If you want to know what is happening in the Long Beach real estate market December 2018, then watch this short video by Jay Valento. Jay is a Realtor® in the Long Beach, California area and shares with you the overall view of the Long beach real estate market for 2018.
Let look at the Long Beach real estate pricing trends in 2018:
The average selling price of single family homes in December 2018 was $727, 126 that was up 6.5% from 2017
It took 33 days from the day the house was listed until it opened escrow with an accepted offer on a house.
Long Beach homes are selling for $478 per square foot and we 2.3 months of inventory. That is up 9.5% from December 2017 when there was 2.1 months of inventory for buyers to review.
This is a critical statistic. What percentage of the listed price are Long Beach homes selling for ? 98.40%.
What is going on with the Long Beach condo pricing in December 2018?
Average pricing for Long Beach condos that sold were $420,449 verse Long Beach townhomes that sold for $578,747. Townhomes tend to be bigger than condos and there is a limited supply of them for sale.
How many months of supply of condos verse townhomes in December 2018 ?
There were 2.1 months of supply of condos verse 1.9 months of supply of townhomes
It took 32 days to sell a condo and 35 days to sell a townhome
The average price per square foot for condos was $454 verse townhomes at $368
What percentage of the listed price did Long Beach condos sell for verse Long Beach townhomes?
- Condos sold for 99.20% of the listed price
- Townhomes sold for 98.90% of the listed price.
Video of Long Beach Real Estate Market December 2018 Statistics
Learn how to search for homes for sale on our website and about the statistics for the Long Beach real estate market December 2018. Statistics help you to see trends in the marketplace for pricing. Are prices up, down to stable?
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