Long Beach End of Year Housing Stats

Willmore, Long Beach

Best wishes for a Happy New Year!

In spite of the lowest inventory ever (at end of November Long Beach was at .8 months, meaning inventory had about 3 weeks of life at that point), 2021 saw more sales in houses and condos in Long Beach than 2020 did, as of December 31, 2021.

2020 = 2,073 SFR sold; 1,027 condos sold. (CRMLS sales)

2021 =2,281 SFR sold; 1,320 condos sold. (CRMLS sales) 

 (These figures do not account for the off-MLS sales, many of which have been later flipped for sale on the MLS, or have sold as "pocket listings" (a practice addressed under the Clear Cooperation Policy of National Association of Realtors), however, the vast majority of residential sales are recorded in one of the nation's approximately 500 MLS systems of which REALTORS are members.)  

Right now, condominiums represent a strong buying opportunity for first time buyers--in Long Beach active condo listings have a median price of $482,444, and an average list price at $679,259; single family homes in Long Beach have a median price of $929,990 and an average list price at $1,358,262.

For more information about 2021 buyers and sellers, see NAR's annual report summary.

Where did sellers move to in 2021?  Top destination states were Florida and Billings, Montana, while California fell into the outflow category, except for the City of Beverly Hills, which was the fourth highest city in the country ranked for inflow of residents (and the only city in California), according to the migration report at MoveBuddha.

For more information about current market listings, whether you're a buyer looking for a property to buy, or you would like to know more about market selling prices in your area, please contact me or visit my website at www.juliahuntsman.com for the ability to search for all listings on the MLS--updated daily.

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