The Long Beach Real Estate Market Statistics, as of today, July 15th, 2008, is as follows: there are 210 homes for sale in Long Beach in the zip code of 90803. This zip code encompasses the following neighborhoods like Belmont Shore, Belmont Park, and Naples.
The price ranges are from $569,000 for two bedrooms, one bath home to a home on Ocean Blvd for $5,500,000 with four bedrooms and five and over 4,900 square feet. The homes that are listed for sale have been on the market for an average of 104 days.
On the flip side, Long Beach Real Estate Market Statistics for 90803
- 19 properties in escrow that are accepting backup offers with an average of 86 days on market before they got an accepted offer
9 properties in escrow that are considered in a pending status…with average of 76 days on market before they got an accepted offer
Accepting Backup Offers vs Pending Sale
So what is the difference between Accepting Backup Offers and Pending Sale? Sometimes the seller wants a backup offer in case the current buyer decides to change their mind…plan B just in case or if the buyer looks really strong with a large down payment, then the status can be changed to Pending.
Year to Date Long Beach Real Estate Sales in 2008 for Zip Code 90803
- 68 homes have sold this year for 11.06% less than the asking price
- average sales price is $1,092,687
- average days on market are 91
If you are seriously considering placing your home on the market and you are in this zip code, make sure to price your home in such as way as to generate offers from buyers. That’s right, don’t overprice the home thinking that you need negotiating room. Buyers will compare your home to others on the market and make offers accordingly. While it is a”buyer’s market”, I am not telling you to give your home away but to price it in such a way that it makes it attractive to local real estate professionals to show to their clients before they show someone else’s home first. Be realistic. It may take a little bit of time to receive an offer.
Top Long Beach real estate professionals know that over 80% of all buyers are using the internet first to shop for a home. So, the agents that are marketing to clients online are the ones that you should be considering to hire to market your home….like RedWagonTeam.com that ranks in the top of Google for such key phrases as Long Beach real estate, Long Beach Ca real estate and homes for sale in Long Beach, CA.