Long Beach Homes – Are YOU Safe

Are You Safe in Your Own Home?

Your home is your safe haven from the world.  At least it is supposed to be.  What if it isn’t?  What if anybody could get in at anytime?  Would you still feel safe?  My Dad sent me an email yesterday with a link to a news video about bump keys.  To say that it was enlightening would be a major understatement. 

Have you heard about Bump Keys yet?  Apparently they can be purchased online for about $2.00 each and can be used to open almost any lock in seconds. I urge your to watch this video. You may want to upgrade the locks on your Long Beach Homes after watching it.

How does this work? Check out this short video as well.

Protect yourself and your family.  Invest in better locks.

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Posted on March 8, 2008 by Laurie Manny

Bixby Knolls Home For Sale in Virginia Country Club-270 E San Antonio Drive-Long Beach California Real Estate-90807

Bixby Knolls Home For Sale in Virginia Country Club

Long Beach Real Estate

270 East Antonio Drive

Long Beach-CA-90807

Private Estate

I have a Secret Hidden Music Room Behind Rotating Bookshelves

No picture secret room is by appointment only

Custom Hand Carved Alder Wood Mantle – Wood Burning Fireplace – Marble Hearth

Lovely Open Living Room

Spectacular Tiled Kitchen Leads onto large back porch

One of a kind two story, Spanish style, Long Beach Home in the fabulous Virginia Country Club neighborhood of Bixby Knolls.  This lovely home is set deep on the lot and is protected by 8 foot walls with mature trees lining the entire estate.  An estate anybody would be proud to call home. 

• 3,500 square feet
• 7,500 square foot lot
• 3 bedroom
• 1.5 baths
  

Master Suite

• secret walk in closet behind built in book shelf
• 2nd closet hosts a beautiful leaded glass window
• Sitting room with romantic fireplace
• private porch

• Unique Floor Plan 
  
• Formal Dining Room 
  
• Large Backyard 
  
• Partial Basement 
  
• Two car detached garage with 15 foot expansion and attic 
  
• Convenient to Metro Station and Shopping 
  

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Posted on March 6, 2008 by Laurie Manny

Long Beach Real Estate Market Statistics- March 2008 – Absorption Rate

Long Beach Real Estate Market Statistics – March 2008

Absorption Rate is a good way to get a really clear picture of the Long Beach real estate market and is a great tool to use to assess your competition when listing your Long Beach properties.  The numbers reflected below indicate a highly competitive and strong buyers market, one in which the right price is detrimental to the potential sale of your Long Beach Homes, Condos and Investment Properties. 
 
A six month supply of homes indicates a normal market; less than 6 months would indicate a Sellers Market, over 6 months indicates a Buyers Market. 

Current Absorption Rates – Long Beach California

9/1/2007 – 2/29/2008 – 6 months

Long Beach Condos

Closing escrow at an average of about 50 condos per month citywide, it would take close to 14 months to sell off the existing inventory of 704 condominiums for sale in Long Beach. 
Closed Escrows = 303 ÷ 6 mos. = 50.5 per month absorption rate
Per month absorption rate = 50.5 ÷ 704 (Active + In Escrow Listings) = 13.94 months’ supply of condos for sale. 

• Expired = 228
• Withdrawn = 9
• Cancelled = 167

Long Beach Homes

Closing escrow at an average of about 90 homes per month citywide, it would take over 15 months to sell off the existing inventory of 1404 homes for sale in Long Beach. 
Closed Escrows = 541 ÷ 6 mos. = 90.17 per month absorption rate
Per month absorption rate = 90.17 ÷ 1404 (Active + In Escrow Listings) = 15.57 months’ supply of homes for sale. 

• Expired = 799
• Withdrawn = 45
• Cancelled = 625 

Long Beach Duplex’s

Closing escrow at an average of about 9 per month citywide, it would take well over 2 years to sell off the existing inventory of 232 duplex’s for sale in Long Beach. 
Closed Escrows = 55 ÷ 6 mos. = 9.17 per month absorption rate
Per month absorption rate = 9.17 ÷ 232 (Active + In Escrow Listings) = 25.30 months’ supply of duplexes for sale. 

• Expired = 171
• Withdrawn = 5
• Cancelled = 70

Long Beach 4-Plex’s
Closing escrow at an average of about 3.5 per month citywide, it would take well over 3 years to sell off the existing inventory of 141 four-plex’s for sale in Long Beach. 
Closed Escrows = 21 ÷ 6 mos. = 3.5 per month absorption rate
Per month absorption rate = 3.5 ÷ 141 (Active + In Escrow Listings) = 40.29 months’ supply of 4-plex’s for sale. 

• Expired = 101
• Withdrawn = 2
• Cancelled = 53

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Posted on March 4, 2008 by Laurie Manny

Long Beach Condos For Sale Under $200k-February 2008

Looking for a Deal?

Long Beach Realtors keep hearing buyers saying that they want “A Deal”.  Many investors have been sitting on the sidelines waiting for the Long Beach real estate market to drop low enough to swoop in and pick up a few great rental properties that will generate income. 

There are 29, 2 bedroom condos for sale in Long Beach, UNDER $200,000.  Many have been on the market for a long time, as is witnessed by the days on market (DOM) in the chart below; and are now price reduced into the very affordable range. 

For renters or first time home buyers this is an opportunity to own that has not existed in Long Beach for many years. 

For Long Beach investors, with a down payment of around 20%, many of these Long Beach Condos will produce the rental income you have been waiting for.

Most of these Long Beach Condos are either bank owned, forclosures or short sales. 

Do you want to make a deal?

Areas:

11 – Westside

3 – Eastside – Circle Area

4 – Downtown Long Beach – Alamitos Beach

7 – North Long Beach

TGNO – Thomas Guide Number

DOM – Days on Market

Read Also:

Downtown Long Beach Duplexes For Sale 90802 90813

Downtown Long Beach Homes For Sale 90802 90813

Downtown Long Beach Condos Market Report January 2008

Long Beach Homes-Issues for 1st Time Home Buyers

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Posted on February 28, 2008 by Laurie Manny

Buyers Specialist Position Available

Position Available – Buyers Specialist

Seeking experienced, warm and congenial addition to our rapidly growing Long Beach Real Estate team of professionals. 

The perfect candidate is a highly experienced, professional Long Beach Realtor/Buyers Specialist, seeking a steady stream of buyers to assist. 

Keen knowledge of contracts, sharp negotiating skills and a client first attitude mandatory. 5 or more years experience preferred.

If you have considerable experience and thrive working in a highly energized environment, call Laurie today to discuss the possibilities. 

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Posted on February 25, 2008 by Laurie Manny