Downtown Long Beach Condos | Alamitos Beach Condos | State of the Market

Downtown Long Beach Condos | Alamitos Beach Condos | State of the Market

DOWNTOWN LONG BEACH CONDOS
ALAMITOS BEACH CONDOS


Long Beach Condos State of the Market


As of 6/22/07 there are currently 210 condos for sale in the under $500k range in the Downtown Long Beach and Alamitos Beach areas.  They have been on the market for an average of 86 days.  One of these has been on the market for 279 days, yeah, that is a really long time. 

 

In the over $500k market there are currently 58 condos for sale, average days on market of 110 days, the longest being on the market for 638 days, which seems ridiculous and could be an error in the MLS.  The next longest being 305 days on market and I don't think that one is going to sell anytime soon. 

 

 

Year to date statistics 1/1/2007 through 6/21/2007 for the Downtown Long Beach and Alamitos Beach communities (Area 4):

 

  • 165 Condos have closed escrow in all price ranges and all sizes
  • There are currently 25 condos in escrow accepting back up offers
  • There are 40 condos pending in escrow at this time
  • 9 condos have been withdrawn from the market
  • 103 condos have cancelled
  • 127 condos have expired


Yes, those numbers are kind of scary. But you can still sell your Downtown Long Beach or Alamitos Beach Condo.






http://www.longbeachrealestatehome.com/005F21
Posted on June 28, 2007 12:15:49 by Laurie.Manny
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To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.