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How is the condominium market in Long Beach, California?  Are prices of condos and townhomes in Long Beach up, down or stabilized?  Our “Long Beach Condo Pricing July 2017 Report” shows you the current pricing trends.

 

Why is it Important to Know the Long Beach Condo Trends?

If you are a Long Bech condo buyer, you want to know how flexible condominium sellers are on prices, right?  If so, then this article and video below will get you up to speed.

If you are selling, you want to know how strong the market is.  How quickly will my condo sell and what are the current prices?   I can figure out the value of your Long Beach condo if you fill out this quick form.

 

Long Beach Condo Pricing July 2017 Update

  • Long Beach Condo Pricing July 2017Average selling price of Long Beach condos in July 2017 is $385,843.  That is up 7.10% over 2016 where the price was $360,125.
  • How long does it take to sell a Long Beach condominium?  40 days after it has been listed
  • How many months of supply (inventory) of Long Beach condos are available to the public?  2.0 months.  That is down 25.9% from 2016.  That means that condos are selling quickly, prices are up and there is low inventory.  Lots of demand for Long Beach real estate.
  • The average price per square foot is $404.00 city wide.  When you fall in love with a condominium, I will figure this out for your condominium so you get some insights for an offer price.
  • 1,351 Long Beach condo sales have closed escrow year to date, January 2017 to July 31, 2017.  That is down 7.7% from 2016.  The result of that is lower inventory. Fewer people want to move and sell their condos.
  • Two important statistics to look at next the percentage (%) of the Original Listed Price (starting price of the listing) verse the % of the Last Listed Price.  So, 100% is full price offers being accepted.  The Long Beach condo pricing July 2017 look like this:  condos are selling for 98.8% of the Original Listed Price and 99.4% of the last listed price.

 

Video of Long Beach Condo Prices July 2017 Update  by Jay Valento

Short video by local California Realtor, Jay Valento of Realty ONE Group. Jay explains the current Long Beach condo market and townhome market so you can get some insights into what is happening as of July 2017 numbers.


 

Free Monthly Long Beach Condo Pricing to Your Inbox

  1. Long Beach condos market reports – monthly emailed report of trends sent to you

 

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Client Reviews

Jay was awesome. We will highly recommend Mr. Valento to all of our family and friends. He made this very painful experience very smooth and uncomplicated. What a wonderful man…

Downey, California 90240

Jay helped us with an out of state location and went above and beyond to help us get acquainted with the many neighborhoods available. He was also very helpful in helping us to navigate a home purchase in what was for us a very different market. No pressure, put options on the table and helped to navigate the options. We would definitely recommend Jay to the friends we make here in our new home.

Being currently in Texas, Jay Valento worked well with my daughter to find the right property for us. His vast experience and knowledge in real estate and knowing when to give advice really helped us. He responded in a timely manner and available almost 24/7. I highly recommend Jay Valento and I will use him again.

(buying a home in La Habra Heights)

Thank you Jay for being so ethical.

Purchased a home in Huntington Beach, California.

Our Realtor went through the whole home buying process with us, step-by-step. Before we started anything, Jay sat down with us and asked us at length what WE wanted in a home. It was very helpful.            

Jay did Home Tours instead of open houses, with very thorough follow up with all contacts. He did lots of mailers, neighborhood canvassing and property comparisons for prospective buyers in Downey.”                

Jay showed me so many houses that I felt sorry for him but, he found me a great house. Very patient, professional and nice.”

(bought a home in Lake Elsinore)

We received top-notch service from start to finish and would definitely recommend Jay/Realty ONE Group to friends and family without hesitation. Extremely gracious for all of Jay’s hard work – he definitely went the extra mile/above and beyond and made us feel every bit as important as someone making a much larger purchase.

 (purchased a condo in Long Beach)

Thanks Jay for making this a pleasant experience. He is experienced, calm, friendly and provides good advice to move things forward. I highly recommend Jay Valento. He is the best.

(Client owned a Buena Park condo which I helped him sell)

Jay is a great agent, always attentive to our needs. Responded in a timely manner to all of our requests.

(invested in a downtown condo in Long Beach, California)

“Jay Valento was very efficient at getting the sale of our home executed quickly. He followed the paperwork through, scheduled inspections, and in general was there when we needed him to be. The sale went without a hitch! Thank you Jay Valento!”

Seller, Toni Palmer Alabaster, Al,  (sold their family home in Seal Beach, California)