Average Selling Prices for August, 2019 in Long Beach,Lakewood, Cerritos, Huntington Beach and Three Counties

Alamitos Bay, Long Beach

All these prices are for the month of August, 2019, based on data from CRMLS Infosparks:

Average prices for single family homes in Orange County were showing a slow downward trend since early 2018 but shot upward in May of this year, while Los Angeles County is still trending up from $919,000 in December 2018, and San Bernardino County's average remains solid.
The average days on market for the four cities is about the same as in June.  However, in the very high end markets in Long Beach, properties over $1 million are now generally on the market longer than those under $1 million.  In comparison, prices for the 236 actively listed Long Beach houses under $1 million are currently at 49 average days on market at an average list price of $657,000.  More buyer opportunity in this range!

Luxury Market:

There are currently 87 active single family homes (as of 9/24) listed over $1,000,000 in Long Beach, the average days on market is currently 87; the average days on market for all single family sales over $1,000,000 in the last 6 months was 60 days for 149 properties. There are currently 34 properties in escrow, average of 99 days on market.  If you have a listing over $1,000,000, it might be taking a little longer to sell.
In comparison, in 2018, 241 single family homes sold over $1,000,000 in an average of 63 days.

Average single family home prices vary according to area, and here's what they look like locally:

August, 2019

Long Beach
$743,017 (down 1.2% from July)  Avg Days on Market : 36

Lakewood
$628,684 (up 3.1% from July)       Avg Days on Market : 22

Cerritos
$728,655                                        Avg Days on Market : 42

Huntington Beach
$1,014,446 (18 month high)          Avg Days on Market : 40

Los Angeles County
$966,765 (still down from a high in May, 2018)

San Bernardino County
$377,714

Orange County
$1,087,04

The above prices are for single family homes, please contact me for condo market prices!

Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996