Downtown Long Beach Condos Market Report-2007-January-December

Downtown Long Beach Real Estate Condo Sales Market Report

January - December 2007

For the area bounded:

• on the North by Anaheim
• on the East by Alamitos
• on the South by the Sea
• on the West by the LA River

Single Downtown Long Beach Condos:

We close the year out with 9 single condos in Downtown Long Beach active on the market, ranging in size from 249 - 527 square feet.

• Average price:  $205,632
• Average Days on Market:  166

10 single units closed escrow in 2007:

• Average price:  $212,690
• Average days on Market:  132

One Bedroom Downtown Long Beach Condos: 

There are 59 one bedroom condos currently active on the market in Downtown Long Beach, ranging in size from 522 - 1,740 square feet.

• Average Price: $314,156
• Average Days on Market:  105

2 one bedroom condos are in escrow taking back up offers, average listing price of $196,950, average days on market 40.

5 one bedroom condos are pending-in escrow, average listing price of $303,779, average days on market 88. 

7 one bedroom condos were leased, average rent of $1.441, days on market 107.

1 one bedroom condo is on hold.

60 one bedroom condos closed escrow in 2007:

• Average Price:  $292,788
• Average Days on Market:  94

Two Bedroom Downtown Long Beach Condos:

2007 closes with 72 two bedroom condos active on the market in Downtown Long Beach, ranging in size from 786 - 1,630 square feet. 

• Average Price:  $462,410
• Average Days on Market:  94

1 two bedroom condo is in escrow accepting back-up offers, listed at $249,900, on market 202 days.

6 two bedroom condos are pending in escrow, average listing price $359,116, days on market 76. 

4 two bedroom condos were leases, average lease price $2,262, average days on market 105. 

88 two bedroom condos closed escrow in 2007: 

• Average Price:  $408,652
• Average Days on Market:  87
  

Three Bedroom Downtown Long Beach Condos:

The year closes with 10 three bedroom condos active on the market, ranging in size from 1,260 - 2,432 square feet:

• Average price $918,079
• Average days on Market 58

1 three bedroom condo was leased at $3,500, was on market for 710 days.

2 three bedroom condos closed escrow in 2007:

• Average Price:  $525,500
• Average Days on Market:  60
  

Four Bedroom Downtown Long Beach Condos:

We don't have very many 4 bedroom condos in Downtown Long Beach, but there are a few.

2007 closed with 1 four bedroom condo active on the market.  Listed at $495,000 is has been on the market for 118 days. 

1 four bedroom condo closed escrow in 2007.  Sold for $545,000 it was on the market for 100 days. 

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Posted on January 13, 2008 01:49:37 by Laurie.Manny

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