Since October, we have noticed that it is taking longer for Long Beach homes to generate an offer from a buyer. The inventory of homes has increased in some cities creating a buyers market and stabilizing prices.
Is this the Long Beach Housing Bubble?
No. Every year around the holidays or after the summer is over, more homes come on the market and things slow down.
Here is the breakdown, as of today for Long Beach CA real estate for single family homes that are actively for sale now:
Long Beach Real Estate Market Report December 15th, 2005
- 11 are 1 bedroom homes, priced between $277,700 to $480,000; 63 days on market so far
- 202 are 2 bedroom homes, $315,000 to $1,600,000; 50 days on the market
- 305 are 3 bedroom homes, $359,900 to $2,200,000; 48 days on the market
- 88 are 4 bedroom homes, $419,000 to $2,399,999; 55 days on the market
- 32 are 5 or more bedrooms, $545,000 to $6,500,000; 107 days on the market
Some sellers are more flexible with their listing price now….search all of the homes listed for sale in the Southern California real estate
source: Southern California MLS
Southern California Housing Bubbles: What is Happening