Long Beach Real Estate Market March 2020

Jay Valento, April 11th, 2020

Today, we are going to look at Long Beach real estate market March 2020 verse 2019.   

Everyone wants to know what is happening in the Long Beach housing market in 2020. 

Let’s look at the Long Beach Real Estate Market March 2020 Numbers

Long Beach Houses:

1. The average selling price of single family homes in March 2020 is $768,397.  That is up 10.20% from 2019.  Prices in 2019 was at $697,241 for a house in Long Beach.

2. Let’s see how long does it take to sell home in Long Beach in 2020.  The numbers show that it takes 30 days to sell a Long Beach house from the time it was listed until it goes under contract with an accepted offer.  In 2019, it took only 42 days. 

3. So, the inventory of single family homes in Long Beach is lower in March 2020 at 1.6 months of supply which is 36.00% LOWER than March 2019.  (Seller Market)

Long Beach Condos:

1. Average selling price of Long Beach condos is $448,538.  That is up 7.3% from 2019 when the price was $418,209

2. How many days does it take to sell a condo, on average, it takes 41.  That is down 8.9% over 2019 when it was 47 days.

3. Are we in a buyer’s market or seller’s market?  Prior to the CoronaVirus, Long Beach was in a seller’s market with limited inventory.  In March 2020, Long Beach has 2.50 months of inventory which is up over 2019 that had 2.4 months.  Not too much of a difference.

Free Copy of the Long Beach Real Estate Market Report

Long Beach Real Estate Market 2020 by Neighborhoods

I will be adding more Long Beach neighborhoods soon in the housing reports.

Belmont Shore Housing Report March 2020

Marina Pacifica Condos Trends March 2020

 

Jay Valento YouTube Videos

Belmont Shore Homes Sales on Youtube: https://youtu.be/PDAOgNF-Amk

Marina Pacifica Condos Trends on Youtube: https://youtu.be/4ZHFYDkwpWE

 

Home Selling or Home Buying Long Beach Real Estate Consultation

Let’s meet in an online meeting if the CoronaVirus is still effecting us.  If so, I will send you a link to chat through Zoom.us.  Zoom is an online video conferencing program.  Very easy to setup…or when can talk by phone at 562-413-7655.  

We can talk about your real estate plans whether you are buying a Long Beach home, Long Beach condo or selling one.

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