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Market Conditions in Long Beach : Real Estate Advice

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  • Local Info82
  • Home Buying246
  • Home Selling23
  • Market Conditions19

Activity 34
,  in
Sat Oct 3, 2015
answered:
Yes because there are a lot of college students. But it has to be in the right area. Give me a call if you want more info. I know the area pretty well. There are some tough areas of Long Beach that are not good rental areas.

714-421-1037 (cell)
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0 votes 1 answer Share Flag
Frank Abbade…, Real Estate Pro in Garden Grove, CA
Tue Dec 9, 2014
Frank Abbadessa answered:
$1000 a month. Sold in March 2014
0 votes 1 answer Share Flag
Alex Montelo…, Real Estate Pro in Seal Beach, CA
Wed Jul 30, 2014
Alex Montelongo Real Estate Group answered:
It looks like you are looking to rent a place somewhere near Cal State LB. Is that correct? Feel free to email or call and I'd be glad to point you in the right direction.

All the best,

Alex Montelongo/Broker
Codlwell Banker Star Realty
562-810-7387 Cell
BRE Lic# 01456982
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0 votes 3 answers Share Flag
Anna M Brocco, Real Estate Pro in Williston Park, NY
Tue Jul 29, 2014
Anna M Brocco answered:
Perhaps your question was cut off, perhaps the links below may be of help....
www.greatschools.org
www.schooldigger.com
0 votes 1 answer Share Flag
Shannon Jones, Real Estate Pro in Seal Beach, CA
Tue Apr 8, 2014
Shannon Jones answered:
Long Beach has a number of extremely diverse neighborhoods. Do you want waterfront luxury with a boat slip? We've got it? Urban loft living that's walking distance to cool restaurants and hip night life? We've got that to? How about a quaint historic home in a walk-friendly neighborhood? Yes, Long Beach has that too. A suburban neighborhood that's walking distance to great schools? Absolutely. There are also parks, great eateries, fun festivals, and sooooo much more! And, shhhh... don't tell because it's a secret, but Long Beach is THE most affordable coastal community in Southern California!

If you want help exploring which Long Beach neighborhood is right for you, give our team a call at 562-896-2456. We've been helping Long Beach home buyers and sellers since 1998,.
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0 votes 4 answers Share Flag
Shannon Jones, Real Estate Pro in Seal Beach, CA
Tue Apr 8, 2014
Shannon Jones answered:
Are you interested in average price for that time period? Or what the property was rented for. If you are interested in what the value was for a particular property in 1997, please feel free to call or email and I'd be happy to put that information together for you.

You can reach me at 562-896-2456 or Info@ShowMeHome.com
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0 votes 3 answers Share Flag
Anna M Brocco, Real Estate Pro in Williston Park, NY
Mon Mar 10, 2014
Anna M Brocco answered:
Keep in mind that square footage costs do vary, and don't account for location and other considerations; therefore, it's really in your best interest to also review closed recently sold similar properties in the immediate area, and their final sales price... ... more
0 votes 7 answers Share Flag
Kawain Payne, Real Estate Pro in Seal Beach, CA
Tue Dec 17, 2013
Kawain Payne answered:
Lauren,

Yes,

Long Beach Ca is a very diverse city. It has a state university as well as community colleges. Many college students need rentals. There is also a large population of young professionals not yet ready to buy and in need of a nice rental

Kawain Payne Realtor
714-293-1151
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0 votes 8 answers Share Flag
Jamie Tian, Real Estate Pro in Los Angeles, CA
Wed Nov 13, 2013
Jamie Tian answered:
Hi Dymphna,

Send me your email address to JamieTian@RodeoRE.com and I would be happy to send you a comparative market analysis of the value of your units so you can get an idea of what they can sell for.

I would also be happy to assist you in marketing your property for sale so that you get the highest price.

Best,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
www.JamieTian.com
BRE #01920120
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1 vote 5 answers Share Flag
Johnny James, Real Estate Pro in Palmdale, CA
Mon Jul 1, 2013
Johnny James answered:
Long Beach Real Estate varies by area. Long Beach is a Big City, many areas, many zip codes, many price ranges from mobile homes to mansions.
0 votes 6 answers Share Flag
Angelica Sav…,  in Long Beach, CA
Fri Jun 7, 2013
Angelica Savard answered:
I hate to sound like a broken record, but...it's a seller's market!
It's a very tough market for first-time home-buyers and FHA buyers...they either need to get in early and be aggressive with new listings, or better yet, court older listings that are over a month old and may be willing to consider lower down payments. Good luck, buyers! ... more
0 votes 11 answers Share Flag
Jamie Tian, Real Estate Pro in Los Angeles, CA
Wed Feb 27, 2013
Jamie Tian answered:
Hi Sam,

The HOA is $488.00/month.

Please feel free to contact me at (310) 717-1321 or JamieTian@RodeoRE.com if you have any other questions or concerns. I would be happy to set up an appointment for you to view a property or send you a list of available properties at no cost.

Best Regards,

Jamie Tian
Rodeo Realty
(310) 717-1321
JamieTian@RodeoRE.com
DRE #01920120
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0 votes 2 answers Share Flag
Ian Hand, Real Estate Pro in Long Beach, CA
Tue Feb 26, 2013
Ian Hand answered:
Hi Sam,
As has been said, the HOA dues are $488 per month. I would be pleased to arrange a showing of this unit.
0 votes 3 answers Share Flag
Mike Dunfee, Real Estate Pro in Long Beach, CA
Mon Nov 12, 2012
Mike Dunfee answered:
Brent James,  in Long Beach, CA
Fri May 11, 2012
Brent James answered:
No bull. No Sales Scripts. www.r2mihomes.com
I will show up at your place with a calculator, blank paper, pen and list of homes for us to go view, as that is the competition buyers will be looking at.
Get Facts! Not Scripts!
Strong Agent
Great Results that benefit you the seller
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0 votes 3 answers Share Flag
Johnny James, Real Estate Pro in Palmdale, CA
Sun Apr 15, 2012
Johnny James answered:
The deal is pending funding and recording afterwhich the status will change to sold.
0 votes 7 answers Share Flag
Peter Werren…, Real Estate Pro in Long Beach, CA
Thu Apr 5, 2012
Peter Werrenrath answered:
According to the SOCALMLS, the average Days on Market for Single Family Homes is 126 days (for all sales since 9/1/11) in the Belmont Shore/Naples/Peninsula areas. For condos it's 111 days. As you would expect, in general, the higher priced homes take longer to sell.

I'd be glad to go over more specific statistics if you'd like. Feel free to give me a call at (562) 2089-9818, or email at Peter@TheREALPete.com. Thanks!
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0 votes 2 answers Share Flag
Andi Grant,  in Los Angeles, CA
Fri Jul 22, 2011
Andi Grant answered:
Hi there, I'm sorry there were't any responses to your inquiry. I have just seen this myself.

A "good buy" is truly subjective. If you were thinking in terms of size for the money, nearby cities of Lakewood and Downey offers 2500 sq. ft homes on wide tree-lined streets for the same price. So again it's subjective. But if Long Beach is your desired area of choice in which to live in (it's mine!) and you are looking for a newly constructed home that will be in a:

•Gated community of Long Beach
•Approx. 2,073 to 2,452 Sq. Ft.
•3 to 4 bedrooms
•2.5 to 3.5 bathrooms
•Lofts, great rooms, and family rooms (varies by residence)
•Interior laundry rooms
•Centrally located near Pacific Coast Highway, 405, and 710 freeways
•Mins to the beach, airport, downtown Long Beach nightlife, great Belmont Shore restaurants all the festivals and evetns that Long Beach has to offer...

.... then it's a FANTASTIC buy!

Aubry at Alamitos Ridge are considered detached townhomes and there is a minimal HOA fee to factor into your monthly payment when it comes to qualifying. The really great thing is that for the most part, the newer gated communities built in Long Beach and Signal Hill in the past 2 decades have managed to retain a lot of their value.

Aubry at Alamitos Ridge has a total of 9 phases to their 85 home building plan. I just spoke with Joel one of their "new home consultants" this morning and they are currently in Phase 6. The new homeowners who have purchased phase 6 are looking to occupy by mid November. There are about 2-3 Phase 5 homes still remaining for negotation and the homeowners who bought that phase are expected to move in by this September. So the homes are moving quite fast since the last time I spoke with them before the first wood post was put into the ground.

Here are just a few suggestions I would like to make before going to Aubry:

1) HAVE BUYER REPRESENTATION AND WORK WITH A REALTOR. Buyers often fail to remember that the smiling sales floor people also known as "New Home Consultants" standing in the air-conditioned office (as nice as they are) WORK FOR THE SELLER/BUILDER. So when considering "incentives" or "enticements" to not have any buyer representation by working with a Realtor (who is not also working with the seller), you are placing one of your most important investments into the hands of the party that has a pre-established relationship with the seller. NOTE: If you have already registered with Aubry or any other new home development it can be difficult to obtain Realtor respresentation simply because the seller/builder is not obligated to pay them for their services unless they were with the buyer when registering. Feel free to call me about your options in still obtaining buyer representation with either scenario 310.508.4354.

2) GET A PRE-APPROVAL FROM A LENDER. The new builder/seller will offer many incentives to have you go with their lender. If you already know that you can get a lower rate, lower loan origination fees from another lender, you have something to bargain with. Your primary goal is to get the best rate overall rate. Do not become distracted by what looks like a good deal upfront only to be paying for it over and over again the life of the 15 - 30 year loan.

3) COMPARISON SHOP: What other Long Beach Homes are for Sale in the Aubry Home price range? Below is a website link to the Long Beach Shop by Price page that will give you the homes for sale in Long Beach for the same price range as the Aubry Ridge Homes *click the $500 - $600K range tab. As of today there were even a few that came up in Bixby Knolls, El Dorado Estates and Belmont Heights. Those are GREAT areas and buying a home that needs a little makeup in a high value neighborhood can in the long run be considered a better overall investment. If at all possible when buying a pre-owned home look in an area that has had a pattern of retaining it's home values.

4) GET A HOME INSPECTION. Lennar has a great reputation as a builder, but as little as it's discussed, newly built homes can come with their problems too. I've seen it happen from center kitchen islands that shook when the garbage disposal was turned on to puddles of water pooling with shared plumbing. ALWAYS get a home inspection. The home inspection costs only a few hundred dollars and is worth every red cent! It is the saavy buyers that go into the homebuying process with their eyes wide open!

I hope that helped. If you have any questions about Aubry Ridge or other homes for sale in Long Beach feel free to call or text met any time.

Andi Grant, Realtor®
310-508-4354 http://www.AffordableLongBeach.com
DRE 01728428

Start your Long Beach Home Shopping Here
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.,  in 92705
Wed Jun 8, 2011
. answered:
From my experience, homes sell quickly as long as it was priced well from Day 1. So from what I have seen home owners are not cutting prices across the board in order to sell. Most likely sellers that over-priced a property and didn't review the comparables will need to adjust their price if necessary.

I have 2 clients looking and making offers on condo's and homes in Long Beach. So far we have been out bid on all our offers. Seller's we've dealt with aren't cutting prices nor have I seen buyer's fleeing inland. To us it seems to be just the opposite

Monica Hernandez
Bankers Realty Exclusive, Inc
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0 votes 1 answer Share Flag
Sandy Carroll, Real Estate Pro in Seal Beach, CA
Sun Feb 13, 2011
Sandy Carroll answered:
90815 or 90808 are good zip codes.
1 vote 2 answers Share Flag
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