What is happening with the March 2018 Long Beach Homes Prices?

Long Beach homes prices are on the rise in 2018.  As a local Long Beach real estate professional I am seeing a spike in housing prices with a lower number of homes for sale.

According to the California Regional Multiple Listing Service, the average selling price of a single-family, Long Beach home in March 2018 was $680,700.  That is actually down 0.8% from March 2017.  But there are only 1.7 months of supply until we run out of single-family homes to sell here in Long Beach.

Are Long Beach Homes Selling for More Than Full Price or Less?

This is another key indicator to see what is happening in the marketplace.  If homes are selling for full price or above, then you know we are in a seller’s market.  Let’s look at the real world numbers here in Long Beach.

In March 2018, Long Beach homes were selling for 98.7% of the listed price.  That seems like a normal real estate market to me.  Even though many of my clients would probably say otherwise since they are having to bid above the listed price to get a home.

But remember this is an overall average of all single-family homes in Long Beach.

What are the Hottest Long Beach Home Selling Price Ranges up to March 31st, 2018?

From the chart below, you can see that the hottest price range that is selling the most up to March 31st, 2018 is 

1. Long Beach homes $500,000 to $600,000 with 89 sales; selling in 30 days after being listed for sale
2. Long Beach homes $400,000 to $500,000 with 82 sales; selling in 39 days after being listed for sale
3. Long Beach homes $600,000 to $700,000 with 77 sales; selling in 30 days
4. Long Beach homes $700,000 to $800,000 with 73 sales; selling in 26 days

 

The fastest selling price range I would say is Long Beach properties at $700,000 to $800,000 in 26 days.

 

List Price: $200,000 – $300,000 (7)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	229000	6	235000	1	1	1910	440	995
	Max	299000	227	299000	4	2	1955	1424	6074
	Avg	269571	63	271000	2	1	1927	763	2168
	Sum	1887000		1897000
	List Price: $300,000 – $400,000 (29)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	300000		300000	1	1	1912	520	1200
	Max	399900	652	500000	3	3	2017	2090	6378
	Avg	362800	46	367945	2	1	1942	933	3649
	Sum	10521199		10670399
List Price: $400,000 – $500,000 (82)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	400000		382000	2	1	1890	660	2173
	Max	499999	188	565000	6	4	2010	2828	10238
	Avg	456060	39	461237	3	2	1941	1176	5260
	Sum	37396947		37821400
List Price: $500,000 – $600,000 (89)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	500000		472500	2	1	1912	806	869
	Max	599999	185	630000	5	3	2017	2682	8509
	Avg	558257	30	557920	3	2	1947	1323	5579
	Sum	49684859		49654856
List Price: $600,000 – $700,000 (77)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	609000		595000	1	1	1913	884	886
	Max	699999	147	725000	7	5	1997	2734	8313
	Avg	660029	30	658119	3	2	1948	1470	5824
	Sum	50822243		50675173
List Price: $700,000 – $800,000 (73)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	708900	2	680000	2	1	1912	816	2378
	Max	799999	165	856000	4	4	1989	2741	11107
	Avg	755194	26	755866	3	2	1948	1718	6150
	Sum	55129139		55178191
List Price: $800,000 – $900,000 (35)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	800000		800000	2	1	1913	894	2501
	Max	899000	132	915000	6	5	1967	4535	10556
	Avg	850650	38	845744	3	2	1946	1925	5991
	Sum	29772750		29601050
List Price: $900,000 – $1,000,000 (18)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	910000		887500	2	2	1918	1008	2404
	Max	999900	363	1012000	4	3	1982	2943	15952
	Avg	959572	41	944486	3	3	1947	2043	6259
	Sum	17272299		17000750
List Price: $1,000,000 – $1,100,000 (3)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1025000		1017000	3	2	1940	1217	3153
	Max	1099000	109	1050000	3	3	2001	2781	5356
	Avg	1071333	54	1037333	3	3	1975	2215	4032
	Sum	3214000		3112000
List Price: $1,100,000 – $1,200,000 (7)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1100000	6	780000	3	2	1923	1696	3153
	Max	1185000	151	1150000	4	5	1984	3167	11325
	Avg	1127114	68	1043143	4	3	1944	2505	7136
	Sum	7889800		7302000
List Price: $1,200,000 – $1,300,000 (14)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1200000	4	1030000	3	2	1925	1908	2405
	Max	1299000	166	1322500	4	4	1987	3400	10287
	Avg	1257064	56	1231151	4	3	1948	2622	5564
	Sum	17598900		17236114
List Price: $1,300,000 – $1,400,000 (4)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1300000	12	1275000	4	3	1928	2046	2394
	Max	1399000	203	1399000	4	4	1968	3847	8746
	Avg	1357250	85	1349500	4	4	1946	2699	4509
	Sum	5429000		5398000
List Price: $1,400,000 – $1,500,000 (3)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1449000	11	1350000	3	3	1925	2187	2406
	Max	1475000	400	1490000	4	4	1956	3000	9602
	Avg	1466333	146	1401667	3	3	1942	2644	4830
	Sum	4399000		4205000
List Price: $1,500,000 – $1,600,000 (2)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1529900	33	1510000	3	3	1979	2337	2387
	Max	1595000	132	1590000	4	3	2000	3337	5405
	Avg	1562450	83	1550000	4	3	1990	2837	3896
	Sum	3124900		3100000
List Price: $1,600,000 – $1,700,000 (4)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1640000		1515000	3	3	1947	2307	2448
	Max	1650000	130	1700000	3	4	2002	2901	3526
	Avg	1647000	66	1613750	3	3	1984	2570	2925
	Sum	6588000		6455000
List Price: $1,800,000 – $1,900,000 (2)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1829000	56	1650000	3	3	1917	2094	2380
	Max	1849500	101	1800000	4	5	2008	4387	16915
	Avg	1839250	79	1725000	4	4	1963	3241	9648
	Sum	3678500		3450000
List Price: $1,900,000 – $2,000,000 (2)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	1995000		1995000	3	4	1941	2880	2404
	Max	1995000	36	2125000	5	4	1998	2933	3608
	Avg	1995000	18	2060000	4	4	1970	2907	3006
	Sum	3990000		4120000
List Price: All (451)
		List Price	Days On Market	Close Price	BR	BA	Year Built	Sqft	Lot Sqft
	Min	229000		235000	1	1	1890	440	869
	Max	1995000	652	2125000	7	5	2017	4535	16915
	Avg	683811	37	680437	3	2	1946	1546	5512

 

Long Beach Homes by Price Range

[su_box title=”Long Beach Homes by Price Range” radius=”4″]

[su_row][su_column size=”1/3″]
$200,000 – $250,000
$250,000 – $300,000
$300,000 – $350,000
$350,000 – $400,000
[/su_column] [su_column size=”1/3″]

$400,000 – $450,000
$450,000 – $500,000
$500,000 – $600,000
$600,000 – $750,000
[/su_column] [su_column size=”1/3″]

$800,000 – $900,000
$900,000 – $1,000,000
$1,000,000-$2,000,000
$2,000,000-$4,000,000
[/su_column][/su_row]
[/su_box]

 

Long Beach Neighborhoods to Explore

There are 35 different Long Beach neighborhoods to explore.  You can live near the coastline in Belmont Shore, the Peninsula, Belmont Park, Naples Island, Belmont Heights, Alamitos Beach, Downtown area, Spinnaker Bay, Spinnaker Cove, Bay Harbour and Marina Pacifica.  Long Beach has some of the most affordable housing in southern California.  So, take your time searching for Long Beach homes and Long Beach condos to find a place you can truly call home.