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What is Selling in Long Beach, California for October 2021?
What are real estate prices in Long Beach, California for homes? Today, you will learn in this blog post and video about the Long Beach, CA Homes Report October 2021.
In this video, I will share with you the average selling prices of Long Beach homes in 2021 verse 2020. You will be able to see the appreciation values of properties year over year.
Who is the Long Beach CA Homes Report October 2021 for?
This information is helpful to first time home buyers, first time home sellers and move up buyers or sellers.
All data is directly from the local real estate multiple listing service and is deemed reliable but not guaranteed. I’d love to say it’s 100% perfect but nothing is perfect. The data does not include private sales.
Summary of Long Beach Real Estate Trends
The average selling prices for October 2021 for single family homes was $941,280. That is up 13.40% over 2020 pricing in October.
From January 2021 to October 2021, 1,893 Long Beach homes sold and closed escrow.
How many days does it take to sell a house in Long Beach in October 2021? It took 18 days. The time is measured from the date it was listed until the day it opens escrow with an accepted offer.
The time frame is down 33.30% from 2020 when it took 27 days to sell a house. In 2019, it took 37 days. Homes are selling quicker because there is a lack of houses for sale actively on the market….and demand is strong.
Look at the next statistics to get more insights.
How many homes are available in terms of months of inventory?
In a normal real estate market, we have three months of inventory for sale. In October 2021, it dropped to 1.3 months of inventory.
What are single family homes selling for?
We know the average price is $941,280. But let’s look a little deeper. What percentage of the listed price are properties selling for? 100% would be full price.
In October, Long Beach houses were selling for 102.90% of the listed price. That means home buyers were paying 2.90% above the listed price.
These are citywide numbers. But keep it in mind when you fall in love with a house. This is not a time to be offering below market or below the listed price time in my opinion.
You are the only one who can decide what to offer on a property. If I’m told that the seller has multiple offers in, then you will need to figure out what to offer.
Take a few minutes and watch the video below.
Video of Long Beach CA Homes Report October 2021
When it comes to real estate, the more you know about the Long Beach CA real estate market the better
When it comes to real estate, there are a lot of factors that go into determining the worth of a home.
If you’re looking to buy or sell in Long Beach and want guidance from someone with experience, let Jay Valento be your guide.
Arrange an in-person meeting to discuss your real estate plans and build a strategy. If you’re interested in buying or selling property, have a friendly meeting about your plans. No pressure or obligation.
Related articles and free stuff for home buyers and home sellers
If you are buying a home, I am giving away a free copy of my, Jay Valento Home Buyer’s Guide that you can get now.
If you are selling your home, I have a home seller’s guide called “Getting Your Home Sold” Guide.
Search for your next home here at Long Beach real estate search.