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| Beautiful corner lot home |
But not all properties are selling within a few days of coming onto the market. However, many of the home sitting on market are in the higher price range, over $1,000,000.
The record holder on the active market in Long Beach right now is a single family in the 90803 zip code listed at $3,149,000, on market for 350 days as of July 11th--it doesn't appear to have been in escrow according to MLS data.
The next highest time on market is a house listed at $829,000 in the 90804 zip code, on market for 336 days as of July 11th. It was reduced from $929,000, and doesn't reflect that it's ever been in escrow.
The next property is back in the 90803 zip close to the water listed at $3,749,000, on market for 243 days, also never in escrow per the MLS data.
Another home in North Long Beach, completely redone on the interior is listed at $795,000, on market for 148 days.
Then Bixby Highlands has a listing $1,099,000, on market for 127 days, never in escrow.
And so it goes through a list of 124 active properties, with the lowest house starting at $469,000, the highest list price being $6,999,000.
In Long Beach, in this group of 124 all active SFRs in the city, the average list price is $1,522,138 with an average of 41 days on the market. There are 64 listings under $1,000,000, roughly half of the total group.
Currently, there are 109 SFRs in escrow , with average of $1,162,566 and an average 35 days on market.
So in spite of the overall inventory shortage, there's more active listings than are getting into escrow.
If you would like help buying or selling, please contact me for local area information of your property, and local listings on the market. I've had 28 years of experience helping both buyers and sellers.
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996
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