Downtown Long Beach Stock Co-operatives

 Downtown Long Beach Stock Co-op

100 Atlantic Avenue - Market Report

Long Beach Stock Co-operatives

What the heck is a co-op?

Why would I want to own one?

Downtown Long Beach is home to several stock co-operatives referred to more commonly as co-ops.  When you purchase a stock co-op you receive a stock certificate instead of a traditional deed. 

Purchasing a stock co-op means that you become a stock holding member, sharing in a common interest in the corporation, with an exclusive right to occupy a particular unit.  This is accomplished in the form of a long term lease from the corporation.  The common areas in a co-op are owned by the corporation.  Unlike a condo where you would own the actual unit and a joint interest in the common areas.  An introduction to and history of co-operatives can be found here. 

Traditionally stock co-operatives have been more affordable than the more common condominium purchase, one of the reasons being the difficulty in acquiring financing.  Banks are not overly fond of funding co-operative loans and usually require a substantial down payment of 10%, sometimes 20% before they will consider the loan.  Even then only a very limited of banks are willing to make this kind of investment.  

Downtown Long Beach is home to the 100 Atlantic Avenue Tower.  Set in the East Village Arts District and just one block from Ocean Blvd. this 11 story tower sits in one of the best locations in Downtown, a literal urban paradise.  

A short walk to area galleries, restaurants, novelty stores and coffee shops, to Pine Avenue, The Pike, Shoreline Village or browse on over to Hamburger Marys for a great lunch.

Read more »

Posted on January 27, 2008 00:47:41 by Laurie.Manny

Redesign Home Staging for Your Long Beach Homes

Tips for Selling Your Long Beach Homes

Let's talk about the difference between Vacant Home Staging and the Redesign of your Long Beach Homes. Redesign Home Staging is transforming an occupied home into a desirable place your buyer can see themselves living in.  Many homeowners do not see the mess and chaos that can take over homes, and most real estate agents do not want to offend or insult their client by suggesting they clean it up.


A professional Long Beach Realtor explains to the seller that Home Staging will transform their home to appear more cohesive and appealing to potential buyers.  Buyers will view the home as well maintained; this home will stand out from other Long Beach homes for sale. 
 

At a professional home stager it has always been difficult to enter a home and stop myself from cleaning it up, organizing some part of a room or wanting to paint the walls a different color.   All three of these points - clean, organized and light and bright play a really big part in getting your home ready for sale. 

What can a Professional Home Stager do for YOU?

A Home Staging Professional will ask that you pack away personal photos, awards and certificates or religious items first, de-clutter and organize cupboards, drawers and closets and other unnecessary items.  We recommend having a garage sale before you list your home. It doesn't make sense to move clutter to the garage.  Besides, why move what you don't need?  Painting your walls to appeal to the larger audience of buyers is highly recommended if the paint color on your walls doesn't really suit the room or detracts from the structure of your home.  Whenever possible all repairs to walls, floors, plumbing and electrical should be taken care of too; see your home through the buyers' eyes.


After all suggested pre-staging is completed, furniture is rearranged to accent the room's architecture, windows and doorways.  Accessories are used, and in some cases rental furniture may be needed, but in Home Staging keep in mind, "less is more."  It is typical to see only a loveseat and chair, end table with a lamp and a cocktail table with accessories to complete a staged living room.  (In the home staging consultation these suggestions are given to you for a DIY or hire us back to complete the rearrangement.)

Read more »

Posted on January 26, 2008 05:46:29 by Laurie.Manny

Alamitos Beach Condo Market Report-January-December 2007- Ocean Boulevard Corridor

Alamitos Beach Condos Market Report

Ocean Boulevard Corridor - January - December 2007

Active

There are currently 57 Ocean Blvd Corridor Condos in Alamitos Beach for sale. 

Pending

3 Condos are in escrow :

• 1 bedroom, 1 bath, 296 sq ft, $195,000, on the market for 9 days.
• 2 bedroom, 2 bath, 1,080 sq ft, $374,999, on the market for 69 days.
• 1 bedroom, 1 bath, 841 sq ft, $379,000, on the market for 192 days. 
  

Back Up Offers: 

2 Condos are in escrow accepting backup offers:

• 1 bedrom, 1 bath, 487 sq ft, $399,000, on the market for 44 days.
• 3 bedroom, 2 bath, 1,400 sq ft, $1,299.000, on the market for 18 days.
  

Closed Sales: 

63 Alamitos Beach Condos along the Ocean Blvd Corridor closed escrow Jan.-Dec. 2007:

• Average Price: $709,511
• Average Days on Market:  81
  
• Sold for 95.18% of Listing Price. 
  

Singles

5 Alamitos Beach Condos closed escrow in 2007, square footage ranging from 300 - 702 :

• Average Price:  $309,702
• Average Days on Market:  93
• Sold for 91.94% of Listing price.

One Bedroom

17 Alamitos Beach Condos closed escrow in 2007, square footage ranging from 616 - 880:

• Average Price: $438,223
• Average Days on Market: 53
• Sold for 96.75 of Listing price.

Two Bedrooms

24 Alamitos Beach Condos closed escrow in 2007, square footage ranging from 958 - 2,100: 

• Average Price:  $747,641
  
• Average Days on Market:  101
  
• Sold for 93.80% of Listing Price.

Three Bedrooms

17 Alamitos Beach Condos closed escrow in 2007, square footage ranging from 1,202 - 3,064:

• Average Price: $1,044,558
• Average Days on Market: 78
• Sold for 96.50% of Listing Price.

Read more »

Posted on January 20, 2008 13:10:53 by Laurie.Manny

Staging Your Long Beach Homes

We are very pleased to welcome Diane Concialdi of DC Redesign to the Long Beach Real Estate Home Team.  Diane brings a fresh perspective on preparing your Long Beach Homes for sale through Home Staging.  Home Staging is often misunderstood and assumed to be highly expensive, which is not always true. Please join me in welcoming Diane to the team, we encourage your comments. 

Staging Your Long Beach Homes

 
Hi everyone!  This series of articles will be a continuing education for Long Beach homeowners and Realtors designed to help you comprehend the importance of Staging your Long Beach Homes.  I'm sure many are confused about the steps to hiring or using a Home Stager and the many different techniques used to Home Stage or Redesign.  

You may know already that Home Staging has become a necessary step in selling your Long Beach homes in today's market.  The importance is equal to the Realtor, Home Inspector, Escrow, Title and Loan Company. 

Read more »

Posted on January 18, 2008 03:06:44 by Laurie.Manny

Downtown Long Beach Condos Market Report-2007-January-December

Downtown Long Beach Real Estate Condo Sales Market Report

January - December 2007

For the area bounded:

• on the North by Anaheim
• on the East by Alamitos
• on the South by the Sea
• on the West by the LA River

Single Downtown Long Beach Condos:

We close the year out with 9 single condos in Downtown Long Beach active on the market, ranging in size from 249 - 527 square feet.

• Average price:  $205,632
• Average Days on Market:  166

10 single units closed escrow in 2007:

• Average price:  $212,690
• Average days on Market:  132

One Bedroom Downtown Long Beach Condos: 

There are 59 one bedroom condos currently active on the market in Downtown Long Beach, ranging in size from 522 - 1,740 square feet.

• Average Price: $314,156
• Average Days on Market:  105

2 one bedroom condos are in escrow taking back up offers, average listing price of $196,950, average days on market 40.

5 one bedroom condos are pending-in escrow, average listing price of $303,779, average days on market 88. 

7 one bedroom condos were leased, average rent of $1.441, days on market 107.

1 one bedroom condo is on hold.

60 one bedroom condos closed escrow in 2007:

• Average Price:  $292,788
• Average Days on Market:  94

Two Bedroom Downtown Long Beach Condos:

2007 closes with 72 two bedroom condos active on the market in Downtown Long Beach, ranging in size from 786 - 1,630 square feet. 

• Average Price:  $462,410
• Average Days on Market:  94

1 two bedroom condo is in escrow accepting back-up offers, listed at $249,900, on market 202 days.

6 two bedroom condos are pending in escrow, average listing price $359,116, days on market 76. 

4 two bedroom condos were leases, average lease price $2,262, average days on market 105. 

88 two bedroom condos closed escrow in 2007: 

• Average Price:  $408,652
• Average Days on Market:  87
  

Read more »

Posted on January 13, 2008 01:49:37 by Laurie.Manny