As you look at the current Long Beach market statistics, you need to determine what the trends are so you make good investment decisions. Is it a buyer’s market where prices are low and inventory is high or is it a seller’s market where there is higher prices and lower inventory?
The more you know about a city’s real estate market the better. All of our data comes directly from the California Regional Multiple Listing Service (mls) and updates monthly. Big real estate portals like Zillow and Trulia don’t have access to this data so our data is more accurate. Accuracy is key when it comes to Southern California real estate.
Should I Trust Zillow or My Local Real Estate Pro?
One of our clients was thinking about buying a home that was listed for $500,000 and said “Zillow says it is worth $700,000”. I said it was not true and provided real data to show them the TRUE market value. Appraisers look at real data and don’t use online market sites to determine a market value for the banks. They want the current market value of a home to loan against the value.