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

Alamitos Beach Condos Market Update

Ocean Boulevard Corridor Condo Sales

2008 Long Beach Real Estate Sales

January 1, 2008 - September 29, 2008

Active

There are currently 57 Ocean Blvd Corridor Condos For Sale in Alamitos Beach, many with fantastic waterfront views, some with city lights views.

• 22 condos are priced under $500,000
• 23 condos are priced between $500,000 and $1,000,000
• 11 condos are priced at between $1,000,000 and $2,000,000
• 1 condo is priced at $2,399,0000
  

• Average Price:  $732,822 down from 9/29/2008’s  $788,490
• Average Days on Market:  remains at 100 days since our last update on 9/29/08

Long Beach CA Ocean Blvd Condos For Sale

Pending

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

• 2 One Bedrooms Condos: 1 @ $229,000, 626 sq ft; 1 @ $357,000, 732 sq ft
• 3 Two Bedrooms Condos:  1 @ $299,900, 1,104 sq ft; 1@ $549,000; 1 @ $979,000, 1,550 sq ft
• 4 Three Bedroom Condos: 1 @ $549,900, 1,542 sq ft; 1 @ $629,900, 1,282 sq ft; 1 @ $799,000, 1,330 sq ft; 1 @ $1,649,000, 1800 sq ft
  

• Average Price:  $671,300 well up from last months $382,225
• Average Days on Market:79 which is well down from last months 153 
  

Back Up Offers

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

• 1 bedroom, 1 bath,706 square feet; $230,000
• 1 bedroom, 1 bath, 700 square feet; $245,000
• 1 bedroom, 1 bath, 814 square feet; $499,999
  

• Average Price:  $324,999 well down from last months $797,999
• Average Days on Market:  100 well up from last months 62
  

Closed Sales:

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

• 25 Under $500,000
• 13 Between $500,000 and $1,000,000
• 2 over $1,000,000
  

• Average Price:  $535,878 which is about the same as last months average $532,077
• Average Days on Market:  77 up slightly from last months 69
  

Cancelled

40 - Alamitos Beach Condos listed for sale on the Ocean Blvd. corridor were taken off of the market. Average Days on Market: 144

Expired

51 - Alamitos Beach Condos on the Ocean Blvd. corridor, listed for sale, expired in 2008, Average Days on Market: 159

Hold

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

Leased

5 Alamitos Beach Condos have been leased.

• 1 bedroom, 880 sq ft, $2,500
• 2 bedroom, 1,542 sq ft, $2,800
  
• 2 bedroom,1,368, $2,750
  
• 2 bedroom, 2,245, $4,900
  
• 3 bedroom, 1,400, $3,500
  

• 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

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

Alamitos Beach and Downtown Long Beach Homes For Sale

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

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
• 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

Posted on September 29, 2008 17:59:00 by Laurie.Manny

Long Beach Mortgage Rates Report: September 29, 2008

Remember I told you to sit tight on that mortgage rate lock until after the Bailout Bill was passed?

Well, it failed.

Mortgage rates are a little better than they were this morning. This morning a 30-year fixed par rate was at 6.0%; this afternoon, it was at 5.875%.  If you’re closing on your home loan in 30 days , there is more risk that you’ll get a rate over 6% than under 6%.  Lock your mortgage rate if you’re closing in October.

If you have time, wait it out.  The bailout bill failed but it isn’t dead.  If the bailout bill DOES ultimately fail, mortgage rates will skyrocket, housing prices will tank, and you’ll probably renegotiate or cancel that home purchase.

When the bailout goes through (and the whining on Wall Street will be so loud that it WILL go through), mortgage rates will come back down.

PS:  If you’re a baby boomer, this is your worst nightmare. Most of the people over 55 have most of their retirement assets in the stock market, through mutual funds in their 401-k plan.  If you’re a real estate investor or buyer, this might be really good news.

PPS: Did you know that Main Street already got bailed out? I’ll talk about that next time.

Brian Brady is a Managing Director with World Wide Credit Corporation, a San Diego-based mortgage banking and brokerage firm. Google calls him America’s #1 Mortgage Broker; you can call him at (858)-777-9751

Posted on September 29, 2008 07:59:23 by Laurie.Manny

Long Beach Condos For Sale: September 28, 2008

Long Beach Condos For Sale:  September 28, 2008

What’s available?  

YIKES! There are 539 Condos for Sale in Long Beach!

Need a little perspective?  464 Long Beach condos have sold (closed escrow) between 1/1/2008 and today 9/28/2008!  This means that it will take about 10.5 months to sell off the existing inventory of homes.  That does not take into account new listings entering the Long Beach Real Estate market. 

11 Studio condos for sale in Long Beach ranging in price from $75,000 to $497,000, square footage 215 to 527, 143 average days on market.

• 1 condo for sale in Belmont Shore
• 1 condo for sale near PCH & Bellflower
• 6 condos for sale in Downtown Long Beach
• 3 condos for sale in Alamitos Beach

Buyers are looking at these units with a new perspective lately.  Some are buying these for weekend getaways, others are using them to run small businesses from and parents have been purchasing them for students.  Be sure to check the CC&R’s to make certain that your purpose is allowed. 

160 one bedroom condos are for sale in Long Beach ranging in price from $64,000 to $740,000, square footage 471 to 2,461, 111 average days on market. 

• 2 condos for sale in Bixby Village on 7^th St.
• 2 condos for sale in Marina Pacifica Condominiums
• 1 condo for sale in Belmont Shore
• 16 condos for sale in Belmont Shore
• 1 condo for sale is actually in Lakewood
• 18 condos for sale on the Eastside
• 3 condos for sale near PCH & Bellflower
• 97 condos for sale in Downtown Long Beach and Alamitos Beach
• 9 condos for sale in Bixby Knolls
• 11 condos for sale in North Long Beach

Lowest Priced one bedroom condo for sale in Long Beach?

$64,000, 1 bedroom, 1 bath, 660 sq ft in Bixby Knolls.  But don’t go getting all excited, its not a real price folks, it’s the starting price for an auction and there are other costs involved as well.  You remember the old saying, “If it sounds too good to be true…. It’s probably too good to be true!" 

Highest Priced one bedroom condo for sale in Long Beach? 

133 N The Promenade #405 in Downtown Long Beach Condo for Sale is a 1 bedroom, 3 bath, 2,461 sq ft Penthouse, with HOA dues of $604 and central air and heat which has been on the market for a short 10 days.  This unit went on the market this time at $689,000 the price was changed the same day to $740,000.  Yes, that is curious!  This is a Short Sale believe it or not, built in 2007. City lights view.  Hmmmmmmm…………..  What? No ocean view for that price???  Can you smell another foreclosure coming? 

While only on the market for an apparent short 10 days, this property was actually recently removed from the market to be put back on as new.  Previously listed on 6/10/2008 for $950,000, reduced the same day to $789,999, then reduced to $740,000 on 9/12/2008 and removed from the market the same day. 

Can you say psychotic? 

There are 303 two bedroom Long Beach condos for sale ranging in price from $80,000 to $1,495,000. 

• 40 have 1 bathroom
• 249 have 2 bathrooms
• 14 have 3 bathrooms

• 55 indicate no parking (some of these have parking but it is not indicated on the MLS)
• 117 indicate 1 available parking space or garage
• 130 indicate 2 available parking spaces or garage combination
• 1 indicates 3 available parking spaces or garage combination

Since 3 parking spaces are so very rare here in Long Beach here is further information on that particular unit:

2121 E 1st Street #307 is 2 bedroom, 2 bath, 1,264 sq ft, HOA $183 Long Beach Condo located in the heart of the Bluff Park Historic District and is just 1 short block to the beach.   It is a Probate sale, being sold as is, and is not subject to court approval.  This unit has been on the market for 109 days, originally priced at $524,900 back on 2/13/2008, reduced several times to its current list price of $420,000. 

Since 2 bedrooms so rarely are available at anywhere near $80,000 here is further information on the 2 that are available at that incredible (realistic?) price:

3245 Santa Fe Ave #71 is a 2 bedroom, 1 bath, 730 sq ft first floor unit with a carport and HOA $215.  This is a Short Sale that has not been approved by the bank and has been on the market for 160 days. 

3265 Santa Fe Ave #138 is a 2 bedroom, 1 bath, 730 sq ft, HOA $185, no parking indicated which is likely incorrect.  This unit is a bank owned foreclosure and has been on the market for 51 days. 

I found an interesting blog in Virginia about Condo ownership which you might want to read. 

Home or Condo Buyer Information:

• Home Buyer Information
• Long Beach Home Search-Where do I start?
• Home Buyer Tips - Don’t Make Any Major Purchases 
• Home Buyers Tips - Changing Jobs Affects Your Ability to Purchase a Home 
• Long Beach Home Buyer Tips - Things to Avoid Before Purchasing a Home

Long Beach Condos For Sale

• Long Beach Condos For Sale $1,500,000 and higher
• Long Beach Condos For Sale $1,000,000 to $1,500,000
• Long Beach Condos For Sale $900,000 to $1,000,000
• Long Beach Condos For Sale $800,000 to $900,000
• Long Beach Condos For Sale $700,000 to $800,000
• Long Beach Condos For Sale $600,000 to $700,000
• Long Beach Condos For Sale $500,000 to $600,000
• Long Beach Condos For Sale $400,000 to $500,000
• Long Beach Condos For Sale $300,000 to $400,000
• Long Beach Condos For Sale Under $300,000

Naples Island and Belmont Shore Luxury Condos For Sale

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

Belmont Heights Condos For Sale

• Belmont Heights Condos For Sale $300000 to $400000
• Belmont Heights Condos For Sale $400000 to $500000
• Belmont Heights Condos For Sale $500000 to $600000
• Belmont Heights Condos For Sale $600000 to $800000

Related Posts:

• Belmont Heights Neighborhood of Long Beach California Resource Guide
• Belmont Heights Neighborhood Market Report
• Long Beach - Best Neighborhood for Walking
• Space Saving Ideas for your Long Beach Homes
• Selling YOUR Long Beach California Homes and Condos
• Long Beach California Beach Communities - Area Information
• About Long Beach California
• Relocating to Long Beach California-Resource Guide

Posted on September 28, 2008 00:36:14 by Laurie.Manny

Belmont Heights Condo For Sale-3935 E Livingston Dr-Long Beach Real Estate For Sale

Belmont Heights Condo For Sale

Long Beach California Real Estate

PEEK-A-BOO OCEAN VIEWS

Enjoy beach living at the “Pacific Ocean Condos” in the Belmont Heights neighborhood of Long Beach California, just adjacent to Belmont Shore. 

Light and airy Belmont Heights Condo is a front corner upper unit with a nice open floor plan, hardwood floors and a wide expanse of windows to enjoy peek-a-boo ocean views and sultry ocean breezes. 

Located within a short walk of Belmont Shore shops and restaurants this lovely Long Beach condo is just 2 short blocks to the sand and the Belmont Pier.  Walk over to the Belmont Brewing Company for a great sunset dinner or to La Palapa for dinner and light entertainment.  Head into the very trendy Belmont Shore for shopping, entertainment and the many great restaurants on Second Street or walk up to Broadway for a fantabulous java fix at the Library Café, it’s all just a short walk from home.  Not in the mood to go out?  Swing by the nearby newly renovated Vons supermarket and pick up fixings to barbeque on the patio for a nice quiet dinner at home. 

• 2 Bedrooms (Front Bedroom has Peek-A-Boo Ocean Views)
  
• 1 Bath
• 969 Sq Ft
• Built 1952
• HOA $173
• Living Room (has Peek-A-Boo Ocean Views)
  
• Dining Room (Peek-A-Boo Ocean Views)
  
• Large Kitchen with lots of Windows (Peek-A-Boo Ocean Views)
• Hardwood Floors
• Crown Molding
• Central Heating
• Air Conditioning in Living Room
• Newer Triple Pane Windows
• Kitchen features corian countertops
• Ceiling fans
• Private garage
• Window Coverings

This great Belmont Heights Condo has 2 large common area patios, one in the private interior of the complex and another adjacent to this unit.  Catch some rays, barbeque, read a book or enjoy the fireworks and ringside seats to Ocean Blvd parades, marathons and other events without leaving home.  None of the other owners use the large upper deck adjacent to this condo at this time, so it is like having your own. 

Just a couple of short blocks to the beach; walk down to enjoy one of our beautiful sunsets, take a walk on the beach, or bike into Downtown Long Beach on the bike path. 

This complex is comprised of 8 condominium units, built in the 1950’s retro style, these units are very appealing.  Most have separate entrances and are quite private from each other. 

Many homes and condos close to the ocean, here in Long Beach, do not have air conditioning; we just don’t need it most of the time.  This condo does have a wall unit air conditioner in the living room, which the seller plans to leave for the new owner.   The seller will also be leaving all window coverings. 

Have you been dreaming about moving down to the beach?  Are you craving clean ocean air?  Looking for a walk-able neighborhood?  Long Beach offers some of the friendliest, desirable and most affordable beach living in all of Southern California. 

Long Beach waterfront neighborhoods surrounding the bay:  

• Downtown Long Beach
• Alamitos Beach
• Bluff Park
• Belmont Heights
• Belmont Shore
• Naples Island
• The Peninsula
• Spinnaker Bay
• Marina Pacifica

If you are thinking about Relocating to the Long Beach area you will find this Relocation and City Resource Guide very helpful. 

This lovely condominium is being offered at $409,000. 

This is NOT a short sale and it is NOT bank owned, it is a conventional sale and is priced to sell.  It is the lowest priced 2 bedroom condo, with any kind of ocean view, currently on the market in the Belmont Heights and Belmont Shore neighborhoods. 

Co-listed with Wendy Rich-Soto

Call Laurie (562) 212-5420 or Wendy (562) 606-4040 today to view this lovely Belmont Heights Condo. 

View Larger Map

Home Buyer Information:

• Home Buyer Information
• Long Beach Home Search-Where do I start?
• Home Buyer Tips - Don’t Make Any Major Purchases 
• Home Buyers Tips - Changing Jobs Affects Your Ability to Purchase a Home 
• Long Beach Home Buyer Tips - Things to Avoid Before Purchasing a Home
  

Related Posts:

• Belmont Heights Neighborhood of Long Beach California Resource Guide
• Belmont Heights Neighborhood Market Report-Long Beach California Real Estate
• Long Beach - Best Neighborhood for Walking
• Space Saving Ideas for your Long Beach Homes
• Selling YOUR Long Beach California Homes and Condos
• Long Beach California Beach Communities - Area Information
• About Long Beach California
• Relocating to Long Beach California-Resource Guide
• Belmont Pier - Long Beach California

Posted on September 24, 2008 17:59:57 by Laurie.Manny

California Heights Cancels 2008 Annual Home and Garden Tour - Long Beach California

The California Heights Historic District has decided to cancel this years 12th annual Home and Garden Show and postpone it until October 2009. 

Few are unaffected by the events leading to the current condition of our economy, this wonderful event is no exception.  Homeowners have postponed projects that would otherwise have been completed before placing their homes on the tour.  Attendees who would normally take the tour for improvement and restoration ideas are placing home improvements on hold and are finding themselves on restricted budgets due to inflating gas and food costs as well as, in some cases, large overhead costs due to increased mortgage payments, none of which bode well for anticipated attendance. 

The event has traditionally provided funds for projects in and around the California Heights Historic District and will be sorely missed. 

Are you considering a move to the lovely California Heights Historic District?  Here are several home searches for your quick reference:

California Heights Homes For Sale

• Bixby Knolls and California Heights Homes For Sale $500000 or less
• Bixby Knolls and California Heights Homes For Sale $500000 to $600000
• Bixby Knolls and California Heights Homes For Sale $600000 to $700000
• Bixby Knolls and California Heights Homes For Sale $700000 to $800000
• Bixby Knolls and California Heights Homes For Sale $800000 to $900000
• Bixby Knolls and California Heights Homes For Sale $1000000 to $1200000
• Bixby Knolls and California Heights Homes For Sale from $1200000

Posted on September 17, 2008 19:36:29 by Laurie.Manny