Citywide Statistics for Real Estate in Long Beach California

View Long Beach condos for sale in the downtown area of Long Beach, California

• Popular condo buildings include: Aqua Buildings, International Tower, The Pacific, The Meridian, 525 Seaside Way, and The Ocean Club,

Belmont Shore real estate for sale

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Downtown Long Beach real estate including condos and houses

90803 Real Estate

90814 Real Estate

Long Beach Home Sales Report – March 2009

In March 2009,

• 182 homes were purchased by families to individuals in Long Beach.
  
• Average price city wide for a single family home was $338,410.
  
• Highest priced home in March that sold was $1,225,000 that was located in the Belmont Park neighborhood just north of Belmont Shore.
• An average of 74 days on market before the seller accepted an offer

Long Beach Real Estate Trends of Single Family Homes for November 2008 in 90802 Downtown Area

There are 22 single family homes on the market in 90802 zip code of Long
Beach, California.  The lowest priced home is $125,000 for a two bedroom, 1
bath home…wow….and the highest priced, pull out your check book, home is
$3,495,000.  What do you get for 3.4 Million?  You get 50 feet of
beach frontage with 180 degree ocean view…wake up in the morning to view
Catalina to the entire coastline of Long Beach.  This three bedroom, four
bathroom home has 3,100 square feet built in 2008.  It is a tri-level home
with upgrades for fit for a king…take a look at this
luxury
Long Beach home.

Accepting Backup Offers or Not, What is the Gig?

When an offer comes in from a buyer, depending on the offer, your listing
agent may suggest that you accept backup offers just in case the current buyer
does not continue with the purchase.  How can you tell?  I think it
depends on the offer that the buyer wrote with his/her agent.  If it
appears weak in terms of not having a large enough deposit or down payment, it
doesn’t hurt the seller to accept backup offers.

Now, those backup offers do not automatically knock out the buyer who the
seller has accepted an offer with…they are just in case type of offers.

Currently, there are 3 home owners of single family homes in 90802 accepting
backup offers.  4 additional properties are in escrow with the status as
pending sale.

So, what sold in the month of November 2008 in 90802 for single family homes? 

Closed Sales in November 2008
# of single family house sales: 4
Avg. Listed Price: $277,875
Avg. Square Feet: 973
Avg. $/Square Foot: $280
Avg. Days of Market: 31

On average, these listings sold for 12.88% less than asking price.

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Condo Market Trends for November 2008 in 90802 Downtown Area

Long Beach Condos for Sale Now
Number of condos: 267
Avg. Listed Price: $456,245
Avg. Square Feet: 1,047
Avg. $/Square Foot: $410

Owners Accepting Backup Offers
# of condos: 18
Avg. Listed Price: $258,794
Avg. Square Feet: 927
Avg. $/Square Foot: $293

Pending Sales – not accepting backup offers
# of condos: 42
Avg. Listed Price: $326,391
Avg. Square Feet: 1,026
Avg. $/Square Foot: $309

Closed Long Beach Condo Sales in November 2008
# of condos: 17
Avg. Listed Price: $365,965
Avg. Square Feet: 1,143
Avg. $/Square Foot: $304
Avg. Days of Market: 82

On average, these listings sold for 13.11% less than asking price.

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Good Morning Long Beach visitors…..

There are 66 condos for sale in the Long Beach zip code of 90804.  Here is what the numbers look like for your review:

• Average listed price is $258,630
• Average square footage 892
• Average price per square foot is $298
• Average days on market….is 84.

There are 5 home owners that are accepting backup offers on their condos…just in case their current buyers change decide not to continue with the purchase.  In addition, there are 8 more properties that are in escrow with the status of pending sale; so we can assume that those owners and their agents have confidence that the buyers are going to continue with their purchases / investment.

October 2008 Long Beach Condo Sales

There are 13 condos that sold in the month of October 2008.  Let’s look at the numbers:

• Average closed sales price was $266,546
• Average square footage…1,069
• Average price per square foot is $251
• Average days on market was 78

On average, these listings sold for 9.92% less than the asking price.

What is your home worth today?  Find out for free through our special Long Beach community home values service.   Explore condos and homes for sale in Long Beach through our new interactive property searching system.  View details, slide shows, street views, community information and more details than any other Long Beach real estate website in southern California.

There are more single family homes for sale in Long Beach’s popular zip code 90803 than there are condos.  This month there are 107 homes for sale compared to 47 condos for sale.  The average price is $1,356,362 at $608 per square foot.  But don’t be discouraged the the average price.

The price range is from a low of $399,000 for a 1 bedroom, 1 bath home on Vista Street with 648 square feet to a 3 bedroom, 5 bathroom, home on Bay Shore Walk with 6800 square feet for a cool…get out your check book $4,490,000.

Backup Offers

There are 5 single family homes in 90803 that are accepting backup offers.  They are all in escrow now.  Your backup offer would sit in the second position just in case the first offer / home buyer decides to cancel their offer or the escrow.

The average price in backup $825,560

Pending Sale Listings

There are 18 homes in 90803 that are in escrow and are not accepting backup offers.  The average price is $1,300,994 at $641 per square foot.

Sold Lisitngs for the Month of October 2008

• 14 homes sold
• Average sales price was $1,334,857
• Average square footage was 2,361
• Average price per square foot was $575
• Average days on market before an accepted offer was 102

On average, these listings sold for 16.25% less than the original asking price

Price your home to sell.  When you discover the market value, price your home a little under the market value to generate offers from buyers quicker.  Otherwise you may be on the market for over 3.5 months depending on the number of competitors in your price range.  Discover the value of your Long Beach California home today.

Good Morning Long Beach California…today’s sales report focuses on condos in the zip code of 90803:

Long Beach Condos for Sale in 90803

There are 47 condos for sale priced between $259,900 for a 1 bedroom, 1 bathroom condo at 2009 Appleton with 737 square feet at $353 per square foot….to a condo at 269 Bay Shore Avenue for $1,495,000 for a 2 bedroom, 2 bathroom place with 2,000 square feet at $748 per square foot.  The average price of all of these 47 condos in the zip code of 90803 is $533,815.  There are some great buys to consider like:

• 7231 Marina Pacifica Drive for $284,900 in this waterfront gated community near 2nd Street and Pacific Coast Highway
• 7333 Marina Pacifica Dirve for $390,000 a two bedroom, two bath condo fixer with 1,289 square feet
• 8111 Marina Pacifica Drive for $397,500 very upgraded unit and in move in condition near the bridge to goes over to the Marina Pacifica Mall
• 5401 The Toledo #201 for $499,000 on Naples Island in the Portofino Building that over looks the bay; this two bedroom, 2 bathroom may be perfect for you

Properties that are in Escrow but area Accepting Backup Offers

There are 4 Long Beach condos in 90803 that are accepting backup offers.  They are priced between $210,000 for a 2 bedroom, 2 bath on 2nd Street and $449,000 for a two bedroom, two bath in Marina Pacifica.

Pending Sales

4 Condos are in escrow priced between $299,000 to $409,000.  They have been on the market for an average of 89 days before accepting an offer.  There final sales price will be released at the close of escrow when the property is considered…SOLD.

Long Beach Real Estate Sales for October 2008 in Zip Code 90803

• There were four sales in the month of October.
• Average condo price was $346,000
• Average square footage was 979
• Average price per square foot was $369
• Average days on market before an offer was accepted was 129

On average, these four listings sold for 20.46% less than the asking price.

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Real Estate in 90802: Focus on Long Beach Condo Activity

There are 257 condos for sale in 90802.  They range in price from $99,900 for a one bedroom, one bathroom with 552 square feet to a 3 bedroom, 3 bathroom condo for, get your check book, $2,449,000.  Of course with the $2 million dollar price tag you get 3,249 square feet…you get awesome ocean views and lots of windows…check it this downtown Long Beach condo.

Backup Offers in 90802
There are 11 condos accepting backup offers priced between $159,900 for a 2 bedroom, 2 bathroom condo that has 1,014 square feet on the low end.  On the high end, there is a 2 bedroom, 2 bath condo with 1,400 square feet on Ocean Blvd that was listed for $889,000.  The closer you are to the beach, the higher the price.

Pending Sales in 90802
There are 30 condos in Long Beach listed as a pending sale right now.  The price range is from $119,000 for a one bedroom, one bath to $997,000 for a three bedroom, three bathroom condo with 1,735 square feet.

Closed Sales in 90802 in the Month of October 2008

• 30 Long Beach condos closed escrow in October.
• The average price was $264,574
• Average square footage: 866
• Average price per square foot: $294
• Average days on market before an accepted offer: 84
• On average, these listings sold for $36,776 less than the asking price or 12.20%.
• The price range of sales was from $85,000 to $759,000.

To find out the value of your condo in 90802 or another area of Long Beach or even in Southern California, simply go to this page on our website:  Long Beach condo values.  We will provide you with an estimate of the value of your property absolutely free as a community service.

• Search for Long Beach condos for sale
• Request a Free copy of this Long Beach Home Sales Report by email
• Contact us

All research was done through the southern California multiple listing service and is deemed reliable but not guarranteed.

In the month of October 2008, the following real estate activity occurred in Long Beach, California in the zip code of 90802.  This zip code is most associated with the downtown area.

There are 18 single family homes on the market as of today priced between $135,000 for a one bedroom, one bath to $2,995,000 for a four bedroom, four bathroom home with 3,200 square feet.  The average price of all of these 18 Long Beach homes in this zip code is $585,556 with average of $319 per square foot and they have been on the market for sale for an average of 111 days.

Backup offers
There are 3 homes that are accepting backup offers just in case the current accepted offer from a buyer does not go through for the home owners.  The average price of these homes is $220,300 at $298 per square foot.  These three homes were on the market 97 days before they received an offer.  One of them sold on the first day it hit the market.  It must have been priced under market value.

Pending Sales

There are 6 in escrow that are not accepting backup offers.  Most likely the home owners and their agents feel confident that the buyers will continue with their purchase.  The average price is $283,242 at $231 per square foot.  These 6 homes were on the market for an average of 47 days before they got an accepted offer.

Sold Listings in 90802 of Long Beach Homes for October
Two homes closed escrow and sold…yikes…the average price was $353,500 at $223 per square foot and were only on the market for sale for 14 days.  These two homes sold for 0.30% less than the listed price or $1,050 less.

To find out the value of your home in 90802 or another area of Long Beach or even in Southern California, simply go to this page on our website:  Southern California home values.  We will provide you with an estimate of the value of your property absolutely free as a community service.

• Search for Long Beach homes for sale
• Request a Free copy of this Long Beach Home Sales Report by email
• Contact us

This report reflects a city wide look at single family homes in Long Beach for the month of September 2008.  In the month of August, there were 188 sales and with an average sales price of $481,217.  Those properties says on the market for 82 days and sold for 88.17% of the list price.

In September there were less sales of single family homes in Long Beach but they sold for $5,000 more in less time and for a little higher price as a percentage of the original list price.

Review the year to date housing figures through our Long Beach Home Sales Report for the city of Long Beach from January to August 2008.