Long Beach Lofts - Market Update - Long Beach Real Estate For Sale

Long Beach Lofts-Market Update-562-212-5420-Long Beach Real Estate For Sale



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



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

Main Street Realtors Long Beach - Laurie Manny - Long Beach Realtor   

Laurie Manny

Long Beach Realtor®

(562) 212-5420

244 Redondo Avenue
Belmont Heights
Long Beach, California 90803

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4161 Hathaway 46 Long Beach CA-Circle Area Condo - SOLD - I can sell YOURS too!

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Posted on January 12, 2010 17:35:29 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.