6/18/2007

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, experienced an increase of 10.1% (median price of $765,000) compared to May 2006. Areas including Carson Park (90808) experienced the highest number of sales with a median price for a single family at $560,000, a decrease in price of 6.7% from last year.

Dataquick's report for the 6 counties in Southern California single family median price was up 4.9% compared to last year, and the same as March and April, 2007. The California Association of Realtors in its midyear report forecasts a statewide increase in the median price of a single family home to $566,500 (1.8% increase) for 2007, even though overall sales volume will fall by 14%. Currently, Los Angeles County tax data figures published by Realist are showing $565,000 median price for April of 2007, an increase from $532,000 from April 2006.

If you would like a report on recent sales in your neighborhood, please contact me by phone or e-mail, or go to www.juliahuntsman.com and complete a seller's request form or my Guestbook form and I will respond quickly.

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