I live in Belmont Shore here in Long Beach, California. This neighborhood has a combination of single family homes and apartment buildings throughout the area. Today, I want to focus on the Belmont Shore real estate market for February 2019.
It seems like everyone has an opinion about home prices. One of my clients is waiting for the prices to go down. He thinks everyone is dropping their prices. Some people do when they start to high in pricing their homes.
I look at the market prices everyday for Belmont Shore, Long Beach and surrounding cities. Let’s look at the numbers and see if we can spot a trend in home pricing for the popular Belmont Shore neighborhood.
What do the Belmont Shore Home Sales Numbers for February 2019
The average selling price of single family homes in February 2019 is $1,152,500. That is up 37.30% from 2018. Prices in 2018 were at $839,333 for a house in Long Beach.
Let’s see how long does it take to sell home in Long Beach in 2019. The numbers show that it takes 90 days to sell a home from the time it was listed until it goes under contract with an accepted offer. In 2018, it took only 43 days.
So, the inventory of single family homes in the Belmont Shore area of Long Beach should be higher if it is taking longer to sell a house. In February 2019, we have 2.60 months of supply which is 8.30% higher than February 2018.
How Flexible are Belmont Shore Prices?
In 2019, homeowners are selling their homes for 95.30% of the listed price. The more competition, the more flexible the prices are going to be in most markets.
Video of Belmont Shore Real Estate Market 2019 Statistics
If you want to know what is happening in the Long Beach real estate market February 2019, then watch this short video. As a local Long Beach Realtor®, I will share with you the overall view of the housing prices so you can gather some wisdom to make good investment decisions. Subscribe to my Youtube Channel for Southern California real estate.