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| CSULB Pyramid |
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| Long Beach April Volume |
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| Lakewood April Volume |
The charts represent total sales volume in millions of dollars for single family homes in April in the last 3 years.
The 2022 volume in both cities is higher than at present, the pandemic had certain market impacts, in particular very low interest rates which sparked highly competitive market bidding throughout most markets.
The rise in interest rates since 2022 has impacted inventory, however in Long Beach it has improved over last year's low dip. Average days on market in April was 21 days in Long Beach, but April saw only 105 closed sales, compared to 185 in April of 2022. In Long Beach the average number of showings before there is an accepted contract has increased to 8 showings, compared to less than 6 in 2022 (when many listings had showings with a line outside the home allowing for a maximum of 15 minutes for each buyer).
The Long Beach average single family home price for April is $1,113,599.
Long Beach condo sales volume is up from last year at over $86 million, but still much less than the $112+ million in April of 2022.
Lakewood condo volume in 2023 and 2024 is far less than the April 2022 volume, currently at $1,230,000; average days on market is at 21 days, much higher count than the last 2 years.
Lakewood single family homes are on the market for 20 days, compared to 8 in 2022, but the average number of showings to get a contract has decreased to 4, much lower than the last two years--so buyers are acting quickly.
Lakewood single family home average selling price is currently $873,184.
For a breakdown of selling prices in your neighborhood, city or zip code, please contact me for a market report showing price, bedrooms, bathrooms, square footage and address in a given time period.
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996
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