Alamitos Beach Homes Market Update-2008-Long Beach Real Estate
Leave a comment »Alamitos Beach Homes – Market Update – 2008
January 1, 2008 – September 29, 2008
Alamitos Beach Home sales have picked up a little bit and prices have been holding steady in the neighborhood for the last several 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 had a 3% down payment loan program which is 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 who are determined to purchase the most their money will buy. Great buys are available on the real estate market at this time, well priced homes are receiving multiple offers, beach real estate is in demand and investors are out shopping.
This is a great time to be on the real estate market in Long Beach priced to sell; it’s a fantastic time to buy.
There are currently 9 Alamitos Beach Homes for Sale
Average Price: $1,273,111
Average Days on Market: 98
Alamitos Beach Homes Currently on the Market:
| # | MLS# | Address | Bed | B t/f | Gar | SqFt | YBlt | List Price | DOM | |||||||||||||
| 1 | P646109 | 1741 E Erie St | 3 | 2/2 | 0 | 1,175 | 1918 | $540,000 | 82 | |||||||||||||
| 2 | P656039 | 1605 E 3rd St | 3 | 4/2 | 2 | 1,754 | 1998 | $550,000 | 16 | |||||||||||||
| 3 | P648174 | 124 Orange Ave | 3 | 3/2 | 0 | 1,296 | 1906 | $471,000 | 65 | |||||||||||||
| 4 | P651869 | 1715 E 3rd St | 2 | 1/1 | 1 | 1,186 | 1920 | $529,000 | 45 | |||||||||||||
| 5 | P641986 | 284 Gaviota Ave | 3 | 2/1 | 1 | 1,444 | 1921 | $549,000 | 108 | |||||||||||||
| 6 | P642315 | 1312 E Broadway | 3 | 2/1 | 2 | 1,388 | 1917 | $699,000 | 105 | |||||||||||||
| 7 | R802327 | 103 N Hermosa Ave | 4 | 3/2 | 2 | 3,100 | 1919 | $1,125,000 | 112 | |||||||||||||
| 8 | P657779 | 1720 Bluff Pl | 3 | 4/4 | 2 | 3,100 | 2008 | $3,495,000 | 4 | |||||||||||||
| 9 | P606179 | 1724 Bluff Pl | 4 | 4/4 | 2 | 3,200 | 2007 | $3,500,000 | 346 | |||||||||||||
| Average | 3 | 2 | 1,960 | $1,273,111 | 98 | |||||||||||||||||
| Number of Properties: 9 |
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| Average( ListPrice / SqFt ) : ( 1273111 / 1960 ) = $ 649.55 | ||||||||||||||||||||||
0 homes in Alamitos Beach are in escrow accepting back-up offers.
3 homes in Alamitos Beach are currently pending in escrow.
Average Price: $$341,633 up a little from last months 311,600
Average Days on Market: 51 up considerably from last months 13
7 Alamitos Beach Homes have Sold (closed escrow) in 2008.
Average Price: $408,142 up a bit from last months $439,125
Average Days on Market: 60 down a bit from last months 75
8 Alamitos Beach homeowners cancelled their listings.
Average Price: $450,362 down a bit from last months $491,433
Average Days on Market: 108 about the same as last months 113
5 Alamitos Beach homes listings expired.
Average Price: $542,580 almost the same as last months $542,487
Average Days on Market: 203 up a bit from last months 189
2 Alamitos Beach Homes for sale have been leased.
- 4 bdrm 3 bath, 1,754 sq ft, $2,500
- 2 bdrm 1 bath, 1,192 sq ft, $2,000
Alamitos Beach Condos Market Report-2008-Long Beach Real Estate Sales
Relocating to Long Beach California-Resource Guide
Call to view Alamitos Beach Homes For Sale (562) 212-5420
| Laurie Manny Long Beach Realtor (562) 212-5420 |
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| Main Street Realtors Belmont Heights 244 Redondo Avenue Long Beach California 90803 |
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| Long Beach Real Estate Blog Long Beach Real Estate Website | |
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