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How to Get the Most out of Long Beach Housing Prices December 2019

You are here: Home / Real Estate Statistics / How to Get the Most out of Long Beach Housing Prices December 2019

Long Beach Housing Prices in December 2019.  Every month, people ask me how is the Long Beach real estate market.  So to save them and you some time trying to figure it out.   I decided to write an in-depth article on trends Long Beach housing prices in December 2019.

Long Beach Real Estate News Jay Valento

What was the Hottest Long Beach Property Type in 2019?

Let’s look at all three property types in Long Beach: houses, condos and townhomes to see who was the winner.  I created this chart so you quickly look at the numbers:

StatisticsHousesCondosTownhomes
Average Selling Prices$737,501$425,188$631,921
How Many Days Does it Take to Sell a Property?373928
How Many Months of Inventory are Available?2.302.702.00
Average Price Per Square Foot$487$466$415
Total Sales2,07596279
List to Sale Ratio99.50%99.50%100%
2019 Prices Up, Stable or DownUP 1.40%UP 1.10%UP 9.20%

 

Quick Long Beach Housing Prices December 2019 Summary

  • Average selling price – an average of all Long Beach homes, condos or townhomes that sold from January 1st to December 31st, 2019.  You can see from our final row that house prices were up 1.4% overall.  Long Beach condos were up 1.1% and townhomes were up the most at 9.2% in price.
  • How long does it take to sell a Long Beach home?  This helps you as a buyer to seller to see if properties are selling quickly under 30 days or less.  Inventory and pricing may be an issue.  Long Beach homes are taking 37 days to sell, condos are taking 39 and townhomes are taking 28. 

Long Beach Townhomes Prices Soar in 2019 Up 9.20%

Long Beach townhomes in 2018, were selling for $578,747.  In 2019, the price shot up to $631,921.  The reason for this is that there is a shortage of townhouses for sale overall.

We can see this in the row called “Total Sales”.  There were only 79 sales of Long Beach townhomes verse 962 condos that sold.  When inventory is down in a particular property type and demand is high, prices go up.

 

Video Review of Long Beach Real Estate Statistics 2019

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Jay Valento
Jay Valento is a top real estate professional at Fathom Realty Group.He has 28 years of real estate experience helping home buyers, home sellers and investors make good decisions about real estate.His team takes a consulting approach to Long Beach real estate focusing on listening to you, our clients, advising & providing you with advice. He has a Bachelor's Degree in Marketing and applies it to marketing real estate online and offline to generate buyers and sellers.Learn more about Jay Valento...call him at 562-413-7655 or toll-free at 800-300-6126.Connect with him on Facebook or Linkedin with Jay Valento.One of the areas we cover is Long Beach homes.
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