It’s been a crazy year in the Long Beach housing prices August 2021 with skyrocketing and inventory plummeting. We’re forecasting that Southern California next year will be more of the same, but we’ll get into that later.
For now, let’s talk about what you need to know about Long Beach Housing Prices August 2021.
Long Beach Housing Prices August 2021 Comparison Flow Chart
|Long Beach Homes||Last 30 days||Last 6 months||Last 12 months|
|Average List Price Sold||$933,149||$940,758||921,463|
|Average Price per Square Foot||$639.00||$599.00||$581.00|
|Average Sales Price to List Price Ratio||103.00%||104%||103%|
[callout]The Sales Price to List Ratio is how much over or under Long Beach homes are selling for. In facts above, houses are selling for 103% of the listed price which is 3% over the listed price.[/callout]
How To Use Long Beach Housing Prices August 2021 To Your Advantage
I like to look at the average pricing city wide and then break it down by zip code and neighborhood. This method gives me, as a real estate agent, insights into the trends of an area. Which I pass unto my clients.
When you fall in love with a house, I will use the real estate multiple listing service and recent sales in the past 3 months and 6 months to establish home values. I don’t look at Redfin, Realtor.com or Zillow to figure out market values and neither do appraisers that work for a bank.
You need to look at the real numbers otherwise your idea of value can be way off from some of these online estimator companies.
Long Beach Sold Properties on an interactive map