Long Beach Real Estate-Long Beach Condos

As we approach yet another Christmas and Year End in this hinky Long Beach real estate market we wonder "Well, how did we do this year?".  We end the year low on inventory, higher in the number of sales, likely due to the tax credit, and lower in average price.

 

Traditionally as the New Year rolls around we see a small surge of listings become available.  We anticipate that surge the first week in January 2010.  Buyers thinking about purchasing after the holidays should use this time to become pre-approved and prepare themselves for the inventory about to become available. 

 

Sometime early in the New Year we anticipate the release of the shadow inventory currently in the possession of the banks, which should relieve the inventory shortage and make long beach real estate available for sale. 

There are currently 900 residential properties available for sale in Long Beach, on the MLS, averaging 104 days on market.   (does not include residential income properties)

• Lowest Priced:  $49,900, 0 days on market. 
  
• Highest Priced:  $7,995,000, 1022 days on market. 

Of the Properties available for sale in Long Beach:

540 are Single Family Homes

• Average Price:  $606,832
• Average Days on Market: 101

329 are Condos

• Average Price:  $329,867
• Average Days on Market:  105

8 Lofts are for sale in Long Beach

• Average Price:  $483,350
• Average Days on Market:  116

25 Misc properties are for sale in Long Beach.  These consists of Own Your Owns, Coops, Manufactured homes, etc... Most properties in this category are difficult to sell because of the unavailability or level of difficulty in obtaining financing.  Most in this category require an all cash buyer. 

• Average Price:  $250,707
  
• Average Days on Market:  163

 

At this time 283 Long Beach homes, condos and other assorted properties are in escrow, currently accepting back up offers, they are averaging 130 days on market. 

• Lowest Priced: $55,000, 4 days on market.  
• Highest Priced: $2,995,000, 606 days on market.
  

 

420 Long Beach properties are currently pending - in escrow.  Averaging 63 days on market.

• Lowest Priced: $37,900, 0 days on market.  
• Highest Priced: $1,729,000, 668 days on market.

 

3,155 Long Beach homes, condos and other properties have closed escrow in 2009.

Average Price:   $350,687	Average Days on Market: 72
Lowest Price:  $37,250	Average Days on Market:  0
Highest Price:  $2,695	Average Days on Market:  929

 

• 949 Sellers Cancelled their listings. 
  
• 66 Sellers Withdrew their properties from the market. 
  
• 867 Listings Expired. 

 

 

Closed Sales 2008 - 2,762

• Average Price:  $423,109
• Average Days on Market:  81

Closed Sales 2007 - 2,829

• Average Price:  $538,165
• Average Days on Market:  71

Closed Sales 2006 - 3,982

• Average Price:  $536,352
• Average Days on Market:  58

 

Relocating to Long Beach-Resource & City Guide

Long Beach Area Information:

• About Long Beach California
• Long Beach California Beach Communities - Area Information
• Belmont Shore and Naples Island California
• Romantic Gondola Cruise - Naples Canals

(Direct feeds from the Southern California MLS)

Belmont Shore and Naples Island Luxury Real Estate For Sale

• 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

Long Beach Homes For Sale

• Long Beach Homes For Sale $300000 to $400000
• Long Beach Homes For Sale $400000 to $500000
• Long Beach Homes For Sale $500000 to $700000
• Long Beach Homes For Sale $700000 to $900000
• Long Beach Homes For Sale $900000 to $1200000
• Long Beach Luxury Homes For Sale $1200000 to $2500000
• Luxury Homes For Sale in Long Beach California $2.5 Million and up

Long Beach Condos For Sale

• Long Beach Condos For Sale $1,500,000 and higher
• Long Beach Condos For Sale $1,000,000 to $1,500,000
• Long Beach Condos For Sale $900,000 to $1,000,000
• Long Beach Condos For Sale $800,000 to $900,000
• Long Beach Condos For Sale $700,000 to $800,000
• Long Beach Condos For Sale $600,000 to $700,000
• Long Beach Condos For Sale $500,000 to $600,000
• Long Beach Condos For Sale $400,000 to $500,000
• Long Beach Condos For Sale $300,000 to $400,000
• Long Beach Condos For Sale Under $300,000

Long Beach Income Properties For Sale

• Income Property For Sale in Long Beach California-5+ Units
• 2 to 4 Units For Sale in Long Beach California
• Triplexes For Sale in Long Beach California
• Duplexes For Sale in Long Beach California

 

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