Long Beach Real Estate Sales Report: January 2008 to August 2008
There is an interesting trend in the sale of single family homes in the city of Long Beach, California. I decided to track of all of the sales to give you an insight over the last 8 months. At the end of September, I will post an update for the city along with all of the neighborhoods in the city.
| Month | # of Sold Listings | Average Price |
Days on Market | Percentage less of the List Price vs Sold Price |
| August | 188 | 481,217 | 82 | 88.17% |
| July | 177 | 452,124 | 71 | 86.83% |
| June | 156 | 535,887 | 74 | 89.76% |
| May | 163 | 546,496 | 78 | 81.42% |
| April | 136 | 554,509 | 82 | 87.03% |
| March | 110 | 515,138 | 82 | 86.83% |
| February | 93 | 509,326 | 86 | 88.18% |
| January | 71 | 511,249 | 78 | 86.83% |
The take away from this is you need to price your home at or below market value. It appears that most people priced their homes above and had to take a lower amount to get the home sold. These statistics are an average of all single family homes in Long Beach.
So, when you are ready to buy a home, we will provide you with all of the comparable properties in the area for that home or condo in Long Beach. Then, together, we can see what how much less or more other properties sold for so you can make the best offer possible.
IF you are selling, I suggest that you price your home at or a little below market value to generate a real buyer for it.
