Downtown Long Beach Condos Market Report September 2007Downtown Long Beach Condos Market Report September 2007DOWNTOWN LONG BEACH REAL ESTATE
Downtown Long Beach Condos Market Report 9/1/2007 - 9/30/2007
STUDIO CONDOS
ACTIVE There are 11 STUDIO condos currently active on the market in Downtown Long Beach, ranging in price from $145,000 to $289,000. Ranging in square footage from 249 to 527 square feet, average Days on Market is 144. 2 of these units have a parking space. There are ample parking lots in Downtown Long Beach to accomodate your monthly parking needs quite reasonably. Studio Condos are reasonable purchaes for students and work well for professional office space. Be sure to check the CC & R's for regulations, they vary from one association to another.
IN ESCROW One Studio Condo went in into escrow durning September 2007
SOLD No Downtown Long Beach Condos Studio Units closed escrow in September 2007.
2 Downtown Long Beach Condo Studio's Expired, DOM 152; 1 was Withdrawn from the market, DOM 340
ACTIVE There are currently 73 active one bedroom condos in Downtown Long Beach, ranging in price from $169.900 to $655,000. Square footage ranging from 481' to 1,672' sq ft. Average days on market is 94, one as high as 400 days on market.
IN ESCROW 7 one bedroom condos went into ecrow during September 2007.
SOLD 3 one bedroom Condos in Downtown Long Beach closed escrow (SOLD) during September 2007. Average sale price was $268,000 up from last monts $242,500. Average square footage 624; average days on market 1320. Two of these units indicate a parking space was included. 1 one bedroom condo was leased and one was withdrawn after 59 days on market.
2 BEDROOM CONDOS
ACTIVE There are currently 72 two bedroom condo's active on the market in Downtown Long Beach, ranging in price from $207,900 to $999,000. Square Footage ranging from 764' to 1,875' sq ft. Average days on market is 88 the high being 361 days on market.
IN ESCROW Taking Back-Up Offers There are 5 two bedroom condos in escrow, taking back-up offers, 96 average days on market. Pending There are 3 two bedroom condos in escrow under pending status, 60 average days on market.
SOLD 3 Condos in Downtown Long Beach closed escrow (SOLD) during September 2007. Average sale price $331,000; average square footage 965'; average 38 average days on market . All units had 2 baths and 2 parking spaces included.
4 two bedroom condo listings expired in September 2007, 153 average days on market; 2 listings were cancelled after 223 and 89 days on market; 1 unit was placed on hold after 103 days on market.
THREE BEDROOM CONDOS
ACTIVE There are currently 5 active three bedroom condos in Downtown Long Beach, ranging in price from $585,000 to $839,950. Square Footage ranging from 1,260' to 1,875' sq ft. Average days on market is 73 the high being 170 days on market.
IN ESCROW No Activity this month
SOLD No Activity this month
1 unit expired after 38 days on market;
FOUR BEDROOM CONDOS
ACTIVE There is 1 four bedroom condo, actually a townhome, active on the market in Downtown Long Beach, built in 1991. It is a rare 4 bedroom, 3 bath with 2 parking spaces, has 1,426 square feet of living space, is priced at $550,000 and has been on the market for 33 days.
See also:
Exclusive DOWNTOWN LONG BEACH CONDO Rarely on Market-For Sale
For further details or to set up an appointment to view available Downtown Long Beach condos, call Laurie 562-212-5420
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Posted on October 20, 2007 20:15:30 by Laurie.Manny
 Laurie.Manny  2 feedbacks »
Comment from: FSBO Louisville [Visitor] · http://louisvilleproperties.com Wow, 145 for a condo on Long Beach sounds like a great deal! How many bedrooms? Or, is it just a studio?  Permalink October 21, 2007 17:40:08Comment from: Laurie.Manny [Member] · http://www.longbeachrealestatehome.comYes, that would be the price for a small studio. Permalink October 21, 2007 17:46:27Comment on this article This post has no comments awaiting moderation. |
To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.
