Recent Posts
Long Beach/Southern California Real Estate
Return To Blog Listing
Information and commentary to keep buyers and sellers up on the Southern California and Long Beach area real estate.
Recent Posts Tagged With 'market reports'
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 Residential Inventory Decreased by 50%
The September graph, shows for a one-year period, the number of for sale residential properties throughout the City of Long Beach (single family houses, condos and lofts). In September 2008, there were 2,265 properties on the market; in September 2...
Your Southern California Housing Trends Report
A new report -- click on the banner for your 1 Minute Housing Market, video report, metropolitan area quarterly and monthly prices, information on local Southern California prices by city, daily update reports, national housing trends, statistics an...
How Many Condos are Listed in Long Beach Under $250,000?
About 4 years ago, someone left a comment/question on one of my blog posts asking where in Long Beach a condo could be found for $250,000. I don't know where that person is now, perhaps they have already taken the plunge into homeownership, but if no...
What's For Sale in Long Beach under $300,000?
This is a popular price range for many 1st time buyers, the group of people who are among the most active and largest group of buyers looking on the market now.In 2007 in Long Beach, there were less than 350 residential condos, own-your-owns, coops, ...
California Market is Speeding Up
California Association of Realtors report for March, 2009, shows a 63% increase in sales and an increase in statewide median price of 2.2% over February, 2009. The unsold inventory index fell to 5 months overall, compared with 12 months one year ago....
Long Beach Selling Trends for March 2009
Has your idea of a new home taken root? You might find this interesting: The overall picture for Long Beach from February 7-March 3, 2009, is that the inventory for residential properties continues under 6 months, meaning that it would take that amou...
Sales Trend is Getting Stronger in Long Beach Area
If you saw the post from earlier in the month, you read about the strong decline inventory in Long Beach for February 2009 to 6 months and under, especially compared to the same time last year (data courtesy of RealDataStrategies and the SoCalMLS). ...
Prices are Down and Sales are Up in Southern California
"While sales from September 2007 through last summer were at the lowest inat least two-decades, they've been up off the bottom ever since."That's this month's news from Dataquick: in December '08, sales were up over 32% from one year before. An indic...
Where Are the Buying Opportunities for You?
Just a few points about the 2008-2009 California housing market overall:Key findings from C.A.R.’s “2008-2009 State of the Housing Market” report include:Approximately one in five home sales was due to foreclosure, short sale, or default.Consis...
Market Forecast for 2009 by CAR
It's time for the annual California Association of Realtors' market forecast which always consists of many more Powerpoint slides than what is shown here.For the buyers and sellers of the next year, it's time to think, if not act. The trends already ...
Those "Down Home" Prices
The saying goes "All real estate is local", but nevertheless we have some national news:The National Association of Realtors has revised its 2008 median home sales price prediction to a downward fall of 8.3 percent, as opposed to an earlier 2008 pred...
Summer Sales Active in the Long Beach Areas
This 5-bedroom and 3500 sq. ft. Long Beach estate home in Belmont Heights (with guest quarters) closed escrow in August and sold for $1,950,000 after being on the market for 18 days before going into escrow.What happened with other residential prope...
Decline is in Sales Volume, Then Prices
Follow the pink line to the end of the first quarter--March 31, 2008--to see the continuing trend of sales volume falling at a much steeper curve than sales prices for Long Beach. Tighter loan guidelines and less available funds for loans keep fiina...
East Long Beach Still Sells
Zip code 90815 (excluding Park Estates and Bixby Hill areas) closed 37 transactions since January 1 to today's date in prices ranged from $355,000 to $715,000 for a single family home (data from the Southern California MLS)--one property reflected as...
Open House in Belmont Heights
This 1920's Tudor style home is typical of the era's interest in bungalow-style houses with a variety in architectural styles. Come to the open house at 243 Mira Mar Ave., on Saturday, March 22 from noon-4 pm. Its roominess is surprising considering ...
Recent California Sales and Prices
The red bars in the chart at the right show the drop in California median sales price of single family houses since last summer. Is this all due to the foreclosures and delinquencies, as is heard so much of in the general media?Since 1974, the averag...
Sales Trends and New Loan Limits in Southern California
The selling prices are on a downward slope, but so is the amount of inventory since last June. In the entire SoCalMLS area which now covers areas from Los Angeles down to San Diego (there is a push for a statewide MLS which may be happening by the en...
"Let's Get a Little Perspective" - 2007 Was NOT a Bad Year
On Thursday mornings I usually attend a broker preview meeting for local agents--it's information sharing about listings, buyer needs, and an opportunity to network. Here's information sharing that came out of last week's meeting:2007 is tracking to ...
Long Beach Neighborhood Price Roundup for End of 2007
Happy New Year to All--here is my first post for 2008, a round up of some local prices for houses and condos in several Long Beach neighborhoods in the last quarter of 2007, for which I shamelessly ask for a sign-in. Unlike the recession of the mid-1...
December 2008 Snapshot of Southern California Housing Inventory
County-wide figures for Los Angeles, Riverside and Orange Counties show longer days on market and list prices overall. Average or median prices may not apply to your specific neighborhood--for a property search by your zip code to see current asking ...
CAR's Annual Expo and Tradeshow
You've probably read in the news headlines by now that the median price in California is projected to fall by about 4% overall in 2008, a figure presented by Leslie Appleton-Young in her Wednesday 2008 forecast (112 slides linked).Having heard presen...
Market Activity in East Long Beach 90815 for September 2007
According to residential resale transactions recorded at the Los Angeles County Recorder's office for August, there were 306 transactions in zip codes 90802 through 90815--a decrease of 18% in sales for the same period in 2006 for the same area which...
Mid-Year California Forecast in a Nutshell
A lot of people are searching for clues for market direction. The broad picture continues: Sales are fewer, selling prices remain fairly strong. Areas and counties vary somewhat depending on their local economy. For more information from this mid-yea...
Read It All Here: Gary Watts' Mid-Year 2007 Report--Foreclosures, The Media, The Subprime Market and Where It's Going
"I am holding to my original forecast for this year. I knew the 1st and maybe the 2nd quarter would be a rough one. I think the Fed will cut the interest rates later this year, and home prices will begin to firm up and even appreciate in the fall, es...
May Sales in the Long Beach Area and Statewide
The May 2007 median price for a single family home in zip code 90803 which borders the ocean and inland water areas, according to Dataquick, was $915,000, a 4.5% drop compared to May 2006. The neighborhoods in the inland and adjacent 90814, however,...
April California Median Home Price Still Up
The trend continues: The California median home price is up by another 6.2% over April, 2006,, to $597,640--the sales volume is down over 27% compared to the same time last year. With more time on the market, buyers can spend a little more time looki...
