Long Beach Real Estate-Long Beach Condos http://www.longbeachrealestatehome.com/ Long Beach Real Estate Resource (562)212-5420 for Long Beach condos and homes for sale, buyer and seller information, market reports and beach real estate news en-US http://blogs.law.harvard.edu/tech/rss 60 Long Beach Condos Buyers Guide|Manifesto-Long Beach Real Estate-California http://www.longbeachrealestatehome.com/long-beach-condos-buyers-guide-manifesto-long-beach-real-estate-california Thu, 15 Jul 2010 22:30:00 -0400 Laurie Manny Main category Guide Long Beach Condos Buyer Information Downtown Long Beach Belmont Heights, Long Beach CA Long Beach Lofts 44482@/ Long Beach Condos Buyers Guide|Manifesto Whether you are a first time buyer an experienced pro or investor buying a Long Beach condo or loft can be a confusing and often stressful process.  It's an emotional experience filled with many decisions, most with financial repercussions.  Finding the right condo or loft is difficult enough; knowing what to offer, what and when to negotiate and how to make the deal work best for you, the buyer, is another story altogether.  As a professional who has sold many Long Beach condos and placed countless buyers in the Long Beach condos of their dreams, I feel it is my responsibility to tell you that there is a lot you need to know before jumping into your condo purchase.  Your Needs and Desires... It is important that you have a clear image of what you are looking for and that you transmit this clearly to your Realtor.  Make a list and explain your needs and your desires.  Understanding the difference between your needs and your desires will make your choices much easier to make.  Your needs must be met, your desires may be sacrificed if they are not practical within your price range.  Are you looking for a larger place for your growing family or are you looking for a larger place for entertaining?  Where do you need that extra square footage?  What will you sacrifice for it, if necessary?    Are you downsizing?  What are you willing to let go of?  Don't let emotions cloud your judgment.  Make certain that you get what you need from the new purchase; if some of your desires are fulfilled, all the better.    Be clear with your Realtor when explaining what you are looking for.  What is most important to you?  Newly Remodeled View Square Footage Number of Bedrooms Number of Baths Condition Flooring Fireplace Parking Spaces/Garages/Guest Parking Side by side Tandem Pet Rules Pool Spa Community amenities Concierge Services Doorman Gated Security High Rise Elevator Location in the complex/top floor/corner unit/bottom floor Neighborhood Age of condo Proximity to beaches restaurants galleries parks golf courses shopping freeways etc... Often a condo purchase is more about buying into a neighborhood lifestyle (location).  If lifestyle is at the top of your needs list make certain that is clearly communicated to your Realtor.   Do you entertain much?  Make sure your complex has guest parking or there is ample parking in your new neighborhood.  Are You Ready to Start Shopping?   Unless you are an all cash buyer (be prepared with proof of funds), you will need to be pre-approved, preferably by a direct lender.  If you have great credit and belong to a credit union you may be able to get a stellar interest rate from them, check it out.  When you find a condo that you want to make an offer on you will need to submit you're pre-approval with the offer.  It is foolish to begin to shop without a pre-approval; you might find your dream condo the first day out, like another of my recent buyer clients. You need to be in a position to write and submit your offer when you find the Long Beach condos that you want to purchase.  Bank statements will probably need to be submitted along with your offer as proof of sufficient funds to consummate the transaction, have them with you with the account number blacked out.   Consider Your Future... Always consider the future resale value of your condo purchase.  I know, it's difficult when you find the perfect condo in a not so perfect location; or it has the 2 bedrooms and 2 baths that you wanted but only has 1 parking space in a parking impacted area.  Unless you live alone that missing 2nd parking space is certain to become a real problem while you are living in your new dream condo and will probably become the reason you will want to move on rather quickly.  Will you be able to sell that condo easily without a 2nd parking space, or in an area that isn't in such high demand?  Some areas appreciate quicker than others, if you can afford to purchase in an area with higher appreciation it would be a much smarter purchase.  Are you buying the smallest or least desirable condo in a highly desirable complex?  When it is time to sell you may sit on the market for longer, sell for less, or not sell at all if other larger more desirable units are for sale at the same time.   Buying the smallest, least desirable condo in a highly desirable complex and neighborhood isn't always a bad decision.  If it provides you with the lifestyle that you are craving at a price that you can afford, the condo will fulfill your needs.  Just remain aware that it will take you longer to sell it when the time comes.  In the meantime have a grand time enjoying the lifestyle you craved.    Remain Flexible and Alert... Your Realtor should be familiar with the inventory available in the neighborhood of your choice.  They will most likely show you the best of what is available, based on your stated needs and desires, on your first and second trips out.  If you do not find what you want you should begin making adjustments in your search criteria quickly.  Continuing to search, in a specific area, after you have seen the best of what is available within your price range is usually a downward spiral; either adjust your needs, desires or price range; or wait for new inventory to enter the market.  Remember there are other buyers watching and waiting as well, you will have to move quickly.  Loose Lips Sink Ships... While you are shopping you may run into a seller at home.  As a buyer this may seem like a stellar opportunity to ask questions and garner information about the condo, the complex and the area.  Often without realizing it, your simple conversation with the seller could cost you money at the negotiating table.  Without realizing it you may be letting the seller, or the listing agent, know how badly you want the condo, or how much you love the condo or neighborhood.  Knowing how badly you want it may net you a different counter offer than you may have received had you not had that conversation.  Sellers face the same problem, conversations with buyers or their agents often cost them money by way of a lower offer and tougher negotiation than they would have received.  This is why Realtors always try to keep the buyer and seller apart until the deal is either closed or past any possible negotiation time frames; loan approval, removal of contingencies, appraisal, repair requests, etc...  It's in your best interest!  You should be confident that your Realtor is capable of negotiating your offer and will not reveal personal information that could adversely affect your negotiations.    Future Planning? Condo prices are so affordable right now many buyers are purchasing more condo than they need with a mindset towards their future growth and needs; marriage, children, home office, etc...  Do you have future needs?  Will they become an issue in the next 3 to 5 years?  Perhaps you are a better candidate for a single family residence to anticipate these needs?  Keep in mind that there is no guarantee that you will be able to sell at break even in 3 to 5 years.  When you do sell you will need to recoup your purchase price plus the cost of sale.  The cost of sale involves commission, your closing costs and any costs given to your buyer during negotiations; plan on approximately 9% appreciation to break even.  That could take some time in today's market.    After Purchase Expenses... Not all condos are in turnkey condition.  Condo fixer-uppers can become expensive and the upgrades are all 'after purchase' money and can add up quickly.  Kitchen Baths Appliances Flooring Heating Air Conditioning Water Heater Paint Wallpaper Removal Ceiling Scraping   Do you have the after purchase resources to accommodate these upgrades?  Are you willing to pay market value, or near market value, then make an additional investment into the property?  How long will it take you to recoup the additional investment?  How will that affect your future life plan?  Many inexperienced investors are purchasing, doing a quick remodel, then attempting to sell (flip) to recover costs and make a profit.  Often these inexperienced investors find they spent too much on the remodel and become stuck renting the unit out.  Truly experienced investors have warehouses filled with cabinets, flooring, etc... which were purchased at wholesale, and have crews on salary trained to go in and do a professional, fast and inexpensive remodel, list the condo and still retain a decent profit margin.  Flipping condos is not for the inexperienced investor.    Read Also:  Buying Fixer Upper Homes in Long Beach - This article was written to Home buyers, but has many relevant points for condo and loft buyers as well.    Always Inspect... Hire a professional inspector.  While most problems in a condo are fairly visible a professional inspection will set your mind at ease regarding those that are not, like air conditioning, heating, water heaters, which are/are not operable and may possibly, be nearing the end of their useful life.    Don't Procrastinate... When you locate the condo that you want to buy you should write your offer right away.  If it is new on the market and highly desirable you may find yourself in a multiple offer situation.  Make the best possible offer that you are willing to, decide if you are willing to negotiate further if you receive a multiple counter offer and go for it.  Some people don't want to write offers if they even think there is going to be a multiple offer situation.............you have to be in it to win it!  Go ahead and write your offer, the worst that can happen is that you are overbid.  Your Realtor will have called the listing agent (I hope) and may have some information that will help you decide how to present an offer.  Going home to sleep on it or wanting to bring parents or friends to look at it before you make your decision to even write an offer will often put you out of the game.  Write the offer, show it to them if your offer is accepted...good properties move fast.  If they ixnay it you can always get out of the deal during your 17 day contingency time frame, no harm, no foul!  If you find a condo that you like, but something just doesn't feel right, it's probably not the right purchase for you.  In this case, go home and think about it for a while.  Yes you might lose it, but that may be for the best if you had reservations in the first place.  There is plenty more inventory on the market, something else will turn up.    Your Realtor is Your Advocate... Thinking about shopping without a Realtor?  Think you will just write an offer through the listing agent?  Think this will help you get your lowball offer accepted?  It will, if you find a crooked listing agent!  Do you want to be represented by a crooked agent?  Oh wait a minute....they don't represent you...they represent the seller; they are just facilitating your deal.  It's called dual agency or double ending.  It's actually legal in California, but very few agents can or will handle it in a truly professional manner.  It's not the best position for the buyer to be in and let's face it if the agent is crooked are you going to get actual disclosure or are you going to find out you were duped by a neighbor after you move in?  Having your own representation is more valuable than you realize.    Buying Bank Owned? Banks are not subject to the same level of disclosure as actual home owners in a standard sale are.  The government, recognizing their unfamiliarity with the property, has relieved them of much disclosure.  You will have to do some extra investigating to discover the facts about your possible purchase.   A good agent familiar with condo purchases can make a huge difference.      Found My Condo...Now What? When you find a condo and are considering writing an offer your agent should prepare a Comparative Market Analysis of like properties in the area and present it to you along with the actual Comparable Sales.  Together with your Realtor you will decide on the price and terms of your offer.  Remember when you submit an offer the bank or seller will be looking at their net proceeds.  So if you offer a solid price but ask for a lot of closing costs and other extras you could easily lose the deal to a better NET offer, even one that is less in price than yours.  It's all about the NET! If your Realtor is really sharp they will find out what the sellers motivation is.  A motivated seller is more likely to negotiate than an unmotivated seller.  In a down market it isn't really wise to sell unless you have to, so most sellers are motivated on one level or another, some more than most. Reasons for selling that will create a very highly motivated seller: Job Loss Job Transfer/Relocation Lifestyle Change Marriage Children Home Business   Condos that have been sitting on the market for a long time, perhaps expired a few times and/or have reduced their price, sometimes several times, often have a worn down seller who is finally ready to negotiate.   Vacant condos are expensive for owners to maintain.  There is only so long anybody can/or is willing to carry the mortgage, HOA fees, taxes and insurance without the rental income to offset the expense.    Home Owner Associations...HOA... Many Condo Associations are in financial difficulty.  Once your offer is accepted the escrow company must order a fresh copy of the CC&R's, financials, budget and minutes and deliver them directly to the buyer within the contingency period indicated on the purchase contract; usually 17 days, unless that time frame has been reduced.  Buyers should go over these documents in fine detail and determine the financial stability of the association and whether is it prudent to move forward.  How much are the monthly expenses? How much is in the reserve account? Is the insurance current? Is there an increase in the HOA dues scheduled? Is there mention of any upcoming assessments? What do the minutes say? Are there upcoming repairs scheduled? Is there enough money to cover the repairs or will there be an assessment? Are the pet rules satisfactory? Have you read the Rules and Regulations?   Read the documents and ask questions until you are satisfied.  If the documents are unsatisfactory the buyer should cancel the escrow immediately.  Not all HOA's are in trouble, just beware of the one's that are.   Read Also:  Long Beach Condo Buyers Beware - Don't let this article frighten you, let it educate you.    More Long Beach Condo Buyer Tips:  Long Beach Condos - Buyer Tips for a Smart Purchase Are you overwhelmed yet?  Sounds like a real handful doesn't it?  It is!  That is why you need top notch representation.  I can make this easy and a lot less stressful for you.  Call me if you are thinking about buying or selling a Long Beach Condo (562) 212-5420 Laurie Manny, Your Long Beach Realtor.      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   Relocating to Long Beach California? Check out our Relocation and City Guide - Relocating to Long Beach California Long Beach Condos Buyers Guide|Manifesto


Long Beach Condos and Lofts-Long Beach Realtor-562-212-5420-Laurie MannyWhether you are a first time buyer an experienced pro or investor buying a Long Beach condo or loft can be a confusing and often stressful process. It's an emotional experience filled with many decisions, most with financial repercussions. Finding the right condo or loft is difficult enough; knowing what to offer, what and when to negotiate and how to make the deal work best for you, the buyer, is another story altogether.


As a professional who has sold many Long Beach condos and placed countless buyers in the Long Beach condos of their dreams, I feel it is my responsibility to tell you that there is a lot you need to know before jumping into your condo purchase.


Your Needs and Desires...


It is important that you have a clear image of what you are looking for and that you transmit this clearly to your Realtor. Make a list and explain your needs and your desires. Understanding the difference between your needs and your desires will make your choices much easier to make. Your needs must be met, your desires may be sacrificed if they are not practical within your price range. Are you looking for a larger place for your growing family or are you looking for a larger place for entertaining? Where do you need that extra square footage? What will you sacrifice for it, if necessary? Are you downsizing? What are you willing to let go of? Don't let emotions cloud your judgment. Make certain that you get what you need from the new purchase; if some of your desires are fulfilled, all the better.

Be clear with your Realtor when explaining what you are looking for. What is most important to you?

  • Newly Remodeled
  • View
  • Square Footage
  • Number of Bedrooms
  • Number of Baths
  • Condition
  • Flooring
  • Fireplace
  • Parking Spaces/Garages/Guest Parking
    • Side by side
    • Tandem
  • Pet Rules
  • Pool
  • Spa
  • Community amenities
  • Concierge Services
  • Doorman
  • Gated Security
  • High Rise
  • Elevator
  • Location in the complex/top floor/corner unit/bottom floor
  • Neighborhood
  • Age of condo
  • Proximity to
    • beaches
    • restaurants
    • galleries
    • parks
    • golf courses
    • shopping
    • freeways
  • etc...


Often a condo purchase is more about buying into a neighborhood lifestyle (location). If lifestyle is at the top of your needs list make certain that is clearly communicated to your Realtor. Do you entertain much? Make sure your complex has guest parking or there is ample parking in your new neighborhood.


Are You Ready to Start Shopping?

Unless you are an all cash buyer (be prepared with proof of funds), you will need to be pre-approved, preferably by a direct lender. If you have great credit and belong to a credit union you may be able to get a stellar interest rate from them, check it out. When you find a condo that you want to make an offer on you will need to submit you're pre-approval with the offer. It is foolish to begin to shop without a pre-approval; you might find your dream condo the first day out, like another of my recent buyer clients. You need to be in a position to write and submit your offer when you find the Long Beach condos that you want to purchase. Bank statements will probably need to be submitted along with your offer as proof of sufficient funds to consummate the transaction, have them with you with the account number blacked out.

Consider Your Future...


Always consider the future resale value of your condo purchase. I know, it's difficult when you find the perfect condo in a not so perfect location; or it has the 2 bedrooms and 2 baths that you wanted but only has 1 parking space in a parking impacted area. Unless you live alone that missing 2nd parking space is certain to become a real problem while you are living in your new dream condo and will probably become the reason you will want to move on rather quickly. Will you be able to sell that condo easily without a 2nd parking space, or in an area that isn't in such high demand? Some areas appreciate quicker than others, if you can afford to purchase in an area with higher appreciation it would be a much smarter purchase.


Are you buying the smallest or least desirable condo in a highly desirable complex? When it is time to sell you may sit on the market for longer, sell for less, or not sell at all if other larger more desirable units are for sale at the same time. Buying the smallest, least desirable condo in a highly desirable complex and neighborhood isn't always a bad decision. If it provides you with the lifestyle that you are craving at a price that you can afford, the condo will fulfill your needs. Just remain aware that it will take you longer to sell it when the time comes. In the meantime have a grand time enjoying the lifestyle you craved.

Remain Flexible and Alert...


Your Realtor should be familiar with the inventory available in the neighborhood of your choice. They will most likely show you the best of what is available, based on your stated needs and desires, on your first and second trips out. If you do not find what you want you should begin making adjustments in your search criteria quickly. Continuing to search, in a specific area, after you have seen the best of what is available within your price range is usually a downward spiral; either adjust your needs, desires or price range; or wait for new inventory to enter the market. Remember there are other buyers watching and waiting as well, you will have to move quickly.


Loose Lips Sink Ships...


While you are shopping you may run into a seller at home. As a buyer this may seem like a stellar opportunity to ask questions and garner information about the condo, the complex and the area. Often without realizing it, your simple conversation with the seller could cost you money at the negotiating table. Without realizing it you may be letting the seller, or the listing agent, know how badly you want the condo, or how much you love the condo or neighborhood. Knowing how badly you want it may net you a different counter offer than you may have received had you not had that conversation. Sellers face the same problem, conversations with buyers or their agents often cost them money by way of a lower offer and tougher negotiation than they would have received. This is why Realtors always try to keep the buyer and seller apart until the deal is either closed or past any possible negotiation time frames; loan approval, removal of contingencies, appraisal, repair requests, etc... It's in your best interest! You should be confident that your Realtor is capable of negotiating your offer and will not reveal personal information that could adversely affect your negotiations.

Future Planning?


Condo prices are so affordable right now many buyers are purchasing more condo than they need with a mindset towards their future growth and needs; marriage, children, home office, etc... Do you have future needs? Will they become an issue in the next 3 to 5 years? Perhaps you are a better candidate for a single family residence to anticipate these needs? Keep in mind that there is no guarantee that you will be able to sell at break even in 3 to 5 years. When you do sell you will need to recoup your purchase price plus the cost of sale. The cost of sale involves commission, your closing costs and any costs given to your buyer during negotiations; plan on approximately 9% appreciation to break even. That could take some time in today's market.

After Purchase Expenses...


Not all condos are in turnkey condition. Condo fixer-uppers can become expensive and the upgrades are all 'after purchase' money and can add up quickly.

  • Kitchen
  • Baths
  • Appliances
  • Flooring
  • Heating
  • Air Conditioning
  • Water Heater
  • Paint
    • Wallpaper Removal
    • Ceiling Scraping

Do you have the after purchase resources to accommodate these upgrades? Are you willing to pay market value, or near market value, then make an additional investment into the property? How long will it take you to recoup the additional investment? How will that affect your future life plan?


Many inexperienced investors are purchasing, doing a quick remodel, then attempting to sell (flip) to recover costs and make a profit. Often these inexperienced investors find they spent too much on the remodel and become stuck renting the unit out. Truly experienced investors have warehouses filled with cabinets, flooring, etc... which were purchased at wholesale, and have crews on salary trained to go in and do a professional, fast and inexpensive remodel, list the condo and still retain a decent profit margin. Flipping condos is not for the inexperienced investor.

Read Also: Buying Fixer Upper Homes in Long Beach - This article was written to Home buyers, but has many relevant points for condo and loft buyers as well.

Always Inspect...


Hire a professional inspector. While most problems in a condo are fairly visible a professional inspection will set your mind at ease regarding those that are not, like air conditioning, heating, water heaters, which are/are not operable and may possibly, be nearing the end of their useful life.

Don't Procrastinate...


When you locate the condo that you want to buy you should write your offer right away. If it is new on the market and highly desirable you may find yourself in a multiple offer situation. Make the best possible offer that you are willing to, decide if you are willing to negotiate further if you receive a multiple counter offer and go for it. Some people don't want to write offers if they even think there is going to be a multiple offer situation.............you have to be in it to win it! Go ahead and write your offer, the worst that can happen is that you are overbid. Your Realtor will have called the listing agent (I hope) and may have some information that will help you decide how to present an offer.


Going home to sleep on it or wanting to bring parents or friends to look at it before you make your decision to even write an offer will often put you out of the game. Write the offer, show it to them if your offer is accepted...good properties move fast. If they ixnay it you can always get out of the deal during your 17 day contingency time frame, no harm, no foul!


If you find a condo that you like, but something just doesn't feel right, it's probably not the right purchase for you. In this case, go home and think about it for a while. Yes you might lose it, but that may be for the best if you had reservations in the first place. There is plenty more inventory on the market, something else will turn up.

Your Realtor is Your Advocate...


Thinking about shopping without a Realtor? Think you will just write an offer through the listing agent? Think this will help you get your lowball offer accepted? It will, if you find a crooked listing agent! Do you want to be represented by a crooked agent? Oh wait a minute....they don't represent you...they represent the seller; they are just facilitating your deal. It's called dual agency or double ending. It's actually legal in California, but very few agents can or will handle it in a truly professional manner. It's not the best position for the buyer to be in and let's face it if the agent is crooked are you going to get actual disclosure or are you going to find out you were duped by a neighbor after you move in? Having your own representation is more valuable than you realize.

Buying Bank Owned?


Banks are not subject to the same level of disclosure as actual home owners in a standard sale are. The government, recognizing their unfamiliarity with the property, has relieved them of much disclosure. You will have to do some extra investigating to discover the facts about your possible purchase. A good agent familiar with condo purchases can make a huge difference.

Found My Condo...Now What?


When you find a condo and are considering writing an offer your agent should prepare a Comparative Market Analysis of like properties in the area and present it to you along with the actual Comparable Sales. Together with your Realtor you will decide on the price and terms of your offer. Remember when you submit an offer the bank or seller will be looking at their net proceeds. So if you offer a solid price but ask for a lot of closing costs and other extras you could easily lose the deal to a better NET offer, even one that is less in price than yours. It's all about the NET!


If your Realtor is really sharp they will find out what the sellers motivation is. A motivated seller is more likely to negotiate than an unmotivated seller. In a down market it isn't really wise to sell unless you have to, so most sellers are motivated on one level or another, some more than most.


Reasons for selling that will create a very highly motivated seller:

  • Job Loss
  • Job Transfer/Relocation
  • Lifestyle Change
    • Marriage
    • Children
    • Home Business

Condos that have been sitting on the market for a long time, perhaps expired a few times and/or have reduced their price, sometimes several times, often have a worn down seller who is finally ready to negotiate. Vacant condos are expensive for owners to maintain. There is only so long anybody can/or is willing to carry the mortgage, HOA fees, taxes and insurance without the rental income to offset the expense.

Home Owner Associations...HOA...


Many Condo Associations are in financial difficulty. Once your offer is accepted the escrow company must order a fresh copy of the CC&R's, financials, budget and minutes and deliver them directly to the buyer within the contingency period indicated on the purchase contract; usually 17 days, unless that time frame has been reduced. Buyers should go over these documents in fine detail and determine the financial stability of the association and whether is it prudent to move forward.


  • How much are the monthly expenses?
  • How much is in the reserve account?
  • Is the insurance current?
  • Is there an increase in the HOA dues scheduled?
  • Is there mention of any upcoming assessments?
  • What do the minutes say?
    • Are there upcoming repairs scheduled?
    • Is there enough money to cover the repairs or will there be an assessment?
  • Are the pet rules satisfactory?
  • Have you read the Rules and Regulations?

Read the documents and ask questions until you are satisfied. If the documents are unsatisfactory the buyer should cancel the escrow immediately. Not all HOA's are in trouble, just beware of the one's that are.

Read Also: Long Beach Condo Buyers Beware - Don't let this article frighten you, let it educate you.

More Long Beach Condo Buyer Tips: Long Beach Condos - Buyer Tips for a Smart Purchase


Are you overwhelmed yet?


Sounds like a real handful doesn't it? It is! That is why you need top notch representation. I can make this easy and a lot less stressful for you. Call me if you are thinking about buying or selling a Long Beach Condo (562) 212-5420 Laurie Manny, Your Long Beach Realtor.

Long Beach Condos For Sale


Relocating to Long Beach California?


Check out our Relocation and City Guide - Relocating to Long Beach California

]]> http://www.longbeachrealestatehome.com/long-beach-condos-buyers-guide-manifesto-long-beach-real-estate-california#comments Seeking Waterfront Home for Lease in Long Beach California http://www.longbeachrealestatehome.com/seeking-waterfront-home-for-lease-in-long-beach-california Fri, 02 Jul 2010 20:19:43 -0400 Laurie Manny Main category Relocating to Long Beach California Long Beach California Belmont Heights, Long Beach CA 44327@/ Need Long Beach Waterfront Home for Short Term Lease   Lease property found, thank you for your assistance.  Internet Marketing really works! Found:  Gorgeous oceanfront top corner unit!   High end client seeking short term, luxury turnkey ocean front home for lease in Long Beach.  The perfect home will be on the sand and upgraded; furnished, 3 bedrooms, 2.5 baths, about 2,000 square feet or more. Client will alternatively consider homes within 1 block of the ocean or a canal home.  Clients reside out of state and will be occupying the property about 2 weeks of the month.  Call Laurie for further details (562) 212-5420.   If you own a Long Beach waterfront home that fits this description and are interested in leasing for 2 to 3 months, possibly up to 6 months, please contact me (562) 212-5420 at your earliest convenience.    If you are a leasing agent and you have a property that fits this description, please contact me  (562) 212-5420 as soon as possible.    Need Long Beach Waterfront Home for Short Term Lease

Naples Island, The Peninsula, Long Beach California

Lease property found, thank you for your assistance.

Internet Marketing really works!

Found: Gorgeous oceanfront top corner unit!

High end client seeking short term, luxury turnkey ocean front home for lease in Long Beach. The perfect home will be on the sand and upgraded; furnished, 3 bedrooms, 2.5 baths, about 2,000 square feet or more. Client will alternatively consider homes within 1 block of the ocean or a canal home. Clients reside out of state and will be occupying the property about 2 weeks of the month. Call Laurie for further details (562) 212-5420.

If you own a Long Beach waterfront home that fits this description and are interested in leasing for 2 to 3 months, possibly up to 6 months, please contact me (562) 212-5420 at your earliest convenience.

If you are a leasing agent and you have a property that fits this description, please contact me (562) 212-5420 as soon as possible.

]]> http://www.longbeachrealestatehome.com/seeking-waterfront-home-for-lease-in-long-beach-california#comments Spinnaker Bay | Spinnaker Cove |Townhouse Sales and 2010 Market Update - Long Beach Luxury Waterfront Real Estate and Resort Living http://www.longbeachrealestatehome.com/spinnaker-bay-home-sales-and-market-updates-long-beach-california-real-estate Mon, 31 May 2010 22:00:00 -0400 Laurie Manny Main category Long Beach Condos Long Beach Market Reports Buyer Information Seller Information 37879@/ Spinnaker Bay Homes & Townhouses Market Report and Update 2010 January 1, 2010 - May 31 2010 Includes: Closed Spinnaker Bay Homes and Spinnaker Cove Townhouse Sales Reports for 2007 through 2009 Spinnaker Bay - Long Beach California Luxury Waterfront Homes and Townhouse Sales Surrounded by water Spinnaker Bay and Spinnaker Cove are the perfect environment to enjoy waterfront resort style living at it's finest.  Elegantly appointed, mediterranean style waterfront homes and lavish townhouses offer assorted sized boat slips, there is even a cay for boats of 50 feet.  Larger boat slips are at a premium here in Long Beach, at Spinnaker you can step out of your home and onto your boat for a day of enjoyment cruising the lovely Naples Canals, for a day out on the Ocean deep sea fishing or take a trip over to Catalina Island, 25 miles off of our shore.  Prefer a longer voyage? Cruise down to Newport for dinner, San Diego or Santa Barbara for the weekend!  Easy and unobstructed access from your dock to open water.  Looking for a great spot to purchase a vacation home?  Spinnaker Bay is perfect!   Just 24 miles south of LAX and 19 miles north of John Wayne airport, Spinnaker Bay is conveniently located to accommodate your travel needs.  We even have our own airport!  Long Beach Airport is just minutes away with regularly scheduled flights to and from New York and many other locations for your convenience, we are home to Jet Blue airlines.  Freeways are easily accessible, but far enough away not to be a nuisance.    Shopping, theaters and restaurants are close by, some providing boat slips for easy access.  It's a waterfront lifestyle at Spinnaker Bay and Spinnaker Cove.    What are you waiting for? View Larger Map 5 Spinnaker Cove Luxury Townhouses For Sale Spinnaker Coves Community includes:  Community Pool and Spa, Tennis Courts and Clubhouse nestled in a beautiful garden setting.  # Type Address Bed B t/f St Gar SqFt YBlt List Price DOM 1  CONDO  5416 Heron Bay 20  3  3/3  2  2  1,748  1982  $669,950  10  2  CONDO  5415 Heron Bay  3  3/2  3  2  1,532  1982  $749,000  77  3  CONDO  5650 Azure Bay  3  3/2  3  2  1,748  1982  $925,000  633  4  CONDO  5654 Azure Way  3  3/2  2  2  1,769  1982  $1,100,000  32  5  CONDO  5530 Azure Way  4  4/3  3  2  2,068  1982  $1,395,000  77  Average 3     2 1,773   $967,790 166 Number of Properties: 5 Average ( ListPrice / SqFt ) : ( 967790 / 1773 ) = $ 545.85 *DOM=Days on Market 4 Spinnaker Bay Luxury Homes For Sale # Type Address Bed B t/f St Gar SqFt YBlt List Price DOM 1  SFR  320 Salta Verde Pt  3  4/3  2  2  2,841  1998  $1,200,000  360  2  SFR  5872 Spinnaker Bay Dr  3  3/2  2  2  2,700  1991  $1,565,000  46  3  SFR  5769 Spinnaker Bay Dr  4  3/2  2  2  2,540  1990  $1,695,000  166  4  SFR  6025 Prince Is  3  4/3  2  2  2,693  1998  $1,795,000  105  Average 3     2 2,694   $1,563,750 169 Number of Properties: 4 Average ( ListPrice / SqFt ) : ( 1563750 / 2694 ) = $ 580.46 *DOM=Days on Market   View Spinnaker Bay Homes and Spinnaker Cove Townhouses For Sale Updated regularly.  Contingent status is in escrow accepting back up offers.      Search Long Beach Homes and Condos now:   Spinnaker Bay Luxury Home with 40' Boat Slip 350 Salta Verde Pt.     Buyer Represented by   Laurie Manny Sale Price $1,755,000 Spinnaker Bay Luxury Homes and Townhouses - Sales 2009   6  Spinnaker Bay Homes and 2 Spinnaker Cove Townhouses Sold -Closed Escrow - in 2009   Average Sale Price: $1,044,750 Average Days on Market: 198   # Type Address Bed B t/f St Gar SqFt YBlt Sold Price Sold Date DOM 1  CONDO  5404 Heron Bay  3  3/2  2  2  1,748  1982  $760,000  11/20/2009  88  2  CONDO  5628 Azure Way  2  3/2  3  2  1,532  1982  $872,500  11/12/2009  104  3  CONDO  5542 Azure Way  3  3/2  2  2  1,748  1982  $935,000  5/01/2009  241  4  SFR  311 Whites Lndg  3  3/2  2  2  2,265  1992  $1,075,000  11/24/2009  197  5  SFR  5540 Spinnaker Bay Dr  3  3/2  2  2  2,032  1989  $1,123,000  9/23/2009  209  6  SFR  346 Parsons Lndg  3  3/2  3  2  2,323  1990  $1,305,000  10/16/2009  347  Average 3     2 1,941   $1,011,750   198 Number of Properties: 6 Average ( SalePrice / SqFt ) : ( 1011750 / 1941 ) = $ 521.25 *DOM=Days on Market Spinnaker Bay Luxury Homes and Townhouses - Sales 2008 10 Spinnaker Bay Homes and 2 Spinnaker Cove Townhouses closed escrow in 2008   Average Sale Price: $1,314,358 Average Days on Market: 171   # Type Address Bed B t/f St Gar SqFt YBlt Sold Price Sold Date DOM 1 CONDO 5400 Heron Bay 3 3/2 3 2 1,769 1982 $735,000 8/01/2008 170 2 CONDO 5405 Heron Bay 3 3/3 2 2 2,202 1982 $780,000 8/29/2008 131 3 SFR 310 Blue Cavern Pl 3 3/2 S 2 2,307 1989 $900,000 8/13/2008 162 4 SFR 310 Casino Pt 3 3/2 2 2 2,265 1997 $1,285,000 4/17/2008 5 5 SFR 5580 Spinnaker Bay Dr 3 3/2 2 2 2,032 1989 $1,302,000 10/12/2008 57 6 SFR 5960 Spinnaker Bay Dr 3 2.5/ 2 2 2,560 1998 $1,323,000 1/05/2008 240 7 SFR 319 Empire Lndg 3 3/1 2 2 2,429 1989 $1,400,000 6/21/2008 54 8 SFR 343 Blue Cavern Pt 3 3/2 2 2 2,032 1989 $1,493,500 6/17/2008 284 9 SFR 343 Whites Lndg 3 3/2 2 2 2,265 1993 $1,600,000 11/12/2008 74 10 SFR 335 Salta Verde Pt 3 4/3 2 2 2,693 1998 $1,573,800 6/18/2008 403 11 SFR 5549 Toyon Bay 3 3/2 2 2 2,429 1989 $1,625,000 12/02/2008 136 12 SFR 350 Salta Verde Pt 3 3/2 2 2 2,560 1998 $1,755,000 6/06/2008 333 Average 3     2 2,295   $1,314,358   171 Number of Properties: 12 Average ( SalePrice / SqFt ) : ( 1314358 / 2295 ) = $ 572.71 *DOM=Days on Market   Spinnaker Bay Luxury Homes and Townhouses - Sales 2007   6 Spinnaker Bay Luxury Homes and 4 Spinnaker Cove Luxury Townhouses - Sold - Closed Escrow - in 2007 RES Type Address Zip Bd Bth Sty Gar SqFt Yr Blt Price DOM 1 CONDO 5409 Heron Bay 90803 3 3 2 2 A 2,202 1982 $825,000 60 2 CONDO 5418 Heron Bay 90803 3 3 S 2 A 1,748 1982 $950,000 34 3 CONDO 5403 Heron Bay 90803 3 3 2 2 2,202 1982 $1,050,000 37 4 CONDO 5532 Azure Way 90803 3 3.5 2 2 A 2,068 1982 $1,347,500 10 5 SFR 5564 Spinnaker Bay Dr 90803 3 2.5 2 2 A 2,032 1989 $1,350,000 132 6 SFR 330 Whites Landing 90803 3 2.5 2 2 2,003 1995 $1,560,000 89 7 SFR 5757 Spinnaker Bay Dr 90803 3 3 2 2 A 2,429 1990 $1,550,250 28 8 SFR 323 Blue Cavern Pt. 90803 3 3 2 2 A 2,032 1989 $1,575,000 161 9 SFR 351 Whites Landing 90803 4 2.75 2 2 A 2,531 1993 $1,920,000 334 10 SFR 6085 Prince Island 90803 3 2.5 2 2 A 2,430 1998 $2,150,000 324   A - For Sale P - Pending in Escrow B - In Escrow, accepting Back-up offers S - Sold - Closed Escrow DOM - Days on Market TGNO - Thomas Guide Map Number   Call Laurie today for your appointment to view beautiful Spinnaker Bay and Spinnaker Cove Luxury Dream Homes and Townhouses (562) 212-5420 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 Spinnaker Bay:  Spinnaker Bay Drive Smugglers Cove Salta Verde Point Prince Island Whites Landing Parsons Landing Blue Cavern Point Empire Landing Long Point China Point Spinnaker Cove: Azure Way Heron Bay     Spinnaker Bay Homes & Townhouses

Market Report and Update 2010


January 1, 2010 - May 31 2010
Includes: Closed Spinnaker Bay Homes and Spinnaker Cove Townhouse Sales Reports for 2007 through 2009

Spinnaker Bay - Long Beach California

Luxury Waterfront Homes and Townhouse Sales


Surrounded by water Spinnaker Bay and Spinnaker Cove are the perfect environment to enjoy waterfront resort style living at it's finest. Elegantly appointed, mediterranean style waterfront homes and lavish townhouses offer assorted sized boat slips, there is even a cay for boats of 50 feet. Larger boat slips are at a premium here in Long Beach, at Spinnaker you can step out of your home and onto your boat for a day of enjoyment cruising the lovely Naples Canals, for a day out on the Ocean deep sea fishing or take a trip over to Catalina Island, 25 miles off of our shore. Prefer a longer voyage? Cruise down to Newport for dinner, San Diego or Santa Barbara for the weekend! Easy and unobstructed access from your dock to open water. Looking for a great spot to purchase a vacation home? Spinnaker Bay is perfect!

Just 24 miles south of LAX and 19 miles north of John Wayne airport, Spinnaker Bay is conveniently located to accommodate your travel needs. We even have our own airport! Long Beach Airport is just minutes away with regularly scheduled flights to and from New York and many other locations for your convenience, we are home to Jet Blue airlines. Freeways are easily accessible, but far enough away not to be a nuisance.

Shopping, theaters and restaurants are close by, some providing boat slips for easy access. It's a waterfront lifestyle at Spinnaker Bay and Spinnaker Cove.

What are you waiting for?



View Larger Map


5 Spinnaker Cove Luxury Townhouses For Sale

Spinnaker Coves Community includes: Community Pool and Spa, Tennis Courts and Clubhouse nestled in a beautiful garden setting.

# Type Address Bed B t/f St Gar SqFt YBlt List Price DOM
1 CONDO 5416 Heron Bay 20 3 3/3 2 2 1,748 1982 $669,950 10
2 CONDO 5415 Heron Bay 3 3/2 3 2 1,532 1982 $749,000 77
3 CONDO 5650 Azure Bay 3 3/2 3 2 1,748 1982 $925,000 633
4 CONDO 5654 Azure Way 3 3/2 2 2 1,769 1982 $1,100,000 32
5 CONDO 5530 Azure Way 4 4/3 3 2 2,068 1982 $1,395,000 77
Average 3 2 1,773 $967,790 166
Number of Properties: 5
Average ( ListPrice / SqFt ) : ( 967790 / 1773 ) = $ 545.85

*DOM=Days on Market


4 Spinnaker Bay Luxury Homes For Sale

# Type Address Bed B t/f St Gar SqFt YBlt List Price DOM
1 SFR 320 Salta Verde Pt 3 4/3 2 2 2,841 1998 $1,200,000 360
2 SFR 5872 Spinnaker Bay Dr 3 3/2 2 2 2,700 1991 $1,565,000 46
3 SFR 5769 Spinnaker Bay Dr 4 3/2 2 2 2,540 1990 $1,695,000 166
4 SFR 6025 Prince Is 3 4/3 2 2 2,693 1998 $1,795,000 105
Average 3 2 2,694 $1,563,750 169
Number of Properties: 4
Average ( ListPrice / SqFt ) : ( 1563750 / 2694 ) = $ 580.46

*DOM=Days on Market

View Spinnaker Bay Homes and Spinnaker Cove Townhouses For Sale

Updated regularly. Contingent status is in escrow accepting back up offers.

Search Long Beach Homes and Condos now:

mls wizard

Spinnaker Bay Luxury Home with 40' Boat Slip
 350 Salta Verde Pt.

Spinnaker Bay Luxury Waterfront Home with 40 foot boat slip

350 Spinnaker Bay Luxury Home-Long Beach Real Estate
Buyer Represented by
Laurie Manny Sale Price $1,755,000


Spinnaker Bay Luxury Homes and Townhouses - Sales 2009

6 Spinnaker Bay Homes and 2 Spinnaker Cove Townhouses Sold -Closed Escrow - in 2009

  • Average Sale Price: $1,044,750
  • Average Days on Market: 198

# Type Address Bed B t/f St Gar SqFt YBlt Sold Price Sold Date DOM
1 CONDO 5404 Heron Bay 3 3/2 2 2 1,748 1982 $760,000 11/20/2009 88
2 CONDO 5628 Azure Way 2 3/2 3 2 1,532 1982 $872,500 11/12/2009 104
3 CONDO 5542 Azure Way 3 3/2 2 2 1,748 1982 $935,000 5/01/2009 241
4 SFR 311 Whites Lndg 3 3/2 2 2 2,265 1992 $1,075,000 11/24/2009 197
5 SFR 5540 Spinnaker Bay Dr 3 3/2 2 2 2,032 1989 $1,123,000 9/23/2009 209
6 SFR 346 Parsons Lndg 3 3/2 3 2 2,323 1990 $1,305,000 10/16/2009 347
Average 3 2 1,941 $1,011,750 198
Number of Properties: 6
Average ( SalePrice / SqFt ) : ( 1011750 / 1941 ) = $ 521.25

*DOM=Days on Market


Spinnaker Bay Luxury Homes and Townhouses - Sales 2008


10 Spinnaker Bay Homes and 2 Spinnaker Cove Townhouses closed escrow in 2008

  • Average Sale Price: $1,314,358
  • Average Days on Market: 171

# Type Address Bed B t/f St Gar SqFt YBlt Sold Price Sold Date DOM
1 CONDO 5400 Heron Bay 3 3/2 3 2 1,769 1982 $735,000 8/01/2008 170
2 CONDO 5405 Heron Bay 3 3/3 2 2 2,202 1982 $780,000 8/29/2008 131
3 SFR 310 Blue Cavern Pl 3 3/2 S 2 2,307 1989 $900,000 8/13/2008 162
4 SFR 310 Casino Pt 3 3/2 2 2 2,265 1997 $1,285,000 4/17/2008 5
5 SFR 5580 Spinnaker Bay Dr 3 3/2 2 2 2,032 1989 $1,302,000 10/12/2008 57
6 SFR 5960 Spinnaker Bay Dr 3 2.5/ 2 2 2,560 1998 $1,323,000 1/05/2008 240
7 SFR 319 Empire Lndg 3 3/1 2 2 2,429 1989 $1,400,000 6/21/2008 54
8 SFR 343 Blue Cavern Pt 3 3/2 2 2 2,032 1989 $1,493,500 6/17/2008 284
9 SFR 343 Whites Lndg 3 3/2 2 2 2,265 1993 $1,600,000 11/12/2008 74
10 SFR 335 Salta Verde Pt 3 4/3 2 2 2,693 1998 $1,573,800 6/18/2008 403
11 SFR 5549 Toyon Bay 3 3/2 2 2 2,429 1989 $1,625,000 12/02/2008 136
12 SFR 350 Salta Verde Pt 3 3/2 2 2 2,560 1998 $1,755,000 6/06/2008 333
Average 3 2 2,295 $1,314,358 171
Number of Properties: 12
Average ( SalePrice / SqFt ) : ( 1314358 / 2295 ) = $ 572.71

*DOM=Days on Market

Spinnaker Bay Luxury Homes and Townhouses - Sales 2007

6 Spinnaker Bay Luxury Homes and 4 Spinnaker Cove Luxury Townhouses - Sold - Closed Escrow - in 2007

RES Type Address Zip Bd Bth Sty Gar SqFt Yr Blt Price DOM
1 CONDO 5409 Heron Bay 90803 3 3 2 2 A 2,202 1982 $825,000 60
2 CONDO 5418 Heron Bay 90803 3 3 S 2 A 1,748 1982 $950,000 34
3 CONDO 5403 Heron Bay 90803 3 3 2 2 2,202 1982 $1,050,000 37
4 CONDO 5532 Azure Way 90803 3 3.5 2 2 A 2,068 1982 $1,347,500 10
5 SFR 5564 Spinnaker Bay Dr 90803 3 2.5 2 2 A 2,032 1989 $1,350,000 132
6 SFR 330 Whites Landing 90803 3 2.5 2 2 2,003 1995 $1,560,000 89
7 SFR 5757 Spinnaker Bay Dr 90803 3 3 2 2 A 2,429 1990 $1,550,250 28
8 SFR 323 Blue Cavern Pt. 90803 3 3 2 2 A 2,032 1989 $1,575,000 161
9 SFR 351 Whites Landing 90803 4 2.75 2 2 A 2,531 1993 $1,920,000 334
10 SFR 6085 Prince Island 90803 3 2.5 2 2 A 2,430 1998 $2,150,000 324

  • A - For Sale
  • P - Pending in Escrow
  • B - In Escrow, accepting Back-up offers
  • S - Sold - Closed Escrow
  • DOM - Days on Market
  • TGNO - Thomas Guide Map Number

Spinnaker Bay Luxury Waterfront Homes For Sale


Call Laurie today for your appointment to view beautiful Spinnaker Bay and Spinnaker Cove Luxury Dream Homes and Townhouses

(562) 212-5420


Relocating to Long Beach-Resource & City Guide


Long Beach Area Information:



(Direct feeds from the Southern California MLS)

Belmont Shore and Naples Island Luxury Real Estate For Sale


Long Beach Homes For Sale


Long Beach Condos For Sale


Long Beach Income Properties For Sale


Spinnaker Bay:

  • Spinnaker Bay Drive
  • Smugglers Cove
  • Salta Verde Point
  • Prince Island
  • Whites Landing
  • Parsons Landing
  • Blue Cavern Point
  • Empire Landing
  • Long Point
  • China Point


Spinnaker Cove:

  • Azure Way
  • Heron Bay

]]> http://www.longbeachrealestatehome.com/spinnaker-bay-home-sales-and-market-updates-long-beach-california-real-estate#comments Long Beach Condos 2010 Sales Update-Long Beach Real Estate Sales http://www.longbeachrealestatehome.com/long-beach-condo-sales-2010-update-long-beach-real-estate-sales Wed, 26 May 2010 18:45:00 -0400 Laurie Manny Main category Long Beach Condos Long Beach Market Reports Buyer Information Seller Information Downtown Long Beach Belmont Heights, Long Beach CA 43901@/ Long Beach Condos - 2010 Sales Update State of the Market Updated May 26, 2010 Despite assorted claims that prices are going up, actual sales statistics do not support these claims  Below find 2010 Long Beach Condo sales indicating what is currently available and what has actually sold (closed escrow) in specific categories.  In each case recent average closed sale prices are below average active sale prices.  Have you ever wondered what the value of an additional bath or an additional parking space is? Have you pondered how important this is to buyers?  Do you doubt that an additional bath or parking space may be the catalyst that actually sells your Long Beach Condo?  The number of bedrooms, bathrooms and assigned or deeded parking spaces makes a difference in the value and desirability of Long Beach Condos for sale; there is considerable value attributed to additional bathrooms and parking spaces.  Today's buyer is searching for the most their money will purchase.  While most buyers want a master and a guest bath for their convenience, they are also considering future resale value; they are buying today anticipating the future sale of the condo. Condos with 2 baths and parking spaces command higher prices on resale.   While condo sellers usually cannot cure the lack of an additional bath or parking space they can price their condos appropriately to entice a buyer to purchase. Staged condos increase desirability and command higher prices.  Overpricing your Long Beach Condo will cause you to chase the market down.    Many Long Beach condos that are remodeled, staged and priced to sell are receiving multiple offers as fast as they are placed onto the market.  Multiple offers are great for the seller, they are able to choose a strong offer and have the best chance of closing escrow.  Multiple offers are very stressful for buyers who must carefully consider their offer in order to compete with the many offers.  Many sellers, including banks, are utilizing pricing strategies at this time; pricing low to incite multiple offers and drive the price up to as close to market value as possible.  They do not want to sit on the market and have their listing become stale, they want it sold quickly.  Smart buyers are recognizing these strategies and are writing their offers accordingly for acceptance.  Some Long Beach condos are currently experiencing financial difficulties.  Buyers will learn about HOA finances and how they can seriously affect your financial future in this article:  Long Beach Condo Buyers Beware Here we have broken down 2010 Condo sales in Long Beach to specifically show what the consumer is buying - what is important to them.  We hope you find this information helpful when thinking of buying or selling your Long Beach Condos.  Long Beach Condos - 3 Bedrooms 3 baths 2 parking spaces Currently Active on Market:  27 Average Price:  $728,649 Average Days on Market:  80 Average ( ListPrice / SqFt ) : ( 728649 / 1836 ) = $ 396.87 13 CLOSED SALES: Average Price:  $475,307 Average Days on Market:  68 Average ( SalePrice / SqFt ) : ( 475307 / 1748 ) = $ 271.91 Long Beach Condos - 3 Bedrooms 2 baths 2 parking spaces Currently Active on Market:  14 Average Price:  $576,992 Average Days on Market:  108 Average ( ListPrice / SqFt ) : ( 576992 / 1417 ) = $ 407.19 13 CLOSED SALES: Average Price:  $481,961 Average Days on Market:  104 Average ( SalePrice / SqFt ) : ( 481961 / 1330 ) = $ 362.38 Long Beach Condos - 3 Bedrooms 2 baths 1 parking space Currently Active on Market:  4 Average Price:  $290,500 Average Days on Market: 63 Average ( ListPrice / SqFt ) : ( 290500 / 1206 ) = $ 240.88 4 CLOSED SALES: Average Price:  $377,250 Average Days on Market: 47 Average ( SalePrice / SqFt ) : ( 377250 / 1273 ) = $ 296.35 Long Beach Condos - 2 Bedrooms 2 baths 2 parking spaces Currently Active on Market:  72 Average Price:  $338,703 Average Days on Market: 97 Average ( ListPrice / SqFt ) : ( 338703 / 1138 ) = $ 297.63 79 CLOSED SALES: Average Price:  $293,403 Average Days on Market:  107 Average ( SalePrice / SqFt ) : ( 293403 / 1116 ) = $ 262.91 Long Beach Condos - 2 Bedrooms 2 baths 1 parking space Currently Active on Market:  58 Average Price:  $281,643 Average Days on Market: 85 Average ( ListPrice / SqFt ) : ( 281643 / 993 ) = $ 283.63 129 CLOSED SALES:   Average Price:  $265,719 Average Days on Market:  93 Average ( SalePrice / SqFt ) : ( 265719 / 1046 ) = $ 254.03 Long Beach Condos - 2 Bedrooms 1 bath 2 parking spaces Currently Active on Market:  5 Average Price:  $160,640 Average Days on Market: 39 Average ( ListPrice / SqFt ) : ( 160640 / 894 ) = $ 179.69 4 CLOSED SALES:   Average Price:  $145,225 Average Days on Market: 45 Average ( SalePrice / SqFt ) : ( 145225 / 847 ) = $ 171.46 Long Beach Condos - 2 Bedrooms 1 bath 1 parking space Currently Active on Market:  12 Average Price:  $197,691 Average Days on Market: 84 Average ( ListPrice / SqFt ) : ( 197691 / 898 ) = $ 220.15 15 CLOSED SALES:   Average Price: $139,866 Average Days on Market: 71 Average ( SalePrice / SqFt ) : ( 139866 / 838 ) = $ 166.90 Long Beach Condos - 1 Bedroom 1 bath 1 parking space Currently Active on Market:  57 Average Price:  $203,661 Average Days on Market:  95 Average ( ListPrice / SqFt ) : ( 203661 / 690 ) = $ 295.16 58 CLOSED SALES:  Average Price:  $194,981 Average Days on Market:  98 Average ( SalePrice / SqFt ) : ( 194981 / 740 ) = $ 263.49 Long Beach Loft Sales - All Currently Active on Market:  8 Average Price:  $414,250 Average Days on Market: 123 Average ( ListPrice / SqFt ) : ( 414250 / 1713 ) = $ 241.83 10 CLOSED SALES: Average Price: $297,300 Average Days on Market: 168 Average ( SalePrice / SqFt ) : ( 297300 / 1187 ) = $ 250.46 When you are ready to buy or sell your Long Beach Condo call Laurie (562) 212-5420 to begin your search.    We have put together important information for first time Long Beach home buyers:   Don't Make Any Major Purchases Things to Avoid Before Purchasing a Long Beach Homee Changing Jobs Affects Your Ability to Purchase a Long Beach Home Long Beach Homes - Issues for 1st Time Buyers Long Beach home owners can deduct PMI Long Beach Condo Buyers Beware Long Beach Condos - Buyer Tips for a Smart Purchase   Custom Search's for Foreclosed-REO-Bank Owned Homes-Condos-Income Properties by area: Long Beach Bemont Shore, Naples Island, Belmont Heights, Bluff Park, Bluff Heights, Rose Park Downtown Long Beach, Alamitos Beach Long Beach, Signal Hill, Los Alamitos, Rossmoor, Cypress, Lakewood, San Pedro North Long Beach Lakewood Huntington Beach Newport Beach - Newport Coast 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 Condos - 2010 Sales Update

State of the Market

Updated May 26, 2010



Despite assorted claims that prices are going up, actual sales statistics do not support these claims Below find 2010 Long Beach Condo sales indicating what is currently available and what has actually sold (closed escrow) in specific categories. In each case recent average closed sale prices are below average active sale prices.


High Rise Long Beach Condos Waterfront View Downtown Long Beach CaliforniaHave you ever wondered what the value of an additional bath or an additional parking space is? Have you pondered how important this is to buyers? Do you doubt that an additional bath or parking space may be the catalyst that actually sells your Long Beach Condo?


The number of bedrooms, bathrooms and assigned or deeded parking spaces makes a difference in the value and desirability of Long Beach Condos for sale; there is considerable value attributed to additional bathrooms and parking spaces. Today's buyer is searching for the most their money will purchase. While most buyers want a master and a guest bath for their convenience, they are also considering future resale value; they are buying today anticipating the future sale of the condo. Condos with 2 baths and parking spaces command higher prices on resale. While condo sellers usually cannot cure the lack of an additional bath or parking space they can price their condos appropriately to entice a buyer to purchase. Staged condos increase desirability and command higher prices. Overpricing your Long Beach Condo will cause you to chase the market down.

Many Long Beach condos that are remodeled, staged and priced to sell are receiving multiple offers as fast as they are placed onto the market. Multiple offers are great for the seller, they are able to choose a strong offer and have the best chance of closing escrow. Multiple offers are very stressful for buyers who must carefully consider their offer in order to compete with the many offers. Many sellers, including banks, are utilizing pricing strategies at this time; pricing low to incite multiple offers and drive the price up to as close to market value as possible. They do not want to sit on the market and have their listing become stale, they want it sold quickly. Smart buyers are recognizing these strategies and are writing their offers accordingly for acceptance.


Some Long Beach condos are currently experiencing financial difficulties. Buyers will learn about HOA finances and how they can seriously affect your financial future in this article: Long Beach Condo Buyers Beware


Here we have broken down 2010 Condo sales in Long Beach to specifically show what the consumer is buying - what is important to them. We hope you find this information helpful when thinking of buying or selling your Long Beach Condos.



Long Beach Condos - 3 Bedrooms 3 baths 2 parking spaces


Currently Active on Market: 27

Average Price: $728,649

Average Days on Market: 80

Average ( ListPrice / SqFt ) : ( 728649 / 1836 ) = $ 396.87


13 CLOSED SALES:

Average Price: $475,307

Average Days on Market: 68


Average ( SalePrice / SqFt ) : ( 475307 / 1748 ) = $ 271.91


Long Beach Condos - 3 Bedrooms 2 baths 2 parking spaces


Currently Active on Market: 14

Average Price: $576,992

Average Days on Market: 108

Average ( ListPrice / SqFt ) : ( 576992 / 1417 ) = $ 407.19


13 CLOSED SALES:

Average Price: $481,961

Average Days on Market: 104


Average ( SalePrice / SqFt ) : ( 481961 / 1330 ) = $ 362.38


Long Beach Condos - 3 Bedrooms 2 baths 1 parking space


Currently Active on Market: 4

Average Price: $290,500

Average Days on Market: 63

Average ( ListPrice / SqFt ) : ( 290500 / 1206 ) = $ 240.88


4 CLOSED SALES:

Average Price: $377,250

Average Days on Market: 47

Average ( SalePrice / SqFt ) : ( 377250 / 1273 ) = $ 296.35


Long Beach Condos - 2 Bedrooms 2 baths 2 parking spaces


Currently Active on Market: 72

Average Price: $338,703

Average Days on Market: 97

Average ( ListPrice / SqFt ) : ( 338703 / 1138 ) = $ 297.63


79 CLOSED SALES:

Average Price: $293,403

Average Days on Market: 107

Average ( SalePrice / SqFt ) : ( 293403 / 1116 ) = $ 262.91


Long Beach Condos - 2 Bedrooms 2 baths 1 parking space


Currently Active on Market: 58

Average Price: $281,643

Average Days on Market: 85

Average ( ListPrice / SqFt ) : ( 281643 / 993 ) = $ 283.63


129 CLOSED SALES:

Average Price: $265,719

Average Days on Market: 93

Average ( SalePrice / SqFt ) : ( 265719 / 1046 ) = $ 254.03


Long Beach Condos - 2 Bedrooms 1 bath 2 parking spaces


Currently Active on Market: 5

Average Price: $160,640

Average Days on Market: 39

Average ( ListPrice / SqFt ) : ( 160640 / 894 ) = $ 179.69


4 CLOSED SALES:

Average Price: $145,225

Average Days on Market: 45

Average ( SalePrice / SqFt ) : ( 145225 / 847 ) = $ 171.46


Long Beach Condos - 2 Bedrooms 1 bath 1 parking space


Currently Active on Market: 12

Average Price: $197,691

Average Days on Market: 84

Average ( ListPrice / SqFt ) : ( 197691 / 898 ) = $ 220.15


15 CLOSED SALES:

Average Price: $139,866

Average Days on Market: 71

Average ( SalePrice / SqFt ) : ( 139866 / 838 ) = $ 166.90


Long Beach Condos - 1 Bedroom 1 bath 1 parking space


Currently Active on Market: 57

Average Price: $203,661

Average Days on Market: 95

Average ( ListPrice / SqFt ) : ( 203661 / 690 ) = $ 295.16


58 CLOSED SALES:

Average Price: $194,981

Average Days on Market: 98

Average ( SalePrice / SqFt ) : ( 194981 / 740 ) = $ 263.49


Long Beach Loft Sales - All


Currently Active on Market: 8

Average Price: $414,250

Average Days on Market: 123

Average ( ListPrice / SqFt ) : ( 414250 / 1713 ) = $ 241.83


10 CLOSED SALES:

Average Price: $297,300

Average Days on Market: 168

Average ( SalePrice / SqFt ) : ( 297300 / 1187 ) = $ 250.46


When you are ready to buy or sell your Long Beach Condo call Laurie (562) 212-5420 to begin your search.


We have put together important information for first time Long Beach home buyers:

Custom Search's for Foreclosed-REO-Bank Owned Homes-Condos-Income Properties by area:


Long Beach Condos For Sale

]]> http://www.longbeachrealestatehome.com/long-beach-condo-sales-2010-update-long-beach-real-estate-sales#comments Live Work Properties and Living in Long Beach California-Long Beach Real Estate http://www.longbeachrealestatehome.com/live-work-properties-and-living-in-long-beach-california-long-beach-real-estate Thu, 06 May 2010 21:05:00 -0400 Laurie Manny Main category Buyer Information Real Estate Investments Downtown Long Beach Belmont Heights, Long Beach CA Long Beach Lofts 43724@/ Live Work Properties - Long Beach Real Estate Urban Living Lifestyle Alternatives I often wonder what is in the minds of real estate developers.  How do they decide what to build and where?  Sure, they conduct surveys and build what they believe will be desirable enough to sell.   But do they hit the mark?  Are they really providing the living spaces that today's savvy buyers crave?  Sometimes yes...sometimes no.  Long Beach Buyers who contact me almost always want an extra bedroom to convert into a home office; a guesthouse works great too.  I've seen dining rooms and garages in Long Beach turned into home offices when the needed space just wasn't available inside the home.   The thing is that a bedroom office is a work space contained within the homes living space and that isn't always ideal environment for all home based businesses, especially those with consumer traffic, or when you need 2 separate his and hers offices.  Where is the space going to come from?  Do you really want to buy a 4 bedroom house to accommodate the home offices inside the home?  Our Long Beach Lofts are highly desirable live/work spaces for professionals who love the urban living environment they provide.  Quite a few buyers have either purchased or have considered purchasing one of the newer lofts in Downtown Long Beach or Alamitos Beach planning on carving a home office or work area into the expansive spaces.  It worked for some - mostly for those running virtual businesses from home.  Downtown Long Beach Loft Living - It's a Lifestyle! It's difficult to conduct business from within the home environment when children are present, even if you close the door.  While we love our children and most parents have a built in off switch, is it really professional to hear children running around being noisy in the background when you are on a business or sales call?  There is a real need for separate office space for many who chose to work from home.  With so many people working from home now functional living and work space should be a factor when designing living environments in both urban and more rural areas.  We don't seem to have moved into this arena much; perhaps it is because we are already so built up.   When the majority of homes were built years ago on most of the available land we didn't have the same needs or concerns as we now do.  When searching for a live/work home there are many things to consider.  Does the business need a separate space for instance a storefront or professional office? Would a particular neighborhood be more conducive to a successful business? Do you need a visible location on a main avenue with signage? Do you want your business housed in a free standing structure? Do you need a parking lot? If so, how many spaces are required? Are you willing to remodel the storefront or office to suit your personal needs? Is it financially responsible to remodel? Or does it need to be in ready condition - already close to perfect for your needs? Do you live alone or do you have a family to consider? Do you only need a functional living area or do you need an actual home? Does your business have foot traffic and how will that affect your personal living space? Is your business virtual? Will there be no foot traffic? Is the home environment more important than the business? Do you prefer a more residential neighborhood? Would a bedroom office work for you? Do you require a guesthouse to convert into your office? Does it need a separate entrance? Would additional rental income help you pay the mortgage? Many questions need to be addressed and answered when you are considering consolidating your business into your home living space; it's a big decision.  The shortage of available live/work space in Long Beach has caused some business owners to purchase mixed use income properties providing both space for their business and a living environment.  Live in one, use the other for your business, if that works for you.  In some cases a 3rd or a 4th unit will provide additional rental income to help offset that mortgage.  In Long Beach we have a plethora of Mixed Use Properties available in all sorts of configurations and condition.  Storefronts or professional office space with apartments above. Freestanding retail stores or professional offices with units out back and/or above. Front houses on main avenues, zoned for retail or commercial use, with or without additional units. Benefits of Working from Home Less Stress No distractions. Privacy. Conversations not overheard. No wandering eyes. Control schedule, can flex hours to fit lifestyle. Secure environment, no petty theft. No drive time. No more wasting 2 hours or more travelling to and from the job. No Prep time. Wake up. Have coffee. Go to work. Personal space. Decorate or arrange to personal taste. Make functional for yourself. Virtual environment Hire virtual employees as independent contractors. Decrease payroll expenses. Complete control over your life. Monetary benefits of Working from Home   Deep Reductions in expenses:  Rent Payroll Insurance Utilities Gasoline Eating out Other business overhead expenses... Business attire Clothing Shoes Accessories Dry cleaning Shoemaker Etc...   A Mixed Use property purchase requires a commercial loan.  The interest rates are usually a bit higher as are the qualification requirements.  Lenders usually want the buyer to have at least 50% down payment before agreeing to fund the loan.  Before deciding to search for a property zoned commercial or retail you should consult with a commercial lender.  If you are thinking that buying a Mixed Use property might work for you it would be my pleasure to guide you through the process from beginning to end.  Contact me to discuss this very real possibility at (562) 212-5420.  If you own a Mixed Use or Residential Income Property and are thinking about selling and understand the value of top of the search engine exposure, ask me about my Unique Internet Marketing plan.    Long Beach Income Properties Market Update 2 to 4 units For Sale   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    

Live Work Properties - Long Beach Real Estate

Live Work Properties in Long Beach California - Long Beach Real Estate - Duplex - Triplex - Fourplex

Urban Living Lifestyle Alternatives


I often wonder what is in the minds of real estate developers. How do they decide what to build and where? Sure, they conduct surveys and build what they believe will be desirable enough to sell. But do they hit the mark? Are they really providing the living spaces that today's savvy buyers crave? Sometimes yes...sometimes no.


Long Beach Buyers who contact me almost always want an extra bedroom to convert into a home office; a guesthouse works great too. I've seen dining rooms and garages in Long Beach turned into home offices when the needed space just wasn't available inside the home. The thing is that a bedroom office is a work space contained within the homes living space and that isn't always ideal environment for all home based businesses, especially those with consumer traffic, or when you need 2 separate his and hers offices. Where is the space going to come from? Do you really want to buy a 4 bedroom house to accommodate the home offices inside the home?


Our Long Beach Lofts are highly desirable live/work spaces for professionals who love the urban living environment they provide. Quite a few buyers have either purchased or have considered purchasing one of the newer lofts in Downtown Long Beach or Alamitos Beach planning on carving a home office or work area into the expansive spaces. It worked for some - mostly for those running virtual businesses from home.


Downtown Long Beach Loft Living - It's a Lifestyle!


It's difficult to conduct business from within the home environment when children are present, even if you close the door. While we love our children and most parents have a built in off switch, is it really professional to hear children running around being noisy in the background when you are on a business or sales call? There is a real need for separate office space for many who chose to work from home.


With so many people working from home now functional living and work space should be a factor when designing living environments in both urban and more rural areas. We don't seem to have moved into this arena much; perhaps it is because we are already so built up. When the majority of homes were built years ago on most of the available land we didn't have the same needs or concerns as we now do.


When searching for a live/work home there are many things to consider.


  • Does the business need a separate space for instance a storefront or professional office?
  • Would a particular neighborhood be more conducive to a successful business?
  • Do you need a visible location on a main avenue with signage?
  • Do you want your business housed in a free standing structure?
  • Do you need a parking lot? If so, how many spaces are required?
  • Are you willing to remodel the storefront or office to suit your personal needs? Is it financially responsible to remodel? Or does it need to be in ready condition - already close to perfect for your needs?
  • Do you live alone or do you have a family to consider?
  • Do you only need a functional living area or do you need an actual home?
  • Does your business have foot traffic and how will that affect your personal living space?
  • Is your business virtual? Will there be no foot traffic?
  • Is the home environment more important than the business?
  • Do you prefer a more residential neighborhood?
  • Would a bedroom office work for you?
  • Do you require a guesthouse to convert into your office? Does it need a separate entrance?
  • Would additional rental income help you pay the mortgage?


Many questions need to be addressed and answered when you are considering consolidating your business into your home living space; it's a big decision.


The shortage of available live/work space in Long Beach has caused some business owners to purchase mixed use income properties providing both space for their business and a living environment. Live in one, use the other for your business, if that works for you. In some cases a 3rd or a 4th unit will provide additional rental income to help offset that mortgage.


In Long Beach we have a plethora of Mixed Use Properties available in all sorts of configurations and condition.


  • Storefronts or professional office space with apartments above.
  • Freestanding retail stores or professional offices with units out back and/or above.
  • Front houses on main avenues, zoned for retail or commercial use, with or without additional units.


Benefits of Working from Home


  • Less Stress
  • No distractions.
  • Privacy. Conversations not overheard. No wandering eyes.
  • Control schedule, can flex hours to fit lifestyle.
  • Secure environment, no petty theft.
  • No drive time. No more wasting 2 hours or more travelling to and from the job.
  • No Prep time. Wake up. Have coffee. Go to work.
  • Personal space. Decorate or arrange to personal taste. Make functional for yourself.
  • Virtual environment
  • Hire virtual employees as independent contractors. Decrease payroll expenses.
  • Complete control over your life.


Monetary benefits of Working from Home

Deep Reductions in expenses:

  • Rent
  • Payroll
  • Insurance
  • Utilities
  • Gasoline
  • Eating out
  • Other business overhead expenses...
  • Business attire
    • Clothing
    • Shoes
    • Accessories
    • Dry cleaning
    • Shoemaker
    • Etc...

A Mixed Use property purchase requires a commercial loan. The interest rates are usually a bit higher as are the qualification requirements. Lenders usually want the buyer to have at least 50% down payment before agreeing to fund the loan. Before deciding to search for a property zoned commercial or retail you should consult with a commercial lender.


If you are thinking that buying a Mixed Use property might work for you it would be my pleasure to guide you through the process from beginning to end. Contact me to discuss this very real possibility at (562) 212-5420. If you own a Mixed Use or Residential Income Property and are thinking about selling and understand the value of top of the search engine exposure, ask me about my Unique Internet Marketing plan.

Long Beach Income Properties Market Update 2 to 4 units For Sale

Long Beach Income Properties For Sale

]]> http://www.longbeachrealestatehome.com/live-work-properties-and-living-in-long-beach-california-long-beach-real-estate#comments