Housing Prices
Long Beach Real Estate Statistics
August 20, 2009 by Jay Valento · Leave a Comment
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
Belmont Heights real estate for sale
Downtown Long Beach real estate including condos and houses
Dow Jones Stock Exchanges Plunges Over 700 Points
September 29, 2008 by Jay Valento · 1 Comment
The Dow Jones Stock Exchnage is based on a weighted average value of the top 30 companies publicly traded on the stock market. Investors in the stock market reacted to the news that our elected officials did not pass the $700 Billion Dollar bailout that would have eased the skid of the real estate industry.
Most home buyers of Long Beach homes and Southern California homes need to focus on the future verse getting worried about this temporary event on the stock market and our economy. If you are committed to purchasing or selling a home, you need to stay focused on your plan. Whether the stock market goes up or down, life goes on.
Back in the 1990’s, we had a recession. Prices on housing fell…while the stock market took went up. Then, after the recession was over, housing prices rose again.
My suggestion is to have your focus on this “expect great things to happen in your life today.” Always look for something good to happen each day. What can you learn, see and do today that you never knew about?
Belmont Shores Real Estate Market Report: Single Family Homes
August 12, 2008 by Jay Valento · Leave a Comment
Belmont Shores Real Estate Real Estate Report 2008
Long Beach, California is made up of over 35 different neighborhoods. Today’s market update is on the famous Belmont Shores. The area is located just south of 2nd Street and bordered by Bay Shore, Livingston and Ocean Blvd.
- Here are all of the real estate listings in Long Beach that are currently for sale in Belmont Shores this neighborhood:
Active Listings for Sale
| Status | Address | Price | Bed | Bath | Sqft | $/Sqft | Built | MLS# | Date | DOM |
| Active | 162 La Verne Avenue | $725,000 | 2 | 1 | 984 | $736.79 | 1926 | P649195 | 27-Jul-08 | 13 |
| Active | 150 La Verne Avenue | $839,000 | 3 | 2 | 1,434 | $585.08 | 1926 | P650939 | 8-Aug-08 | 2 |
| Active | 164 Pomona Avenue | $929,000 | 3 | 2 | 1,450 | $640.69 | 1926 | P648027 | 22-Jul-08 | 20 |
| Active | 166 Corona Avenue | $980,000 | 3 | 3 | 2,200 | $445.45 | 1949 | Y804637 | 1-Jul-08 | 40 |
| Active | 25 Belmont Avenue | $995,000 | 4 | 3 | 2,100 | $473.81 | 2008 | P646642 | 12-Jul-08 | 30 |
| Active | 155 Nieto Avenue | $995,000 | 3 | 3 | 2,200 | $452.27 | 1926 | P645344 | 3-Jul-08 | 39 |
| Active | 69 La Verne Avenue | $1,075,000 | 3 | 2 | 1,923 | $559.02 | 1930 | P640470 | 4-Jun-08 | 68 |
| Active | 162 Prospect Avenue | $1,295,000 | 4 | 3 | 2,153 | $601.49 | 1924 | R801999 | 18-Feb-08 | 170 |
| Active | 108 Saint Joseph Avenue | $1,399,000 | 3 | 3 | 2,542 | $550.35 | 1928 | P650393 | 5-Aug-08 | 6 |
| Active | 169 Argonne Avenue | $1,550,000 | 3 | 3 | 2,743 | $565.07 | 2003 | P622012 | 11-Feb-08 | 182 |
| Active | 109 Park Avenue | $2,785,000 | 4 | 4 | 3,900 | $714.10 | 1925 | P594673 | 23-Jul-07 | 363 |
| Active | 5121 Ocean Boulevard | $5,500,000 | 4 | 5 | 4,912 | $1119.71 | 2008 | P628379 | 20-Mar-08 | 144 |
| Average | $1,588,917 | 3.3 | 2.83 | 2,378 | $620 | 1948 | 90 |
- DOM – days on market
- $/SqFt – Price per square foot
Back Up Offers: these two properties are in escrow and are taking backup offers in case the current offer falls out of escrow.
| Status | Address | Price | Bed | Bath | Sqft | $/Sqft | Built | MLS# | Date | DOM |
| Backup Offer | 163 Roycroft Avenue | $939,900 | 4 | 2 | 2,200 | $427.23 | 1928 | S539589 | 10-Jul-08 | 20 |
| Backup Offer | 181 La Verne Avenue | $1,500,000 | 4 | 4 | 2,300 | $652.17 | 2007 | Y802909 | 18-Apr-08 | 36 |
| Average | $1,219,950 | 4.0 | 3.00 | 2,250 | $540 | 1968 | 28 |
Pending: the owner and their agent feel confident that the accepted offer will go through.
| Status | Address | Price | Bed | Bath | Sqft | $/Sqft | Built | MLS# | Date | DOM |
| Pending | 79 Argonne | $569,900 | 2 | 1 | 760 | $749.87 | 1950 | P646441 | 11-Jul-08 | 5 |
| Pending | 20 Corona Ave | $1,025,000 | 3 | 3 | 1,929 | $531.36 | 1928 | L26141 | 20-Apr-08 | 85 |
| Average | $797,450 | 2.5 | 2.00 | 1,345 | $640 | 1939 |
Sold Properties in Belmont Shores Homes up to August 11th, 2008:
| Status | Address | Price | Bed | Bath | Sqft | $/Sqft | Built | MLS# | Date | DOM |
| Sold | 77 Prospect Avenue | $625,000 | 2 | 1 | 900 | $694.44 | 1924 | S531300 | 29-Jul-08 | 51 |
| Sold | 172 Park Avenue | $635,000 | 2 | 2 | 1,298 | $489.21 | 1941 | P635223 | 3-Jul-08 | 19 |
| Sold | 180 Santa Ana Avenue | $679,000 | 2 | 1 | 1,304 | $520.71 | 1930 | P614803 | 13-Mar-08 | 47 |
| Sold | 82 Saint Joseph Avenue | $680,000 | 2 | 1 | 1,022 | $665.36 | 1931 | P616016 | 29-May-08 | 70 |
| Sold | 178 Corona Avenue | $680,000 | 2 | 1 | 828 | $821.26 | 1924 | P599196 | 18-Apr-08 | 182 |
| Sold | 142 Corona Avenue | $699,000 | 2 | 1 | 1,103 | $633.73 | 1928 | P640010 | 11-Jul-08 | 10 |
| Sold | 158 Claremont Avenue | $707,000 | 2 | 2 | 1,194 | $592.13 | 1925 | P597984 | 1-Aug-08 | 139 |
| Sold | 134 Corona Avenue | $725,000 | 2 | 1 | 1,139 | $636.52 | 1927 | P640703 | 29-Jul-08 | 20 |
| Sold | 169 Glendora Avenue | $749,900 | 2 | 1 | 862 | $869.95 | 1924 | P599233 | 18-Jan-08 | 99 |
| Sold | 178 Claremont Avenue | $805,000 | 2 | 1 | 1,071 | $751.63 | 1928 | P613980 | 31-Mar-08 | 84 |
| Sold | 57 Saint Joseph Avenue | $845,000 | 3 | 2 | 1,389 | $608.35 | 1927 | S524958 | 24-May-08 | 41 |
| Sold | 104 Quincy Avenue | $894,999 | 3 | 4 | 2,000 | $447.50 | 1928 | P625662 | 19-Jun-08 | 49 |
| Sold | 141 Covina Avenue | $1,065,000 | 3 | 3 | 1,996 | $533.57 | 1940 | S525114 | 5-Jun-08 | 82 |
| Sold | 106 Granada Avenue | $1,080,000 | 3 | 3 | 2,266 | $476.61 | 2004 | P611224 | 2-Apr-08 | 100 |
| Sold | 109 Covina Avenue | $1,135,000 | 3 | 2 | 1,848 | $614.18 | 1924 | P625291 | 20-May-08 | 48 |
| Sold | 5125 Ocean Boulevard | $1,150,000 | 5 | 5 | 2,810 | $409.25 | 1927 | P629446 | 14-May-08 | 7 |
| Sold | 156 Granada Avenue | $1,280,000 | 4 | 3 | 2,938 | $435.67 | 1930 | P625373 | 24-Jun-08 | 98 |
| Sold | 151 Argonne Avenue | $1,350,000 | 3 | 3 | 2,385 | $566.04 | 1928 | P618322 | 19-Mar-08 | 15 |
| Average | $876,939 | 2.6 | 2.06 | 1,575 | $598 | 1933 | 65 |
Source: Southern California multiple listing service. All of the above information is deemed reliable but not guaranteed. © 2008, The Red Wagon Team, all rights reserved on the research we have done above.
Discover the value of your Long Beach home or condo, visit Long Beach home values. Our exclusive True Market Value Report is designed to give you a more accurate evaluation of your home, condo or luxury property’s value in today’s real estate market place.
Long Beach Home Pricing and the Appraiser
July 27, 2008 by Jay Valento · Leave a Comment
What If You Price Your Home and the Appraisal Comes in Lower?
Imagine having your Long Beach home on the market for $700,000 in the best condition possible. You are patiently waiting for an offer…a few buyers come and go…then you get an offer for $650,000. You are a little disappointed so you counter the buyer back and settle at $680,000… Inside you are probably doing a little dance of joy and if asked could do cartwheels on the front lawn.
The Bank Appraiser Cometh
Then, the buyer’s bank sends out an appraisal and the home An evaluation is going to take into consideration the subject property’s square footage….usually 100 square feet less and 100 square feet more in the same type of neighborhood.
So, you property has 2,000 square feet. That means that the square footage range would be between 1900 to 2100. The appraisal will then search all of the most recent sales within the last six months in your neighborhood and similar areas. Their goal is to find three of the most comparable SOLD properties.
The appraiser informs the bank that based on the most recentcomparables is valued at $650,000.
What do you do now?
Well, you have a couple of options:
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Get stressed out
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Order your own appraisal
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Get a copy of the appraisal and ask the appraiser about the comparable properties that he used
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Lower the price to the appraised value
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Decide to lease the home out instead
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Stay in the home
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2008: The Election and Long Beach Housing Prices
March 7, 2008 by Jay Valento · Leave a Comment
So what is going to happen with the election in November 2008? No, not who is going to win. But how will who wins effect the housing prices? Will they go up or down? Since interests rates are low, will that create more buyers to jump off the fence and into buying a Long Beach home or condo? What do you think will be the effect of the US Election of 2008?
Market Update for Long Beach Real Estate
October 6, 2005 by Jay Valento · Leave a Comment
As of today, there are 558 Single Family Homes for Sale in Long Beach, California. The average price for a 3 bedroom, 2 bathroom homes with 1500 square feet is $659,000 and they have been on the market for an average of 33 days. To search for Long Beach homes for sale, click here
There are 282 condos for sale in Long Beach. The lowest priced studio condo is $176,000 and the highest priced condos is $2,350,000 with a Penthouse ocean view….
View homes in Long Beach real estate market
Household Income to Purchase a Home
June 4, 2005 by Jay Valento · Leave a Comment
The minimum household income needed to purchase a median-priced home at $509,230 in California in April was $120,290, based on an average effective mortgage interest rate of 5.92 percent and assuming a 20 percent downpayment.
