Today is a market report of the Long Beach housing prices August 2019. Let’s review home prices of August 2018 to August 2019 so you can spot trends and get a better sense of the Long Beach real estate market.
Long Beach Housing Prices August 2019 Numbers by Bedrooms of Single Family Homes
I wanted to break down the pricing a little overall to give you a deeper insight to the Long Beach real estate market. Of course, pricing changes based on location, square footage and recent sales. This is an overall view.
[columns]
[col]
Bedrooms
2 bedroom homes
3 bedroom homes
4 bedroom or more homes
[/col]
[col]
Average Selling Prices
$555,006
$708,770
$962,350
[/col][/columns]
Quick Summary of the Overall Long Beach Housing Prices August 2019
-
The average selling price of a Long Beach home was $728,731 that is up 1.3% over 2018 when the price was 719,519. -
Homes are selling within 37 days after being listed for sale and that is up 15.60% from 2018 when it took 32 days.
-
Long Beach homes are selling for 99.50% of the listed price which is down 0.4% from 2018.
Video by Jay Valento of Long Beach Real Estate Pricing August 2019
This is an overall housing snapshot of the Long Beach real estate marketplace. It is a short video to give you some additional insights into housing trends in August 2019.
How Many Long Beach Homes Have Sold Year to Date?
From January 2019 to August 2019, 1,379 single-family homes have sold. That is down 0.40% from August 2018.
What is the Best Month to Sell a House in Long Beach?
Our hottest season is between April and September right before school starts. Families tend to move the most during the summer months. So, if you are thinking about selling your home in Long Beach.
Here is a historical chart of the best months to sell a house in Long Beach from 2019 to 2016 below. To find out the current market value of your home, fill out this home value form on my real estate website.
[table id=133 /]
Will Housing Prices Go Down in 2020 in Long Beach?
It really depends on the US Economy and how high the interest rates go. When I started real estate in 1993, interest rates were at 14%. And people were still buying homes and condos. Interest rates are down and prices have gone in Long Beach in 2019.
If you are thinking about buying a home and need a loan, please get pre-approved fully loan approved before viewing homes in person. The sellers prefer that you are serious about buying. They take the time to keep their home in “show ready” condition.
If you are investing in a home with cash, awesome. I need to show the seller and their listing agent proof. Just a simple letter from your banker or financial adviser on their letter head stating that they have reviewed your financial position and can answer questions to verify your funds.
Research: All numbers are research from the California Regional Multiple Listing Service and property records. We do not use Zillow for a market value analysis. They are just an advertising and marketing company. I like the true market values verse a zestimate.
