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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 'selling prices'
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....
Will the Real Home Value Please Speak Up?
December, 2008 median home price: Is it $387,021 for Los Angeles County, or is it $278,000? Well, for one thing, you have to dig a little deeper. Dataquick's $278,000 median price figure is for "Southern California" which includes at least 5 counti...
Just Sold: 183 Santa Ana, Belmont Shore
This updated 2 bedroom/2 bathroom plus den single family home sold in December, 2008.It's a great combination of a 1950's retro interior with the original 1920's exterior typical of a California bungalow, Spanish-style. Tile roof and arched entryway ...
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...
Southern California Cities in Escrow
Here's the general trend of current pending sales of several cities noted through the SoCalMLS record, first taking all residential and commercial properties at all prices, and second looking at condos and houses in escrow and listed over $750,000 (s...
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...
Is April 2008 the Bottom of the U.S. Housing Market?
According to this Opinion article by Cyril Moulle-Berteaux, in the Wall Street Journal, May 6, 2008, it might be--"Home sales peaked in July 2005" (I can buy that. In August 2005, the time on market started stretching out longer and longer. But it wa...
Properties are Selling in Southern California
It's that time of year when the weather is warmer, and traditionally there is more market activity, so what's happening now in local area cities? How many properties are currently in escrow?For residential properties (houses, condos, townhomes, own-t...
Long Beach Market Absorption Rates
The absorption rate is how long the current inventory will remain on the market at the current rate of selling. In all price ranges shown, there are more properties currently in escrow than have closed escrow in the last 30 days. Hopefully that means...
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...
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...
Property Tax Reduction
Don't pay more property taxes than what your current market valuation indicates. If you bought property 2 years ago, or less, then you probably want to keep close track of your local selling prices for properties similar to yours. For information on ...
10 Biggest Buyer Mistakes
If thoughts about buying are holding you back, take a look at my presentation by clicking on the title (you can even leave your comments there if you want), then ask yourself what would it take for you to take that step. Would saving money do the tr...
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...
Sales Activity Comparisons for Long Beach and Cerritos
The number of houses selling over $1,000,000 in the 90803 zip code now equal about half of total sales of single family homes during July and August. While there are those who say that this fact skews the overall median price, it's still a fact that...
CAR: July's California Median Home Price at $586,030
While the sales volume continues to decline, the median price in this state remains strong. July's median price for single family homes (excluding condominiums) is even a little higher than this time last year, according to the California Associatio...
Does Your Avocado Oven Scream "Fixer"?
According to this article it does. But I think it all depends on who you are (and the condition of the oven). If you're a retro person, the 1950's, 1960's, and 1970's may look like fun to you, or you may not care what year it was all made as long as...
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...
