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

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MC Griffin C…, Agent, Hollywood, CA
Mon Sep 6, 2010
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
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Ron Largent, Agent, Anderson, CA
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.
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Paris and Co…, Agent, Santa Clarita, CA
Mon Sep 6, 2010
Yes - and that trend will probably continue throughout the rest of this year... :-(
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