And, you are creating wealth from the purchase of your home.
I wanted to share with you the current housing market trends in the city of Long Beach, California.
Long Beach Housing Prices Statistics
The average selling price of a single family home Long Beach is Up 9.50% in 2021 verse February 2020.
The current selling price average is $835,122.
It is taking 22 day after a home is listed for sale and properly marketed to buyers for a Long Beach home to receive an offer and open escrow.
Long Beach homes are selling for 102.00% of the listed price!!! That’s 2% over the listed price.
Be pre-approved for financing and realize you may have to pay over the listed price in a bidding war for what is currently for sale.
Video of Long Beach Housing Prices for February 2021
Where is Your Sales Data Coming from?
I get this question from buyers all the time. They say, “Jay, I went to Zillow and the house is worth X”. I say, I don’t go to Zillow. And they say “where do you go?”. Um, the multiple listing service (MLS) where I have a Realtor Subscription / Membership for the past 28 years.
It is how Realtors generate house values for their buyer and seller clients…and appraisers for Banks determine home values to lend money on.
If you are interested, you can read my blog post on why we don’t go to Zillow for home prices.