Everyone always wants to know.... What is happening in the housing market in Long Beach. Long Beach is very fortunate because it is a coastal city and people love the climate. But like most other parts of the country sales are down. Ok, as a real estate professional this is not always the best of news, but the fact is homes are selling. Everyone wants a deal these days... I mean after-all we hear about them in the news everyday. But a deal too good to be true is normally that. Homes that are well priced are selling at record pace.
Last week I wrote three offers for clients. Each home was new on the market. Each sold in three days... I (we) were not the lucky ones. Selling price was close if not more than asking. The reason is the inexpensive homes are many times trashed... unless you are paying cash, there is no way to get a loan. Many people do not want these type of homes, so when something comes on nice.. it is snatched up right away.
I thought it would be fun to share the latest housing sales information with you today, this comes directly from the SoCalMLS which I belong to.
City | New | Avg LP | Under Contract | Sold | Avg SP | Avg DOM | |||
long | 424 | $492,246 | 178 | 182 | $455,675 | 71 | |||
Sigh | 13 | $435,917 | 5 | 5 | $471,040 | 102 | |||
437 | $464,081 | 183 | 187 | $463,357 | 86 |
The columns for New, Under Contract, and Sold represent the number of listings that went into those statuses during the month. These are updated on the 1st and 15th of each month for the preceding month.
Currently there are over 1600 active listings on the market. Is there a home out there for you somewhere? Till next time... Jeff
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