3/15/2011

Long Beach Sales Are Still Moving Forward

There's a lot of talk about how flat the market is right now, but it's important to keep in mind that real estate is local.


6 months sales in Long Beach
 The 6 month sales volume chart for single family houses in Long Beach (since October 1, 2010) shows about 206 sales citywide for February, which is higher than previous months.
And looking at the entire zip code for 90803 for the last 2 years (Jan. 2008 to Feb. 2011), sales have peaked at 18,19 and 20 in each of the highest 3 months in that cycle. January of each year shows typically the lowest number of sales, ranging from 4 to 7.

(Four years ago shows June 2007 with a peak of 31 sales in 90803 (Belmont Heights, Belmont Shore, Naples, Bluff Park), the highest of the entire 4 year period in one month.)

3 year sales volume 90803
 The average days on market in 90803 in the last 6 months has ranged between 72 to 143; the average sale price in the last 6 months has ranged from $688,000 to $1,113,000.

For a market snapshot of the MLS information for your area, just contact me about current average prices, times to sell and other information to help you know your market.

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