Long Beach California Luxury Home Market Update

Long Beach California is home to the West Coasts most affordable beach real estate.  Set in sunny Southern California we enjoy moderate temperatures year round, sweet ocean breezes and a resort atmosphere.  With our purchase prices so reasonable is it any wonder snowbirds are flocking here?  Palm Desert, 2 hours inland, is fantastic, but nothing compares to luxury oceanfront property and the beach is just more fun!

Long Beach has an endless array of entertainment to suit any lifestyle or age from water-sports to nightlife, theater and fine dining.  This is the perfect place to do everything, do nothing or to just go fly a kite!

Yes we have golf courses!  Long Beach is centrally located making access to all Southern California golf courses just a short drive.

Long Beach is conveniently located just 20 minutes south of Los Angeles International Airport (LAX), 20 minutes north of John Wayne Airport (SNA) in Irvine, and home to our own Long Beach Airport - which we love.  We are also just a 20 minute drive into Downtown Los Angeles - in case you were thinking about catching a Lakers game; attending a concert at the fabulous Staples Center or a performance at our beautiful Music Center.  Fantabulous and incomparable, 8 time Grammy award winner, Tina Turner
is performing at the Staples Center as I write this, had I known that ahead of time I would be there tonight singing along……..What’s love got to do with it? La la la… Gotta love that woman!

Did I say we were centrally located?  A 2 hour drive north will find you in beautiful Santa Barbara.  Head north just a little further and enjoy a day, or a romantic weekend, in wine country.  A leisurely drive south will take you into lovely San Diego.  Catch a Padres game or spend a day at the San Diego Zoo or perhaps SeaWorld with the family then head into the Downtown San Diego gaslight district for a delicious dinner and some relaxing down time.

Surfer? 10 minutes to surf city - Huntington Beach, where you will catch some of the finest waves on the west coast.

Long Beach is slated to become the new home of the largest movie studio in California.  A deal has been struck to take over the Boeing facility near the Long Beach airport. This will infuse new life into Long Beach and will certainly attract celebrities to our lovely waterfront homes and high rise condominiums.  How could they resist?  You never know who your new neighbor may be!

Did you know that Hollywood got its start in Long Beach?  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.

Speaking of historic districts, Long Beach has 17 of them, California Heights being the largest.  We love our historic homes here.  You can find out more about the history of Long Beach here as well.

Redevelopment in Alamitos Beach and the bustling Downtown Long Beach communities has birthed fabulous luxury high rise condominiums with endless ocean views, Manhattan style lofts and many fabulous new dining opportunities.

The luxury home market is generally a cash market.  Brian Brady’s 2009 Real Estate Market outlook predicts that disappearing jobs and financing will likely drive the price of luxury properties down in our waterfront and higher end communities.  While that is tragic for the owners of these Long Beach properties it is an incredible opportunity to purchase the Long Beach home, condo or vacation property you, the buyer has been waiting for.

The Long Beach real estate market has gone through several tumultuous years, this winter is certain to be a difficult time for sellers of Long Beach luxury homes, condos and income properties.  FHA loan limits, currently capping at $729,750 for single family home purchases are slated to be decreased to around $625,000 on January 1, 2009.  Decreasing buyer purchasing power is certain to affect prices in the mid-market range of $700,000 to about $1,000,000.

What does this mean for sellers?  If you are planning on selling, you should plan on closing your escrow before the end of the year and should price it to do so. It would be our pleasure to provide a home value assessment.

What does this mean for buyers?  This is an incredible opportunity to purchase your new home at an incredible price.

International buyers are flocking to the United States to purchase real estate at our current depressed prices, there is limited financing for foreign nationals, most are purchasing with all cash.  Long Beach prices have become very attractive to these buyers. You can start your search for Long Beach homes here.  VIP service is provided with the ability to set up custom searches with an automatic email alert system.

If you are interested in purchasing a Long Beach luxury oceanfront home or a high rise luxury waterfront condominium, this winter is the time to make that purchase. It would be our pleasure to assist you.

Long Beach California City and Relocation Resource Guide

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Posted on October 17, 2008 by Laurie Manny

Long Beach - Best Neighborhood for Walking

One of the most appealing draws to living in Long Beach CA is the walkability of many of our local neighborhoods. Well, somebody finally decided to start ranking walkable neighborhoods across the country. Walk Score has ranked 2,508 neighborhoods in 40 of the largest US cities to help buyers find walkable communities to live in.

Long Beach California has been ranked as the 8th Most Walkable Neighborhood!

1. San Francisco
2. New York
3. Boston
4. Chicago
5. Philadelphia
6. Seattle
7. Washington D.C.
8. Long Beach
9. Los Angeles
10. Portland
11. Denver
12. Baltimore

see the rest here…

Long Beach Neighborhood Walk Scores:

52% of Long Beach has a Walk Score of 70 or above.

85% of Long Beach has a Walk Score of at least 50.

15% of Long Beach lives in a Car Dependent Neighborhood.

What do these scores mean?

Here are some general guidelines to how these rankings work:

• 90-100 = Walkers’ Paradise: Most errands can be accomplished on foot and many people get by without owning a car.
• 70-89 = Very Walkable: It’s possible to get by without owning a car.
• 50-69 = Somewhat Walkable: Some stores and amenities are within walking distance, but many everyday trips still require a bike, public transportation, or car.
• 25-49 = Car-Dependent: Only a few destinations are within easy walking range. For most errands, driving or public transportation is a must.
• 0-24 = Car-Dependent (Driving Only): Virtually no neighborhood destinations within walking range. You can walk from your house to your car!

How It Doesn’t Work: Known Issues with Walk Score

Walk Score admits that Walk Score is just an approximation of walkability. There are a number of important factors that contribute to walkability which are not part of their algorithm:

• Public transit: Good public transit is important for walkable neighborhoods.
• Street width and block length: Narrow streets slow down traffic. Short blocks provide more routes to the same destination and make it easier to take a direct route.
• Street design: Sidewalks and safe crossings are essential to walkability. Appropriate automobile speeds, trees, and other features also help.
• Safety from crime and crashes: How much crime is in the neighborhood? How many traffic accidents are there? Are streets well-lit?
• Pedestrian-friendly community design: Are buildings close to the sidewalk with parking in back? Are destinations clustered together?
• Topography: Hills can make walking difficult, especially if you’re carrying groceries.
• Freeways and bodies of water: Freeways can divide neighborhoods. Swimming is harder than walking.
• Weather: In some places it’s just too hot or cold to walk regularly.

More information on how the walk score is determined can be found here.

When seeking walkable Long Beach neighborhoods nobody knows the areas better than your Long Beach Realtor. Search Long Beach Homes for sale and consult your Realtor to find out which Long Beach neighborhoods best suit your specific needs.

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Posted on July 26, 2008 by Laurie Manny

Southern California Living - Long Beach and Pasadena

The Long Beach Real Estate Home Blog is pleased to welcome guest author, Pasadena California Realtor, Irina Netchaev.

Southern California Living - Long Beach and Pasadena

Many home buyers are looking to relocate and move to Southern California to enjoy our beautiful year-round sunny weather and be close to both snow and ocean. 

The hardest question of all is whether to buy a home in a beach community like Long Beach or to find a home in a foothills city like Pasadena.

Both, Long Beach and Pasadena are excellent places to live.  Long Beach, California has a beautiful selection of homes for sale in wonderful neighborhoods like Belmont Heights where you can buy a home for around $800,000 and be a few short blocks away from the beach.

For city living at its best, but still close to the beach, then a Downtown Long Beach Condo is waiting for you.  Downtown Long Beach has gone through extensive revitalization and there are many high and low-rise condos and lofts with spectacular views which can be purchased for as little as $69,990, or for as much as $2,699,999; many of which are high rise luxury condos on the waterfront (prices based on 2 and 2+ bedroom units).  Downtown neighborhoods vary greatly in price.    

Of course, Long Beach wouldn’t be Long Beach without the Queen Mary, the Long Beach Aquarium of the Pacific, East Village Arts District, Long Beach Convention Center, Long Beach Museum of Art, and you’re just a ferry away from Catalina Island and the Port of Long Beach where all the wonderful cruise ships are waiting to take you to romantic destinations.

Long Beach is also 35^th largest city in the nation and the 5^th largest city in California.

Pasadena California is about 35 miles away from the beach, but is nestled in the San Gabriel Foothills.  If you decide to buy a home in Pasadena, you’ll be minutes from hiking trails and a short drive to the mountains where you can enjoy winter skiing.

Old Town Pasadena has also undergone an extensive revitalization over the last 10 years.  Beautiful live-work lofts are being built, as well as a nice selection of condos and townhomes are available for sale ranging anywhere between $600,000 to over $1,000,000.  Pasadena’s business center is located in the South Lake District where you can buy a 1 bedroom condo for as little as $400,000 and be steps away from great restaurants and boutiques.

Pasadena is full of historic neighborhoods and has many historically designated landmark districts like; Historic Highlands , Bungalow Heaven and Madison Heights.  Homes for sale in Pasadena are available starting at $500,000, but average closer to $955,000. 

Pasadena is known, amongst other things, for the Rose Bowl, The Tournament of Roses Parade, Norton Simon Museum, CalTech and is close to Descanso Gardens and Huntington Library.

Pasadena is the 160^th largest city in the nation and is the 6th largest city in Los Angeles County, and the main cultural center of the San Gabriel Valley.

When you are ready to start your home search next to the beach, please visit  Long Beach Real Estate Resource Center and if you want to live next to the foothills, please visit Pasadena Real Estate Resource Center for all your Southern California real estate needs.

Contributed by:  Irina Netchaev - Pasadena California Realtor with Keller Williams.  Irina specializes in selling Homes in Pasadena.

Thank you Irina!

Read Also:  2008 Tournament of Roses

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Posted on July 11, 2008 by Laurie Manny

Home and Garden Tours from Long Beach California to Buffalo New York

Home and Garden Tours from Long Beach California to Buffalo New York

Long Beach also has several public gardens for its residents to enjoy nature’s beauty:

• Rancho Los Cerritos
• Rancho Los Alamitos Historic Ranch and Gardens
• Long Beach California Japanese Garden and Koi Pond
• El Dorado Park Nature Center

Do you live in a Long Beach Condo and crave a garden of your very own? Guess what you are in luck! You too can enjoy planting a garden and growing flowers and vegetables. Conceived in 1976, the Long Beach Community Garden provides membership to Long Beach residents for just $50 a year. A grass roots organization run by its members helps keep this organization running.

The Long Beach Community Garden Association is located at 7600B E Spring Street in Long Beach, across from Animal Control. Thousands of pounds of produce from the gardens feed the less fortunate of our community through the generous donations of the members of the Long Beach Community Garden. The association invites you to their annual Tomato Festival Saturday, July 26, 2008, 11 AM - 2 PM.

• Read Also: Long Beach Organic Gardens

Not interested in the public gardening program? Want to enhance your Long Beach Condo patio? Try filling planters with flowers! Bring a little bit of garden beauty to your home. Enhance your Long Beach home by showing pride in it.

• Read also: Patio Gardening

Contributed by: Colleen Kulikowski - Buffalo NY Realtor of Hunt Real Estate ERA - specializing in Western New York Real Estate.

Thank you Colleen!

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Posted on July 10, 2008 by Laurie Manny

Selling YOUR Long Beach California Homes and Condos

The Long Beach Real Estate Home Blog is pleased to welcome guest author, Portsmouth New Hampshire Realtor, Ann Cummings.

Are you a Long Beach homeowner thinking of selling your home or condo?   

Just as correctly pricing homes in the Portsmouth NH area is super important in this market, proper pricing from the start for Long Beach condos and homes is vital as well. 

The asking price you and your professional REALTOR set on your home or condo is the single most important component of getting your home or condo sold.  We all know the  condition and the location are both key components, however the price you put on your property is the critical factor as that takes into account both location and condition. 

To help you determine the correct price for today’s market, you need the advice from a full-time experienced REALTOR.  Your Long Beach REALTOR® will use their experience, knowledge of the market place and market conditions, and their professional track record to provide you with a market proposal which will help you to both come up with a competitive position for your property.

The factors that go into determining the best competitive pricing position for your property are:

• Condition of your home or condo
• Location of your property
• Market conditions at that time
• Any repairs and/or improvements that might be needed
• Your motivation level and your time frame for selling

Your initial market position - asking price - will determine your success in getting your home or condo sold. 

If your price is too high, all the best marketing efforts in the world won’t get that property sold.  Buyers aren’t dumb, and neither are their agents - both will recognize that the price is just wrong. 

Here are some big areas of concern if your Long Beach condo or home comes on the market in the wrong pricing position:

• Those buyers who are already in the market will know right away the price is wrong - they’ve been looking and know the market.
• Area REALTORS will be reluctant to show your property because there are too many other properties to choose from that may be priced better.
• You’ll end up staying on the market longer than you would have had you priced it correctly to start with - and this will cause buyers to wonder what’s wrong with your property because it hasn’t sold yet.
• Longer stays on the market need repositioning - price adjustments - just to get showings. And extended stays on the market usually end up costing you more money in carrying costs, lost opportunities, and more. We refer to that as “Chasing the Market Down”.
• Even if you did find a buyer who, for whatever reason, chose to pay the too-high price, the bank or mortgage company’s appraiser will likely cause the sale to be re-negotiated. Lenders today are not interested at all in lending money on properties that are not priced properly for the market conditions. And this could lead to financing falling apart for that buyer who wants to buy your home.

Long Beach California REALTOR, Laurie Manny, wrote an excellent article for consumers in her Downtown Long Beach Market that applies to real estate sellers everywhere. Her article is entitled, “The 7 Dangers of Overpricing Your Long Beach Homes and Condos“, and is a great for anyone thinking of selling their home or condo.

Experienced professional REALTORS are in the know about the current market conditions - and this is the perfect reason why you should have a professional work with you to get your Long Beach CA home or condo SOLD!

Contributed by:  Ann Cummings - Portsmouth NH REALTOR of RE/MAX Coast to Coast Properties - specializing in Portsmouth New Hampshire Real Estate Homes Condos.

Thank you Ann!

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Posted on July 9, 2008 by Laurie Manny