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Market Conditions in 90808 : Real Estate Advice

  • All21
  • Local Info4
  • Home Buying5
  • Home Selling1
  • Market Conditions0

Activity 24
Mon Jul 1, 2013
Julia King answered:
Brings to mind my conversation with my dear hairdresser once who works in Newport Beach...when I found out he lived in Long Beach (Landmark GORGEOUS house) I asked him if he ever got a bad rap for living here (after all, you do hear stories from time to time)...he was shocked and replied "Oh! Only from un-educated people" made me smile! Long Beach is GREAT...something for everyone...and that is a TRUE story! ... more
0 votes 6 answers Share Flag
Fri Jun 7, 2013
Susan Van Wig answered:
Definitely a seller's market right now. Very low inventory and we're seeing bidding wars.
0 votes 11 answers Share Flag
Wed Feb 27, 2013
Susan Bo'ur answered:
The HOD is $488.00 a month.
Susan@SusanBour.com
0 votes 2 answers Share Flag
Tue Feb 26, 2013
Mike Domino answered:
The monthly HOA fee $488. Are you interested in this condo?
0 votes 3 answers Share Flag
Mon Nov 12, 2012
Peter Solomon answered:
It appears the address is in the wrong city, it's actually a liting from them in Carson, not Long Beach. Any questions feel free to contact me. That picture of the home is at 1887 E Cyrene Avennue
Carson, CA 90746. Agent is Team Whitney at 310.519.7323.

Thank-You.

Peter Solomon / Realtor
T.N.G. Real Estate Consultants
562-354-6059-Office
562-310-1644-Cell
License-01375529
www.soldbypeter.com
... more
0 votes 3 answers Share Flag
Fri May 11, 2012
Paul Armstrong answered:
Hello, I would love to possibily help you with the sale of your home. I specialize in helping homeowners. Please call me at 562-225-6602. You can also see lots of recommendations on my website: www.SaveWithPaul.com Thank you, Paul Armstrong ... more
0 votes 3 answers Share Flag
Sun Apr 15, 2012
Endre Barath answered:
Maria, Pending means the Buyer and Seller agreed to the Price and all the other terms and now they are either done with their due dilligence and waiting for funding... generally an indication that you missed out on this property. ... more
0 votes 7 answers Share Flag
Thu Apr 5, 2012
Gina King answered:
Wow! I can quote a statistic from CAR or PWR or something, but in reality (We live in The Shore), it can be 4 days if it is riced right and 4 months if it's not! The inventory right now is unbelievably low, maybe 5 - 7 properties, so realistically (if priced well, and Marketed properly) it could happen FAST =)

Start off here http://KeepingItRE.com .. It's a great show with TONS of info, and call us anytime you need help =)

Best of Luck (and why would anyone want to leave this lil piece of Paradise?!!!)
... more
0 votes 2 answers Share Flag
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
... more
0 votes 2 answers Share Flag
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
... more
0 votes 1 answer Share Flag
Fri Nov 19, 2010
Barbara Robbins-Olexa answered:
The condo market has been hit hard from a sales standpoint and prices are very affordable. Same goes for our 1-4 unit buildings. If they are priced right as anything they will sell. If you are talking about renting apartments in the Shore, we have not had a problem renting in that area, our office is there and we get lots of walk-ins for rent.

Hopefully this answer your question, but if you are looking for answers to something else, please feel free to contact me. I have worked the Belmont Shore area from selling individual units to investment properties & residential homes for 30 years. We have a property manager who handles rentals for our clients too.

Regards,
Barbara Robbins-Olexa, Broker,e-Pro(R), SRES(R)
DRE Lic#797560
L B Brokerage
189 Quincy Ave.
Long Beach, CA 90803
714-296-7270
bstrealtor@aol.com
www.barbararobbinsolexa.com
... more
0 votes 2 answers Share Flag
Tue Jun 15, 2010
Peter Solomon answered:
I think we have basically been at the bottom of the market, although I think the bottom will last thru this year at least. Investing in a property partly should be based on is it something perfect for you to live in and will this condo maybe be a good long term investment, and is it something that could be a rental later on? It's hard to predict what will happen 5 to 7 years from now. If it were not for the fact that the current administration in the white house is causing great financial uncertainty which will always affect the housing market. I think 5 to 7 years is an ideal time frame, it will be interesting to see if the market makes a come back soon. Congratulations on becoming a homeowner. ... more
0 votes 7 answers Share Flag
Mon Jan 3, 2011
Ramin Lavi answered:
This is a fantastic question and many of my clients ask the same thing. You have to begin walking into the agent's offices to get these notepads. Don't forget the pens.
0 votes 9 answers Share Flag
Thu May 20, 2010
Tristan Celayeta answered:
Mary Lou,

Go to http://www.socalmls.com/ and search ALL listings using zipcodes 90802, there are 103 right now.

Go to http://zillow.com, select the local info tab, enter long beach because, for some reason, 90802 doesn't return properly. This is just informative and not worth much.

If that doesn't get you there RSVP.
... more
0 votes 5 answers Share Flag
Tue Mar 24, 2009
Dallas Texas answered:
No if he is current on all of his payments.

GREAT QUESTION

Lynn911
~ National Featured Realtor and Consultant, Lecturer regarding Credit Repair, Mortgage Loan Officer
0 votes 4 answers Share Flag
Sun Jun 14, 2009
Michael Barron answered:
Hi there Alexandra. No one knows for sure. Nobody has a crystal ball. All I can tell you is the facts.
1. The affordability index has jumped 18 points in one year to 44%
2. At the end of the second quarter of 2006 homes were overvalued by 35%, today in So cal the are undervalued by 5.2%
3. If the interest rates do go up to what many experts predict 7% , this will outweigh most of any possible drop.

The homes prices will either go up, stabilize or go down. But either way a good question to ask yourself is how long do you plan on living there. This will make a big difference.

Hope this Helps
Michael Barron
Realtor/MBA
First Team Real Estate
michael-barron@sbcglobal.net
(714) 552-6817
... more
0 votes 8 answers Share Flag
Sun Jul 13, 2008
Debra Enos answered:
Hello Scott:
You are asking a very broad question. Please define what you are asking for, 2 bedrooms - how many baths - on the beach, by the beach, walking distance to the beach? Do you require washer/dryer hookups? How many parking space do you require? Etc, etc, etc. Also, what are you budgeting for a payment? Or, you can send me information regarding your financial status and I can let you know what you would qualify for.

To answer your question: I just ran an MLS report for 2bedroom/2 bathroom "condos" in the 90802 zip code and came up with 138 condos ranging from $172,000 to $2,699,999. The HOA's can range from upward to $100 to over $800 per month.

Email me at: MyRealtor@DebraEnos.com and I will contact you so I can better answer your question.

I look forward to hearing from you.

Debra Enos
www.DebraEnos.com
... more
0 votes 4 answers Share Flag
Wed Jun 25, 2008
Kaylin Glazer answered:
you can...but what are you looking for? you can find a studio or a small one bedroom for around that price, but probably not in the best of neighborhoods. I know there are some options downtown (say between 3rd and 7th close to Atlantic) for about that... ... more
0 votes 4 answers Share Flag
Wed Apr 16, 2008
Maggie, your REALTOR® answered:
Hello Lucas,

I live, work and believe wholeheartedly in Long Beach! Where else in Southern California can you buy a 2 bedroom 2 bath condo for UNDER $200k? If a renter is paying $1,000/month in rent they can now afford to buy in Long Beach. We have several lenders who are still offering 100% financing with excellent credit for first time homebuyers...I extend to you an invitation to visit Long Beach and I'll show you the very best of our wonderful city and why I'm proud to live, work and have a great life here! check out my Long Beach website...ourlongbeach.com too! ... more
0 votes 17 answers Share Flag
Sun Feb 10, 2008
Maggie, your REALTOR® answered:
You should contact Al Silverston of LBC Management. He has rentals by the week fully furnished on Ocean Blvd in Long Beach. al@reallongbeach.com or 562-331-4063.
0 votes 2 answers Share Flag
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