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>>>

Laurie Manny Professional Group

244 Redondo Avenue

Belmont Heights

Long Beach, California 90803

(562) 212-5420

 

 

http://www.longbeachrealestatehome.com/00A885

Lakewood Plaza Market Report

Long Beach Real Estate Sales 2010

January 1, 2010 - March 3, 2010

What's going on in the Lakewood Plaza/Rancho Real Estate Market?  

There are 23 Lakewood Plaza Rancho homes for sale on the real estate market at an average price of $528,369.  The average price for closed 2010 sales in the area is $533,053.  Lakewood Plaza Rancho Homes are selling at an average of 49 days on market, this is very good for todays market.  Sellers in this Long Beach neighborhood are pricing homes to sell at today's market price point, buyers are recognizing this and are purchasing in the Lakewood Plaza Rancho community. 

The Lakewood Plaza Rancho neighborhood is known for its exceptional elementary school and its quiet tree lined residential streets making it quite attractive to buyers. 

While the real estate market certainly still has its challenges and more are certain to follow, the Lakewood Plaza/Rancho neighborhood remains an excellent place to purchase a house and to call home.  This is a great time to be on the market, priced to sell. 

23 homes are for sale in the Lakewood Plaza/Rancho neighborhood of Long Beach.

• Average Price: $528,369
  
• Average Days on Market:  75

21 homes in Lakewood Plaza Rancho are in escrow. 

8 are accepting Back-Up Offers:

• Average Price: $504,075
• Average Days on Market: 77

13 are Pending, in Escrow:

• Average Price: $508,507
• Average Days on Market: 43

 

15 homes in Lakewood Plaza Rancho have sold (closed escrow) in 2010. 

• Average Price: $533,053
• Average Days on Market: 49

3 homes in Lakewood Plaza Rancho are on Hold (do not show).

• Price: $479,966
• Days on Market:  65
  

3 Lakewood Plaza Rancho homeowners cancelled their listings.  

• Average Price: $543,299
• Average Days on Market: 92

5 Lakewood Plaza Rancho home listings expired in 2010. 

• Average Price: $503,790
• Average Days on Market: 100

View Lakewood Plaza Rancho Homes For Sale in Long Beach California

Streaming all listings direct from the SoCal MLS

 

Lakewood Plaza Rancho Closed Sales History

	2010 YTD	2009	2008	2007	2006	2005
#  Homes Sold	15	111	121	134	191	229
Avg Sale Price	$533,053	$495,930	$492,756	$597,358	$609,777	$591,553
Avg Price Sq Ft	$308.66	$345.11	$351.47	$417.15	$432.47	$420.44
Avg Days on Market	49	59	62	53	50	31

Begin your search for your Long Beach Home today>>>

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

http://www.longbeachrealestatehome.com/00910E

Long Beach California Luxury Homes 2010 Market Update

Updated February 24, 2010

What's going on in the Long Beach Luxury Homes Market?

Long Beach Luxury Homes market sales are starting off 2010 with lower sale prices, shorter days on market and lower price per square foot.  The luxury homes market is experiencing a sizable variety of homes for sale, but few closed sales.  Compared to the same time frame in 2009 sales this year have doubled to a grand total of 4, last year in the same time frame only 2 luxury homes had closed escrow. We will be watching the luxury home market closely this year for more activity.  Prices are coming down slowly and buyers are watching, waiting for the right price. 

 

1/1/2000 THROUGH 2/24/2010		# SOLD	AVG SOLD PRICE	PRICE SQ. FT.	DAYS ON MARKET
2010	YTD	4	$1,290,000	$519.95	82
2009		49	$1,345,808	$456.05	141
2008		82	$1,568,406	$546.48	101
2007		144	$1,421,877	$512.94	81
2006		152	$1,515,896	$537.17	84
2005		191	$1,672,615	$592.29	63
2004		101	$ 1,389,806	$468.11	66
2003		66	$1,550,296	$463.19	73
2002		35	$1,320,650	$378.52	81
2001		18	$1,281,000	$360.44	80
2000		17	$1,648,529	$447.48	137

74 Luxury Homes in Long Beach over $1,000,000 are for sale: 

• Average Price:  $1,887,079
• Average Price per sq. ft.:  $553.40
• Average Days on Market:  146
  

9 Long Beach Luxury Homes are currently in escrow:  

6 are accepting back-up offers:

• Average Price:  $2,785,500
• Average Price per sq. ft:  $670.88
• Average Days on Market:  166
  

 

3 are pending:

• Average Price:  $1,548,333
• Average Price per sq. ft:  $397.11
• Average Days on Market:  119

 

4 Long Beach Luxury Homes Sold 1/1/2010 - 2/24/2010

• Average Price:  $1,290,000
• Average Price per sq. ft.:  $481.16
• Average Days on Market:  82
  

2010 Closed Luxury Homes Sales Breakdown:

• Naples Island 3 bdrm, 2 bath 2, 747 sq ft, Closed at $1,100,000, 207 Days on Market. 
  
• Naples Island 3 bdrm, 1 bath 1,900 sq ft,  Closed at $1,729,000, 53 Days on Market. 
• Belmont Heights 3 bdrm, 2 bath 2,878 sq ft, Closed at $1,056,000, 60 Days on Market. 
• Los Altos 3 bdrm, 2 bath 3,200 sq ft, Closed at $1,275,000, 82 Days on Market. 

*List of closed sales will be provided upon request.

 

• 8 Long Beach Luxury Homes cancelled their listings. 
  
• 7 Long Beach Luxury Home listings expired. 
  
• 1 Long Beach Luxury Home withdrew from the market. 
  

 

Long Beach Luxury Homes Absorption Rate: 

• 83 Luxury homes for sale and/or in escrow
• 7 Long Beach Luxury homes sold in December 2009
• 83 Luxury homes divided by average sales of 7 per month = 11.8 months for the market to absorb the existing luxury homes inventory.  
• Absorption rate does not account for new inventory entering the market.
  

Long Beach Luxury Homes over $1,000,000 For Sale

Updated automatically from the MLS

 

(Direct feeds from the Southern California MLS)

Read more »

http://www.longbeachrealestatehome.com/009798

Long Beach Lofts - Market Update

 

Last Updated 1/15/2010

 

Have you been out looking for a condo in Long Beach? Not finding anything that suits you? Really wanting something a bit different? Looking for something a little more upscale and a little less apartmenty? There may be a loft in your future! Long Beach has lofts of all types; High Rise, Low Rise, Historic or Sleek and Modern...there is a loft in Long Beach to suit your taste!

Back in 2003 Long Beach experienced its first stirrings in the loft market, both in Downtown Long Beach and in Alamitos Beach. The first loft conversion was being completed and others were in the works bringing with them more variety when choosing a place to live and a lifestyle. The first year, 2003, 1 loft sold in Long Beach! 2004 saw 3 loft sales, 2005 increased to 11 loft sales, 2006 saw another increase to 22 loft sales, 2007 topped out at 24 loft sales, then our real estate market collapsed. 2008 sales dropped to just 13 lofts sales as owners struggled with sub prime problems and their adjusting mortgages. 2009 sales rebounded to 24 sales strong as some of these units became short sales and foreclosures with affordable price tags! (See chart below for Long Beach loft sales statistics for 2000 through 2009)

Lofts for Sale in Long Beach

There are currently 10 lofts for sale in Long Beach ranging in price from $300,000 to $1,030,000.

• Average Listing Price: $503,880
• Average Days on Market: 89

Long Beach Lofts for Sale as of January 15, 2010

#	MLS#	Address	Bed	B t/f	St	Gar	SqFt	List Price	DOM
1	P713949	829 Pine Ave	0	1/1	1	1	1,030	$300,000	36
2	P702800	207 E Broadway 302	1	2/1	1	1	1,450	$325,000	35
3	CLW-08336631	133 THE PROMENADE 103	1	3/		0	1,570	$325,000	389
4	R907668	835 Locust Ave 215	1	1/1	1	2	1,924	$394,900	29
5	R907714	835 Locust Ave 320	1	1/1	1	2	1,620	$419,900	25
6	S599709	835 Locust Ave 326	2	1/1	1	2	2,019	$420,000	23
7	S599689	849 Pine Ave A	1	1/1	S	2	1,209	$580,000	22
8	P699791	835 Locust Ave 618	1	1/1	1	2	1,970	$619,000	153
9	P716339	835 Locust Ave 617	3	2/1	2	2	2,620	$625,000	10
10	P690560	207 E Broadway St 201	2	2/2	1	0	2,730	$1,030,000	224
Average			1			2	1,814	$503,880	95
Number of Properties: 10
Average ( ListPrice / SqFt ) : ( 503880 / 1814 ) = $ 277.77

Call Laurie to schedule an appointment to view any of these properties (562) 212-5420

Lofts in Long Beach in escrow, accepting back-up offers

There are currently 6 Long Beach lofts in escrow, accepting back-up offers.

• Average Price: $335,450
• Average Days on Market: 209

Lofts in Long Beach Pending in Escrow

There are currently 4 Long Beach Lofts Pending in Escrow.

• Average Price: $288,000
• Average Days on Market: 112
  

• 10 Long Beach Loft Homeowners cancelled their listings in 2009.
• 12 Long Beach Loft Listings expired.

Long Beach Lofts - SOLD - 2009

Comparable Sales

#	MLS#	Address	Bed	B t/f	St	Gar	SqFt	Sold Price	SP/ SqFt	Sold Date	DOM
1	P692792	835 Locust Ave 111	0	1/1	1	1	791	$220,000	$278.13	12/07/2009	77
2	P646655	834 E 4th St 20	1	2/0	S	2	839	$280,000	$333.73	1/02/2009	171
3	P689300	133 The Promenade 105	1	2/1	3	2	993	$325,000	$327.29	9/29/2009	83
4	P694147	1100 E 3rd St 201	1	3/1	1	2	1,530	$295,000	$192.81	10/15/2009	10
5	P682825	835 Locust Ave 217	0	1/1	1	1	1,943	$320,000	$164.69	7/27/2009	58
6	P673514	395 E 4th St 17	1	2/1	2	1	1,770	$329,900	$186.38	6/10/2009	23
7	P667507	835 Locust Ave 425	1	1/1	3	2	1,324	$332,500	$251.13	8/26/2009	201
8	R902638	100 W 5th St	1	1/1	3	0	1,129	$345,000	$305.58	8/25/2009	122
9	P658244	835 Locust Ave 510	1	1/1	1	1	989	$325,000	$328.61	4/22/2009	154
10	P617818	835 Locust Ave 518	2	1/1	3	2	1,951	$350,000	$179.40	9/18/2009	603
11	R902978	1100 E 3rd St 201	0	3/1	2	2	1,530	$340,000	$222.22	6/20/2009	0
12	P688061	100 W 5th St 5e	1	1/1	1	1	1,100	$357,000	$324.55	9/15/2009	86
13	P678974	835 Locust Ave 517	0	2/2	1	1	2,240	$369,900	$165.13	6/15/2009	51
14	R906749	115 W 4th St 209	1	1/1	3	0	1,730	$375,000	$216.76	12/11/2009	15
15	P679662	100 W 5th St 8c	1	1/1	2	1	1,044	$367,000	$351.53	7/10/2009	114
16	S565460	395 E 4th St 2	1	2/1	S	2	1,770	$399,000	$225.42	4/08/2009	5
17	S594514	115 W 4th St 402	1	1/1	1	2	1,454	$399,900	$275.03	12/22/2009	0
18	P659722	835 Locust Ave 118	1	1/1	1	2	1,578	$383,000	$242.71	10/16/2009	322
19	CLW-08336197	133 N THE PROMENADE 115	3	2.5/		0	1,875	$434,500	$231.73	5/14/2009	144
20	CLW-09340187	133 THE PROMENADE 114	2	2.5/		0	1,800	$437,500	$243.06	5/27/2009	135
21	P689305	133 The Promenade 405	1	3/2	2	2	2,461	$460,350	$187.06	7/31/2009	7
22	P580270	835 Locust Ave 418	1	1/1	1	0	1,951	$470,000	$240.90	5/15/2009	628
23	P592397	835 Locust Ave 610	2	1/1	2	0	1,249	$495,000	$396.32	1/30/2009	497
24	P617831	835 Locust Ave 615	2	1/1	2	2	2,970	$700,000	$235.69	2/20/2009	393
Average			1			2	1,584	$379,606	$254.41		177
Number of Properties: 24
Average ( SalePrice / SqFt ) : ( 379606 / 1584 ) = $ 239.65

*Loft sales are those that are recorded in the SoCalMLS.

*These figures do not include sales made by builders, not listed in the MLS.

Long Beach Loft Sales 2000 - 2009

Year	# Sold	Average Sold Price	Average Days On Market
2009	24	$379,606	177
2008	13	$517,230	230
2007	24	$486,716	94
2006	22	$690,547	72
2005	11	$726,263	55
2004	3	$730,666	48
2003	1	$505,000	97
2002	0	$0	0
2001	0	$0	0
2000	2	$93,000	0

*Loft sales are those that are recorded in the SoCalMLS.

*These figures do not include sales made by builders, not listed in the MLS.

 

 

 

The Lofts of Long Beach

• Temple Lofts 835 Locust Avenue Downtown Long Beach
• Kress Lofts 100 W 5th Street Downtown Long Beach
• Walker Building 115 W 4th Street Downtown Long Beach
• The Insurance Exchange 207 E Broadway Downtown Long Beach (on the Promenade)
• Courtyard Lofts 849 Pine Avenue
• Ebell Lofts 1100 E 3rd Street Alamitos Beach Long Beach CA
• BLU Condos-Townhouses-Lofts-350 Long Beach Blvd Downtown Long Beach

Long Beach Lofts Market Update and Recent Sales

Call Laurie today to view available lofts in Long Beach (562) 212-5420

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

http://www.longbeachrealestatehome.com/00A5BA

Kress Lofts in Downtown Long Beach located at 100 West 5th Street

 

Designated as a historic landmark the Kress Lofts is a 7 story department store conversion providing spaces ranging from 920 to 2,120 square feet. Grab a martini or a glass of your favorite wine and head on up to the lavishly appointed rooftop deck and relax while watching the sunset.

On the roof of the eight story part of the building, two ultra-modern penthouses have been added with distinctive red pyramid shaped roofs. The view from their huge windows is breathtaking. Both penthouses have commercial gas stoves, private sun decks and indoor and outdoor fireplaces, one of them has its own elevator stop.

Conveniently located at the corner of 5th and Pine the Kress Lofts are a short walk to all that Downtown Long Beach has to offer.

Kress Lofts Floorplans

Kress Lofts for Sale

Direct feed from the SoCalMLS.  Always up to date.

Contingent means the property is in escrow.

Call Laurie for an appointment to view Kress Lofts (562) 212-5420

Have you been out looking for a condo in Long Beach?  Not finding anything that suits you?  Are you really wanting something a bit different'?  Looking for something a little more upscale and a little less apartmenty?  There may be a loft in your future! Long Beach has lofts of all types; High Rise, Low Rise, Historic or Sleek and Modern...there is a loft in Long Beach to suit your taste!

 

The Lofts of Long Beach    

• Temple Lofts 835 Locust Avenue Downtown Long Beach
• Kress Lofts 100 W 5th Street Downtown Long Beach
• Walker Building 115 W 4th Street Downtown Long Beach
• The Insurance Exchange 207 E Broadway Downtown Long Beach (on the Promenade)
• Courtyard Lofts 849 Pine Avenue
• Ebell Lofts 1100 E 3rd Street Alamitos Beach Long Beach CA
• BLU Condos-Townhouses-Lofts-350 Long Beach Blvd Downtown Long Beach

 

Long Beach Lofts Market Update and Recent Sales

Call Laurie today to view available lofts in Long Beach (562) 212-5420

 

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

http://www.longbeachrealestatehome.com/00A5BC