Long Beach Homes – Are YOU Safe

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Are You Safe in Your Own Home?

 

Your home is your safe haven from the world.  At least it is supposed to be.  What if it isn’t?  What if anybody could get in at anytime?  Would you still feel safe?  My Dad sent me an email yesterday with a link to a news video about bump keys.  To say that it was enlightening would be a major understatement. 

 

Have you heard about Bump Keys yet?  Apparently they can be purchased online for about $2.00 each and can be used to open almost any lock in seconds. I urge your to watch this video. You may want to upgrade the locks on your Long Beach Homes after watching it.

 

How does this work? Check out this short video as well.

 

Protect yourself and your family.  Invest in better locks.

 

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Long Beach Homes – Are YOU Safe

Bixby Knolls Homes Market Report-Long Beach Real Estate-January and February 2008

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Long Beach Homes Market Report

 

Bixby, Bixby Knolls, California Heights, Virginia Country Club 

January – February 2008
 
 

Two Bedroom Single Family Homes For Sale

There are currently 25 two bedroom, single family homes active on the market.

• 17 – 1 bath
• 1 – 1.75 baths
• 5 – 2 baths
• 2 – 3 baths

 

Square Footage ranges from 888′ to 2,299

Prices range from $325,000 to $795,000

Days on market range from 1 to 258

Average Days on Market is 106
 

4 are in escrow at this time

• 3 – accepting back-up offers
• 1 – pending

Average days on Market is 41

Average Pending Price $396,266
 

5 two bedroom single family homes have closed escrow – SOLD

• 2 – 1 bath
• 1 – 1.5 baths
• 2 – 2 baths

Square Footage ranges from 941′ to 1,572

Prices range from $290,000 to $587,500

Days on market range from 19

Average Sold Price:  $424,900

 

 

Three Bedroom Single Family Homes For Sale

There are currently 55 three bedroom, single family homes active on the market.

• 10 – 1 bath
• 1 – 1.5 baths
• 4 – 1.75 baths
• 33 – 2 baths
• 2 – 2.5 baths
• 5 – 3 baths

Square Footage ranges from 1,000 to 3,500

Prices range from $270,000 to $1,124,900

Days on Market range from 0 to 270

Average days on Market is 86
 

9 are in escrow at this time

• 2 – accepting back-up offers
• 7 – pending

Average days n Market is 132

Average Pending Price:  $561,685

10 three bedroom single family homes have closed escrow – SOLD

• 2 – 1 bath
• 1 – 1.5 baths
• 1 – 1.75 baths
• 6 – 2 baths

Square Footage ranges from 990 to 1,979

Prices range from $405,000 to $750,000

Days on market range from 5 to 247            

Average days on market is 64

Average Sold Price:  $492,300

 

 

Four Bedroom Single Family Homes For Sale

There are currently 21 four bedroom, single family homes active on the market.

• 10 – 2 baths
• 8 – 3 baths
• 1 – 3.5 baths
• 2 – 4 baths

Square Footage ranges from 1,500 to 3,700

Prices range from $459,000 to $1,795,000

Days on Market range from 50 to 332

Average days on Market is 126
 

5 are in escrow at this time

• 3 – accepting back-up offers
• 2 – pending

Average days on Market is 112

Average Pending Price:  $849,360
 

NO 4 bedrooms have closed escrow

 


Five Plus Bedroom Single Family Homes For Sale

There are currently 12 5 plus bedroom, single family homes active on the market.

• 9 – 5 bedroom homes
• 2 – 6 bedroom homes
• 1 – 7 bedrooms home

Square Footage ranges from 1,927 to 2,007

Prices range from $550,000 to $2,300,000

Days on Market range from 45 to 332

Average days on Market is 113

2 – 5 bedroom homes are pending in escrow at this time

• One with 3 baths; 2,867 sq ft; $650,000; Days on Market 25
• One with 7 baths: 5,162 sq ft; $1,839,000; Days on Market 78

One 5 bedroom, 4 bath home closed escrow – SOLD

4,820 sq ft; $775,000; Days on Market 298

 

Read Also: 

Bixby Knolls Condos Market Report-Long Beach Real Estate-January and February 2008

 

• Bixby Knolls Homes For Sale $500000 or less
• Bixby Knolls Homes For Sale $500000 to $600000
• Bixby Knolls Homes For Sale $600000 to $700000
• Bixby Knolls Homes For Sale $700000 to $800000

 

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Bixby Knolls Homes Market Report-Long Beach Real Estate-January and February 2008

Bixby Knolls Condos Market Report-Long Beach Real Estate-January and February 2008

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Long Beach Condos Market Report

 

Bixby, Bixby Knolls, California Heights, Virginia Country Club

 

January – February 2008

 

One Bedroom Condos
There are currently 10 one bedroom condos active on the market.
9 have 1 bath, 1 has 2 baths
Square Footage ranges from 564′ to 925′
Prices range from $125,000 to $310,000
Average Price is $209,480
Days on Market Range from 2 to 325
Average Days on Market is 124
Average Price per square foot $302.28
3 one bedroom condos are in escrow
Average Square Feet 677
Average Price $213,283
Average Days on Market 86
2 one bedroom condos closed escrow – SOLD
1 @ 750 sq ft; $277,500; 109 Days on Market
1 @ 1,060 sq ft; $350,000; 16 Days on Market
Two Bedroom Condos
There are currently 33 two bedroom condos active on the market.
Square Footage ranges from 782′ to 1530′
Prices range from $220,000 to $459,000
Average Price is $209,480
Days on Market Range from 1 to 326
Average Days on Market is 97
Average Price per square foot $297.17
7 two bedroom condos are in escrow
Average Square Feet 1,242
Average Price $310,129
Average Days on Market 68
7 two bedroom condos closed escrow – SOLD
6 with 2 baths; 1 with 3 baths
Square Footage ranges from 920 to 1,480
Average Price Sold $359,857
Average Days on Market 63
Average Price per square foot $303.93
Three + Bedroom Condos
There are currently 2 three bedroom condos active on the market.
Both have 2 baths
Square Footage is 1,120 and 1,122
Prices:  $380,000 and $399,900
Days on Market:  59 & 85

Read Also: 

Bixby Knolls Homes Market Report-Long Beach Real Estate-January and February 2008

 

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Bixby Knolls Condos Market Report-Long Beach Real Estate-January and February 2008

Long Beach Real Estate Market Statistics- March 2008 – Absorption Rate

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Long Beach Real Estate Market Statistics – March 2008

Absorption Rate is a good way to get a really clear picture of the Long Beach real estate market and is a great tool to use to assess your competition when listing your Long Beach properties.  The numbers reflected below indicate a highly competitive and strong buyers market, one in which the right price is detrimental to the potential sale of your Long Beach Homes, Condos and Investment Properties. 
 
A six month supply of homes indicates a normal market; less than 6 months would indicate a Sellers Market, over 6 months indicates a Buyers Market. 

 

 

Current Absorption Rates – Long Beach California

9/1/2007 – 2/29/2008 – 6 months

Long Beach Condos

Closing escrow at an average of about 50 condos per month citywide, it would take close to 14 months to sell off the existing inventory of 704 condominiums for sale in Long Beach. 
Closed Escrows = 303 ÷ 6 mos. = 50.5 per month absorption rate
Per month absorption rate = 50.5 ÷ 704 (Active + In Escrow Listings) = 13.94 months’ supply of condos for sale. 

• Expired = 228
• Withdrawn = 9
• Cancelled = 167

Long Beach Homes

Closing escrow at an average of about 90 homes per month citywide, it would take over 15 months to sell off the existing inventory of 1404 homes for sale in Long Beach. 
Closed Escrows = 541 ÷ 6 mos. = 90.17 per month absorption rate
Per month absorption rate = 90.17 ÷ 1404 (Active + In Escrow Listings) = 15.57 months’ supply of homes for sale. 

• Expired = 799
• Withdrawn = 45
• Cancelled = 625 

Long Beach Duplex’s

Closing escrow at an average of about 9 per month citywide, it would take well over 2 years to sell off the existing inventory of 232 duplex’s for sale in Long Beach. 
Closed Escrows = 55 ÷ 6 mos. = 9.17 per month absorption rate
Per month absorption rate = 9.17 ÷ 232 (Active + In Escrow Listings) = 25.30 months’ supply of duplexes for sale. 

• Expired = 171
• Withdrawn = 5
• Cancelled = 70

 

Long Beach 4-Plex’s
Closing escrow at an average of about 3.5 per month citywide, it would take well over 3 years to sell off the existing inventory of 141 four-plex’s for sale in Long Beach. 
Closed Escrows = 21 ÷ 6 mos. = 3.5 per month absorption rate
Per month absorption rate = 3.5 ÷ 141 (Active + In Escrow Listings) = 40.29 months’ supply of 4-plex’s for sale. 

• Expired = 101
• Withdrawn = 2
• Cancelled = 53

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Long Beach Real Estate Market Statistics- March 2008 – Absorption Rate

Long Beach Condos For Sale Under $200k-February 2008

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Looking for a Deal?

Long Beach Realtors keep hearing buyers saying that they want “A Deal”.  Many investors have been sitting on the sidelines waiting for the Long Beach real estate market to drop low enough to swoop in and pick up a few great rental properties that will generate income. 

 

There are 29, 2 bedroom condos for sale in Long Beach, UNDER $200,000.  Many have been on the market for a long time, as is witnessed by the days on market (DOM) in the chart below; and are now price reduced into the very affordable range. 

 

For renters or first time home buyers this is an opportunity to own that has not existed in Long Beach for many years. 

 

For Long Beach investors, with a down payment of around 20%, many of these Long Beach Condos will produce the rental income you have been waiting for.

 

Most of these Long Beach Condos are either bank owned, forclosures or short sales. 

 

Do you want to make a deal?

 

RES	Area	Zip	TGNO	Bd	Bth	Gar	SqFt	Yr Blt	Price	DOM
1	11	90810	795A1	2	1	1	730	1965	$159,000	43
2	11	90810	795A1	2	1	1	842	1965	$162,500	22
3	11	90810	795A1	2	1	0	730	1965	$175,000	108
4	11	90810	795A1	2	1	0	730	1965	$178,900	77
5	11	90810	795A1	2	1	2	730	1965	$179,900	27
6	11	90810	795A1	2	1	0	730	1965	$189,900	135
7	3	90804	795H5	2	2	0	842	1988	$149,900	171
8	3	90804	795H6	2	1	0	780	1987	$189,000	79
9	3	90804	795G5	2	2	0	830	1986	$199,900	43
10	3	90804	795H5	2	2	2	842	1988	$199,999	245
11	4	90813	795D5	2	2	1	728	1990	$144,900	132
12	4	90813	795D5	2	2	1	728	1990	$156,000	37
13	4	90802	795D7	2	1	0	929	1959	$163,900	57
14	4	90813	795D5	2	2	0	728	1990	$174,900	41
15	4	90813	795D6	2	2	1 D	856	1985	$189,900	159
16	4	90813	795D5	2	2	1	774	1987	$198,000	162
17	4	90813	795F6	2	2	0	690	1988	$199,000	226
18	4	90813	795F6	2	2	0	668	1988	$199,000	214
19	4	90802	795F7	2	2	1 D	779	1979	$199,000	112
20	6	90807	765E7	2	2	1	794	1973	$189,000	84
21	7	90805	735E7	2	1	0	784	1965	$154,900	35
22	7	90805	735H7	2	1	0	858	1972	$155,000	1
23	7	90807	765G4	2	1	2	779	1969	$160,000	17
24	7	90805	765G2	2	1	0	876	1968	$177,000	25
25	7	90804	795G5	2	2	1	797	1985	$184,500	71
26	7	90804	795h5	2	2	0	856	1988	$184,900	3
27	7	90807	765G4	2	1	0	868	1969	$189,000	163
28	7	90805	765G2	2	2	0	876	1968	$190,000	120
29	7	90810	795A1	2	1	1	730	1965	$199,998	253

 

 

Areas:

11 – Westside

3 – Eastside – Circle Area

4 – Downtown Long Beach – Alamitos Beach

7 – North Long Beach

TGNO – Thomas Guide Number

DOM – Days on Market

 

Read Also:

Downtown Long Beach Duplexes For Sale 90802 90813

Downtown Long Beach Homes For Sale 90802 90813

Downtown Long Beach Condos Market Report January 2008

Long Beach Homes-Issues for 1st Time Home Buyers

 

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Long Beach Condos For Sale Under $200k-February 2008