Average Selling Prices in Long Beach, Cerritos, Lakewood, and Local Counties, November 2017

It's that time of the year, where housing often slows down for the holidays, but here it's spending less time on the market.

For a single family detached home, the average prices for the cities and counties below range from $357,823  to $1,052,160, the low being San Bernardino County.

Overall the Los Angeles County average price for single family home is $923,612, a small increase from the previous month of $910,161, and still under the high of July 2017.

All these prices are for the month of November, 2017, based on data from CRMLS Infosparks.

Long Beach saw an average price decrease (but up from October), and Orange County is still  down just slightly from the high of May, 2017, while Los Angeles County as a whole is still decreased from the high of $955,973 in July.  San Bernardino County's averages have dipped under earlier highs of $360,000, the highest point in the last 5 years.

Prices are varying according to area, and here's what they look like locally.

November 2017

Long Beach
$667,858 | -0.7%

Lakewood
$570,839 | +2.8%

Cerritos
$776,412 | +9.9%

Los Angeles County
$923,612 | +5.3%

San Bernardino County
$357,823 | +5.3%

Orange County
$1,052,160  | +12.8%

These statistics show a mix of pricing, with Long Beach/Lakewood  with average days on market at 18 days, and Cerritos having less than 24 days on the market on average, less than 2 months inventory, and closing prices continuing within 0.7%-1.5% of original price.  In other words, houses are selling within 2% of original list price, with less time on the market, with a low housing inventory from which to choose.   

Condos

Briefly, Long Beach condo average price is $383,921, down from over $400,000 the month before. The condo average for Los Angeles County is $608,000. Other local city condo prices:  Monterey Park, $425,800; Pasadena, $713,622; Whittier, $353,692.

 It’s a tight market right now!

For an online and automated home valuation, try my site at http://www.juliahuntsman.com/home-evaluation.  It probably works more accurately for single family homes than condos in some areas, depending on what properties lie within about a one-mile radius.  Try it!  And I am always happy to do a more customized report to send out via e-mail.  If you're thinking about making a move, do it! It pays to keep an eye on things.