Located at the corner of Ocean Boulevard and Linden, living at the Harbor Place Tower Luxury high rise condos places you directly in the heart of Downtown Long Beach. Find fine dining, interesting shops, the Performing Arts Center, the Promenade, Pine Avenue, Shoreline Village and the marina all within steps of your front door.
The Harbor Place Tower Condos, completed September 1992, has 22 floors (no 13th floor), 220 residential units, one commercial space plus offices, 3 levels of parking and was designed to provide many different views. Enjoy sweeping shoreline and waterfront views south to Newport Beach, the Long Beach Marina, Long Beach Harbor and the Port of Long Beach, as well as views including the Cruise Ships entering and exiting the Harbor, the Queen Mary and fantastic city lights views. Ocean view units enjoy ringside seats of Shoreline Drive, which is converted every April into the Long Beach Grand Prix Racetrack. Ocean view condos also have prime seats for the Downtown Long Beach Fireworks Display on July 4th. Enjoy the races and fireworks from the comfort of your living room or patio without dealing with the crowds. Grand Prix track map can be viewed here.
Resort style amenities and sweeping waterfront and city views……………….does it get any better than this?
Pool
Spa
Gym
Sauna
Concierge
24 hour security
Emergency helipad on rooftop
22 stories
220 residential units
1 commercial space plus offices
3 Parking Levels
Main Entrance is on Seaside Way
Ocean Boulevard Entrance is reserved for residents only
Long Beach Homes and Condos Sales and Market Update 2008
December 5, 2008
Daily the media pounds Americans with numbers, statistics and real estate market information which is general across the nation. None of these numbers are relevant to any local real estate market, they are estimates from test markets in various places and are combined numbers which we are to believe are true in all real estate markets. These numbers do not translate down to the local real estate market level and are not necessarily indicative of the Long Beach Real Estate Market.
Sales trends can change not just from state to state and city to city, but there can be vast differences in market trends at the neighborhood level in any given city. Cities are made up of many neighborhoods, some affluent, some average, some lower income. While certain neighborhoods may be plagued by foreclosures and short sales, which are continuing to drag prices down, not all neighborhoods are suffering from this malady. Some Long Beach neighborhoods, for instance, do not have many foreclosures or short sales and prices, after initial drops, have remained fairly stable since the beginning of the summer.
Long Beach Homes and Long Beach Condo Sales have steadily increased this year through October, as is reflected on the graph below. While November sales have dropped sharply, this is normal in our market and is not cause for alarm. November and December traditionally reflect reduced sales, the holidays always slow sales down. People just don’t have the time during the holiday season to shop for real estate and don’t want to list their homes during the holiday season either. This is a time for family and preparation for the upcoming holidays. This increase in sales is reflected statewide as reported by DQ News in their October Sales Report.
Little new inventory has entered the market for the last 6 weeks or so, and won’t until the beginning of the new year. After the holidays there will be a rash of new inventory for buyers to choose from. Even the banks have slowed placing new bank owned homes and condos listings onto the real estate market, holding back, presumably to take the loss in the new year.
January usually brings a surge of buyers onto the market, fueled by today’s lower prices, the new inventory interests them. If you are thinking about putting your Long Beach Home or your Long Beach Condo on the market soon, this is the time to do so. New inventory, priced to sell immediately, is welcome by buyers who have been looking for months and have not been intrigued by the current inventory of homes and condos available. Today’s buyers are not willing to overpay, if your home or condo is priced right, straight out of the gate, this could be your opportunity to sell rather quickly.
Over 80% of all home searches start on the internet. Your Long Beach home needs
to be online, and findable, when buyers begin their search. Have the
Realtors you interview show you their ability to market your Long Beach
property on the internet. Step back; pick keywords that should bring
that item to the front page of Google; keywords like Long Beach Real
Estate. Are any of the sites that your Realtor is using to promote your
property coming up at the top of the engines? No? Keep shopping. Better
yet, call the Realtors on the front page of Google, they already know
how to get there and you can cut right through the unlikely candidates.
Over 25% of all Home Buyers FIRST saw the home they purchased on the internet. If your Long Beach homes are not heavily marketed on the internet, you are missing thousands of potential buyers.
Call Laurie for all of your Long Beach Real Estate needs
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.
There are currently 8 Homes in Bluff Park Historic District For Sale, ranging in price from $750,000 to $3,499,999.
Average Price: $1,505,874
Average Days on Market:70
1 Bluff Park Historic District Home is Pending in escrow
2919 E 1st Street, a 4 bedroom 3 bath home, 2,859 sq ft, listed at $1,199,000
4 Homes in Bluff Park Historic District have closed escrow in 2008.
Average Price: $835,500
Average Days on Market: 24
RES
Status
Address
Bd
B t/f
Sty
Gar
SqFt
Yr Blt
Price
DOM
1
A
2401 E Ocean
6
6/5
S
4
5,000
2008
$3,499,999
89
2
A
2424 E 2nd
2
1/1
1
2
1,285
1910
$750,000
110
3
A
24 N Redondo
2
2/1
1
2
1,390
1916
$825,000
93
4
A
3535 E 1st
3
3/1
1
2
1,638
1919
$1,050,000
1
5
A
3039 E 2nd
4
4/3
2
2 D
2,438
1946
$1,125,000
199
6
A
2511 E 1st
5
5/1
2
1 D
3,414
1918
$1,498,000
30
7
A
2311 E 1st
5
3/1
2
2 D
2,800
1908
$1,599,000
32
8
A
3421 E Ocean
3
3/2
2
2
1,823
1936
$1,700,000
2
9
B
3513 E 2nd
3
2/1
1
2 A
1,662
1911
$699,000
134
10
P
2919 E 1st
4
3/1
2
2
2,859
1922
$1,199,000
81
11
S
2424 E 2nd
2
1/
1
2
1,285
1910
$650,000
5
12
S
2609 E 2nd
2
2/1
2
1 D
1,848
1909
$682,000
6
13
S
32 Kennebec
3
3/1
2
1 A
1,628
1911
$785,000
77
14
S
115 Paloma
4
3/
2
1 D
2,433
1913
$1,225,000
9
A = ActiveB = In escrow, accepting Back Up OffersP = Pending in EscrowS = Sold DOM = Days on Market
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 opened on 8/8/08 at exactly 8:08:08 PM.
Long Beach Own Your Owns-OYO-OYOs-in Long Beach - The
OYO-Own Your Own form of ownership is a constant source of confusion
for many buyers of Long Beach real estate. Here you will find a simple
explanation.
Downtown Long Beach Real Estate Sales-Market Update
Homes, Condos, Coops, OYOs, Income Properties
Updated: September 29, 2008
Downtown Long Beach Homes
There are 21 Downtown Long Beach Homes For Sale ranging in price from $215,000 to $1,300,000.
0 homes are for sale under $200,000
7 homes are for sale between $200,000 and $300,000
4 homes are for sale between $300,000 and $400,000
3 homes are for sale between $400,000 and $500,000
2 homes are for sale between $600,000 and $700,000
1 home is for sale at $800,000
1 home is for sale at $1,300,000
Average Price: $435,795 up slightly from last months $432,110
Average Days on Market: 160 up a bit from last months 140
There are 4 Downtown Long Beach Homes pending in escrow
1 @ $144,900
1 @ $189,900
1 @ $275,500
1 @ $350,000
Average Price: $240,075 down slightly from last months $247,250
Average Days on Market: 96 up from last months 53
There are 3 Downtown Long Beach Homes in escrow accepting back up offers.
1 @ $190,000, 997 sq ft
1 @ $219,000, 772 sq ft
1 @ $381,800, 1,764 sq ft
Average Price: $263,600
Average Days on Market: 108
5 Downtown Long Beach Homes have closed escrow in 2008.
1 @ $118,000
1 @ $184,000
1 @ $330,000
1 @ $355,000
1 @ $400,000
Average Price: $277,400 down a bit from last months $289,666
Average Days on Market: 28 up from last months 8
Downtown Long Beach Condos, Coops and OYOs
There are 166 Downtown Long Beach Condos For Sale ranging in price from $75,000 to $2,699,999.
Average Price: $408,136 down slightly from last months $410,332
Average Days on Market: 99 the same as last months 99
There are 14 Downtown Long Beach Condos in escrow accepting Back-Up offers.
Average Price: $261,644 down from last months $288,750
Average Days on Market: 118 up from last months 79
There are 28 Downtown Long Beach Condos Pending in escrow.
Average Price: $253,123 down slightly from last months $255,854
Average Days on Market: 95 same as last months 95
112 Downtown Long Beach Condos have sold (closed escrow) in 2008.
Average Price: $300,035 down substantially from last months $325,239
Average Days on Market: 90 about the same as last months 88
Downtown Long Beach Lofts
There at 30 Downtown Long Beach Lofts For Sale ranging in price from $90,000 to $798,000.
Average Price: $524,713 down a bit from last months $548,656
Average Days on Market: 173 up slightly from last months 168
There are 3 Downtown Long Beach Lofts in escrow at this time (there were none in escrow last month).
Accepting Back Up Offers
1 @ $875,000
Pending
1 @ $275,000
1 @ $505,000
8 Downtown Long Beach Lofts have sold (closed escrow) in 2008 (No change from last month).
Average Price: $559,812
Average Days on Market: 139
Downtown Long Beach Income Properties
There are 43 Downtown Long Beach Income Properties For Sale ranging in price from $239,900 (duplex) to $3,150,000 (25 units).
Average Price: $798,018 up from last months $735,611
Average Days on Market: 124 up a bit from last months 119
3 Downtown Long Beach Income Properties are Pending in escrow.
Average Price: $334,800 down substantially from last months $506,940
Average Days on Market: 46 down substantially from last months 62
2 Downtown Long Beach Income Properties are in escrow accepting back up offers. (There were no income properties accepting back up offers in Downtown last month).
Average Price: $262,400
Average Days on Market: 12
18 Downtown Long Beach Income Properties have sold (closed escrow) in 2008.
Average Price: $669,200 down substantially from last months $741,706
Average Days on Market: 99 down a bit from last months 111
Call Laurie to view Downtown Long Beach Properties
Many buyers who are searching for homes in Long Beach express interest in purchasing a "fixer upper" .
It is always interesting to hear what their idea of a "fixer upper" is. There are so many levels of fixer upper it is necessary to clarify what the buyer has in mind.
With so many Long Beach homes on the market at affordable prices one would think it should be really easy to find a home and get a great deal. So why are so many first time buyers having trouble finding a home that suits their needs at a price they can afford?
Stay up to date with Long Beach Mortgage Rates Reports. Get the latest breaking financial and real estate news. Read More>>>
FHA Loan Limits
FHA loans are available to a maximum loan of $729,750 with a minimum 3 to 3.5% down payment until January 1, 2009 when they are currently scheduled to drop the maximum loan amount to $625,000, this could change.
Current FHA Lending Limits for LOS ANGELES COUNTY (LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN AREAS):
Single Family Home or Condo : $729,750
Duplex : $934,200
Tri-plex : $1,129,250
Four-Plex : $1,403,400
Jumbo Loans are
currently requiring approximately 30% down payment and start at $729,000, also currently scheduled to drop concurrently on 1/1/09 to $625,000 unless something changes between now and then.
7 Steps to Pre-Home Purchase Preparedness
1-Choose a Lender
2-Checking Credit Scores Prior to Starting the Purchase
3-Be Pre-approved Prior to Searching
4-Have A Solid Financial Plan
5-Insist on a Lock-In Letter
6-Demand a Loan Commitment
7-Waiting to Sell Your Home
If you are relocating to Long Beach California you will need lots of information. You will be curious to know about Long Beach communities , neighborhoods and resources . We have tried to include as many area resources as possible here to make your transition a smooth one.
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