Belmont Shore Real Estate Market Report-2008-Belmont Park-Naples Island-Marina Pacifica-Long Beach California Real Estate

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Belmont Shore Real Estate Market Report

Including Belmont Park, Naples Island and Marina Pacifica

Homes, Condos and Income Properties

Long Beach California

Last Updated 8/22/2008

 

Belmont Shore boundaries: North - Broadway East - Bay Shore South - The Ocean West - Livingston Drive

Belmont Park boundaries: North - Monrovia Avenue East - Marine Stadium South - Broadway West - Bay Shore

Naples Isand boundaries: North - Belmont Park East - Marina Pacifica South - The Peninsula West - Belmont Shore

About Belmont Shore and Naples Island California

Long Beach Homes For Sale in Belmont Shore, Belmont Park and on Naples Island

 

There are currently 95 Long Beach homes for sale in Belmont Shore, Naples Island and Belmont Park.

• 2 homes are for sale between $500,000 and $600,000
• 3 homes are for sale between $600,000 and $700,000
• 10 homes are for sale between $700,000 and $800,000
• 12 homes are for sale between $800,000 and $900,000
• 9 homes are for sale between $900,000 and $1,000,000
• 30 homes are for sale between $1,000,000 and $1,500,000
• 15 homes are for sale between $1,500,000 and $2,000,000
• 7 homes are for sale between $2,000,000 and $3,000,000
• 6 homes are for sale between $3,000,000 and $4,000,000
• 1 home is for sale at $5,500,000

 

• Average Price: $1,564,786
• Average Days on Market: 114

 

Search homes for sale in Belmont Shore, Belmont Park and on Naples Island

 

• Belmont Shore-Naples Island Homes For Sale under $1000000
• Belmont Shore-Naples Island Homes For Sale $1000000 to $2000000
• Belmont Shore-Naples Island Homes For Sale $2000000 and up
• Bay Harbour Homes For Sale

 

 

 

There are currently 19 homes pending (in escrow) in Belmont Shore, Belmont Park and on Naples Island.

 

• 6 Homes are accepting Back-Up offers.
• 13 Homes are pending

 

Back-Up Offers:

• Average Price: $1,286,983
• Average Days on Market: 84

Pending Offers:

• Average Price:$1,311,130
• Average Days on Market: 81

 

 

46 homes closed escrow (SOLD) in Belmont Shore, Belmont Park and on Naples Island in 2008.

 

• Lowest Price Home Sold: $625,000
• Highest Price Home Sold: $4,450,000

• Average Price: $1,171,889
• Average Days on Market: 66

 

42 Homeowners Cancelled their Listings

• Average Price: $1,395,220

• Average Days on Market: 147

1 Homeowner Withdrew their home from the market

• Average Price $1,250,000

• Average Days on Market: 68

37 Listings Expired

• Average Price: $1,193,391

• Average Days on Market: 155

 

 

 

 

Long Beach Condos For Sale in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica

 

There are currently 23 Long Beach Condos for sale in Belmont Shore, Naples Island, Belmont Park and Marina Pacifica

• 3 for sale between $200,000 and $300,000
• 7 for sale between $300,000 and $400,000
• 3 for sale between $400,000 and $500,000
• 5 for sale between $500,000 and $600,000
• 2 for sale between $600,000 and $700,000
  
• 1 for sale at $795,000
• 1 for sale at $1,249,000
• 1 for sale at $1,495,000

• Average Price: $531,386
• Average Days on Market: 109

Search Condos for sale in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica

• Belmont Shore and Naples Condos For Sale

• Marina Pacifica Condos for Sale

 

 

 

There are currently 9 condos in escrow in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica.

 

• 7 condos are accepting Back-Up offers.
• 2 condos are pending

 

Back-Up Offers:

• Average Price: $541,628
• Average Days on Market: 113
  

Pending Offers:

• Average Price:$407,450
• Average Days on Market: 28
  

 

 

31 condos have closed escrow (SOLD) in Belmont Shore, Belmont Park, Naples Island and Marina Pacifica in 2008.

 

• Lowest Price Condo Sold: $225,000
• Highest Price Condo Sold: $735,000

• Average Price: $513,912
• Average Days on Market: 85
  

 

18 Homeowners Cancelled their Listings

• Average Price: $535,622

• Average Days on Market: 126
  

1 Homeowner Withdrew their home from the market

• Average Price $439,000

• Average Days on Market: 39
  

 

22 Listings Expired

• Average Price: $591,895

• Average Days on Market: 182
  

 

 

 

 

 

Long Beach Income Properties For Sale in Belmont Shore, Belmont Park and Naples Island

 

There are currently 21 Long Beach Income Properties for sale in Belmont Shore, Naples Island and Belmont Park.

 

• 10 are duplexes
• 6 are triplexes
• 2 are four-plexes
  
• 1 has 9 units
• 1 has 10 units
• 1 has 23 units

 

• Lowest Price: $789,900
• Highest Price: $6,950,000
  

• Average Price: $1,946,614
• Average Days on Market: 138
  

Search Income Properties for sale in Belmont Shore, Belmont Park and Naples Island

 

• Belmont Shore-Naples Island Income Properties For Sale-Long Beach Real Estate

 

 

There are currently 3 income properties in escrow in Belmont Shore, Belmont Park and Naples Island.

 

• 2 income properties are accepting Back-Up offers.
• 1 income property is pending.

 

Back-Up Offers:

• Average Price: $881,500
• Average Days on Market: 124
  

Pending Offers:

• Average Price:$1,699,000
• Average Days on Market: 142
  

 

 

12 income properties have closed escrow (SOLD) in Belmont Shore, Belmont Park and Naples Island in 2008.

 

• Lowest Price income property Sold: $849,500
• Highest Price income property Sold: $3,500,000

• Average Price: $1,734,041
• Average Days on Market: 135
  

 

5 income property owners Cancelled their Listings

• Average Price: $1,226,560

• Average Days on Market: 246
  

1 income property owner Withdrew their property from the market

• Average Price $849,500

• Average Days on Market: 0
  

16 Listings Expired

• Average Price: $1,214,306

• Average Days on Market: 218
  

 

 

*All statistics are as represented by the MLS and are not to be interpreted as the representations of the author.

http://www.lauriemanny.com/0041D6

Bluff Park Historic District Neighborhood Market Report - Long Beach CA Real Estate Sales

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Bluff Park Historic District Market Report

Homes, Condos and Income Properties

Long Beach CA Real Estate Sales - 2008

Updated 8/8/2008

 

The Bluff Park Historic District Boundaries are:

 

• East 2nd Street to the North
• Loma Avenue to the East
• East Ocean Boulevard to the South
• Junipero Avenue to the West

• Bluff Park Historic District Map PDF

Bluff Park Historic District is a small, very upscale neighborhood which contains some of Long Beach's most dignified homes. The historic district includes a variety of architectural styles, including Greene and Greene, American Craftsman, California Bungalow, Spanish Revival, Prairie Style, American Colonial Revival, Tudor and Mediterranean, constructed between 1903 and 1949.

 

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.

Read Also:

• Long Beach California Beach Communities
• History of Long Beach California
• Long Beach CA Historic Homes and Districts
• THE MILLS ACT

 

 

Bluff Park Historic District Homes - Sales 2008

 

There are currently 6 Homes in Bluff Park Historic District For Sale, ranging in price from $699,900 to $3,875,000.

• Average Price: $1,448,983
  
• Average Days on Market: 69

4 Homes in Bluff Park Historic District have closed escrow in 2008.

• Average Price: $835,500
• Average Days on Market: 24
  

 

 

RES	Status	Type	Address	Address	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	A	SFR	2401 E Ocean Blvd	2401 E Ocean Bl	6	6/5	S	4	5,000	2008	$3,875,000	32
2	A	SFR	3513 E 2nd St	3513 E 2nd St	3	2/1	1	2 A	1,662	1911	$699,900	81
3	A	SFR	2424 E 2nd St	2424 E 2nd St	2	1/1	1	2	1,285	1910	$750,000	53
4	A	SFR	24 N Redondo Ave	24 N Redondo Ave	2	2/1	1	2	1,390	1916	$925,000	36
5	A	SFR	3039 E 2nd St	3039 E 2nd St	4	4/3	2	2 D	2,438	1946	$1,195,000	142
6	A	SFR	2919 E 1st St	2919 E 1st St	4	3/1	2	2	2,859	1922	$1,249,000	0
7	S	SFR	2609 E 2nd St	2609 E 2nd St	2	2/1	2	1 D	1,848	1909	$682,000	6
8	S	SFR	2424 E 2nd St	2424 E 2nd St	2	1/	1	2	1,285	1910	$650,000	5
9	S	SFR	32 Kennebec Ave	32 Kennebec Ave	3	3/1	2	1 A	1,628	1911	$785,000	77
10	S	SFR	115 Paloma Ave	115 Paloma Ave	4	3/	2	1 D	2,433	1913	$1,225,000	9

 

Today on 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 are due to open today on 8/8/08 at exactly 8:08:08 PM.

 

 

Just Sold

 

 

Bluff Park Historic District Closed Sale 8/8/08

2609 East 2nd Street Long Beach, CA 90803 2 Short Blocks to the Beach Craftsman Home 2 Story 2 Bedroom 2 Bath 1,848 Square Feet 4,785 Sq Ft Lot 2 Car Garage + Driveway Beautifully Landscaped Great Floorplan Formal Entry Hardwood Floors Plantation Shutters French Doors to Rear Deck Private Back Yard Formal Dining Room Office (3rd Bdrm?) Den (4th Bdrm?) Front Porch Large Wood Burning Fireplace High Coved Ceilings with Detail Basement Lots of Storage

Buyer Represented by Laurie Manny (562) 212-5420

Offered at: $679,000 Sold at: $682,000

Tale of the Sale

Bluff Park Historic District Condos-Coops-OYOs - Sales 2008

 

There are 8 Bluff Park Historic District Condos For Sale and 1 OYO ranging in price from $250,000 to $774,900.

• Average Price: $504,955
• Average Days on Market: 141
  

2 Bluff Park Historic District Condos are accepting Back-up Offers

• Average Price: $324,825
• Average Days on Market: 78
  

8 Bluff Park Historic District Condos have closed escrow in 2008.

• Average Price: $521,250
• Average Days on Market: 127
  

 

RES	Status	Type	Address	Bd	B t/f	Sty	Gar	SqFt	Yr Blt	Price	DOM
1	A	OYO	2225 E 2nd St 1	1	1/1	1	0	524	1921	$250,000	31
2	A	CONDO	2204 E 1st 4	1	1/1	2	1	714	1962	$252,900	39
3	A	CONDO	2101 E 2nd 404	2	2/1	1	2	985	1968	$399,000	189
4	A	CONDO	2601 E Ocean Blvd 608	1	1/1	1	1	672	1973	$424,900	178
5	A	CONDO	2601 E Ocean Blvd 203	2	2/2	3	1	1,020	1973	$479,900	101
6	A	CONDO	2601 E Ocean Blvd 407	2	2/2	1	1	1,008	1973	$585,000	478
7	A	CONDO	2999 E Ocean Blvd 130	2	2/1	1	1	1,510	1967	$679,000	127
8	A	CONDO	2999 E Ocean Blvd 430	2	2/1	1	1 D	1,510	1967	$699,000	85
9	A	CONDO	2999 E Ocean Blvd 310	2	2/2	1	1	1,510	1967	$774,900	37
10	B	CONDO	2662 E2nd St G2	2	2/1	1	1	1,298	1966	$469,750	56
11	B	CONDO	2222 E 2nd St 10	0	1/1	1	0	424	1955	$179,900	100
12	S	CONDO	2131 E 1st St 202	1	1.5/	3	0	979	1975	$325,000	105
13	S	CONDO	2302 E 2nd St H-2	2	2/1	1	1	1,233	1964	$415,000	77
14	S	CONDO	2601 E Ocean Bvd 810	1	1/1	1	1 D	680	1973	$400,000	364
15	S	CONDO	2100 E 2nd St 305	2	2/	1	1 A	1,132	1966	$425,000	136
16	S	CONDO	2204 E 1st St 9	2	2/	1	1	1,193	1962	$460,000	28
17	S	CONDO	2319 E 2nd St 3	2	2/2	1	2 A	1,167	1980	$420,000	50
18	S	CONDO	3101 E 2nd St 4C	3	2/	1	1 D	1,481	1963	$475,000	251
19	S	CONDO	3305 E Ocean Blvd 201	3	3/3	2	2	2,300	1986	$1,250,000	5

 

 

Bluff Park Historic District Income Properites - Sales 2008

 

There are no income properties available at this time in the Bluff Park Historic District.

3 Bluff Park Historic District Income Properties Sold in 2008, ranging in price from $1,599,000 to $1,615,000

• Average Price: $1,604,666
• Average Days on Market: 69
  

 

RIN	Status	Units	GSI	Cap	GRM	Net Inc	Address	Yblt	Bldg SF	Price	DOM
1	S	5	$104,940	6.25%	15.24	$100,000	3065 E 2nd St	1968	6,050	$1,599,000	131
2	S	5	$124,200	0%	13.52	$0	15 Loma Ave	1936	8,190	$1,615,000	53
3	S	8	$130,200	5.15%	13.44	$90,200	3417 E 2nd St	1964	7,435	$1,600,000	24

 

*All statistics are as represented by the MLS and are not to be intrerpreted as the representation of the author.

 

Call Laurie today to view any Bluff Park Historic District properties.

 

 

Laurie Manny Long Beach Realtor (562) 212-5420
Prudential Calfornia Realty Bixby Knolls/California Heights Historic District 3728 Atlantic Avenue Long Beach, CA 90807
Long Beach Real Estate Blog Long Beach Real Estate Website

 

http://www.lauriemanny.com/004028

Words that Sell Homes - Long Beach Real Estate

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Sticks and stone will break my bones but words will never hurt me!

Really?  Are you certain?  OK, let's re-think that for a moment. 

 

Has your Long Beach home been sitting on the market for a while?  Not getting a good response to your advertising?  Maybe it needs a little punch. Ann Brenoff of the Los Angeles Times put together an article a while back which may come in handy. 

 

If you use the words "Motivated Seller" your home will take 15% longer to sell and will net 4% less: "Good Value" will net 5% less. 

 

Homes described as "Beautiful" sell 15% faster and net 5% more in price than the norm.  "Handyman Special" sold in half the average time. 

 

However, if you use words that indicate "Curb Appeal" or indicate that the home is attractive the days on market are decreased; speaking of "Value" or "Price" will increase the days on market. 

 

These discoveries were made by Canadian professor, Paul Anglin who teaches real-estate and housing trends at the University of Guelph in Ontario, Canada, during a study of sales patterns while utilizing the wording of over 20,000 Canadian home listings. 

 

Professor Anglin further discovered that buyers place style over substance. 

Words that help sell a home:		Words that hurt:
Handyman special		Motivated seller
Curb appeal		Good value
Move-in condition		As-is
Landscaping		Clean
Granite		Quiet
Gourmet		New paint
Golf

When the "Landscaping" of a listing was presented homes sold 20% faster.  "Move In Condition" resulted in 12% shorter stay on the market, but had no effect on the sale price.

Use of terms "Foreclosure", "As-is", and "Handyman Special" netted much lower sale prices.  While use of "Granite", "Maple" and "Gourmet" all netted higher sales prices. 

Professor Rutherford, finance and real-estate professor of the University of Texas found, in a 2000 study that "What you say needs to be extavagant, or the signal that is received by buyers is that it's not worth talking about."  He further said that sellers would be best served by just stating the facts. 

 

 

http://www.lauriemanny.com/003F8B

Long Beach - Best Neighborhood for Walking

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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:

	Neighborhood	Score
1	Downtown Long Beach	87
2	Belmont Shore	83
3	Belmont Heights	82
4	Bixby Knolls	81
5	East Side	81
6	Park Estates	78
7	Alamitos Heights	77
8	Circle Area	76
9	Lakewood Village	74
10	Naples Island - Marina Area	74
11	California Heights Historic District	73
12	Poly High District	73
13	Los Altos	71
14	City of Signal Hill	68
15	Wrigley	66
16	Bixby	63
17	El Dorado Park	62
18	Los Cerritos	62
19	City College Area	58
20	North Long Beach	55
21	Airport Area	55
22	State College Area	54
23	West Side	54
24	The Plaza	53
25	North West Long Beach	44
26	Wilmington	29

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.

 

 

 

 

 

http://www.lauriemanny.com/003F27

Feng Shui Influences How Bay Area Houses Are Priced

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Feng Shui Influences How Bay Area Houses Are Priced

---

The Long Beach Real Estate Home Blog is pleased to welcome guest author, San Mateo California Realtor, Leonore Wilkas of The Wilkas Group. 

---

 

Living on the San Francisco Peninsula as I do, with our large Asian population, we find all kinds of Asian influences creeping into our daily lives. One of the biggest is Feng Shui, a Chinese mysticism of sorts, where it is believed that your life can improve by doing little things within your living environment through the placement of furniture, artwork, or even the front door of a house. It's a serious business around here with many experts helping Realtors and non-Asians prepare their houses for sale so that the house will sell quickly.

Having harmony in life promotes wealth, prosperity, good health, and chi - the movement of the air around you. The Chinese are superstitious people. If they believe the Feng Shui is bad at a property, they will not look at it, or seriously consider buying it unless they think the bad Feng Shui can be over come.

Numbers play a big influence in Feng Shui

 

Certain numbers can prevent someone from even considering a property unless they can have a Feng Shui master come and correct the chi of the house. In our area, the number 8, believed to mean wealth, is often seen within the listing price of a home. Asians believe that numbers can create harmony within the house. If the price of the home reflects certain numbers such as 1, 6, or 8, it is considered to be positive so it's very common to price homes with the number 8 somewhere in the price, for example you might see a house listed at $618,988, $888,888 or $1,886,688. The worst numbers to use are 2 and 5 and if I, as an agent, want to attract a buyer who follows Feng Shui, I will avoid them, if I can.

 

But, that's only part of the issue with numbers. What do you do if the house number is considered bad Feng Shui? What if the numbers are really bad like 4, 13, 24, or 104? You can't exactly change them, can you? No, not if you're trying to sell the house, so you must use little Feng Shui tricks to provide protection to the property.

 

Have you ever noticed houses with two large lion-type animals sitting at the front entrance to a house in your neighborhood or city? These are called Foo dogs and they're placed there to protect the house from bad chi.

 

If you're unlucky enough to have house numbers that are considered bad chi you place a circle around your house numbers and protect the chi.

 

When you see wind chimes anywhere near the entrance of a house, it is considered good luck. Is there a birdbath or water feature somewhere in the front or back yard? They may be trying to improve the chi, or energy, of the house.

The power of Feng Shui is believed in by a whole lot of people on this planet. Many other cultures have similar beliefs. The Japanese and Indians also look at numerology in their daily lives. Japanese like odd numbers like 3, 5 and 7. The Indians believe in a Destiny number that is the total number for your birthday. If you were born on March 1^st, 1968, the numbers would be written out like this: 03.01.68 = 18, 1+8 = 9, and 9 would be your Destiny number. Numerology has been around for thousands of years and is believed by millions of people.

What are the lucky numbers for Feng Shui?

Read more »

http://www.lauriemanny.com/003E7F