Long Beach Real Estate-Long Beach Condos

Circle Area Real Estate Market Report

Homes Condos and Income Properties

Long Beach Real Estate - Long Beach California

Last Update:  Tuesday, March 9, 2010

 

 

Circle Area home sales got off to a slow start this year with only 1 single family home, 6 condos and 1 duplex closing escrow through March 8.  Sales are picking up as we head into the Spring selling season.  There are currently 9 homes, 23 condos and 3 income properties in escrow which should provide us with a healthy end to the first quarter of 2010. 

 

At this time there are 8 homes, 15 condos and 8 income properties for sale in the Long Beach Circle Area neighborhood.  While the average days on market is reflecting high, the reality is that many of these properties are selling very quickly - when they are priced to do so. 

 

If you are thinking about selling, clean it up, price it right and it will sell.  If you are a first time home buyer, the Circle Area is a great place to purchase your starter home, the price is right and the neighborhood is great.  The Circle area is the heart of Long Beach; there is a ton of shopping and it is right in the middle between the freeway and the beach, just a short jump to either. 

 

There is an abundance of bungalow starter homes in the Circle Area, some very nice condo complexes and a great selection of duplexes and triplexes; check out area photos and homes in the slide show at the top of this article.  The Circle Area is a great neighborhood to purchase a duplex or triplex to live in and use the rental income toward paying down your mortgage.  If you are having trouble finding the home or condo you want for the amount you are approved for, you should ask your lender how much you would qualify for if you decide to purchase a duplex or triplex instead.  It's a smart way to become a first time homeowner and the Circle Area is the place to do it. 

Long Beach - Circle Area Homes

8 Homes are For Sale in the Circle Area

• Average Price:  $505,212
• Average Days on Market:  95
  

9 Homes in the Circle Area are in escrow:

1 Home is Pending:

• Average Price: $325,000
• Average Days on Market:5

8 Homes are accepting Back-Up Offers:

• Average Price:  $418,737
• Average Days on Market: 140

1 Home in the Circle Area Sold (Closed Escrow) in 2010:

• Average Price: $515,000
• Average Days on Market: 62

2009 Circle Area Single Family Home Sales:

• # of Homes Sold:  36
• Average Price:  $371,358
• Average Price per square foot:  $282.40
• Average Days on Market:  77

Long Beach - Circle Area Condos

 

15  Condos are For Sale in the Circle Area

• Average Price:  $288,846
  
• Average Days on Market:  73
  

23 Condos in the Circle Area are in escrow:

11 Condos are Pending:

• Average Price: $255,943
• Average Days on Market:  75
  

12 Condos are accepting Back-Up Offers:

• Average Price:  $279,566
• Average Days on Market: 80
  

6 Condos in the Circle Area Sold (Closed Escrow) in 2010:

• Average Price: $316,041
• Average Days on Market: 80
  

2009 Circle Area Condo Sales:

• # of Condos Sold:  46
  
• Average Price:  $260,063
• Average Price per square foot:  $262.69
• Average Days on Market:  79
  

Long Beach - Circle Area Income Properties

8  Income Properties are For Sale in the Circle Area

• Average Price:  $587,436
• Average Days on Market:  166
  

 3 Income Properties in the Circle Area are in escrow:

1  Income Property is Pending:

• Average Price: $305,000
• Average Days on Market:  15
  

2  Income Properties are accepting Back-Up Offers:

• Average Price:  $774,000
• Average Days on Market: 122
  

 1 Income Properties in the Circle Area Sold (Closed Escrow) in 2010:

• Average Price: $390,000 (duplex)
  
• Average Days on Market: 33
  

2009 Circle Area Income Property Sales:

• # of Income Properties Sold:  9; 3 duplexes, 3 triplexes and 3 four-plexes
  
• Average Price:  $536,770
• Average Price per square foot:  $227.64
• Average Days on Market:  120

Search Circle Area and Eastside

Homes Condos and Income Properties For Sale

Direct feed from SoCalMLS - always current

*Contingent status means the listing is in escrow accepting back-up offers.

*Pending status means the property is in escrow, not accepting back-up offers.

 

When you are ready to buy or sell call your Long Beach neighborhood expert.  Laurie Manny 562-212-5420.

Long Beach Home Owner Tax Credit Information:

• Long Beach Buyers have 62 Days to Claim Home Buyer Tax Credit
• Home Buyer and Home Owner Tax Credit Bill Passed by House and Senate>>>
• $8000 Tax Credit for Long Beach First Time Home Buyers>>>
• Long Beach Home Owner Tax Credit For New Insulated Garage Doors>>>
• Long Beach Home Owners Can Deduct PMI>>>

Important Long Beach Home Buyer Tips

• Don't Make Any Major Purchases>>>
• Things to Avoid Before Purchasing Your Long Beach Home>>>
• Changing Jobs Affects Your Ability to Purchase Your Long Beach Home>>>
• Long Beach Homes - Issues for 1st Time Buyers>>>
• Long Beach Condos - Buyer Tips for a Smart Purchase>>>

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