Long Beach Real Estate-Long Beach Condos

1st Time Buyer Tips

Hire a Buyers Specialist When Buying Long Beach Homes and Condos

Have you noticed that ever since you decided to purchase a home or condo in Long Beach you now notice For Sale signs everywhere?  You even notice them when you are in Long Beach neighborhoods you are not interested in and find yourself pulling over to write down the phone number to call for more information.

Did you realize that when you make that call you are speaking to the listing agent who represents the seller.  It is their job to sell the property and protect the sellers interest, there is a written contract between them.  It is not the job of the listing agent to protect you or your interests. 

Homeownership is a big step and in most cases the purchase of your home will represent the single largest investment of your life.  It is in your best interest to have seperate representation when buying real estate in Long Beach.  A talented and professional buyers agent/Realtor® can protect 1st time buyers in ways you cannot even think of this early in your home search.  Your buyers agent will be able to provide you with comparable sales that you can trust, information about the home and prior transactions that the listing agent may not be able to divulge.  A buyers agent can provide you with other properties that meet your criteria, show you those homes, write and negotiate a contract that is in your best interest, not the sellers, and they can help you find the necessary financing. The best part is that the buyers agent is paid for by the seller, it doesn't cost you anything. 

 

The Laurie Manny Professional Group has several experienced and talented buyer specialists ready to assist you in the purchase of your Long Beach Homes and Condos.  Let us protect you and place you and your family safely in your next Long Beach Home or Condo.

 

Feel free to use our website 24 hours a day to browse all the latest Southern California and Long Beach listings.  

 

Call Laurie to begin your Long Beach home search at (562) 212-5420  Contact Us

 

 

Long Beach Home Buyer Tips

• Home Buyer Tips - Dont Make Any Major Purchases
• Home Buyer Tips - Things to Avoid Before Purchasing a Home
• Home Buyers Tips - Changing Jobs Affects Your Ability to Purchase a Home

 

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

 

http://www.longbeachrealestatehome.com/0092EA

Long Beach California History

 

 

From the People of the Earth to the City of Long Beach

A Native American tribe known as the Tongva (which means ˜the people of the earth) were the citys first known residents.  The Tongva disappeared in the 1800s as settlers began pouring into the area.  Manuel Nieto built a rancho on a huge parcel of land awarded him through the Spanish Land Grant in 1784.  Over time, his property was divided many times for business and personal reasons.  Long Beach grew out of two settlements that came from Nietos tract:  Los Cerritos and Los Alamito.

 

 

Settling Long Beach

In 1880, Englishman Erwin Willmore created the first township here by subdividing parts of Los Cerritos.  Even after the township failed, settlers were drawn to the areas easy access to the ocean, wide beaches and business opportunity.  By 1888 the City of Long Beach had a name, 59 buildings and a school.  Long Beach incorporated in 1897. 

 

 

Do you like historic homes? 

Today, Willmore City has more Craftsman, Prairie, Victorian, Mission and Spanish Colonial Style homes than any other Long Beach historic homes districts.  Named for Mr. Willmore, it was part of the citys original 1881 plan.

 

Historic Villa Riviera Condominiums

In 1933 Long Beach was hit by a very large earthquake which caused incredible damage to buildings for miles around the city.  During the 30s and 40s the city slowly rebuilt itself and began to attract the motion picture industry. 

 

Elizabeth Taylor spent her first honeymoon at the Hilton Hotel on Ocean Boulevard, she married Nicky Hilton, son of Conrad Hilton.  The Breakers Hotel Penthouse has since been converted to the magnificent restaurant The Skyroom (my personal favorite).  

 

 

Long Beach was known as the motion picture capital of the world until post World War I when Hollywood developed around the glitz of the era.  With its perfect Southern California climate, Long Beach afforded the perfect setting for the industry.  There were eight film houses, two stock companies, roller-coasters and bath houses at the historic Pike, along the shore of Downtown Long Beach.  This was the home of the Balboa Amusement Production Company, the worlds most prolific silent-film studio.  W. C. Fields and other stars lived in beautiful mansions in the Bluff Park neighborhood along Ocean Boulevard and First Street, many of which remain in the families to this day.

In 1967 the Queen Mary (built in 1936) was withdrawn from service to the Cunard line and brought to rest in Long Beach Harbor.  She was to become a floating hotel, open to the public.  She was outfitted with restaurants, shops and tours -  open to the public.  Did you know that the Queen Mary transported troops during World War II and served as Winston Churchills headquarters at sea?  She was painted gray and nicknamed ˜The Gray Ghost.  The Queen transported over 800,000 troops and traveled 660,000 miles.  The Queen Mary is now listed in the National Register of Historic Places. 

 

Historic Landmarks right here in Long Beach. 

Long Beach is home to many interesting and well preserved historic landmarks.  One such historic landmark is Fire Station #10, the oldest remaining fire station in Long Beach.  Today it is no longer in service for firefighters, but instead houses the Long Beach Firefighters Museum and contains a collection of antique fire engines, historical photographs, and other firefighting memorabilia.

 
The  Long Beach Museum of Art ,  in historic Bluff Park, is housed in the historic Elizabeth Milbank Anderson House, a stunning Craftsman Mansion, built in 1929.  The museum is perched on a towering bluff overlooking Long Beach Harbor.  With ocean front gardens and a charming cafe, it is a wonderful place to escape to for a day of gazing out over the ocean, watching the comings and goings of the cruise ships and viewing the harbor. 

If you love books, be sure to visit the historic landmark Acres of Books a family owned used books store that has been in Long Beach for over 50 years.  With more than 750,000 used books in stock, youre sure to find something to enjoy.  (...Read More About Long Beach Historic Landmarks)

Historic Treasures

Today the  Rancho Los Alamitos Historic Ranch and Gardens and Rancho Los Cerritos Historic sites are owned by the City of Long Beach.  Be sure to stop by these history-rich treasures!  Youll see agricultural buildings, acres of gardens and adobe ranch homes dating from the 1800s.  Long Beach is packed with historic homes and significant older structures.

 

 

http://www.longbeachrealestatehome.com/008FBF

Harborplace Tower Luxury High Rise Condominiums

525 Seaside Way

Downtown Long Beach California 90802

 

Located at the corner of Ocean Boulevard and Linden, living at the Harborplace Tower Luxury high rise condos places you directly in the heart of Downtown Long Beach.  Find fine dining, interesting shops, the Performing Arts Center, the Promenade, Pine Avenue, Shoreline Village and the Marina all within steps of your front door. 

The Harborplace Tower Condos, completed September 1992, has 22 floors (no 13th floor), 220 residential units, one commercial space plus offices, 3 levels of parking and was designed to provide many different views.  Enjoy sweeping shoreline and waterfront views south to Newport Beach, the Long Beach Marina, Long Beach Harbor and the Port of Long Beach, as well as views including the Cruise Ships entering and exiting the Harbor, the Queen Mary and fantastic city lights views. Ocean view units enjoy ringside seats of Shoreline Drive, which is converted every April into the Long Beach Grand Prix Racetrack.  Ocean view condos also have prime seats for the Downtown Long Beach Fireworks Display on July 4th. Enjoy the races and fireworks from the comfort of your living room or patio without dealing with the crowds. Grand Prix track map can be viewed here.  

 

Resort style amenities and sweeping waterfront and city views...................does it get any better than this? 

• Pool
• Spa
• Gym
• Sauna
• Concierge
• 24 hour security
• Emergency helipad on rooftop
• 22 stories
• 220 residential units
• 1 commercial space plus offices
  
• 3 Parking Levels

 

Main Entrance and Guest Parking is accessed at the Seaside Way Entrance

Ocean Boulevard Entrance is reserved for residents only

 

Harbor Place Tower Luxury High Rise Condo SOLD

Waterfront Views

 

Search all available Condos For Sale at Harborplace Towers 

Contingent sales are currently "In Escrow"

 

Call today for an appointment to view available condos at Harborplace

(562) 212-5420

5 Harbor Place Tower Condos are currently in escrow

RES	Status	Address	Bd	B t/f	Gar	SqFt	Price	DOM
1	B	525 E Seaside Way 2010	1	1/1	2	704	$240,000	65
2	B	525 E Seaside Way 901	1	1/1	2	834	$255,000	110
3	B	525 E Seaside Way 2005	1	2/1	2	1,340	$385,000	119
4	P	525 E Seaside Way 1707	2	2/1	2	1,220	$425,000	147
5	P	525 E Seaside Way 503	2	2/2	2	1,310	$445,000	37

2010 Harborplace Tower - Closed Sales 1/1/2010 - 7/19/2010

RES	Address	Bd	B t/f	Gar	SqFt	Price	DOM
1	525 E Seaside Way 1802	1	1/1	2	622	$240,000	35
2	525 E Seaside Way 1106	1	1/1	2	830	$320,000	51
3	525 E Seaside Way 1204	2	2/2	2	1,200	$365,855	26
4	525 E Seaside Way 1404	2	2/0	2	1,217	$390,000	163
5	525 E SEASIDE Way 1008	2	2/		1,112	$415,000	57
6	525 Seaside 1008	2	2/1	2	1,112	$415,000	42
7	525 E SEASIDE Way 708	2	2/1	0	1,340	$415,000	138
8	525 E Seaside Way 1205	2	2/1	2	1,382	$449,000	46
9	525 E Seaside Way 409	2	2/2	2	1,313	$485,000	66

2009 Harborplace Tower - Closed Sales

RES	Address	Bd	B t/f	Gar	SqFt	Price	DOM
1	525 E Seaside Way 1802	1	1/1	2	622	$188,000	11
2	525 E SEASIDE Way 711	1	1/		822	$200,000	6
3	525 E Seaside Way 2210	1	1/1	2	625	$225,000	11
4	525 E Seaside Way 510	1	1/1	1	625	$210,000	15
5	525 E Seaside Way 802	1	1/1	2	622	$195,000	296
6	525 E seaside Way 1101	1	1/1	2	834	$329,900	90
7	525 E Seaside Way 1606	1	1/1	2	830	$349,000	135
8	525 E Seaside Way 208	2	2/2	0	1,340	$385,000	41
9	525 E Seaside Way 1505	2	2/1	2	1,382	$435,000	104
10	525 E Seaside Way 1504	2	2/2	2	1,200	$435,000	132
11	525 E Seaside Way 1407	2	2/1	2	1,324	$424,000	129
12	525 E Seaside Way 1108	2	2/1	2	1,340	$525,000	154

2008 Harborplace Tower Closed Sales

RES	Address	Bdrms	Baths	SqFt	Price	DOM
1	525 Seaside Way 701	1	1	908	$307,000	8
2	525 Seaside Way 2211	1	1	908	$410,000	9
3	525 Seaside Way 902	1	1	704	$320,000	48
4	525 Seaside Way 611	1	1	908	$355,500	99
5	525 Seaside Way 1405	1	2	1,388	$550,000	6
6	525 Seaside Way 2105	2	2	1,340	$590,000	159
7	525 Seaside Way 709	2	2	1,399	$590,000	180

Status: S = Closed Sale

DOM = Days on Market, provided where available. 

(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

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

http://www.longbeachrealestatehome.com/00927D

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 2^nd 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 2^nd 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

http://www.longbeachrealestatehome.com/00ADC2

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

 

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