beautiful live-work lofts are being built, as well as a nice selection of condos and townhomes are available for sale ranging anywhere between $600,000 to over $1,000,000.  Pasadena's business center is located in the South Lake District where you can buy a 1 bedroom condo for as little as $400,000 and be steps away from great restaurants and boutiques.

Pasadena is full of historic neighborhoods and has many historically designated landmark districts like; Historic Highlands , Bungalow Heaven and Madison Heights.  Homes for sale in Pasadena are available starting at $500,000, but average closer to $955,000. 

Read more »

http://www.longbeachrealestatehome.com/003E6C

Home and Garden Tours from Long Beach California to Buffalo New York

The Long Beach Real Estate Home Blog is pleased to welcome guest author, Buffalo New York Realtor, Colleen Kulikowski.     Summer is a great time to enjoy and show pride in Southern California gardens. Many communities show great pride in their gardens. One such community is that of Buffalo NY . One weekend each year over 300 home owners open their gardens to the community and celebrate GardenWalk weekend. Imagine 10,000 people enjoying gardens on a summer weekend .   The California Heights Historic District celebrates its 12th Annual Home and Garden Tour on Sunday, October 19, 2008. A trolley will be provided, visitors are welcomed to walk, its a great neighborhood to take a stroll in! The 2007 flyer can be viewed here with lots of pictures and details.

Read more »

http://www.longbeachrealestatehome.com/003E56