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 Homes Condos Lofts Design Upgrades

You don't have to live without a fireplace just because you bought a Long Beach home, loft or condo that didn't have one.  You also do not have to live with an existing fireplace that you do not like.  You can warm up your space with a spectacular ventless gas fireplace insert.  There are many designs to choose from or you can design your own look, go long and horizontal, vertical or conventional.  Build them right in and make them 'belong' in your space. 

There are tons of hip new ideas in fireplace design, you are only limited by your imagination. You can go long and horizontal, making the fireplace a focal point. Or you can have a two sided fireplace that warms two rooms. 

Living in a smaller space?  Still want a cool fireplace?  Maybe the answer is to go Vertical to conserve space.  There is no reason that you cannot have a fireplace with so many new designs to choose from. 

Have an existing fireplace that is causing problems?  Need to replace a chimney and finding out how expensive that will be?  Were you thinking about just removing the fireplace rather than going through the expense of replacement? Want to replace an old wood burning fireplace with a clean gas model?  Want to keep the fireplace design you have?  Perhaps a gas insert is the way to go.  There are many shapes, sizes and models to choose from, including the more traditional.  Just choose one that suits your design and taste. Gas inserts are a reasonably priced alternative to expensive fireplace and chimney repairs... they are just cleaner. And, they look great!

These designs were all found online at "Gas, Logs Fireplaces and More".  Their prices are quite reasonable, there are many details about their products on their site including installation instructions for the do it yourselfers out there.  They can even help you with installation in many areas. Lots of good ideas to be found on this site.  (not a paid advertisement)  There are many sites exhibiting many different designs available to you online, I even found some on Ebay, very well priced.  

 

Fireplaces are a great addition to any home, condo or loft, they make a home feel warm and inviting.  Many existing homes, new condo developments and lofts in Long Beach do not have them and rolling in a portable one just isn't the same, they never really look like they belong.  Incorporating one into the design of your Long Beach home just makes more sense and looks so much better.  When buyers come to see your home, they will imagine themselves curled up in front of the fire in their new home.  It's the warm and fuzzies that sell homes. 

Long Beach Home Owner Tax Credit Information:

• 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>>>

 

When it's time to buy or sell call Laurie (562) 212-5420, your Long Beach neighborhood expert.

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

 

http://www.longbeachrealestatehome.com/00A810

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

LIGHTS CAMERA ACTION - EXTRA INCOME

Long Beach Homes Condos Lofts and Business Owners

With the economy in such turmoil many Long Beach homeowners are finding themselves short of cash when it comes time to pay the bills.  Are you interested in making a bit of extra cash?  Would you be willing to turn your Long Beach home or business over to a production company for filming to provide some extra cash flow?  Would you even know where to start to make that happen? 

As a Realtor in Long Beach I understand how important representation is when you are swimming in unknown waters.  It's no different when you are thinking about signing a contract with a production company.  When you list your Long Beach home for sale you depend on your Realtor to market it, negotiate on your behalf and act as your representative.  When you list your home for consideration as a location you need somebody to promote it, negotiate on your behalf and act as your representative.  Not so different huh? 

Wouldn't it be nice if your representative also watched over your home during the production, made certain that your home was insured, treated with respect and was put back together when returned to you?  Seriously, wouldn't you expect that? 

Beyond just having an opportunity to provide some extra cash flow, it's kinda cool to see your home in a commercial, TV show or feature film, isn't it? Do you think that the bragging rights might even make your home more desirable to a buyer when the time comes to sell?  I do!  Bragging rights get transferred! 

 

LB Locations has 8 plus years experience negotiating with film productions.  They have a search-able database, not unlike the MLS, to meet the needs of location scouts when they are seeking the right location.  Shoots can last for 1/2 a day to several weeks.

 

Please don't think that your Long Beach home isn't good enough, they are always scouting a wide variety of different types of locations. All kinds of Long Beach homes, boats, businesses, etc... are needed for shoots, those in good and not so good condition, check out the location library and see for yourself. 

Check them out on Facebook too.  Their recent message on Facebook? 

"Happy because rumor has it, lots of commercials are on production companies' schedules in the upcoming months! NOW is a great time to get your awesome location listed with us!"

Some of LB Locations Production Credits: 

 

• "Donnie Darko"
• "American Pie 2 
• "Red Dragon" 
• "Not another Teen Movie"
• "Men vs. Women" Showtime
• "Joan of Arcadia"
• "Anger Management"
• "Coach Carter"
• "Medium"
• "Click" 
• "Thank You for Smoking"
• "The O.C."
• "Boston Legal"
• "House"
• "Fractured"
• "CSI Miami"
• "Criminal Minds"
• "Cane"
• "Chuck"
• "License to Wed" 
• "There Will Be Blood"
• "DayBreak"
• "Nip/Tuck"
• "Dexter"
• "Desperate Housewives"
• "PrisonBreak"
• "90210" 
• Commercials for:
• Volkswagon
• Wendy's
• Miller Lite
• Pizza Hut
• Safeway
• Marshall's
• Jack in the Box
• Verizon
• Sheer Cover
• Anna's Linens

 

Find out How To Be a Location.  Email lblocations@mac.com or call 562-951-0306, send some photos and your contact information, they will contact you and help you become a location. 

 

On a very serious note, becoming a location for a major film production could mean the difference between keeping your Long Beach home and going into foreclosure or short sale.  While this solution will not work for everybody, it is my sincere hope that it will save somebody.  If you are in trouble it just cant hurt to list your Long Beach home, condo or loft as a possible location and may provide you with the time needed to correct your situation. 

 

This is NOT a paid advertisement.  

 

 

Laurie Manny Professional Group

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

(562) 212-5420

http://www.longbeachrealestatehome.com/00A720