Long Beach Sales January 2026

Long Beach Market January 2026

Long Beach saw a January 2026 increase of over 12% in median sales price compared to January 2025 for single family houses, and an increase over 9% in average selling price.

 

The condo prices tell a different story: The median sales price is practically the same compared to one year ago, but the average condo price citywide has decreased almost 9% compared to one year ago! And, there are more condos on the market now than single family homes. There are numerous reasons for that, as the insurance market and balcony inspection rules have had an impact on homeowner associations. 

 

Area average sale prices in January 2026 for several

zip codes in Long Beach: 

 

90803 - SFR - $3,225,000

90803 - Condo - $700,000

90806 - SFR - $787,500

90806 - Condo - $515,000

90815 - SFR - $1,238,067

90815 - Condo - $762,500

90808 - SFR - $1,090,100

90808 - Condo - $872,000

90805 - SFR - $721,917

90805 - Condo - $513,246 (for last 12 months)

90807 - SFR - $1,214,250

90807 - Condo - $413,333 

Buyers may be interested to know that there are down payment assistance programs available (please find them on my website below), that there are sellers willing to do rate buydowns to assist buyers get into their home, and VA and FHA loan are still very advantageous for both condo and house purchases. 

Manufactured housing opportunities also exist in Long Beach and surrounding areas, another way to buy a larger single family home for less money.

Please contact me for more information. 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

Long Beach 2025 Sales Price Report for Houses and Condos

Long Beach December Market

The average sales prices in Long Beach for a Single Family Residence in  2025 (as reported in CRMLS), leading to a highest point in June, down to $1,114,859 in December.

• $1,132,231 - January
• $1,058,802 - February
• $1,188,403 - March 
• $1,266,298 - June 
• $1,108,575 - October 
• $1,086,980 - November
• $1,114,859 - December 

 Condos in Long Beach followed a similar trajectory but with July being the highest point. In August, condos reached 5.5 months of inventory, meaning it would take 5.5 months to sell all remaining inventory if no new properties came on the market.  This is what used to be considered a "normal" market, close to 6 months. However, condos are taking long than houses to sell, which is unusual considering they are much more affordable than single family homes. Condo sellers are having to deal with HOA issues such as completing the required balcony inspections and repairs, as well as higher insurance demands on some HOAs (not all).  For example, in December the days active in the MLS for condos was 51, while for houses it was 32 days.

• $551,426 - January
• $512,202 - February
• $575,555 - March 
• $616,510 - July 
• $544,335 - October 
• $539,899 - November
• $538,944 - December 

 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

Long Beach Market Update for November 2025

November data for Long Beach market

Both median and average sales prices for a single family home have increased over 1% in the last 12 months, however the percent of original list price has decreased over the same time period by 1%. 

However, comparing Nov. 2024 to Nov. 2025, the average sales price of a single family home has decreased by about 7%, while the median has increased by 12%, possibly meaning that more sales have taken place in the higher market compared to one year ago.

The inventory of homes in November decreased by 11% compared to one year ago, a story that has been repeated over and over in many markets. 

Condo prices have softened even more:  days on market until sale have lengthened from 41 days to 51 days, the median and average sale prices have noticeably decreased with average sales price decreasing from $621,740 to $546,389 a decrease of 12%!  Condos are impacted significantly by the financial health of the HOA, increasing owner insurance costs, and increasing demands by insurers to update certain features in the common area such as roofing and electrical. In fact, these demands are on all types of residential properties, but HOA associations may feel it more depending on their financial health, i.e., reserves and overall maintenance. This does not mean that all condominiums are not performing well, only that carefully investigating during escrow should be done.

To find properties on the market, just go to my property search page on my website below. 

If you are interested in a home or investment purchase in 2026, please contact me. I'd be happy to put my experience to work for you. 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

What $700,000 Buys in Long Beach CA Right Now

Map of $700,000 and Under in Long Beach

AS of October 31,2025, the map shows all properties in the CRMLS at $700,000 and under in Long Beach. There are 239, almost all are condos or townhomes, but there are also some single family homes. 

One unknown gem in Long Beach for some buyers is the chance to buy a single family manufactured home in a gated community for under $640,000. Ideal for the buyer who would like recreational amenities such as pool and clubhouse, parking, and security. FHA/VA and conventional loans for these! Low HOA dues: Windward Village.

Looking for downtown highrise condo with water or city view? 1 bedrooms start as low as $455,000, with mid-range HOA dues which include many many amenities in the building: BBQ, gym, storage, pool, and more. 

Do you like the El Dorado Park area? There are several condo listings nearby in the $439,000-$599,000 range, at El Dorado Lakes., that include pool, tennis court, clubhouse and more.

Looking for condo with inside laundry? The 2019 Long Beach Garden HOA offers units with monthly dues under $500, and more inside amenities, prices are from $560,000 to $690,000, includes parking, dog walk area, fitness center, and more.

If you enjoy Belmont Heights/Bluff Park, there are numerous condo opportunities under $699,000, a great opportunity to live near the water and Belmont Shore.  And are you wanting to get closer to Cal State Long Beach?  Right now there are several condo opportunities in Park Ocean starting at $295,000 for a studio and up to $499,000 for a 2 bedroom.  And a really nice upper level corner unit in Park Estates for $550,000, you can't beat it.

 To do your own search, please go to my site at https://www.abodes.realestate/mls-property-search. Just contact me if you are thinking of buying, I have 30 years' experience in helping first-time and repeat buyers find their property in Long Beach!  Please let me show you how to find the right loan and possible down payment and grant information depending on where you buy! Take a look at Down Payment Resource. If you have a pet, or emotional support animal, let me try to help answer your questions when it comes to buying in a condo.

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

June Sales Information for Long Beach and Los Angeles County

Long Beach June Market

 This year-to-date, published every month in the third week, shows county/city market information. In this case, the screenshot is narrowed to a few cities which include Long Beach single family housing.

The number of single family houses sold by the end of June in Long Beach came to 505 SFRs, which is 1% more volume than same time last year.  The median price growth increased by 7%, and days on market was 23. Sales over list price was 47%, which is how many homes sold this year sold over list price. 

The top line is the total number for Los Angeles County for the month of June. 

 This dashboard includes all counties in the state, and cities in each county -- it's available if you'd like to request the information.  This is a California Association of Realtors (C.A.R.) publication, and I  can make it available to you on request.

 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

Aerospace Company Making Long Beach its Headquarters

Commercial space station model- Photo: Thomas R Cordova

 

 

Vast is building an 189,000 square foot campus neat the Long Beach Airport, to create and launch the next commercial space station. The company now has a 950 person workforce, starting  from 40 in 2021.

This is an ideal time to search out the area for a new home to be near this latest addition to Long Beach industry and economy.

 If you're in the market, or just want to find out more, it's an ideal time to start laying the foundation. 

 Check out Long Beach zip codes, including 90808, 90815, 90814, 90803, for homes on the market. A quick search is on my website below at the property search, or contact me for more buying information!

  

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

How Are Interest Rates Impacting Long Beach Buyers?

Downtown Long Beach

The Long Beach housing market in early 2025 has been shaped by high mortgage rates and tight supply.

By June 2025, the median Long Beach home price hit $1,075,000 (up ~7.4% year-over-year).  Sales volumes rose modestly (around 240 homes sold in June, up 11.4% from 2024, but homes took longer to sell, the median was 30 days on market, about 12 days longer than last year.  In other words, prices remain elevated despite rising rates. Nationally, 30-year fixed mortgage rates have hovered near 6.9% in mid-2025 after a low of 6.5% in March (investopedia.com). This high-rate environment is a headwind for affordability even as demand persists.

Rising Rates & Monthly Costs

Higher interest rates translate into much larger mortgage payments and carrying costs. For example, at 6.9% interest, a 30-year loan of about $732,000 (20% down on a $915,000 home) has principal-and-interest around $4,800/month. When you add ongoing expenses, the total monthly housing cost exceeds $6,000. Typical breakdowns for a median Long Beach home are approximately:

• Principal & Interest: = $4,800/month (30-year at 6.9%).

• Property Taxes: $950/month. Long Beach’s effective tax rate is 1.25% (plus other indebtedness measures) so a $915,000 home has about $11,400/year in taxes (≈$950/mo).

• Homeowners Insurance: $90–$100/month (average California premium ~$1,148/year (moneygeek.com).

• Utilities: ≈$364/month. Long Beach residents pay roughly $364 per month for basic electricity, water, gas, internet and trash (viprealtyca.com.)

Each of these costs strains a buyer’s budget. 

 Key components: 

    30-year mortgage at 6.9% investopedia.com, | taxes at 1.25% of value | home insurance at $1.15K/year moneygeek.com, and | utilities at $364/mo viprealtyca.com.

First-Time Buyers Face an Uphill Climb

First-time buyers have been hit hardest by the rate surge. National data show their market share fell to just 24% in 2023–24 (from 32% a year earlier) nar.realtor.These buyers typically have lower incomes (median ~$97,000 and smaller down-payments (~9% of price nar.realtor). In Long Beach’s expensive market, high rates and prices squeeze them further. National Association of REALTORS notes that “first-time buyers face high home prices, high mortgage interest rates and limited inventory” making it difficult to enter the market. For example, a first-time buyer using an FHA loan (3.5% down) on a $915,000 home would still borrow $882,000, resulting in principal and interest well above $5,400/month before taxes/insurance.

Unfortunately, the city’s First-Time Homebuyer Assistance Program has closed for now, but see City of Long Beach buyer programs. Programs like these can help cover down payments or closing costs. More information about down payment programs are available at this link for down payment help. Still, buyers must plan for big monthly payments and save aggressively. In practice, many first-timers are waiting longer (the average age is 38 now) and relying on gifts or loans from family (in 2024, 25% used family assistance) nar.realtor.

Repeat Buyers and Cash-Purchases

Current homeowners (repeat buyers) are generally better positioned. Many have built-up equity or savings. In 2024, the median down payment was 18% of home price (vs 9% for first-timers) and a record 26% of buyers paid all cash nar.realtor. This capital advantage lets sellers “trade up” or buy with big down-payments instead of high-rate loans. In practical terms, a Long Beach homeowner selling an older home can put significant cash down on the next purchase, or even skip a mortgage entirely. That means repeat buyers feel the rate pinch far less than first-timers. Nonetheless, rates above 6% still encourage many repeat buyers to negotiate harder – for example, by asking sellers to buy down the rate or reduce price.

Looking Back and What’s Next

Compared to earlier years, Long Beach’s spring 2025 market is relatively stabilized by high rates. In 2022–23, record-low rates (3%–4%) and surging demand sent prices skyrocketing. By mid-2023, rates had already climbed above 6.5%, and sales activity cooled. The 2024–25 data show prices still above pandemic-era levels but slowing: e.g., a 7–8% year over year increase in mid-2025 versus double-digit leaps in 2021–22. National forecasts expect rates to remain “mid-6%” through 2025 realtor.com, so affordability will not improve dramatically soon. As one Realtor.com report puts it, home buying in 2025 should be “friendlier [to buyers] than in past years” due to higher inventory and slower pace realtor.com, but it will still be “costly due to stubbornly high mortgage rates and home prices.” Buyers should expect a more balanced market than the frenzied seller market of 2021–22.

Practical Takeaways for Buyers

• Budget for High Rates. Current 30-year fixed rates are near 6.9% investopedia.com. Lock a rate early if possible.

• Include All Costs. In your monthly budget, add property tax (1.25% of home value, and insurance ($1,150/yr on top of the mortgage. Don’t forget utilities (roughly $364/mo in Long Beach).

• Plan Your Down Payment. First-timers often put down 9%, while typical buyers put down 18% nar.realtor. Larger down-payments (or any cash) reduce monthly payments. 

• Use Assistance Programs. Check local help for first-time buyers. 

• Shop Around. Compare lenders and loan options (e.g. jumbo vs conventional) to get the best rate.

Finally, remember that an experienced local REALTOR can be your greatest ally. A knowledgeable Long Beach agent knows how to navigate bidding wars, negotiate concessions (like rate buy downs), and connect you with loan officers offering competitive rates. In a market burdened by high rates, having the right team – lender, agent and possibly financial advisor – is key to finding the most affordable deal.

Thanks for making your way through this lengthy post. For more explanation, please contact me!

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

The Residential Market Sales in Long Beach for March through Mid-May, 2025

Condo complex LongBeach

More properties are coming on the market now, so checking selling prices might help you decide if you're going to make a move.

Most properties list and sell on the MLS, although a search of the tax records will sometimes find a few more. The below sales are as reflected in a search on CRMLS.

The condo market is almost one-third of the sales in the last 90 days in Long Beach, with 90 condos ranging in price from $210,000 to $2,075,000, with days on market ranging from 0-263.

Condo Sales Mar-May 2025

Single Family in Bixby Village

The single family home market was 318 sales, ranging in price from $360,000 to $4,740,000, with days on market ranging from 0-347.

SFR Sales Mar-May 2025

 

Mission style 4Plex (AI)

Four plex sales came to 21 for the previous 90 days, ranging from $939,000 to $2,579,000, with days on market ranging from 3-394.

Quadruplex Sales Mar-May 2025

 

Duplex in Spanish style (AI)

Duplex sales totalled 26 for the last 90 days and ranged rom $662,500 to $3,550,000, with days on market ranging from 1- 248.

Duplex sales Mar-May 2025

For a quick search of properties, whether it's a house, condo, multiunit or even a rental, go to this easy property search.  It's direct from CRMLS so you will see all the same property information.

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

The Condo Market is Active in Long Beach - Strong Minority of Recent Sales

April Stats for early 2025 SFR/Condo Sales 

 

Usually the buyer's first choice is buying a single family residence (SFR) if the local market, or a nearby market, has a desired property in the buyer's affordability range. And the active listings usually show more houses on the market than condominium style properties. However, the recent MLS sales in Long Beach within the last 90 days (Feb - April 2025) show that out of a total of 482 closings, 195 (including 8 own-your-owns) were condominium style listings, while 287 were single family residences.  This means is about 40% of sales were condos!

In 2024, there were almost the same number of total sales in the same time period at 481, but fewer condo/OYO sales of 170, or about 35%.

The recent average price for a condominium was $555,531, while the average price for a single family home was $1,137,589.  The table at the right is taken from the stats provided by CRMLS,: interestingly, the average days on market for a condo has been longer at 54 days, while for a SFR it was 35 days on market.

Affordability is a factor, yet those who can afford the higher price of a single family home do spend less time on the market.  For both types of properties, loan approval and insurance can be issues. For condominiums in particular, an HOA needs to meet the lender's reserve requirements (enough money in the bank for future maintenance and repairs), owner-occupancy ratios, absence of HOA litigation, and the overall condition of the property. Many buyers are well qualified for FHA loans, but many HOAs have not gone through the required FHA process which will allow such loans. 

For single family homes, depending on the type of loan a borrower is getting, there may be a few lender repair demands such as peeling paint, mold issues, certain repair requirements in order to close escrow. 

In both type of properties, insurance companies are looking at age and condition of roofing.

Please see a prior post about more  specifics on maintenance for insurance requirements https://longbeachrealestate.blogspot.com/2025/03/how-to-obtain-insurance-for-investment.html

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

How to Obtain Insurance for Investment Properties in Long Beach, CA: Requirements & Considerations

Types of Insurance Graph

Investing in real estate in #LongBeach, California, can be a lucrative venture, but securing the right insurance coverage is crucial to protect your property, tenants, and financial interests. In recent years, insurance companies have tightened their requirements, making it more challenging for investors to obtain affordable policies—especially for older properties or those needing upgrades.  The importance of keeping up with market insurance demands cannot be stressed enough--it may make the difference between getting your property sold, or purchasing if you're a buyer.

Whether you're insuring a single-family rental, duplex, triplex, or fourplex, this guide breaks down what you need to know about insurance requirements, property conditions, and upgrades to ensure your investment stays protected.

1. Types of Insurance for Investment Properties

Before diving into insurer requirements, let’s cover the main types of insurance you’ll need as a Long Beach property investor:

• Landlord Insurance (DP3 Policy) – Covers property damage, liability protection, and loss of rental income.

• Hazard Insurance – Protects against fires, storms, and other natural disasters (often required by lenders).

• Flood Insurance – Required in FEMA-designated flood zones, especially in coastal areas of Long Beach.

• Earthquake Insurance – Recommended due to California’s seismic activity; not included in standard policies.

• Umbrella Insurance – Provides additional liability coverage beyond your landlord policy.

Now that you know the basics, let’s look at the current insurance requirements for investment properties.

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2. Property Condition Requirements: What Insurance Companies Expect

Insurance companies assess risk factors before issuing a policy. If your Long Beach rental property doesn’t meet specific safety and structural requirements, you may face higher premiums, limited coverage, or even denial of insurance.

Here are the key factors insurers evaluate:

Aging Properties: How Old Is Too Old?

• Homes over 30 years old often require additional inspections and upgrades before insurers will issue coverage.

• Properties 50+ years old may need full system replacements (roof, plumbing, electrical) to qualify for standard policies.

• Historic homes (like those in Belmont Heights or Bluff Park) may need specialized coverage due to costly restoration expenses.

Roof Condition & Age

• Many insurers require roofs to be less than 20 years old and free of leaks or major damage.

• Wood shake or older tile roofs may be ineligible for coverage without reinforcement or replacement.

Plumbing & Electrical Systems

• Galvanized steel or polybutylene pipes (common in pre-1980s homes) are often rejected due to corrosion risks.

• Knob-and-tube wiring or outdated electrical panels (such as Zinsco or Federal Pacific) are flagged as fire hazards and must be upgraded.

Foundation & Structural Integrity

• Properties with cracks, settling issues, or signs of water intrusion may require inspections before obtaining coverage.

• Homes in liquefaction zones (such as parts of Downtown Long Beach) might need earthquake retrofitting.

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3. Required & Recommended Upgrades to Qualify for Insurance

If you're buying an older rental property, proactively upgrading key systems can make insuring it easier and more affordable. Here’s what to focus on:

✅ Replace the Roof – If it's older than 20 years, consider installing a new composite shingle or Class A fire-rated roof.

✅ Upgrade Plumbing – Swap out old pipes with PEX or copper to prevent leaks and burst risks.

✅ Update Electrical – Install a modern 200-amp panel and replace aluminum or outdated wiring with copper.

✅ Seismic Retrofits – Bolting the foundation and reinforcing cripple walls can help qualify for earthquake insurance discounts.

✅ Fire Safety Measures – Install hardwired smoke detectors, CO detectors, and fire-resistant materials to improve insurability.

✅ Gated or Secured Entry – Reducing liability risks (such as installing security cameras or controlled access gates) can lower premiums.

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4. How to Find the Best Insurance for Your Long Beach Investment Property

Given California’s increasing wildfire, flood, and earthquake risks, many national insurers have pulled out or raised rates significantly. To get the best coverage:

• Work with a Local Insurance Broker – They have access to specialty insurers that still cover Long Beach rentals.

• Bundle Policies – Combining landlord, flood, and umbrella insurance may qualify you for discounts.

• Choose a Higher Deductible – Opting for a $2,500-$5,000 deductible can help lower your monthly premium.

• Ask About Risk Mitigation Discounts – Installing a security system, fire sprinklers, or impact-resistant windows could save you money.

   

Final Thoughts: Protecting Your Investment in Long Beach

Securing comprehensive insurance is essential for any Long Beach current or potential real estate investor. With stricter requirements and rising costs, staying ahead with proactive property upgrades and working with a knowledgeable insurance agent can make all the difference. If you're submitting an offer now on a property, it's essential that you already contact an insurance broker for an initial estimate, even before you submit the offer.

By ensuring your rental meets modern safety standards, you’ll not only secure better insurance rates but also increase property value and attract quality tenants.

Need Help Finding the Right Insurance Policy?

If you're an investor navigating the insurance market, reach out to a local Long Beach real estate or insurance expert for personalized guidance. Protect your investment—before disaster strikes!

 

 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

How to Choose the Right Residential Investment Property in Long Beach

Belmont Heights Spanish Style Duplex

Long Beach, California, is a goldmine for real estate investors seeking rental income and long-term appreciation. With its diverse neighborhoods, strong rental demand, and coastal charm, this vibrant city offers lucrative opportunities—but only if you pick the right property. Whether you're considering a single-family home, a duplex, a triplex, or a fourplex, this guide will help you make a savvy investment decision.

1. Location, Location, Location

Not all Long Beach neighborhoods offer the same return on investment. Some key areas to consider:

• Downtown Long Beach – A hotspot for young professionals, with high rental demand and proximity to restaurants, nightlife, and the Metro Blue Line.

• Belmont Shore & Naples – Higher-end beachside properties with premium rental rates. Great for short-term or high-income tenants.

• Bixby Knolls – A suburban feel with charming historic homes, attracting families and long-term renters.

• Zaferia & Eastside – Up-and-coming areas with more affordable multi-family units and strong appreciation potential.

2. Property Type: House, Condo, or Multi-Family?

Your choice of property type will impact your cash flow, financing options, and management responsibilities.

• Single-Family Homes: Easier to manage and attract long-term tenants, but higher per-unit costs and lower overall cash flow.

• Condos: Lower maintenance but come with HOA fees that can eat into your profits. Best for investors who prefer a hands-off approach.

• Duplexes, Triplexes, and Fourplexes: Multi-family units offer higher rental income, better financing terms (still eligible for residential loans), and reduced vacancy risks. Ideal for house-hacking or scaling your rental portfolio.

3. Cash Flow vs. Appreciation

Are you investing for monthly income or long-term value growth?

• Cash Flow: Look for properties where rental income exceeds mortgage, taxes, insurance, and maintenance costs. Multi-family properties tend to outperform single-family homes in this category.

• Appreciation: Choose areas with rising property values, like Belmont Heights or Bluff Park. Other areas such as Wrigley and North Long Beach also hold opportunity. Long Beach real estate has historically appreciated well, making it a solid long-term investment.

4. Rental Market Trends & Tenant Demand

Before you buy, analyze Long Beach’s rental market:

• The median rent for a one-bedroom apartment is around $2,000/month, while multi-unit properties can generate $4,000+ in combined rent.

• High demand from college students (CSU Long Beach), professionals, and coastal lifestyle seekers keeps occupancy rates strong.

• Rent control laws exist in Long Beach, so factor in annual rent increase limits when calculating returns.

5. Financing & Loan Options

If you're house-hacking (living in one unit while renting the others), you may qualify for:

• FHA Loans (3.5% down for owner-occupied duplexes, triplexes, or fourplexes)

• VA Loans (0% down for qualifying veterans)

• Conventional Loans (Higher down payments but no mortgage insurance)

Investors purchasing purely for rental income typically need 20-25% down and should shop for competitive interest rates.

6. Property Management: DIY or Hire a Pro?

Managing tenants, repairs, and legal compliance can be time-consuming. If you’re not local or prefer a hands-off approach, hiring a Long Beach property management company (typically charging 8-10% of rental income) can be a smart move.

Final Thoughts: Making the Right Choice

Investing in #LongBeach real estate can be incredibly rewarding if you choose wisely. Do your research, run the numbers, and pick a property that aligns with your investment goals. Whether it’s a charming Belmont Heights bungalow, a high-yield duplex near Downtown, or a beachside fourplex, your next great investment is waiting.  To find properties, go to my website link below and click on the property search.

Ready to Invest in Long Beach Real Estate?
If you’re serious about finding the perfect rental property, let’s talk! Reach out to me today for expert insights and property recommendations.

See Also:  My related post about property insurance for investment properties.

 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

Look at These Homes On the Market in East Long Beach

Welcome to #eastLongBeach. The homes shown here are newly remodeled and waiting for buyers to enjoy their many features. If you are ready to buy and looking for a move-in ready experience, you might find what you are looking for here. These homes are in single family neighborhoods which include parks, schools and local area shopping.

The home at the right is offered at $1,449,000, is over 2500 sq.ft, has upstairs and downstairs remodeled bedrooms, new windows, new paint, tankless water heater, finished garage, and central air and heat are just some of the features.  This home includes kitchen appliances in an open remodeled kitchen. There are certain showing conditions in order to see this home, including lender pre-approval, so please contact  me if you are looking for that larger home with 5 bedrooms and  bathrooms per the listing. See more about this home here.

Another lovely home in a residential neighborhood of single family homes, offered at $1,225,000. Are you looking for additional work space? You will find it here in addition to the 3 bedrooms and  two baths in the 1200+ square foot home. There are new appliances, a fireplace, ceiling fans, central AC and heating, remodeled bathrooms, a detached finished garage that has the work from home or studio additional space that also includes a bathroom. 

 

The home also includes all new landscaping, exterior painting, new roof, marble kitchen island, recessed lighting, and a long driveway for plenty of parking.  Click on this link to see more about this home.

Please contact me for showing instructions! 

 

 This four bedroom, two  bath home features over 1500 sq. ft. in east Long Beach.  This newly remodeled contemporary open floor plan features both electric and  gas fireplaces, inside stackable laundry space, central air and heat, and walk-in pantry. A long gated drive allows for more parking and privacy in the back yard. Kitchen appliances, recessed lighting and quartz counters.  Please contact me for how to be represented on this and other properties.  Listed at $1,335,000. Click here for information.

 Listings courtesy of Keller Williams Pacific Estate, K. Reid.

 

Let me put my 30 years of experience to work for you!  Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

Long Beach Real Estate Market, October 2024

Long Beach Sales October 2024

 In October, the average sales price of a single family increased by 1.1% since one year ago, to $1,089,651.

The median SFR price for October was $940,000, an increase of 4.2% from one year ago.

For condos, both the median and average prices also increased, by 1.5% and 1.6% respectively, $559,000 and $619,000 respectively. 

 

The inventory of homes for sale increased also, an encouraging sign for buyers, by 3.1%, but at a total of 270 homes for the entire city, that's not such a very large number compared to other cities in some states. 

Note the small print at the bottom, that the sales price showing does not account for down payment assistance or seller concessions.  Many people may not know this, but seller concessions, i.e., repairs, seller contribution to buyer costs, are noted in the MLS separately when the property closes.  So an appraiser notes these concessions and subtracts that figure for the net amount of the sale price of the property.  And, broker compensation has always been calculated into final sales figures, so knowing that amount is of significance to all parties as well.

In the coming 2025 year, increased inventory, lower interest rates and a strong economy will create a more viable real estate market.  Supply and demand are always the key driving factors, so greater supply helps both buyers and sellers.

If you would like to know your home value, even if you're not sure about selling, but perhaps for insurance purposes, or any other reason, just  contact me or use the property search on my website to review the market in your area.  Go to https://www.abodes.realestate/mls-property-search

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

September Sales Data Graphic for Long Beach California

 

Seller Guide Graphic

September 2024 sales data in Long Beach California shows a climbing 3 year price trend using price per square foot for single family homes, an increasing number of days on the market and more homes selling under list price as over list price. Properties on the market longer than 5 weeks amounted to 65% of the listings. Price per square foot is more commonly used in commercial listings, but here it's an additional way of showing the overall price increase in single family homes.

The average price of a single family home in Long Beach in September was $1,105,665 the condo average was $571,828.

Yes, there are homes lower than $1,000,000, and it's even possible to use FHA financing (3.5% down payment) in the higher brackets. Please contact me if you are interested in finding out more! Or go to my website below to use the property search which has the latest information from the MLS.
 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

Residential Market Prices in Long Beach, August 2024 - Plus Purchasing Power Calculator

 

Residential Market Prices for City of Long Beach

Condo Median:  $526,000 |  Condo Average: $566,963

Single Family House Median: $1,072,500 | SFR Average:  $1,160,406

Downtown Long Beach - 90802

Single Family Median:  $830,000 |  SFR Average: $830,000

Condo Median:  $514,500 |  Condo Average: $575,804

North Long Beach - 90805 

Single Family Median:  $705,000 | SFR Average: $673,875

Condo Median:  $547,400 | Condo Average: $547,400

East Long Beach - 90808

Single Family Median:  $1,116,000 | SFR Average: $1,111,824

Condo Sales:  None

East Long Beach - 90815

Single Family Median:  $1,178,000 | SFR Average: $1,267,962

Condo Median: $547,500   | Condo Average:  $591,000

City of Lakewood

Single Family House Median: $871,000 | SFR Average:  $934,629

Condo Median:  $770,000 |  Condo Average: $770,000

City of Signal Hill

Single Family House Median: $1,050,000 | SFR Average:  $1,050,000

Condo Median:  $625,500 |  Condo Average: $650,833

 

Long Beach Months of Inventory is 2.8 months, an increase from 2.3 months this time last year.

The industry standard for months of inventory is as follows, which shows we are in a seller's market in Long Beach and most other surrounding areas, even though we've seen an increase in listings recently:

Seller’s Market: <= 5.5 months
Balanced Market: >=5.6 and <=6.5 months
Buyer’s Market: >=6.6 months

If I can give you more specific information about your local neighborhood, please contact me.  The above figures are by no means all local information.  

To see how interest rates are impacting purchasing power, both buyers and sellers should find this public interactive tool very helpful:  https://www.car.org/marketdata/interactive/interestrateaffordability

 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996

Summer Concert Schedule Long Beach Municipal Band

Park concert with  LB Municipal Band

The Long Beach Municipal Band will celebrate its115th season in 2024 with free outdoor summer concerts in Long Beach parks.  This summer’s theme “Music to My Ears” will feature the sounds of patriotic music, the movies, pop, jazz and more. Free concerts begin at 6:30 p.m.

Tuesdays: June 25 and July 2 at Whaley Park
Tuesdays: July 9 - 30 at Bixby Annex Park
Wednesdays: June 26 and July 3-31 Los Cerritos Park
Thursdays: June 27, July 11-25, and August 1 at Recreation Park
Fridays: June 28, July 5-26, and August 2 at El Dorado Park West

June 25-June 28 – Night at the Movies - Vocalist - Nicole Kubis 
July 2-5 (No Concert July 4) - Spirit of America Vocalist:  Mark Kopitzke 
July 9-12 - For the Sport of It - Vocalist: L. Young 
July 16-19 - Maestro – Music of Leonard Bernstein - Vocalist: Meloney Collins 
July 23-26 - Constellation of Stars - Vocalists:  The Swing Kittens - Nicole Perreira, Kaley Griffith and Nicole Kubis 
July 30-August 2 - Curtain Call - Vocalist:  Crystal Lewis

 

Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996