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Long Beach/Southern California Real Estate
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Information and commentary to keep buyers and sellers up on the Southern California and Long Beach area real estate.
Recent Posts Tagged With 'inventory'
Long Beach CA Sales Report for October 2009
For residential 1-4 unit properties in Long Beach (that includes condos, houses, lofts, for October 2009, the median price is down 3% from one year ago: $340,000 down to $329,000 for the city. The number of sold properties reached a high point during...
Long Beach, Cerritos, Lakewood Unsold Inventory Index in Steady Decline
The residential inventory in many areas of Long Beach is steadily declining, as of today in Long Beach, there are 831 single family homes and condos listed as "active" in the MLS (down from about 870 just a few weeks ago), with 775 in escrow.Cerritos...
Fewer Homes to Buy as Sales Increase, Prices Job Upward
Various industry sources have reported that June, 2009 showed the highest California median price this year at $274,740 (statewide median). June sales showed at 20 percent increase over the prior year. The statewide unsold inventory in June was at 4....
Sales Increasing Now, What Will Next Year Bring?
There is a great deal of talk lately about the upward climb in sales, that maybe we're seeing the bottom of the market, and that prices are down from this time last year, but it's the 5th straight month of sales increases, and the best sales record i...
Existing Home Sales Rise for Third Straight Month
It's starting to sound like a broken record but we keep getting more and more positive news about the housing market.The National Association of Realtors reported that sales of previously owned homes increased at a faster-than-expected annual pace. E...
The Long Beach Market Inventory Slips Below 6 Months Supply
For February 2009, out of 11 zip codes in this report for Long Beach, only one zip code area had slightly more than 6 months' supply of inventory--in some areas the inventory for detached housing was as low as 1.6 months supply. This is a definite de...
What's For Sale in Long Beach under $300,000?
In October, 2007, I wrote a post about properties under $300,000. The picture has changed considerably: Then, there were 360 houses, condos, co-ops, and own-your-owns available in Long Beach. And now, there are 737 in the same category under $300,00...
Yep, More News on California's Rise In Sales, and Prices
I hope all buyers are taking note of the following right now, because if this buying trend is true as a lot of recent sales indicates it is, the trickle-up effect will take place for homes in the higher price ranges.From Associated Press today:As for...
Recent Market Activity in Long Beach--It's A "Sold" Time
The constant reporting on the number of foreclosures, i.e., such as this today from Inman News:"California had the highest volume of foreclosure filings, with filings reported on 71,930 properties" is not saying what else is going on.Unfortunately, I...
Top 10 Ways Sellers Can Guarantee Their Home Won't Sell
Paul Pastore’s Top 10 Ways Sellers Can Guarantee Their Home Won’t Sell:"1. Be casual, not serious, about selling. A sage once quipped, “Money is only important when you don’t want something enough.” Actions speak louder than words in this ...
Can You Buy on $100,000 Income? Yes!
"The minimum household income needed to purchase an entry-level home at $504,080 in California in the second quarter of 2007 was $101,550, based on an adjustable interest rate of 6.29 percent and assuming a 10 percent down payment. First-time buyers...
Buyers: There's No Time Like Right Now
Real estate supply and demand goes in cycles, it always has. Sales are down, inventory is up past the 6 month level, but what else is happening? Interest rates are creeping up, and there are no predictions for any decreases by the Federal Reserve on...
