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

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Alamitos Beach Condos Market Report

2008

Long Beach Real Estate Sales

Ocean Boulevard Corridor Condo Sales

 

January 1, 2008 - August 29, 2008

 

Active

 

There are currently 54 Ocean Blvd Corridor Condos For Sale in Alamitos Beach, many with fantastic waterfront views, some with city views.

• 14 condos are priced under $500,000 and range from 706 sq ft to 1,202 sq ft.
• 24 condos are priced between $500,000 and $1,000,000 and range from 736 sq ft to 1,850 sq ft.
• 15 condos are priced between $1,000,000 and $1,499,000 and range from 1,259 sq ft to 2,052 sq ft.
• 1 condo is priced at $1,850,000
  

 

• Average Price:  $788,490
• Average Days on Market:  100
  

 

Alamitos Beach Condos and High Rise Condos For Sale

 

• Alamitos Beach Condos For Sale $400000 to $500000
• Alamitos Beach Condos For Sale $500000 to $600000
• Alamitos Beach Condos For Sale $600000 to $800000
• Alamitos Beach Condos For Sale $800000 to $1000000
• Alamitos Beach Condos For Sale $1000000 and more
• Alamitos Beach-Downtown Long Beach-Ocean Blvd Condos For Sale-Long Beach Real Estate For Sale

 

Pending

 

4 Alamitos Beach Condos on Ocean Blvd. are pending in escrow.

• 1 bedroom, 1 bath, 626 square feet; $239,000
• 2 bedroom, 2 bath 1,104 square feet; $299,900
• 2 bedroom, 1 bath, 1,097 square feet; $365,000
• 2 bedroom, 1 bath, 1,245 square feet; $625,000
  

 

• Average Price:  $382,225
• Average Days on Market:  153
  

 

Back Up Offers

 

3 Alamitos Beach Condos on Ocean Blvd. are in escrow accepting back up offers:

• 1 bedroom, 1 bath,700 square feet; $245,000
• 1 bedroom, 1 bath, 814 square feet; $499,999
• 3 bedroom, 2 bathe, 1,800 square feet; $797,999
  

 

• Average Price:  $797,999
• Average Days on Market:  62
  

 

Closed Sales:

 

37 Alamitos Beach Condos on Ocean Blvd.  have closed escrow this year (2008) to date:

 

• 20 Under $500,000
• 15 Between $500,000 and $1,000,000
• 2 over $1,000,000
  

 

• Average Price:  $532,077
• Average Days on Market:  69
  

 

Cancelled

39 - Alamitos Beach Condos listed for sale on the Ocean Blvd. corridor were taken off of the market. Average Days on Market: 145

Expired

46 - Alamitos Beach Condos on the Ocean Blvd. corridor, listed for sale, expired in 2008, Average Days on Market: 160

 

Hold

3 Alamitos Beach Condo Owners have placed the sale of their homes on hold.

Leased

3 Alamitos Beach Condos have been leased.

 

• Long Beach CA Ocean Blvd Condos For Sale

• Alamitos Beach Luxury High Rise Condos Market Report-Ocean Boulevard Corridor-90802-January-December 2007
  

 

Long Beach Relocation Resource Guide

 

• Relocating to Long Beach California-Resource Guide

 

 

Downtown Long Beach Condos For Sale

• Downtown Long Beach-Alamitos Beach-Ocean Blvd Condos For Sale-Long Beach Real Estate For Sale
• Emerald Villas Condos-555 Maine Ave-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale
• Sunset Pointe Condominiums-640 W 4th St-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale
• Golden Gate Square Condos-730 W 4th St-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale
• Ocean Gate Square Condos-720 W 4th St-Downtown Long Beach Condos For Sale-Long Beach Real Estate For Sale

 

 

Downtown Long Beach Homes For Sale

• Downtown Long Beach Homes For Sale $500000 and up Long Beach Real Estate For Sale
• Downtown Long Beach Homes For Sale $300000 to $500000 Long Beach Real Estate For Sale
• Downtown Long Beach Homes For Sale Under $300,000 Long Beach Real Estate For Sale

 

 

Prefer Luxury Waterfront Long Beach Homes with room for a boat?

Try Spinnaker Bay.

 

Or perhaps the Belmont Shore and Naples areas:

• Belmont Shore and Naples Condos For Sale-Long Beach Real Estate
• Belmont Shore Naples Homes For Sale in Long Beach CA $2000000 and up
• Belmont Shore CA Homes for sale under $1000000
• Belmont Shore-Naples Homes For Sale in Long Beach California $1000000 to $2000000
• Marina Pacifica Condos for Sale Long Beach CA
• Bay Harbour Homes For Sale Long Beach California

 

 

http://www.lauriemanny.com/003931

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

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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

 

http://www.lauriemanny.com/003B8F

Belmont Shore Real Estate Market Report-2008-Belmont Park-Naples Island-Marina Pacifica-Long Beach California Real Estate

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Belmont Shore Real Estate Market Report

Including Belmont Park, Naples Island and Marina Pacifica

Homes, Condos and Income Properties

Long Beach California

Last Updated 8/22/2008

 

Belmont Shore boundaries: North - Broadway East - Bay Shore South - The Ocean West - Livingston Drive

Belmont Park boundaries: North - Monrovia Avenue East - Marine Stadium South - Broadway West - Bay Shore

Naples Isand boundaries: North - Belmont Park East - Marina Pacifica South - The Peninsula West - Belmont Shore

About Belmont Shore and Naples Island California

Long Beach Homes For Sale in Belmont Shore, Belmont Park and on Naples Island

 

There are currently 95 Long Beach homes for sale in Belmont Shore, Naples Island and Belmont Park.

• 2 homes are for sale between $500,000 and $600,000
• 3 homes are for sale between $600,000 and $700,000
• 10 homes are for sale between $700,000 and $800,000
• 12 homes are for sale between $800,000 and $900,000
• 9 homes are for sale between $900,000 and $1,000,000
• 30 homes are for sale between $1,000,000 and $1,500,000
• 15 homes are for sale between $1,500,000 and $2,000,000
• 7 homes are for sale between $2,000,000 and $3,000,000
• 6 homes are for sale between $3,000,000 and $4,000,000
• 1 home is for sale at $5,500,000

 

• Average Price: $1,564,786
• Average Days on Market: 114

 

There are currently 19 homes pending (in escrow) in Belmont Shore, Belmont Park and on Naples Island.

 

• 6 Homes are accepting Back-Up offers.
• 13 Homes are pending

 

Back-Up Offers:

• Average Price: $1,286,983
• Average Days on Market: 84

Pending Offers:

• Average Price:$1,311,130
• Average Days on Market: 81

 

 

46 homes closed escrow (SOLD) in Belmont Shore, Belmont Park and on Naples Island in 2008.

 

• Lowest Price Home Sold: $625,000
• Highest Price Home Sold: $4,450,000

• Average Price: $1,171,889
• Average Days on Market: 66

 

42 Homeowners Cancelled their Listings

• Average Price: $1,395,220

• Average Days on Market: 147

1 Homeowner Withdrew their home from the market

• Average Price $1,250,000

• Average Days on Market: 68

37 Listings Expired

• Average Price: $1,193,391

• Average Days on Market: 155

 

Search homes for sale in Belmont Shore,Naples Island and Belmont Park

 

• Belmont Shore-Naples Island-Belmont Park Homes for sale under $1000000
• Belmont Shore-Naples Island-Belmont Park Homes For Sale $1000000 to $2000000
• Belmont Shore-Naples Island-Belmont Park Homes For Sale $2000000 and up
• Bay Harbour Homes For Sale

 

 

 

 

Long Beach Condos For Sale in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica

 

There are currently 23 Long Beach Condos for sale in Belmont Shore, Naples Island, Belmont Park and Marina Pacifica

• 3 for sale between $200,000 and $300,000
• 7 for sale between $300,000 and $400,000
• 3 for sale between $400,000 and $500,000
• 5 for sale between $500,000 and $600,000
• 2 for sale between $600,000 and $700,000
  
• 1 for sale at $795,000
• 1 for sale at $1,249,000
• 1 for sale at $1,495,000

• Average Price: $531,386
• Average Days on Market: 109

 

There are currently 9 condos in escrow in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica.

 

• 7 condos are accepting Back-Up offers.
• 2 condos are pending

 

Back-Up Offers:

• Average Price: $541,628
• Average Days on Market: 113
  

Pending Offers:

• Average Price:$407,450
• Average Days on Market: 28
  

 

 

31 condos have closed escrow (SOLD) in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica in 2008.

 

• Lowest Price Condo Sold: $225,000
• Highest Price Condo Sold: $735,000

• Average Price: $513,912
• Average Days on Market: 85
  

 

18 Homeowners Cancelled their Listings

• Average Price: $535,622

• Average Days on Market: 126
  

1 Homeowner Withdrew their home from the market

• Average Price $439,000

• Average Days on Market: 39
  

 

22 Listings Expired

• Average Price: $591,895

• Average Days on Market: 182
  

 

 

Search Condos for sale in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica

• Belmont Shore-Naples Island-Belmont Park Condos For Sale
• Marina Pacifica Condos for Sale Long Beach CA
• Bay Harbour Homes For Sale Long Beach California

 

 

 

 

 

 

Long Beach Income Properties For Sale in Belmont Shore, Belmont Park and Naples Island

 

There are currently 21 Long Beach Income Properties for sale in Belmont Shore, Naples Island and Belmont Park.

 

• 10 are duplexes
• 6 are triplexes
• 2 are four-plexes
  
• 1 has 9 units
• 1 has 10 units
• 1 has 23 units

 

• Lowest Price: $789,900
• Highest Price: $6,950,000
  

• Average Price: $1,946,614
• Average Days on Market: 138
  

 

 

There are currently 3 income properties in escrow in Belmont Shore, Belmont Park and Naples Island.

 

• 2 income properties are accepting Back-Up offers.
• 1 income property is pending.

 

Back-Up Offers:

• Average Price: $881,500
• Average Days on Market: 124
  

Pending Offers:

• Average Price:$1,699,000
• Average Days on Market: 142
  

 

 

12 income properties have closed escrow (SOLD) in Belmont Shore, Belmont Park and Naples Island in 2008.

 

• Lowest Price income property Sold: $849,500
• Highest Price income property Sold: $3,500,000

• Average Price: $1,734,041
• Average Days on Market: 135
  

 

5 income property owners Cancelled their Listings

• Average Price: $1,226,560

• Average Days on Market: 246
  

1 income property owner Withdrew their property from the market

• Average Price $849,500

• Average Days on Market: 0
  

16 Listings Expired

• Average Price: $1,214,306

• Average Days on Market: 218
  

 

Search Income Properties for sale in Belmont Shore, Belmont Park and Naples Island

• Belmont Shore-Naples Island-Belmont Park Income Properties For Sale

 

 

 

*All statistics are as represented by the MLS and are not to be interpreted as the representations of the author.

http://www.lauriemanny.com/0041D6

Bluff Park Historic District Neighborhood Market Report - Long Beach CA Real Estate Sales

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Bluff Park Historic District Market Report

Homes, Condos and Income Properties

Long Beach CA Real Estate Sales - 2008

Updated 8/8/2008

 

The Bluff Park Historic District Boundaries are:

 

• East 2nd Street to the North
• Loma Avenue to the East
• East Ocean Boulevard to the South
• Junipero Avenue to the West

• Bluff Park Historic District Map PDF

Bluff Park Historic District is a small, very upscale neighborhood which contains some of Long Beach's most dignified homes. The historic district includes a variety of architectural styles, including Greene and Greene, American Craftsman, California Bungalow, Spanish Revival, Prairie Style, American Colonial Revival, Tudor and Mediterranean, constructed between 1903 and 1949.

 

Bluff Park is home to The Long Beach Museum of Art. Built in 1912 the stately Craftsman building is the former Elizabeth Milbank Anderson house; it is located on the bluffs at 2300 E. Ocean Bl. Bluff Park is also home to a Buddhist monastery that once was a Roman Catholic convent.

 

Back in the 1930's Long Beach was known as the motion picture capital of the world until post World War I when Hollywood developed around the glitz of the era. With its perfect Southern California climate, Long Beach afforded the perfect setting for the industry. There were eight film houses, two stock companies, roller-coasters and bath houses at the historic Pike, along the shore of Downtown Long Beach. This was the home of the Balboa Amusement Production Company, the world's most prolific silent-film studio. W. C. Fields and other stars lived in beautiful mansions in the Bluff Park neighborhood along Ocean Boulevard and First Street, many of which remain in the families to this day.

 

Bluff Park is one of Long Beach's most coveted neighborhoods.

Read Also:

• Long Beach California Beach Communities
• History of Long Beach California
• Long Beach CA Historic Homes and Districts
• THE MILLS ACT

 

 

Bluff Park Historic District Homes - Sales 2008

 

There are currently 6 Homes in Bluff Park Historic District For Sale, ranging in price from $699,900 to $3,875,000.

• Average Price: $1,448,983
  
• Average Days on Market: 69

4 Homes in Bluff Park Historic District have closed escrow in 2008.

• Average Price: $835,500
• Average Days on Market: 24
  

 

 

RES	Status	Type	Address	Address	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	A	SFR	2401 E Ocean Blvd	2401 E Ocean Bl	6	6/5	S	4	5,000	2008	$3,875,000	32
2	A	SFR	3513 E 2nd St	3513 E 2nd St	3	2/1	1	2 A	1,662	1911	$699,900	81
3	A	SFR	2424 E 2nd St	2424 E 2nd St	2	1/1	1	2	1,285	1910	$750,000	53
4	A	SFR	24 N Redondo Ave	24 N Redondo Ave	2	2/1	1	2	1,390	1916	$925,000	36
5	A	SFR	3039 E 2nd St	3039 E 2nd St	4	4/3	2	2 D	2,438	1946	$1,195,000	142
6	A	SFR	2919 E 1st St	2919 E 1st St	4	3/1	2	2	2,859	1922	$1,249,000	0
7	S	SFR	2609 E 2nd St	2609 E 2nd St	2	2/1	2	1 D	1,848	1909	$682,000	6
8	S	SFR	2424 E 2nd St	2424 E 2nd St	2	1/	1	2	1,285	1910	$650,000	5
9	S	SFR	32 Kennebec Ave	32 Kennebec Ave	3	3/1	2	1 A	1,628	1911	$785,000	77
10	S	SFR	115 Paloma Ave	115 Paloma Ave	4	3/	2	1 D	2,433	1913	$1,225,000	9

 

Today on 8/8/08 Bluff Park Historic District Home located at 2609 East 2nd St Closed Escrow.   8/8/08 is considered by the Chinese to be a very lucky day. The number is coveted for addresses, phone numbers and bank accounts. A single 8 on a piece of property lends a sense of high status among the Chinese, as they know top dollars were paid just to obtain that number.   Lucky 8 is so lucky, that the Beijing Olympics are due to open today on 8/8/08 at exactly 8:08:08 PM.

 

 

Just Sold

 

 

Bluff Park Historic District Closed Sale 8/8/08

2609 East 2nd Street Long Beach, CA 90803 2 Short Blocks to the Beach Craftsman Home 2 Story 2 Bedroom 2 Bath 1,848 Square Feet 4,785 Sq Ft Lot 2 Car Garage + Driveway Beautifully Landscaped Great Floorplan Formal Entry Hardwood Floors Plantation Shutters French Doors to Rear Deck Private Back Yard Formal Dining Room Office (3rd Bdrm?) Den (4th Bdrm?) Front Porch Large Wood Burning Fireplace High Coved Ceilings with Detail Basement Lots of Storage

Buyer Represented by Laurie Manny (562) 212-5420

Offered at: $679,000 Sold at: $682,000

Tale of the Sale

Bluff Park Historic District Condos-Coops-OYOs - Sales 2008

 

There are 8 Bluff Park Historic District Condos For Sale and 1 OYO ranging in price from $250,000 to $774,900.

• Average Price: $504,955
• Average Days on Market: 141
  

2 Bluff Park Historic District Condos are accepting Back-up Offers

• Average Price: $324,825
• Average Days on Market: 78
  

8 Bluff Park Historic District Condos have closed escrow in 2008.

• Average Price: $521,250
• Average Days on Market: 127
  

 

RES	Status	Type	Address	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	A	OYO	2225 E 2nd St 1	1	1/1	1	0	524	1921	$250,000	31
2	A	CONDO	2204 E 1st 4	1	1/1	2	1	714	1962	$252,900	39
3	A	CONDO	2101 E 2nd 404	2	2/1	1	2	985	1968	$399,000	189
4	A	CONDO	2601 E Ocean Blvd 608	1	1/1	1	1	672	1973	$424,900	178
5	A	CONDO	2601 E Ocean Blvd 203	2	2/2	3	1	1,020	1973	$479,900	101
6	A	CONDO	2601 E Ocean Blvd 407	2	2/2	1	1	1,008	1973	$585,000	478
7	A	CONDO	2999 E Ocean Blvd 130	2	2/1	1	1	1,510	1967	$679,000	127
8	A	CONDO	2999 E Ocean Blvd 430	2	2/1	1	1 D	1,510	1967	$699,000	85
9	A	CONDO	2999 E Ocean Blvd 310	2	2/2	1	1	1,510	1967	$774,900	37
10	B	CONDO	2662 E2nd St G2	2	2/1	1	1	1,298	1966	$469,750	56
11	B	CONDO	2222 E 2nd St 10	0	1/1	1	0	424	1955	$179,900	100
12	S	CONDO	2131 E 1st St 202	1	1.5/	3	0	979	1975	$325,000	105
13	S	CONDO	2302 E 2nd St H-2	2	2/1	1	1	1,233	1964	$415,000	77
14	S	CONDO	2601 E Ocean Bvd 810	1	1/1	1	1 D	680	1973	$400,000	364
15	S	CONDO	2100 E 2nd St 305	2	2/	1	1 A	1,132	1966	$425,000	136
16	S	CONDO	2204 E 1st St 9	2	2/	1	1	1,193	1962	$460,000	28
17	S	CONDO	2319 E 2nd St 3	2	2/2	1	2 A	1,167	1980	$420,000	50
18	S	CONDO	3101 E 2nd St 4C	3	2/	1	1 D	1,481	1963	$475,000	251
19	S	CONDO	3305 E Ocean Blvd 201	3	3/3	2	2	2,300	1986	$1,250,000	5

 

 

Bluff Park Historic District Income Properites - Sales 2008

 

There are no income properties available at this time in the Bluff Park Historic District.

3 Bluff Park Historic District Income Properties Sold in 2008, ranging in price from $1,599,000 to $1,615,000

• Average Price: $1,604,666
• Average Days on Market: 69
  

 

RIN	Status	Units	GSI	Cap	GRM	Net Inc	Address	Yblt	Bldg SF	Price	DOM
1	S	5	$104,940	6.25%	15.24	$100,000	3065 E 2nd St	1968	6,050	$1,599,000	131
2	S	5	$124,200	0%	13.52	$0	15 Loma Ave	1936	8,190	$1,615,000	53
3	S	8	$130,200	5.15%	13.44	$90,200	3417 E 2nd St	1964	7,435	$1,600,000	24

 

*All statistics are as represented by the MLS and are not to be intrerpreted as the representation of the author.

 

Call Laurie today to view any Bluff Park Historic District properties.

 

 

Laurie Manny Long Beach Realtor (562) 212-5420
Prudential Calfornia Realty Bixby Knolls/California Heights Historic District 3728 Atlantic Avenue Long Beach, CA 90807
Long Beach Real Estate Blog Long Beach Real Estate Website

 

http://www.lauriemanny.com/004028

Words that Sell Homes - Long Beach Real Estate

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Sticks and stone will break my bones but words will never hurt me!

Really?  Are you certain?  OK, let's re-think that for a moment. 

 

Has your Long Beach home been sitting on the market for a while?  Not getting a good response to your advertising?  Maybe it needs a little punch. Ann Brenoff of the Los Angeles Times put together an article a while back which may come in handy. 

 

If you use the words "Motivated Seller" your home will take 15% longer to sell and will net 4% less: "Good Value" will net 5% less. 

 

Homes described as "Beautiful" sell 15% faster and net 5% more in price than the norm.  "Handyman Special" sold in half the average time. 

 

However, if you use words that indicate "Curb Appeal" or indicate that the home is attractive the days on market are decreased; speaking of "Value" or "Price" will increase the days on market. 

 

These discoveries were made by Canadian professor, Paul Anglin who teaches real-estate and housing trends at the University of Guelph in Ontario, Canada, during a study of sales patterns while utilizing the wording of over 20,000 Canadian home listings. 

 

Professor Anglin further discovered that buyers place style over substance. 

Words that help sell a home:		Words that hurt:
Handyman special		Motivated seller
Curb appeal		Good value
Move-in condition		As-is
Landscaping		Clean
Granite		Quiet
Gourmet		New paint
Golf

When the "Landscaping" of a listing was presented homes sold 20% faster.  "Move In Condition" resulted in 12% shorter stay on the market, but had no effect on the sale price.

Use of terms "Foreclosure", "As-is", and "Handyman Special" netted much lower sale prices.  While use of "Granite", "Maple" and "Gourmet" all netted higher sales prices. 

Professor Rutherford, finance and real-estate professor of the University of Texas found, in a 2000 study that "What you say needs to be extavagant, or the signal that is received by buyers is that it's not worth talking about."  He further said that sellers would be best served by just stating the facts. 

 

 

http://www.lauriemanny.com/003F8B