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| Ma and Pa Grocery - Belmont Heights Favorite |
The Long Beach average sales price for a single family home has been jumping around since the beginning of the year:
January - $1,132,231
February - $1,058,802
March - $1,188, 403
April - $1,070,180
May - $1,069,937
June, $1,266,298
July - $1,089,619
August - $1,160,302
Looking for a lower price? the neighborhoods in 90810, Westside and Upper Westside, averaged $760,200 in August; 90804, Rose Park and Zaferia areas, was $750,400; 90806 in the Wrigley area was $700,555;
The overall August inventory level is up to 3 months now, and selling price to original list price ranges from 98%-100.3%. Active listings have increased since January (269) to 327 in August. An easier time for buyers because there's more inventory, however, considering the higher number of listings in August, there were 128 closed sales, the January market was even slower with 91 closed sales.
While there are still misconceptions among some buyers about how much down payment is needed to buyer, just remember that FHA loans and VA loans are out there and can be very helpful when you don't have 20% down. Try the down payment resource search to assist you -- feel free to contact me with questions about this guide. And for prices in other local markets, take a look at the Market Reports while you're on my website, link below.
Julia Huntsman, REALTOR, Broker | http://www.abodes.realestate | 562-896-2609 | California Lic. #01188996
