Downtown Long Beach Condos Market Report October-November 2007

DOWNTOWN LONG BEACH CONDOS Market Report

10/1/2007 - 11/30/2007

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Posted on 2007-12-02 @ 3.47:48 pm by Laurie.Manny

Downtown Long Beach Condo Market Report-Golden Gate Square Condos-730 West 4th Street-Downtown Long Beach California-January-November 2007

Downtown Long Beach Condos-Long Beach Short Sales

 Golden Gate Square Condominiums

730 West 4th Street; Downtown Long Beach, California

 Market Report - January 1, 2007 - November 18, 2007

Built 1987 

• The Golden Gate Square Condominiums currently have 8 units available for sale; 87 average days on market.
  
• 3 one bedroom units and 5 two bedroom units, details may be viewed above.
• 3 units have closed escrow  (SOLD) this year; 50 average days on market. 
• 2 units cancelled their listings; 125 average days on market. 
• 1 listing expired; 152 days on market. 
• #306 is a short sale
• #115 is a short sale

Located in Downtown Long Beach the Golden Gate Square Condos sit on the corner of West 4th Street and Golden Avenue, directly across the street from the beautiful Cesar E. Chavez Park.  The park sits on 24.41 acres located at 401 Golden Avenue.  Park hours are Monday - Friday 9AM- 7 PM and Saturday 12- 4 PM.  Amenities include basketball court, Community Center, Playground, Weight Room, Picnic Area and Restrooms.  The park provides programs for Tiny tots, Youth and Teen Recreation and Senior Programs. 

The complex provides a gym, community room, picinic area and outdoor barbeques on the greenbelt.  This is a well run building with a cohesive HOA.  It is a really great place to live. 

This lovely condo complex is within walking distance to area beaches, the Long Beach Convention Center, The World Trade Center, the Downtown business district, Pine Avenue, area restaurants, local galleries, the East Village Arts District,  The Aquarium of the Pacific,  Rainbow Harbor and The Pike.  It is also convenient to area freeways and all area public transportation including the Metro Blue Line lightrail system.

The Laurie Manny Teams most recent sale at 730 West 4th, Unit # 303 was under contract in less than 24 hours of having been placed on the market.  Folks, it was priced right!  This unit was offered at $299,000.  We closed escrow at $303,000 with $9,000 to the buyer in closing costs.  The buyer was provided with a lock in letter and a loan commitment letter which assured both the buyer and the seller that the loan was intact.  We closed this one on time in 30 days. Represented Buyer. 

We just listed unit #306.  A very charming 2 bedroom, 2 bath with laminate wood floors throughout.  Spacious with plenty of storage space this unit is priced to sell fast.  The unit is vacant and is subject to bank approval as a short sale.  On the market for under 24 hours, priced at $260,000, the offers are already coming in on this one.  This is how it is done folks, price it right and you too can sell your Downtown Long Beach Condos.  If you are an interested buyer Laurie Manny is offering you $3,000 from the buyers side commission if you write the offer through her and close the escrow, making this a very sweet deal.  Represent Seller. 

We are all painfully aware of the changes in the real estate market and that prices have been declining not just in Downtown Long Beach, but in most places across the nation.  Prices have come down.  If you are considering selling this must be a consideration when deciding on how to price your condo for sale. 

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Posted on 2007-11-18 @ 12.47:45 am by Laurie.Manny

Downtown Long Beach Condos Market Report September 2007

DOWNTOWN LONG BEACH REAL ESTATE

Downtown Long Beach Condos

Market Report 9/1/2007 - 9/30/2007

STUDIO CONDOS

ACTIVE

There are 11 STUDIO condos currently active on the market in Downtown Long Beach, ranging in price from $145,000 to $289,000.  Ranging in square footage from 249 to 527 square feet, average Days on Market is 144.  2 of these units have a parking space.  There are ample parking lots in Downtown Long Beach to accomodate your monthly parking needs quite reasonably.

Studio Condos are reasonable purchaes for students and work well for professional office space.  Be sure to check the CC & R's for regulations, they vary from one association to another.

IN ESCROW

One Studio Condo went in into escrow durning September 2007

SOLD

No Downtown Long Beach Condos Studio Units closed escrow in September 2007.

2 Downtown Long Beach Condo Studio's Expired, DOM 152;  1 was Withdrawn from the market, DOM 340

ONE BEDROOM CONDOS

ACTIVE

There are currently 73 active one bedroom condos in Downtown Long Beach, ranging in price from $169.900 to $655,000.  Square footage ranging from 481' to 1,672' sq ft.  Average days on market is 94, one as high as 400 days on market.

IN ESCROW

7 one bedroom condos went into ecrow during September 2007.

SOLD

3 one bedroom Condos in Downtown Long Beach closed escrow (SOLD) during September 2007.  Average sale price was $268,000 up from last monts $242,500.  Average square footage 624; average days on market 1320.  Two of these units indicate a parking space was included.

1 one bedroom condo was leased and one was withdrawn after 59 days on market. 

2 BEDROOM CONDOS

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Posted on 2007-10-20 @ 9.15:30 pm by Laurie.Manny

Belmont Shore & Naples Island Market Report-September 2007

LONG BEACH CALIFORNIA REAL ESTATE

Belmont Shore & Naples Island Market Report

Includes Belmont Park

September 2007

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Posted on 2007-10-11 @ 9.04:55 pm by Laurie.Manny

Los Angeles County-Orange County CA-Sales Statistics 10/5/07

LONG BEACH REAL ESTATE

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Posted on 2007-10-11 @ 8.33:17 pm by Laurie.Manny