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| Looking for Remodel ideas? |
Average prices for single family homes in Orange County are still showing a slow downward trend since May, 2019, while Los Angeles County is still up from earlier in 2019, and San Bernardino County's average is continuing to the highest average in the last 5 years! This is a buying opportunity for many right now.
The average days on market for the four cities is between about 20 and 50 days. 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 68 active single family homes (as of 12/3) listed over $1,000,000 in Long Beach, the average days on market is currently 91. There are currently 36 properties in escrow, average of 104 days on market. If you have a listing over $1,000,000, it might be taking a little longer to sell than earlier in the year, but also not unusual for this time of year.
November, 2019
Long Beach
$734,340 (down from October) Avg Days on Market :18 (down from Oct.)
$734,340 (down from October) Avg Days on Market :18 (down from Oct.)
Lakewood
$606,335 (down from October) Avg Days on Market : 22 (down from Oct.)
$606,335 (down from October) Avg Days on Market : 22 (down from Oct.)
Cerritos
$811,173 (up from October) Avg Days on Market :39 (up from Oct, down from July)
$811,173 (up from October) Avg Days on Market :39 (up from Oct, down from July)
Huntington Beach
$1,143,086 (down from 18 month high) Avg Days on Market : 50 (highest since Feb. 2019)
$1,143,086 (down from 18 month high) Avg Days on Market : 50 (highest since Feb. 2019)
Los Angeles County
$955,098 (down from July and October) Avg Days on Market : 37
$955,098 (down from July and October) Avg Days on Market : 37
San Bernardino County
$383, 071 (September was highest avg of last 5 years at $392,195) Avg DOM : 27 (down from Feb.)
Orange County$383, 071 (September was highest avg of last 5 years at $392,195) Avg DOM : 27 (down from Feb.)
$1,040,012 (down from May) Avg Days on Market : 29 (up from May)
The above prices are for single family homes, please contact me for condo market prices!
The graphic above may give ideas on remodel projects if you're thinking of selling.
Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996
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