Alamitos Beach Homes Market Report-2008-Long Beach Real Estate

Alamitos Beach Homes - Market Report - 2008

January 1, 2008 - August 29, 2008

Home sales have picked up a little bit and prices have been holding steady in the Alamitos Beach area for the last couple of months. 

Lenders have tightened up on lending standards, interest rates are lurking around 6.5%, buyers must be pre-qualified, and down payments are necessary.  First time buyers should be aware that FHA has a 3% down payment loan that is reported to be increasing to 3.5% on October 1, 2008.   It's a smart buyer that has a lock in letter and a loan commitment from their lender to protect themselves.  

There are some strong buyers on the market right now and they are looking to purchase the most their money will buy.  There are some really great buys available right now, well priced homes are receiving multiple offers and investors are out shopping. 

This is a great time to be on the market priced to sell; it's a fantastic time to buy.  

There are currently 13 Alamitos Beach Homes for Sale

Average Price: $785,376

Average Days on Market: 108

0 homes in Alamitos Beach are in escrow accepting back-up offers. 

3 homes in Alamitos Beach are currently pending in escrow.

Average Price: $311,600

Average Days on Market: 13

8 Alamitos Beach Homes have Sold (closed escrow) in 2008. 

Average Price: $439,125

Average Days on Market:75

9 Alamitos Beach homeowners cancelled their listings.

Average Price: $491,433

Average Days on Market: 113

8 Alamitos Beach homes listings expired.

Average Price: $542,487

Average Days on Market: 189

1 Alamitos Beach Home for sale was leased. 

Alamitos Beach Condos Market Report-2008-Long Beach Real Estate Sales

Relocating to Long Beach California-Resource Guide

Posted on August 29, 2008 22:08:13 by Laurie.Manny

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