Long Beach Condos 2010 Sales Update-Long Beach Real Estate SalesLong Beach Condo Sales 2010 Update-(562) 212-5420-Long Beach Real Estate SalesLong Beach Condos - 2010 Sales UpdateState 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.
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 spacesCurrently 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 spacesCurrently 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 spaceCurrently 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 spacesCurrently 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 spaceCurrently 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 spacesCurrently 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 spaceCurrently 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 spaceCurrently 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 - AllCurrently 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:
Long Beach Condos For Sale
http://www.longbeachrealestatehome.com/00AB7D
Posted on May 26, 2010 18:45:00 by Laurie Manny
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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? 
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.
