Market Conditions in 90045>Question Details

Inpursuit, Home Buyer in 90045

Are the prices of single family homes in Long Beach still declining?

Asked by Inpursuit, 90045 Mon Sep 6, 2010

Help the community by answering this question:


In Short, yes, prices are declining in Long Beach: Here’s the specifics: Reference:
Average price per square foot for Long Beach CA was $262, a decrease of 16.8% compared to the same period last year. The median sales price for homes in Long Beach CA for Jun 10 to Aug 10 was $310,000 based on 1,172 home sales. Compared to the same period one year ago, the median home sales price increased 5%, or $14,900, and the number of home sales decreased 20.5%.
The average listing price for homes for sale in Long Beach CA was $446,318 for the week ending Sep 01, which represents a decrease of 0.8%, or $3,581, compared to the prior week. Popular neighborhoods in Long Beach include Downtown Long Beach and Belmont Shore, with average listing prices of $325,176 and $1,471,519.
M. C. Campbell, DRE# 01819507
0 votes Thank Flag Link Mon Sep 6, 2010
Most of California still seems to be at a level market. The high rent districts, like Palo Alto and SF City, are still high and a limited supply. Long Beach, in certain areas, may be the same, due to the proximity to the beaches, etc.
0 votes Thank Flag Link Mon Sep 6, 2010
Yes - and that trend will probably continue throughout the rest of this year... :-(
Web Reference:
0 votes Thank Flag Link Mon Sep 6, 2010
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