Redesign or Home Stage Your Long Beach Homes

 

In today's buyers market, now, more than ever, Home Staging or Redesign is an absolute must! This includes homeowners who are still in their Long Beach homes as well as vacant homes.  The Long Beach real estate market includes a multitude of homes that have not been cared for. Some homes have been served a Notice of Default or have gone through the foreclosure process. The information and photos of these homes are often misleading to buyers since it's based on what the home looked like months ago.  If you need to sell your home in this market a home stager can help you sell your Long Beach home!

De-cluttering, cleaning and furnishings are basically what home staging and redesign are all about. Some Long Beach homes are so cluttered with stuff, that it's time to learn about getting organized.  Contact NAPO for a professional organizer in your area, or get a book on organizing, home staging, painting, or design; there are many to choose from.

You can start with your curb appeal; making sure your lawn, shrubs and flowers are all neatly trimmed.  Paint your front door and create an inviting entrance.  Counters inside should be cleaned off, remove furniture that is not necessary, use your dining table without the leaf and only 4 chairs, organize closets and add plants and flowers.  Create a focal point in each room, and de-clutter.  I can't say it enough; clutter is the biggest challenge for a redesign expert. 

If you don't have the time, energy, or desire home stage or redesign yourself, call a home stager.  Some home stagers will redesign, others will not.  Our redesign report lists suggestions of what to take down, remove or pack away, furniture layout, tips on hanging pictures, the importance of light, how color in your rooms affect your mood and many more ideas. After you review the detailed report contact your Long Beach home stager to set up another day to complete the redesign.

The cost of hiring a company to stage your home ranges from $1,800 to $3,800 but can also go much higher.  Check with your Long Beach Home Stager for pricing. The price, size and location play a big part in the cost.

Diane Concialdi

DC Redesign  

714.815.3506

Read also: 

• Redesign Home Staging for Your Long Beach Homes
• Long Beach Home Staging-Define Your Long Beach Homes with Color
• Staging Your Long Beach Homes
• Stage YOUR Long Beach Home to Sell
• Selling YOUR Long Beach Home - It' Tough Out There - Are YOU ready for this real estate market?
• Selling YOUR Downtown Long Beach Condos-State of the Market
• Remodeling Your Long Beach Home?
• Curb Appeal On A Budget
• Summer in Long Beach California - Reduce Your Energy Costs and Stay Cool
• Self-Healing Homes
• Why Stage Your Long Beach Home or Condo?
• Long Beach Backyards-Ponds and Nasty Swimming Pools
• Long Beach Home Kitchen Remodels
• Long Beach Home Bathroom Remodels

 

 

http://www.longbeachrealestatehome.com/0062E7

Long Beach California is home to the West Coasts most affordable beach real estate.  Set in sunny Southern California we enjoy moderate temperatures year round, sweet ocean breezes and a resort atmosphere.  With our purchase prices so reasonable is it any wonder snowbirds are flocking here?  Palm Desert, 2 hours inland, is fantastic, but nothing compares to luxury oceanfront property and the beach is just more fun! 

 

Long Beach has an endless array of entertainment to suit any lifestyle or age from water-sports to nightlife, theater and fine dining.  This is the perfect place to do everything, do nothing or to just go fly a kite!

Yes we have golf courses!  Long Beach is centrally located making access to all Southern California golf courses just a short drive. 

Long Beach is conveniently located just 20 minutes south of Los Angeles International Airport (LAX), 20 minutes north of John Wayne Airport (SNA) in Irvine, and home to our own Long Beach Airport - which we love.  We are also just a 20 minute drive into Downtown Los Angeles - in case you were thinking about catching a Lakers game; attending a concert at the fabulous Staples Center or a performance at our beautiful Music Center.  Fantabulous and incomparable, 8 time Grammy award winner, Tina Turner is performing at the Staples Center as I write this, had I known that ahead of time I would be there tonight singing along........What's love got to do with it?  La la la... Gotta love that woman! 

Did I say we were centrally located?  A 2 hour drive north will find you in beautiful Santa Barbara.  Head north just a little further and enjoy a day, or a romantic weekend, in wine country.  A leisurely drive south will take you into lovely San Diego.  Catch a Padres game or spend a day at the San Diego Zoo or perhaps SeaWorld with the family then head into the Downtown San Diego gaslight district for a delicious dinner and some relaxing down time. 

Surfer?  10 minutes to surf city - Huntington Beach, where you will catch some of the finest waves on the west coast. 

Long Beach is slated to become the new home of the largest movie studio in California.  A deal has been struck to take over the Boeing facility near the Long Beach airport. This will infuse new life into Long Beach and will certainly attract celebrities to our lovely waterfront homes and high rise condominiums.  How could they resist?  You never know who your new neighbor may be! 

Did you know that Hollywood got its start in Long Beach?  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 world's 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.

Speaking of historic districts, Long Beach has 17 of them, California Heights being the largest.  We love our historic homes here.  You can find out more about the history of Long Beach here as well. 

Redevelopment in Alamitos Beach and the bustling Downtown Long Beach communities has birthed fabulous luxury high rise condominiums with endless ocean views, Manhattan style lofts and many fabulous new dining opportunities. 

The luxury home market is generally a cash market.  Brian Brady's 2009 Real Estate Market outlook predicts that disappearing jobs and financing will likely drive the price of luxury properties down in our waterfront and higher end communities.  While that is tragic for the owners of these Long Beach properties it is an incredible opportunity to purchase the Long Beach home, condo or vacation property you have been waiting for.   

The Long Beach real estate market has gone through several tumultuous years, this winter is certain to be a difficult time for sellers of Long Beach luxury homes, condos and income properties.  FHA loan limits, currently capping at $729,750 for single family home purchases are slated to be decreased to around $625,000 on January 1, 2009.  Decreasing buyer purchasing power is certain to affect prices in the mid-market range of $700,000 to about $1,000,000.

What does this mean for sellers?  If you are planning on selling, you should plan on closing your escrow before the end of the year and should price it to do so. It would be our pleasure to provide a home value assessment. 

What does this mean for buyers?  This is an incredible opportunity to purchase your new home at an incredible price.

International buyers are flocking to the United States to purchase real estate at our current depressed prices, there is limited financing for foreign nationals, most are purchasing with all cash.  Long Beach prices have become very attractive to these buyers. You can start your search for Long Beach homes here.  VIP service is provided with the ability to set up custom searches with an automatic email alert system. 

If you are interested in purchasing a Long Beach luxury oceanfront home or a high rise luxury waterfront condominium, this winter is the time to make that purchase. It would be our pleasure to assist you.

Long Beach California City and Relocation Resource Guide

 

http://www.longbeachrealestatehome.com/006061

Downtown Long Beach Home Sales 2008 Statistical Analysis for Sellers

 

October 11, 2008

 

 

A must read for Sellers of Downtown Long Beach Homes

If you are a Downtown Long Beach Homeowner and are thinking about selling your home these statistics should interest you greatly.  So far this year only 7 Downtown Long Beach Homes have closed escrow; 5 of those were bank owned foreclosures and 2 were conventional sales. These sales ranged in price from $118,000 to $400,000; 3 of them were under $200,000.  

 

Dismal, huh?

There are 5 homes in Downtown currently in escrow; 2 of these are short sales which may or may not actually close escrow and 3 are bank owned foreclosures.   These range in price from $144,900 to $381,800, 2 of these are under $200,000. 

Of the 21 Downtown Long Beach Homes currently on the market 14 are conventional sales, 6 are short sales and 1 is bank owned. Several of these homes are landmark historic beauties, a few either already qualify or will qualify for Mills Act Tax savings once the temporarily suspended Mills Act programs are reinstated.  These timeless and distinctive homes have always been in high demand and would command top dollar.  Today, they are not moving. 

The Long Beach Office of Historic Preservation has temporarily suspended granting Mills Act status until sometime in late 2009 while they re-organize; at which time a small non-refundable fee will be implemented to assist in covering costs.  For further information contact:  Jan Ostashay at the Long Beach Historic Preservation Services (562) 570-6864

 

Pretty depressing numbers, huh?  

By now you are wondering if it is even possible to sell your Downtown Long Beach home and if it is worth the hassle of putting it on the market.  If you are currently in trouble these numbers have probably left you feeling helpless and terrified.  Well, Bank of America who recently took over Countrywide just announced an $8.5 billion dollar Homeowner Retention Program designed to assist 400,000 nationwide customers.  If your loan is through Countrywide you should read the press releases I have linked to here and contact your bank in an attempt to work out a program that could help you keep your home.  Hopefully other banks will follow suit shortly and get us all out of this mess. 

 

Read:

• Bank of America Announces Nationwide Homeownership Retention Program for Countrywide Customers-Long Beach Real Estate

I looked closely at the Downtown Long Beach homes currently available on the market.  Several of them have been on the market for some time now and still don't have photos on the MLS.  The MLS pushes the listings out online to other sites.  Photos sell listings.  When buyers search for homes on the Internet, they are looking for photos, slide shows, virtual tours and video of these homes.  When photos are missing they just assume the place is a disaster and don't even consider it, we Realtors make the same assumption and usually don't even consider the home when picking out homes to show to our buyers.  Others are just not priced correctly for today's market; some are just overpriced based on their condition and location. Most are nowhere to be found online; others have photos but are not easily found on the Internet where the buyer is shopping. 

We have to be realistic about what a home is actually worth on today's real estate market, what a buyer will pay for it, the value an appraiser will attribute to it and the value an underwriter will accept on behalf of the lending bank. Buyers are looking for deals, many are finding them too.  Banks are releasing foreclosed homes onto the active market from their inventory on a regular basis and more are coming.  Conventional sales do have to compete with these sales regarding price and appraisers are using these sales to attribute value to your home sale. 

 

Appraisers are working with sets of guidelines issued to them by the lendors they represent.  Prices are changing so rapidly they usually will not accept comparable sales older than 2 months when determining value on your home.  If you priced your home 4, 5 or 6 months ago and have not aggressively reduced your price in time with the market then there is a strong possibility that you could have an appraisal problem if you do receive an offer.

 

Read: 

• Chasing the Market Down - Are You Guilty?
• My Long Beach Home Won't Sell-Are YOU Chasing the Market Down?

So what is it going to take to sell your Downtown Long Beach Homes if you have to sell? 

 

It's going to take a comprehensive online marketing package designed to place your beautiful historic home in front of buyers eyes where they are shopping - on the search engines, by a Realtor® who has the sites and the ability to achieve that on your behalf.  It's going to take a marketing expert to weave the right mix to place your home front and center where it needs to be. There is more to this than meets the eye, it takes expertise, knowledge of SEO (search engine optimization) and it takes several powerful sites. 

I have been selling Downtown Long Beach historic homes for many years, many of them several times, often representing both the seller and the buyer in the transaction.  I know Downtown Long Beach and I know these homes.  Many of you will remember the glossy postcards with the blue ocean that you used to receive from me several times a month, i'll bet that some of you still have a stack of them somewhere.  That was an intense marketing program that moved a lot of Downtown homes, condos and income properties at a time when few others were selling.  The cards were very expensive to send out and they stopped working when the consumer moved to the Internet.  I moved there with them. 

 

The last 2 years have been spent building an incredible online presence, the sites that were built are at the top of the search engines, outranking even the largest of sites in most cases.  These sites provide an opportunity to place your Downtown Long Beach homes directly in the path of buyers shopping online.  Today's buyers are technologically adept, they are not interested in newspapers, magazine ads or postcards; they don't go to open houses on somebody else's schedule.  They shop online, locate homes they are interested in viewing then call their agent to make an appointment to view the home on their time schedule. 

 

Newspapers, magazine ads and postcards were very limiting, they would only reach small targeted niche areas; the Internet has an unlimited reach.  On the Internet, we have the ability to reach Long Beach buyers from a wide geographic area including the buyer who is relocating to Long Beach from across the country. They are researching the area they are moving to or are being relocated to online for area information as well as homes. A buyer who is looking for a Long Beach home or a high rise waterfront condo, with an endless ocean view to use as a vacation home, can search online and arrange a series of appointments prior to flying in to view them, already possessing a very good idea of what they look like because they were able to view them clearly from the photos, slide-shows and videos provided online. 

 

This is a priceless opportunity to place your Downtown Long Beach homes where they need to be to provide yourselves with the highest possibility of selling.  Over 80% of all home buyers are shopping and finding their homes online.

 

If you are considering selling your Long Beach Home and are reading this then you too found me online; something to think about, isn't it?  If you would like to know more contact me at your convenience, it would be my pleasure to show you how this is accomplished.  

Nothing will sell your home if you are overpriced, in Long Beach or anywhere else. 

 

 

Read also:

• Selling YOUR Long Beach California Homes and Condos
• The 7 Dangers of Overpricing Your Long Beach Homes and Condos
• Long Beach Real Estate Sales - Market Report - Statistics - 2008
• Long Beach - Best Neighborhood for Walking
• Parking Solutions for Downtown Long Beach
• Downtown Long Beach-Belmont Shore-Parking Solutions-Long Beach California
• Buying Your Long Beach Homes - Long Beach Real Estate
• Buying Fixer Upper Homes in Long Beach - Long Beach Real Estate

 

Downtown Long Beach CA Homes - All Sales Activity

January 1, 2008 through October 10, 2008

RES	Status	Address	Status	Bd	B t/f	Sty	Gar	Sq Ft	Yr Blt	Price	DOM	CDOM
1	A	542 Magnolia Ave	Short Sale	1	1/0	1	0	492	1906	$198,000	342	342
2	A	636 E 7th St	Conventional Sale	3	1/	1	0	1,050	1913	$215,000	248	494
3	A	817 E 10th St	Short Sale	2	1/1	1	1	1,128	1913	$230,000	234	234
4	A	1130 Lewis Ave	Conventional Sale	4	2/1	1	1	1,282	1921	$259,900	45	45
5	A	912 CHESTNUT	Approved Short Sale	2	1/1	1	0	952	1912	$260,000	2	2
6	A	1174 N Loma Vista Dr	Short Sale	3	2/2	1	2	960	1907	$275,000	16	16
7	A	1075 Martin Luther King Jr Ave	Bank Owned	2	1/1	1	0	1,507	1923	$299,900	140	492
8	A	551 W 8th St	Conventional Sale	3	2/	2	0	1,338	1906	$299,999	315	315
9	A	235 W 12th St	Conventional Sale, No Pix, Substandard Cond	5	2/2	2	0	2,701	1905	$314,500	23	23
10	A	755 Alamitos Ave	Short Sale	3	2/2	1	0	1,130	1903	$335,000	66	66
11	A	725 W 4th St	Conventional Sale, Tenant Occ	4	1/1	1	1	1,100	1950	$339,000	57	117
12	A	320 Lime Ave	Conventional Sale	3	2/1	2	2	1,498	2000	$340,000	10	192
13	A	732 N Washington Pl	Conventional Sale	2	1/1	1	2 D	1,064	1905	$364,000	310	310
14	A	625 E E 11th St	Conventional Sale	2	1/1	1	0	788	1909	$425,000	212	212
15	A	901 Elm Ave	Short Sale	4	3/2	2	2 A	2,293	1918	$499,000	263	386
16	A	419 Daisy Ave	Conventional Sale *	4	3/1	2	2 D	2,018	1904	$595,000	68	68
17	A	453 Cedar Ave	Conventional Sale, Tenant Occ.  *	4	3/2	2	0	2,363	1905	$639,000	312	312
18	A	701 Cedar Ave	Conventional Sale, Tenan Occ.	7	3/3	2	0	2,666	1911	$650,000	127	127
19	A	419 Olive Ave	Conventional Sale	4	3/1	2	0	1,871	1914	$699,900	3	3
20	A	1163 Magnolia Ave	Conventional Sale, 2 on lot	6	6/5	2	2 D	4,083	1923	$800,000	149	149
21	A	435 Cedar Ave	Conventional Sale *	6	7/	2	2	4,414	1906	$1,300,000	259	259
22	P	1077 N Loma Vista Dr	Bank Owned	2	2/1	1	0	900	1940	$144,900	8	8
23	P	1085 N Minerva Park	Short Sale	2	1/1	1	1	997	1922	$190,000	123	123
24	P	336 Magnolia Ave	Bank Owned	3	2/2	1	0	1,350	1902	$275,500	53	53
25	P	935 E Martin Luther King Jr Ave	Approved Short Sale	4	4/3	2	2 A	2,092	2005	$350,000	318	341
26	P	347 W 7th St	Bank Owned-Major Repairs	4	3/1	2	0	1,764	1907	$381,800	97	97
27	S	718 Elm Ave	Bank Owned	2	1/1	1	0	986	1917	$118,000	6	114
28	S	712 E Alta Way	Bank Owned	1	1/	1	0	720	1906	$184,000	7	198
29	S	708 E Alta Way	Bank Owned	1	1/1	1	0	688	1914	$189,900	6	6
30	S	226 W 6th St	Bank Owned	2	1/1	1	0	772	1903	$227,000	105	363
31	S	122 W 8th St	Bank Owned	3	3/2	2	2 A	1,338	2000	$330,000	13	13
32	S	774 N Loma Vista Dr	Conventional Sale, Tenant Occ	2	1/	1	0	760	1918	$355,000	5	5
33	S	326 Daisy Ave	Conventional Sale-City Violations	4	5/4	1	2	3,748	1913	$400,000	110	110
			* Eligible for the Mills Act

• A = Active on the Market
• P = Pending in Escrow
• S = Closed Sale - Sold
• DOM = Days on Market
• CDOM = Combined Days on Market

 

 

Downtown Long Beach Real Estate Sales-Market Update

Homes, Condos and Income Properties - 2008 - Through September 29, 2008

 

 

Downtown Long Beach Homes For Sale

• Downtown Long Beach Homes For Sale $500000 and up
• Downtown Long Beach Homes For Sale $300000 to $500000
• Downtown Long Beach Homes For Sale Under $300,000

 

http://www.longbeachrealestatehome.com/00605E

Owners of Long Beach Homes and Long Beach Condos who are occupying their homes are finally being offered an option to save themselves from Short Sale and Foreclosure through Bank of Americas new relief program for Countrywide customers.  Restrictions do apply so be sure to read all of the details in the related links. 

 

Countrywide customers finally get some relief through the Bank of America Nationwide Homeownership Retention Program. 

 

Program will systematically modify troubled mortgages with up to $8.4 billion in interest rate and principal reductions for nearly 400,000 Countrywide Financial Corporation customers nationwide.

 

• Read the press release to learn more about this announcement.
• Learn more about the Homeownership Retention Program with this Fact Sheet Overview.
• Additional information for customers who may need additional Financial Hardship Assistance.

 

Beginning December 1, 2008, Countrywide will proactively contact subprime and Pay Option ARM borrowers whose loans are scheduled for an interest rate change.

 

This program is designed to try to keep homeowners in their homes by way of affordable mortgage payments for borrowers who financed their homes with subprime loans or pay option adjustable rate mortgages serviced by Countrywide and originated prior to December 31, 2007.  Countrywide will forestall the foreclosure process until a decision regarding eligibility is made for qualified recipients. 

Modification options include, among others:

• FHA refinancing under the HOPE for Homeowners Program;
• Interest rate reductions, which may be granted automatically through streamlined processing; and
• Principal reductions on Pay Option adjustable rate mortgages that restore lost equity for certain borrowers.

One of the requirements for eligibility is occupying the home as your primary residence. 

As part of agreements to resolve outstanding claims against Countrywide by certain states, borrowers in participating states will additionally be eligible to access their share of:

 

• A Foreclosure Relief Program of $150 million on a nationwide basis for payment to eligible Countrywide servicing customers who suffered foreclosure or are currently at serious risk of foreclosure having made only minimal payments since the time their mortgages were originated by Countrywide; and
• An additional program, projected to make payments up to $70 million to support customers with loans serviced by Countrywide who face imminent foreclosure, providing financial assistance with their transition from home ownership.

 

As part of the state agreements, Countrywide is further committing to eligible borrowers in participating states that it will waive late fees associated with a borrower's default in finalizing modifications under the program.

If you have a home loan through Countrywide and your home is in jeopardy this is a great opportunity for you to work out a plan to keep your Long Beach homes by re-arranging your mortgage through these new programs.  Please read the entire press release>>>>>>>>

 

 

http://www.longbeachrealestatehome.com/00605C

Long Beach Real Estate Sales-Market Update: October 5, 2008

Through September 30 2008

The Long Beach real estate market closes sales for the month of September with the average purchase price down 16% from year end 2007.  The average sold price of residential real estate in Long Beach for year end 2007 was $543,770, end September finds the average sale price of residential at $454,208 with a small increase in the number of days on market; that is a decrease in average sale price of $89,562, which is substantial. The volume of Long Beach home and condo sales has dropped this month after steady growth throughout the year. 

 

1/1/2008 thru 9/30/2008

• 1745 Residential Long Beach Properties sold; homes, condos, coops, lofts, OYOs
• 2008 Average Long Beach Residential Sale Price $454,208
• 2008 Average Residential Days on Market:  79
  

 

1/1/2007 thru 12/31/2007

• 2614 Residential Long Beach Properties sold; homes, condos, coops, lofts, OYOs
  
• 2007 Average Residential Sale Price $543,770
• 2007 Average Days on Market:  66

 

The government bailout, meant to stimulate the economy and real estate market, seems to have had an opposite effect across most of our nation. Prices are down to a very affordable level, interest rates have remained low, loans are still available and there is plenty of inventory to choose from.  100% financing and most government assisted down payment plans have dried up, stated loans are toast as well, the FHA is offering loans with 3.5% down payment at very reasonable interest rates (if you qualify), which is very reasonable - its really not a bad time to buy.  Ask the wealthy why they are out buying 2nd, 3rd and 4th homes; vacation homes are selling- they are a good investment right now.  They are buying because it is smart to buy low and sell high. 

 

Today I spent time reading on one of my favorite national real estate social networks.  Fellow Atlanta Realtor, Jim Crawford asked the question "Has your market slowed to a crawl or died?"  Realtors from across the nation have steadily been reporting in with the skinny from their real estate markets.  In a nutshell, the impending bailout, the actual bailout and the impending election seem to have buyers frozen in place for the last several weeks.  Fear seems to be ruling the day. 

Waterfront and ocean close homes and condos in Long Beach are experiencing average sale price of about $635,000, 88 DOM, for 2008 thru end of September, with approximately 350 closed sales.  Compared to 2007's average sale price of $665,155, 74 DOM, about 650 closed sales for the year.  While these highly desirable Long Beach homes and condos are selling well above the average for our city, they are down, although prices are holding near the beach a lot better than they are further inland. 

We try to keep our Long Beach neighborhood real estate market reports updated monthly or bi-monthly, as time will allow.  These are a great resource for buyers and sellers of Long Beach properties, and contain valuable statistics to better assist in your real estate decisions.  We know those decisions are important ones and want you to have the most current information at your fingertips.  If the information you require cannot be found here, please do not hesitate to ask. 

• Downtown Long Beach Real Estate Sales-Market Update
• Alamitos Beach Homes Market Update-2008
• Alamitos Beach Condos Market Update-2008
• Bluff Park Historic District Neighborhood Market Report
• Belmont Heights Neighborhood Market Report
• Belmont Shore Real Estate Market Report-2008-Belmont Park-Naples Island-Marina Pacifica
• California Heights Historic District Homes 2008 Market Report
• More Long Beach Real Estate Market Reports>>>>>>>>>>.

 

 

Potential buyers are shopping and are looking for a great deal.  Today's buyer wants to see a lot of properties before making a final decision.  Often the very deal they are seeking will come across early in their search.  Reluctant to write an offer until they assure themselves that they have acquired the very best deal available on the market, they are hesitating too often and losing that deal only to find there isn't another on par with it available.  Many Long Beach buyers give up their home search disillusioned at what their dollar will actually purchase. 

 

Personally I blame the media and the bubble bloggers.  Many buyers have an unrealistic idea of what their money will actually buy.  $300,000 will not buy a home that is worth $500,000, it never did.  What is available in the $300,000 range are mostly bank foreclosures and the homes mostly need work.  It is unrealistic to expect to find a completely remodeled, turnkey home available in that price range foreclosure or otherwise.  Does it happen?  Yes, rarely.  So 100 buyers sitting on the sidelines waiting for that 1 home to come available and when it does they don't want to offer more than the asking price, they are usually working with a 3.5% FHA down payment and in sweeps an investor with all cash who closes the deal in 10 days.  Most of today's buyers are unequipped financially to handle the upgrades and repairs necessary on foreclosed homes, which can be substantial; that is why the bank is selling them in AS IS condition.  Lets keep in mind that $300,00 for homes in Long Beach is really a great price when they are available. 

 

Read Also: 

• Long Beach Homes-Issues for 1st Time Home Buyers
  
• Buying Fixer Upper Homes in Long Beach

 

 

Long Beach Real Estate - Closed Sales

January - September - 2008

2008	Homes	Condos	Lofts*	Co-ops	OYOs	2-4 Units	5+ Units	TOTAL
JAN	72	40	2	1	0	9	6	130
FEB	94	32	2	1	1	17	6	153
MAR	107	48	2	1	0	17	4	179
1/4 ttl	273	120	6	3	1	43	16	462
APR	137	56	1	3	0	21	6	224
MAY	164	59	1	4	0	28	7	269
JUN	160	60	1	2	4	24	8	259
2/4 ttl	461	175	3	9	4	73	21	746
YTD Subttl	734	295	9	12	5	116	37	1208
JUL	183	67	1	0	1	31	8	291
AUG	181	74	0	1	4	26	3	289
SEPT	139	63	0	1	0	22	4	229
3/4 ttl	503	204	1	2	5	79	15	809
YTD Subttl	1237	499	10	14	10	195	52	2017
OCT
NOV
DEC
YTD TOTAL

* Lofts include Loft Live and Work spaces

For a little perspective, here is a comparison of the last 4 years for the same time period.

 

Long Beach Real Estate - Closed Sales

January - September - 2005 - 2008

YEAR	HOMES	CONDOS	LOFTS*	CO-OPS	OYOs	2-4 UNITS	5+ UNITS	TOTAL
2008	1237	499	10	14	10	195	52	2017
2007	1380	714	18	12	17	258	68	2467
2006	1795	924	15	15	56	464	84	3353
2005	2304	1184	9	19	120	664	239	4539

* Lofts include Loft Live and Work spaces

 

Disclaimer: Statistics are as represented in the SoCalMLS and are not the representations of the author. The numbers represented above are only as good as the information input into the SoCalMLS by the listing agents. If (in my opinion, may be the case) some listings of lofts, co-ops and OYOs were input as condos, then they are reflected as condo sales here. Often listing agents will represent these as condos in the MLS in order to stimulate traffic as many buyers agents will not look at the other categories. As crazy as this sounds it is true and sales have occurred as a result of utilizing this tactic. Therefore the information in these categories is very likely not a true representation of the actual sales, but the grand total of these and the condo category would correctly reflect the total of all - as represented by the SoCalMLS.

 

 

Contact Laurie to begin the search for Your Long Beach 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

 

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