The real estate business seems to build and build every year in Long Beach and in September is when it all breaks loose... We are in this weird market... there are many great deals out there if you have the know how to make them nice again. Many of these homes are just right down scary. Yet that being said we are seeing some regular sales happening as well.
Below are figures for the month of August.
| City | New | Avg LP | Avg LP | Sold | Avg SP |
|
| Avg DOM |
| long | 441 | $449,30 | $377,382 | 268 | $424,326 |
|
| 79 |
| Sigh | 14 | $818,050 | $303,266 | 5 | $477,636 |
|
| 73 |
| | 455 | $633,715 | $340,324 | 273 | $450,981 |
|
| 76 |
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.
As you can see things are selling and the average price is low... there is a reason. Right now most of the homes selling are in the price range the average person can afford. This is good....
Is it time for you to buy? Keep smiling Jeff
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