For instance, 420 Monrovia Ave., in Alamitos Heights area of Long Beach, was listed at $2,299,000, on 6/18, then increased in price to $2,499,000, then sold on 7/26/2021 at $2,400,000. It went into escrow the same day it became active in the MLS.
3817 Albury was listed at $549,900, and closed at $605,000, after 2 days on the market.
Similar stories of a sold price of $50,000 increase over list price are not unusual.
The median Long Beach sale price for July was $705,000, where median list price was $705,000 and the median sale price was $738, 750. The Long Beach average list price was $696,293, average close price was $714,770 with an average of 13 days on the market.
Yes, there are some properties that have been on the market for quite a while, still waiting for a buyer. The longest is 346 days for a multimillion asking price in the Naples area, but another one listed for $799,000 has been waiting for a buyer for 114 days as of July 30th. Park Estate, Belmont Heights, Carson Park, all have a few listings that are waiting for a buyer, so not absolutely everything is selling in less than a week, although buyers should be prepared for moving quickly on most properties.
There were 113 condos that sold in the same time frame, with the majority selling over list price also. But the median price is $436,500, median sell price is $445,500, days on market 12.
If you are thinking of selling, or would like to evaluate your possible sell price at this time, please contact me via phone or email. I look forward to hearing from you!
Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996
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