In the month of October 2008, the following real estate activity occurred in Long Beach, California in the zip code of 90802. This zip code is most associated with the downtown area.
There are 18 single family homes on the market as of today priced between $135,000 for a one bedroom, one bath to $2,995,000 for a four bedroom, four bathroom home with 3,200 square feet. The average price of all of these 18 Long Beach homes in this zip code is $585,556 with average of $319 per square foot and they have been on the market for sale for an average of 111 days.
Backup offers
There are 3 homes that are accepting backup offers just in case the current accepted offer from a buyer does not go through for the home owners. The average price of these homes is $220,300 at $298 per square foot. These three homes were on the market 97 days before they received an offer. One of them sold on the first day it hit the market. It must have been priced under market value.
Pending Sales
There are 6 in escrow that are not accepting backup offers. Most likely the home owners and their agents feel confident that the buyers will continue with their purchase. The average price is $283,242 at $231 per square foot. These 6 homes were on the market for an average of 47 days before they got an accepted offer.
Sold Listings in 90802 of Long Beach Homes for October
Two homes closed escrow and sold…yikes…the average price was $353,500 at $223 per square foot and were only on the market for sale for 14 days. These two homes sold for 0.30% less than the listed price or $1,050 less.
To find out the value of your home in 90802 or another area of Long Beach or even in Southern California, simply go to this page on our website: Southern California home values. We will provide you with an estimate of the value of your property absolutely free as a community service.
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